Uber has announced it is acquiring the Hong Kong-based online cab-hailing platform FlyTaxi to expand its taxi services, ahead of the implementation of a regulatory regime for ride-hailing services later this year. In a statement on Friday, Uber said that its acquisition of FlyTaxi was part of its commitment to help grow the taxi industry and provide “greater economic opportunities” for drivers. It also said that FlyTaxi would continue to operate as normal and that nothing would change for...
While airline sources said domestic flights have not been cut, the CEO indicated they are also under profitability pressure
The three new plants will make India its fourth-largest production base
He was a grandson of Kasturi Gopalan, former Publisher of The Hindu
In a meeting with Infrastructure and Investment Minister Janardhan Reddy, the company representatives highlight the extensive experience they have across sectors such as aviation, aerospace, defence, space, mining, and trading
The IT firm, which began operations in the city from a rented facility in October 2023, has expanded its workforce from 250 to nearly 1,900 in two years
Ant International, the overseas spin-off of Chinese fintech giant Ant Group, has connected more than 150 million merchants with over 2 billion consumer accounts around the world, as it positions its payments network as core infrastructure for the emerging AI commerce economy. The figures, disclosed at the company’s MoMents 2026 forum in Kuala Lumpur, which ran from Monday to Wednesday, underscore the scale Ant is seeking to leverage amid the rising adoption of artificial intelligence agents. Ant...
Geely Automobile Holdings, Chery Automobile and BYD, the most profitable listed Chinese carmakers last year, all reported double-digit declines in net profit in the first quarter, highlighting a squeeze at home amid reduced purchase incentives. Hangzhou-based Geely, the country’s second-largest carmaker behind BYD, said in a filing on Wednesday that its net profit for the January-March period slid 27 per cent year on year to 4.17 billion yuan (US$610 million). The profit slump came even as...
The family dynasty behind Samsung is so complicated it regularly makes headline news in South Korea.
Company’s core focus is net-zero carbon through solar, biomass, battery storage, and energy-efficient systems, says group founder Ranjan Mahtani
Airbus secured an order for 137 A320neo jets from Chinese airlines, extending the European company’s edge in one of aviation’s most contested markets as US rival Boeing waits on a long-speculated deal with Beijing. China Southern Airlines, one of China’s three major state-owned carriers, announced the deal on Wednesday. The airline, based in the southern city of Guangzhou, will purchase 102 aircraft, while its subsidiary Xiamen Airlines will acquire the remaining 35. The orders carry a combined...
The impact of sky-high costs for memory chips is spreading from smartphones to cars, as China’s electric vehicle (EV) king BYD announced a 21 per cent price increase for its high-end driver-assistance system. Starting on Friday, the price of the optional DiPilot 300 assisted-driving system would rise to 12,000 yuan ($1,757) from 9,900 yuan, BYD said on Tuesday, attributing the decision to “the sharp rise in global storage hardware costs”. The system, which allows cars to navigate themselves on...
Multinational furniture retailer Ikea says it will open its first small-format store in Beijing on Thursday, aiming at convenience and efficiency that analysts believe could lift footfall by bringing the brand closer to consumers amid shifting trends. The move comes after the company shut seven large outlets across mainland China in early February, as it grapples with the country’s rapidly changing consumer trends and declining demand for new-home furnishing amid a sluggish property...
It is expected to create over 300 high-value jobs in the initial phase, with employment projected to scale up to 1,600 in the coming years, says Telangana IT and Industries Minister’s office.
Ground-handling company SATS has apologised over a video circulating online showing a service crew member throwing luggage onto a baggage belt at Singapore’s Changi Airport. “The behaviour seen in the video does not reflect our service standards or the care with which we expect baggage to be handled,” SATS said in a statement on Tuesday. “We are sorry that this occurred.” In a social media video posted by user Eric Yoong, a SATS service crew member can be seen tossing baggage onto a conveyor...
India’s major airlines warned of a potential suspension in services unless the government lowered jet fuel prices. “The airline industry in India is under extreme stress and on the verge of closing down or of stopping its operations,” the Federation of Indian Airlines, representing carriers including IndiGo, Air India and SpiceJet, said in a letter to India’s Civil Aviation Ministry, seen by Bloomberg. They sought a return to pandemic-era cost caps on aviation turbine fuel and a reduction or...
