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Cici Cao The government must have control over land arrangements to ensure supply, Chief Executive John Lee Ka-chiu says in response to an “overcorrection” warning issued by former leader Leung Chun-ying, as home prices hit an eight-year low last month. Lee said the lack of land creation at the start of the century failed to […]
Staff reporter Over 70 percent of Hongkongers agreed that this year’s policy address will boost the city’s economy, while another 60 percent are satisfied with it, revealed a survey conducted by Sing Tao Daily, The Standard’s sister paper. The online survey, aimed at garnering public views on the policy address delivered by Chief Executive John […]
Leveraging extensive insights into brain function and memory, the internal AI team at the Tianqiao & Chrissy Chen Institute (TCCI) has made significant strides in artificial intelligence with their OMNE Multiagent Framework. This innovative framework has secured the leading position on the GAIA (General AI Assistants) benchmark leaderboard, co-launched by Meta AI, Hugging Face, and […]
A South Korean national has been arrested in China on a spying charge, the Chinese foreign ministry confirmed on Tuesday. Foreign ministry spokesman Lin Jian said the South Korean citizen was arrested “in accordance with the law on suspicion of espionage” and that their lawful rights would be safeguarded, without giving further details. “The authorities […]
Taiwan Semiconductor Manufacturing Company (TSMC) has hit a remarkable milestone. The chip maker’s market value briefly surpassed $1 trillion. This achievement comes as Wall Street analysts raise their price targets for the company. TSMC’s American Depositary Receipts (ADRs) saw a significant jump on Monday. They rose by 4.8% shortly after the New York Stock Exchange […]
In late September, China’s stock market, beleaguered by weak economic indicators and a crumbling property sector, experienced an unexpected rally. After previous hesitation over major interventions, Beijing’s stimulus measures sparked a surge in Chinese equities, briefly reigniting optimism. Yet what truly puzzled market observers was Beijing’s newfound approach to managing the market itself. After allowing […]
The commercialization of KLING AI has made phased progress, with revenue possibly reaching tens of millions and internal team celebrations. It is currently uncertain whether the main source of income for KLING AI comes from consumers or APIs. KLING AI is a large-scale video generation model developed by the Large Model Team at Kuaishou. KLING […]
ByteDance’s Zhang Yiming Becomes the First Self-Made Chinese Billionaire Born in the ’80s – Pandaily
On Tuesday, the Hurun Research Institute released the 2024 Rich List. 1,094 entrepreneurs with personal wealth above 5 billion yuan made it onto this year’s Hurun Rich List, a decrease of 12% (147 people) from last year. The total wealth of the listed entrepreneurs is 21 trillion yuan, down 10% from last year. The number […]
Night view of the Lujiazui financial district in downtown Shanghai. Yongyuan Dai | E+ | Getty Images ByteDance founder Zhang Yiming for the first time has emerged as China’s richest person, according to a list compiled by Hurun Research Institute, leaving behind Nongfu Spring Chairperson Zhong Shanshan who has topped the rankings for three years. […]
China’s only woman spaceflight engineer will be among a fresh crew of three astronauts sent to its Tiangong space station this week, Beijing announced Tuesday. Astronaut Wang Haoze gestures during a press conference a day before the Shenzhou-19 mission at the Jiuquan Satellite Launch Center in the Gobi desert in northwest China on October 29, […]