South China Morning Post - Companies

Beijing has enlisted the support of its top internet watchdog to deepen the investigation into a car safety issue that put Chinese-made intelligent vehicles under the spotlight. The Ministry of Industry and Information Technology (MIIT) said on Thursday that a joint investigation team including officials from the Cyberspace Administration of China (CAC) and the State Administrat...

HSBC, Hong Kong’s biggest lender, said on Thursday it would double its artificial intelligence specialist team in the city to 300, a figure much larger than the workforce planned for its recently announced AI centre in Singapore. The announcement comes after Hong Kong’s regulators were reported to have raised concerns about the Singapore hub. The bank would double its AI special...

HSBC has launched a discretionary portfolio management service for retail investors with a minimum investment threshold as low as HK$1,000 (US$128) per month, as Hong Kong’s largest lender aims to attract younger, tech-savvy customers. The new service, “Portfolio+”, allows HSBC’s retail banking customers in Hong Kong to build a discretionary investment portfolio via the company’...

Amid Hong Kong’s commercial property downturn, British conglomerate Jardine Matheson has sold a street shop in Causeway Bay for HK$80 million (US$10.2 million) after holding it for more than 50 years, accepting a price HK$10 million below its earlier valuation. The property, a ground-floor shop in H&S Building at 36 Leighton Road, with a gross floor area of about 11,727 squa...

Hesai Group, the world’s largest maker of lidar sensors for vehicles, has launched a 3D spatial camera as it expands into physical artificial intelligence in search of new growth opportunities. The handheld device, called Kosmo, is described by Hesai as a “physical AI eye” and converts real-world environments into detailed, editable 3D models. The company said it was designed to...