When Lee Kun-hee, the patriarch behind Samsung Electronics, died in 2020, his dynasty soon dealt with a crisis on two fronts: first, a multibillion-dollar inheritance tax. The following year, his son Jay Y. Lee was jailed after being convicted of bribing South Korea’s former president Park Geun-hye to win support for his succession. At the time, some observers speculated that the sheer scale of one of the world’s largest death levies could threaten the family’s control over the...
According to the government, the insurance company failed to issue health insurance cards, provide the list of empanelled hospital, web-based application platform and also failed to finalize performance parameters and penalty framework forming part of the contractual obligations
The management members have now decided to withdraw their earlier decision and also, those who have purchased sites will return them
This is part of an arrangement by the luxury fashion brand with Karnataka and Maharashtra to help conserve the Kolhapuri Chappal heritage
The State-run PSU took 105 years to clock its first ₹1,000 crore, while it more than doubled this figure to ₹2,016 crore in just four years, says Minister; New factory in Vijayapura at an outlay of ₹229 crore
BYD’s first-quarter net profit matched market estimates as China’s electric vehicle (EV) king partly offset weakness in its domestic market with rising exports. The mainland’s largest and most profitable EV maker reported a net profit of nearly 4.09 billion yuan (US$590 million) for the first three months of the year, a drop of 55 per cent compared with a year earlier. Revenue came in at 150.2 billion yuan, down 11.8 per cent from a year earlier. The market’s consensus estimate was 4.09 billion...
The auto major had posted a net profit of ₹3,911.1 crore in the same quarter of the preceding fiscal, Maruti Suzuki India said in a regulatory filing
Alongside the data centre, the company has tied up with five partners on watershed management, GPS for fisherfolk, women’s livelihoods and skills training, with the stated aim of preparing local talent for the hub
The West Asia turmoil has pushed up oil prices, and airspace restrictions have increased airlines' operating costs, especially on long-haul routes
Hong Kong’s competition watchdog has launched a public consultation on food delivery platform Keeta’s proposed measures to ensure a fair market environment, after previously raising concerns about its exclusivity clauses. The Competition Commission said on Tuesday that it had begun consulting on three commitments offered by Keeta under Section 60 of the Competition Ordinance, which would become legally binding if accepted. The commission noted that the platform had confirmed earlier this month...
Hong Kong Disneyland Resort posted a 36 per cent drop in net profit to HK$536 million (US$68 million) last year, due to higher costs, increased outbound travel by Hongkongers and weather disruptions. The Lantau Island theme park on Tuesday reported its results for the financial year ending last September, with revenue down 1.35 per cent year on year to HK$8.69 billion and visitor numbers falling 2.5 per cent to 7.5 million, from a record 7.7 million in 2023-24. Tim Sypko, the park’s managing...
The bitter legal fight between Elon Musk and the leadingAIe firm, OpenAI, led by Sam Altman, may come down to a few pages in one executive’s personal diary. “This is the only chance we have to get out from Elon,” wrote Greg Brockman, OpenAI’s president and a co-founder, in the autumn of 2017. “Is he the ‘glorious leader’ that I would pick?” Brockman’s diary entry is part of the thousands of pages of internal documents revealed in court since Musk, one of the original co-founders of OpenAI,...
China’s drug maker WuXi AppTec reported record first-quarter revenue, as a robust order backlog and sustained demand from global pharmaceutical companies supported growth. For the three months ended March 31, the Shanghai- and Hong Kong-listed company posted revenue of 12.44 billion yuan (US$1.72 billion), up 28.81 per cent year on year, according to a filing released on Monday. Net profit climbed nearly 27 per cent to 4.65 billion yuan in the quarter. Both revenue and net profit exceeded market...
Now one of the biggest sportswear firms, Anta's rise follows a playbook adopted by many Chinese giants.
Mehul H Doshi assumed office as the 10th President, along with the newly elected office bearers and executive committee members
Li Auto, one of Tesla’s major rivals in mainland China, has set its sights on the Middle East and Asia-Pacific, with its premium intelligent models poised to take on petrol car brands such as BMW and Mercedes-Benz. The Beijing-based electric vehicle (EV) maker, which is actively building a sales network abroad, expected overseas deliveries to account for 30 per cent of its total by 2030, according to president Ma Donghui. “It is inevitable that we will compete against BMW, Benz and Audi, which...
