China Retail
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Elon Musk to integrate artificial intelligence startup xAI with social media platform X
Musk also said xAI released its first AI model, a bot named Grok, after making it available to all X Premium+ subscribers on Friday.
HKEX to launch retail fund platform as Hong Kong seeks to burnish status as wealth management hub
Moves aims to make it easier for asset management companies and their sales partners to sell fund products to clients, attracting more companies into the market and broadening choices for investors.
What does Rolex’s acquisition of Bucherer mean for its retail future? The Swiss timepiece brand has bought one of the world’s largest watch retailers in a ‘shock’ move for other official dealers
Rolex SA is set to buy luxury retailer Bucherer AG in a deal that could boost its presence in consumer sales – so what does it mean for other official dealers?
Ant Group fintech rival JD Digits restructures amid Beijing’s Big Tech crackdown
Fintech company JD Digits has been restructured as JD Technology, with the addition of JD.com’s artificial intelligence and cloud businesses, amid increased scrutiny of fintech in China after Ant Group’s scuttled IPO.
Ant Group removes small banks’ online deposit products from its platform as it toes the line with China’s new fintech rules
The move by the world’s largest fintech comes as a global regulatory backlash against Big Tech gathers pace.
Shanghai’s premium office and retail vacancy rates suggest ‘healthy’ growth, even if overall vacancies continue to rise
Shanghai’s office vacancy rates have continued to rise, as corporate tenants tighten their purse strings and new supply comes online, and rents have continued to decline.
