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Calls for 20,500 ride-hailing permits to keep 15,000 cars on Hong Kong roads daily
خبر
11.05.2026

Calls for 20,500 ride-hailing permits to keep 15,000 cars on Hong Kong roads daily

Hong Kong authorities should issue about 20,500 licences in the first phase of regulating ride-hailing platforms, lawmakers and experts have said, arguing that the city needs at least 15,000 active cars daily to meet existing demand and avoid worsening transport shortages. The proposal came as several lawmakers told the South China Morning Post, on condition of anonymity, that the government had recently consulted them on a regulatory framework for ride-hailing services but had not presented any...

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SCMP Economy
Buoyed by rare earths, China approaches Trump summit with fresh confidence
خبر
10.05.2026

Buoyed by rare earths, China approaches Trump summit with fresh confidence

Chinese officials have signalled privately a growing willingness to retaliate against the United States, buoyed by confidence in their economic leverage as US President Donald Trump prepares to visit Beijing this week. Sources told the South China Morning Post that officials in Beijing had grown bolder since playing its rare earths card in October and were now less worried about tariffs. The sources, who spoke on condition of anonymity because they were not authorised to comment publicly, said...

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SCMP Economy
Baidu chip unit Kunlunxin eyes US$14.7b valuation in Hong Kong IPO: sources
تقنية
08.05.2026

Baidu chip unit Kunlunxin eyes US$14.7b valuation in Hong Kong IPO: sources

Kunlunxin, the artificial intelligence chip unit of Chinese tech giant Baidu, is seeking a valuation of at least 100 billion yuan (US$14.69 billion) for its Hong Kong stock exchange listing, according to two people familiar with the matter. The valuation could change based on market conditions and final terms, according to one of the sources, who requested anonymity as the information was private. Baidu and Kunlunxin did not immediately respond to a request for comment on Friday. Separately,...

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SCMP Tech
Baidu chip unit Kunlunxin eyes US$14.6b valuation in Hong Kong IPO: sources
تقنية
08.05.2026

Baidu chip unit Kunlunxin eyes US$14.6b valuation in Hong Kong IPO: sources

Kunlunxin, the artificial intelligence chip unit of Chinese tech giant Baidu, is seeking a valuation of at least 100 billion yuan (US$14.6 billion) for its Hong Kong stock exchange listing, according to two people familiar with the matter. The valuation could change based on market conditions and final terms, according to one of the sources, who requested anonymity as the information was private. Baidu and Kunlunxin did not immediately respond to a request for comment on Friday. Separately,...

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SCMP Tech
Exeter Chiefs members vote in favour of sale to AFC Bournemouth’s American owners
رياضة
07.05.2026

Exeter Chiefs members vote in favour of sale to AFC Bournemouth’s American owners

Bill Foley’s Cannae Holdings Inc expected to complete dealBillionaire Foley to provide ‘significant’ investmentExeter’s members have voted in favour of selling the club to the American owners of AFC Bournemouth. Cannae Holdings Inc, part of billionaire Bill Foley’s investment empire which also includes the Black Knight Sports and Entertainment group, is now set to take full control of the Chiefs and provide “significant” multi-million-pound fundingExeter, who rose from lower-league anonymity to claim a European and domestic title double in 2020, have previously been a members-owned club since their foundation in 1871. At a special general meeting, however, members voted by a comfortable majority to approve the club’s sale with long-time chairman Tony Rowe having negotiated a landmark deal with the new US backers. Continue reading...

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Guardian Sport