In the southern tech hub of Shenzhen, a simmering rivalry between DJI and Insta360 has transformed their shared neighbourhood into a high-stakes corporate battleground. Both companies have long been hailed as the city’s poster children for Chinese innovation. DJI dominated the skies as the world’s undisputed leader in consumer drones, and Insta360 captured the niche market of panoramic cameras. Now they find themselves locked in a crosstown struggle for market supremacy that some say could...
These ventures, span across diverse domains, are expected to create 18,000 to 20,000 jobs in the City in five years
"We already have five super charging stations in India, which we have built around the lifestyle of our customers, where they go to work, shop, dine and travel," Tesla India General Manager
A winning bid involving Henderson Land Development to operate a major Hong Kong harbourfront event space has expanded the developer’s footprint in Central to three prime locations, a situation that experts have said could result in greater accessibility and more visitors from surrounding commercial properties. Central Grand, a 50:50 joint venture formed by Henderson and concert organiser YW Company – commonly known as “Yiu Wing” – recently won the tender to operate the 3.7-hectare (9.1 acres)...
Burger King in Japan is tempting franchisees of rival fast-food brands like McDonald’s and Mos Burger by offering them 40 million yen (US$250,000) cashback to jump ship. The offer, under its franchise switching plan, is on the table until 3pm on September 30, according to a statement by the chain issued on Wednesday. Applicants must have been in business for at least three years, submit financial statements for the past three financial years and identify a general manager for the converted...
The signal is clear. In the first quarter of this year, just three C919 aircraft were delivered – two to China Southern Airlines and one to Air China. For a Chinese programme expected to deliver more than 30 of these home-grown narrowbody airliners this year, the gap between ambition and reality has opened up quickly. Commercial Aircraft Corporation of China (Comac) delivered 15 C919s last year, far short of the target of 75 set before supply disruptions forced a reset. Even the modest reported...
The cuts, which employees had been expecting for weeks, will be Meta's largest layoff since 2023.
Meta will lay off 8,000 workers while Microsoft is offering buyouts to 8,750 people, a first for the Windows maker.
Boeing sees reduced first-quarter loss as defence earnings rise amid $2.3bn US Pentagon contract.
IT firms and parks along the OMR corridor wore a deserted look on election day
Attention now turns to regulatory authorities, with both Washington and London expected to examine the merger's impact.
Warner Bros Discovery shareholders on Thursday backed the company’s proposed US$110 billion merger with Paramount Skydance, but cast an advisory vote against executive compensation plans tied to the deal. Under the pay packages proposed to executives, CEO David Zaslav could receive up to US$887 million if the sale is completed. Proxy advisor ISS had said Zaslav’s potential payout was “extremely large”. “Management now faces a twofold challenge: securing (regulatory) approval for the deal and...
The approval came as Donald Trump is to attend a dinner with billionaire Paramount backers the Ellisons.
The Group Term Life Insurance Scheme to benefit 40,000 employees of Singareni Collieries; ₹30L accidental insurance extended to pensioners up to 70 years of age
Bengaluru-based ice cream, candy and cone manufacturer aims fast growth, increased market footprint and huge revenue growth
A Henderson Land Development joint venture has won a five-year contract to operate the Central Harbourfront Event Space in Hong Kong, with a clause that would require the government to be compensated if the number of events falls short of its commitment. The Development Bureau on Thursday announced that Central Grand Limited (CGL), a joint venture between the property developer and concert organiser YW Company, beat five other bidders for the prime site which hosts major events such as the...
China’s fuerdai, or “second-generation rich”, are shaking off their notorious image and have become the favourite boss of some young people. The term fuerdai was invented in the 2000s and refers to the children of people who accumulated wealth following China’s reform and opening up in 1978. It was considered a pejorative term, often associated with the spoiled character and overindulgent lifestyles of rich children. However, in contemporary China, fuerdai are dispensing with their stereotypes...
A hotel operator’s planned entry into Xiongan New Area southwest of Beijing highlights a tentative but growing alignment between Hong Kong’s private sector and the state-backed development project, as leaders renew efforts to accelerate the zone’s transformation into a hi-tech growth hub. Hong Kong-based Langham Hospitality Group, a wholly owned subsidiary of Great Eagle Holdings, said on Thursday that it had signed a management agreement with China Xiongan Group Public Service Management to...
This year’s Auto China, the world’s largest car show, is likely to mark a watershed for Chinese electric vehicle (EV) makers as they push dozens of new premium models into the spotlight, challenging European manufacturers such as BMW and Mercedes-Benz. Leading EV makers in mainland China, from BYD and Geely to Leapmotor and Nio, will showcase their latest models at the 10-day show, which starts in Beijing on Friday, having moved up the value chain through the rapid adoption of technological...
The deal faces regulatory scrutiny both for influence on media landscape, but also for foreign investments to fund it.
China’s electric vehicle (EV) makers could introduce a lidar sensor-based intelligent driving system in models priced as low as 60,000 yuan (US$8,795) this year, reflecting intensifying competition and falling costs, according to AI-driven tech firm Robosense. This price point is the lowest for models on sale in China’s market, excluding mini vehicles sold for less than 50,000 yuan, indicating fierce competition among Chinese carmakers amid the phasing out of policy incentives. Notably, light...
The company will also look at bringing its vertically integrated energy solution business to the country at an appropriate time, Tesla chief for APAC region Isabel Fan told reporters in Mumbai
The airline is the latest to cut flights as the US-Israel war with Iran sends jet fuel prices soaring.
[The content of this article has been produced by our advertising partner.] Octopus is moving further into Hong Kong’s transport system with the rollout of a taxi booking feature in its app, as the city steps up efforts to modernise a traditionally cash-heavy sector through regulation and fintech. The new “Easy Ride” feature allows passengers to book, ride and pay for taxis in a single interface, expanding the company’s role in transport from fare settlement to journey co-ordination. The launch...
The satirical faux-news site The Onion has signed a new, restructured deal to take over Infowars from conspiracy peddler Alex Jones. Under the new terms, the Onion would license Infowars from Gregory Milligan, the court-appointed manager of the site since August 2025, instead of buying its assets outright for US$1.75 million, as parent company Global Tetrahedron initially tried to do in a 2024 auction. Under the new agreement, submitted Monday to Texas state Judge Maya Guerra Gamble, Global...
Bang Si-hyuk, who created the supergroup, denies defrauding investors before his $7.3bn company went public.
Our operations in India play an increasingly important role in our technology transformation: Greg Chandler of The Standard
Behind China’s landmark crackdown on the e-commerce and food-delivery sectors lies a darker narrative of resistance, secrecy and violence, after regulators uncovered a vast network of “ghost” bakeries and imposed a record fine on seven major platforms. The State Administration for Market Regulation (SAMR) levied a 3.6 billion yuan (US$528 million) fine on seven platforms run by PDD Holdings, Meituan, JD.com, Alibaba Group Holding and ByteDance, with the probe revealing a hidden office, violent...
As Tim Cook announces his departure from the top job at Apple, these are the key challenges for new boss John Ternus.
A Division Bench of the Madras High Court dismisses an orginal side appeal filed by Hatsun in 2020
The year-long celebrations to mark Hong Kong Disneyland Resort’s 20th anniversary will run until June, still giving visitors from around the world plenty of opportunity to experience the thrills and excitement of what is billed as “The Most Magical Party of All”. The milestone event has already been a resounding success on many levels, showcasing not just the enduring appeal of the Disney brand and characters, but also the effectiveness of innovative marketing campaigns, targeted commercial...
China’s top civilian aircraft manufacturer is reassessing geopolitical risks to its supply chains – particularly for jet engines sourced from foreign firms – according to a source at the planemaker, as deliveries of its flagship C919 passenger jet appear to be late or delayed this year. The Shanghai-based Commercial Aircraft Corporation of China (Comac) is facing external and internal constraints, including reliance on foreign suppliers for critical components and persistent manpower shortages,...
John Ternus will take over running the technology giant as Cook steps up to become executive chairman.
Cook will turn over CEO duties to Apple’s head of hardware engineering, John Ternus, on September 1.
Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a nearly 15-year reign that saw the company’s market value soar by more than US$3.6 trillion during an iPhone-fuelled era of prosperity. Cook, 65, will turn the CEO duties over to Apple’s head of hardware engineering, John Ternus, on September 1 while remaining involved with the Cupertino, California, company as executive chairman. That is similar to the transitions made by Amazon’s Jeff Bezos and...
ByteDance, the parent company of TikTok and Douyin, saw its net profit plummet by more than 70 per cent in 2025 as it poured money into artificial intelligence, according to Chinese media reports. At the same time, revenue from overseas markets surged by nearly 50 per cent, far outpacing the roughly 20 per cent growth in China, according to reports on Monday by outlets including Securities Times and 36Kr, which cited a person familiar with the matter. For the first time, overseas revenue...
Global drug maker Pfizer and biotech firm Amgen, each valued at over HK$1 trillion (US$153 billion), are among 22 strategic enterprises planning to open or expand offices in Hong Kong, the South China Morning Post has learned. A source said on Monday that these industry leaders were among companies from the fintech, cloud computing and aerial transport sectors set to sign agreements with the Office for Attracting Strategic Enterprises. The move will mark the sixth cohort under the government’s...
In the early 2010s, a small Australian company tried to build a fleet of satellites before lenders, concerned about its chief executive officer’s flamboyant behaviour, pulled hundreds of millions of dollars of financing. The firm collapsed in 2015. More than a decade later, Singapore real estate tycoon Ching Chiat Kwong, who says he put US$100 million of his own money into NewSat, has not forgotten. The Supreme Court of Victoria begins hearing a case on Monday brought by the liquidators of the...
Deliveries of China’s home-grown C919 narrowbody airliner, billed to challenge mainstream models from Boeing and Airbus, appear to be delayed, with only three units shipped to Chinese carriers in the first quarter of 2026. Observers point to several factors holding back the Commercial Aircraft Corporation of China (Comac). While some C919s are said to be stuck on the tarmac waiting for engines, analysts also say prioritising quality over speed is the right bet for the planemaker. Only three C919...
Hong Kong-headquartered Toys ‘R’ Us Asia has pivoted to an experience-focused format and smaller stores in the city following an expansion programme that sought to increase its outlets as it navigates the changing retail landscape. The group planned to close the year with 20 stores in Hong Kong, representing a 40 per cent rise from 2025, said Leo Tsoi, CEO of the toys and collectibles retailer. The strategy allows the group to be more nimble and adapt to the demographic shift, as toys and...
Lenskart founder Peyush Bansal had stepped in after the controversy to clarify that the viral document was an “outdated version” and does not reflect the company’s current stance.
Hong Kong’s competition watchdog is closely monitoring a potential megadeal between the city’s two largest supermarket chains amid a continued decline in grocery sales since 2020. The Competition Commission told the South China Morning Post on Friday that it was aware of media reports about the potential merger. “The commission is aware of the relevant media reports and is paying close attention to the matter and any future developments,” it said. Conglomerates Jardine Matheson and CK Hutchison,...
According to a preliminary probe, the company was not in receipt of any complaints, as being alleged, a statement said
Some passengers have been unable to use any mandatory e-payment options on Hong Kong taxis, as cabbies cited faulty machines or battery problems, reasons that customers have deemed as excuses as the “cash is king” mentality persisted. Experts said this week that many taxi drivers still held a deep-seated fear of having a traceable income record, which could lead to taxation or the loss of eligibility for public housing. Lawmaker Mark Chong Ho-fung told the South China Morning Post that many...
Sleep on a long-haul flight in economy class has always been a fantasy for many travellers. Air New Zealand will soon offer a solution that involves climbing into a triple-tier bunk bed wearing special socks. The airline will soon open bookings for four-hour stints in the Skynest sleep pods and says they will be the first lie-flat beds for budget air travellers. Fliers will get cosy with their fellow passengers, however, so crumbs, strong perfumes and bed-sharing are forbidden. The curtained...
TCS said Nida Khan who has been described as an HR manager in some reports was a process associate and did not have any leadership or recruitment-related responsibilities
Hong Kong flag carrier Cathay Pacific Airways and its budget arm had more passengers in March than a year ago, despite the impact of the United States-Israel attack on Iran. In a statement issued on Friday, Cathay Group also said it aimed to restore all flights after June. The company earlier announced it was cutting the number of Cathay Pacific flights by 2 per cent and HK Express services by 6 per cent between mid-May and the end of June. The group attributed the growth to a spate of...
Vietnamese budget carrier VietJet Air has agreed to lease as many as 10 Chinese-made C909 regional passenger jets, giving a lift to their manufacturer’s goal of vying with Airbus and Boeing in overseas civil aviation. VietJet said in a statement on Thursday night it had agreed with SPDB Financial Leasing, a subsidiary of Shanghai Pudong Development Bank in China, to finance the aircraft through operating leases. Commercial Aircraft Corporation of China (Comac) makes the jets that are the subject...
It’s first project is in Alibaug which is close to Mumbai and targeted at high networth individuals (HNIs) from Mumbai and property investors from India and abroad
The company's stock plunged about 8 percent on the news of Hastings's departure.