Hong Kong's NWD offers State Pavilia residential units in North Point at a massive markdown

The Hong Kong-based developer, grappling with a debt of US$16 billion, has priced 88 residences at an average of HK$18,540 per square foot, marking the lowest rate in the area over the past eight years.

On Thursday, New World Development (NWD) announced a significant markdown on its most recent residential project in Hong Kong. This move comes as the struggling developer is urgently trying to raise funds to reduce its overwhelming debt of HK$123.7 billion (US$15.9 billion).

Sun Hung Kai Properties set the initial rate for apartments in its Lime Gala project in August 2016, with an average cost of HK$17,732 per square foot.

The cost was approximately 13% less than its housing value, which was roughly HK$21,500, as noted by Alex Leung, a high-ranking director at CHFT Advisory and Appraisal. The housing value, which is the cost of land purchase divided by the total allowed floor area for the project – was around HK$6 billion and 279,600 square feet in this instance, he mentioned.

Furthermore, he mentioned that the building expenses could rack up to an extra HK$1.5 billion not including interest.

The company, listed in Hong Kong, is among the city's most heavily indebted developers, with a consolidated net debt of HK$123.7 billion as of June 2024, as stated in their yearly report. NWD has one of the city's highest net gearing or debt-to-equity ratios, standing at 55%. Additionally, it holds loans and bonds that accrue interest, totaling HK$151.6 billion.

Alibaba strengthens its consumer AI division by hiring specialist Steven Hoi in a bid to secure premier tech talent. Experienced AI investigator Steven Hoi has been appointed as a vice-president at Alibaba, becoming part of its Intelligent Information Platform team based in Singapore.

Hoi is set to spearhead the research and development of multimodal base models, investigations related to agents, and practical solutions for AI enterprises focused on consumers, as reported by the Chinese digital media platform, Jiemian.

The hiring of Hoi by Alibaba underscores the escalated hunt for premier AI professionals by major tech firms in China, both domestically and internationally, in response to difficulties in the nation's employment sector.

A majority of business owners in the Asia-Pacific region believe AI will boost their business growth, according to UBS. In fact, around 67% of participants worldwide expressed they would employ AI to enhance their productivity, while roughly 46% would use it to reduce staff numbers.

According to Vishakha Rajput, who leads the entrepreneurs division at UBS Global Wealth Management, participants in a survey identified AI as the most significant business opportunity. On a global scale, an average of 62% of the respondents indicated that they see AI as the technology providing the most potential.

Approximately 67% of participants worldwide indicated they would employ AI to enhance efficiency, and 46% would utilize it to decrease workforce numbers. However, in the Asia-Pacific area, these percentages increased to 75% and 66% respectively.

"AI is a prevalent subject among entrepreneurs in the APAC region presently, particularly due to its capacity to enhance business efficiency," stated Sundeep Gantori, a worldwide technology equity strategist at UBS Global Wealth Management CIO APAC.

Overall, half of the business owners in the Asia-Pacific area stated they would put money into AI systems and programs.

The majority of business owners in the Asia-Pacific region believe AI will boost growth, according to UBS. Worldwide, around 67% of those surveyed expressed plans to utilize AI to enhance productivity, and 46% intend to use it to reduce their workforce.

According to Vishakha Rajput, who leads the entrepreneurs division at UBS Global Wealth Management, survey participants indicated that they see AI as the biggest business prospect. On a global scale, around 62 percent of those questioned stated they would regard AI as the technology with the most potential.

Approximately two-thirds of participants worldwide indicated they would employ artificial intelligence to enhance efficiency, and nearly half would utilize it to decrease staffing levels. In the Asia-Pacific area, those percentages increased to 75 and 66 respectively.

"AI is currently a hot topic among entrepreneurs in the APAC region, particularly because of its capacity to greatly enhance business efficiency," stated Sundeep Gantori, a worldwide technology equity strategist at UBS Global Wealth Management CIO APAC.

Overall, half of the business owners in the Asia-Pacific area expressed their intent to invest in AI technology and software.

DeepSeek pauses account refills due to the popularity of AI models competing with ChatGPT

The Chinese start-up's recent AI models seem to be experiencing a demand surge that surpasses its server capability.

On Thursday, the firm deactivated the recharge function on its platform's website. The alteration was blamed on "limitations with server resources," but it was noted that "current balances remain usable."

The DeepSeek Platform provides users with the ability to interact with its APIs. These APIs act as a conduit, enabling developers and applications to connect with the AI models of the startup.

LLMs refer to artificial intelligence models that are developed to comprehend human language and execute functions, such as creating text or responding to queries. On the other hand, reasoning models are specifically crafted to carry out logical reasoning and inference-related tasks.

Following the launch of its eponymous chatbot on January 10, DeepSeek saw a rapid influx of daily active users (DAUs), exceeding 22 million by the month's end. This put it second only to ChatGPT, which boasted 53 million DAUs at that point, as per the data provided by market analyst Aicpb.com.

In the top tiers of the Automobile Industry, success in Vehicle Manufacturing and Automotive Sales hinges on embracing Industry Innovation, including Automotive Technology and eco-friendly practices. Companies are optimizing Supply Chain Management, focusing on Aftermarket Parts, and enhancing Car Dealerships with digital tools to meet evolving Market Trends and Consumer Preferences. Vehicle Maintenance and Automotive Repair services are adapting to Regulatory Compliance, while Car Rental Services leverage tech for better customer experiences. Staying ahead demands a focus on eco-friendliness, digital connectivity, and personalized services, ensuring alignment with consumer demands and regulatory standards for sustained growth and innovation.

In the fast-paced world of the automobile industry, businesses that stand out are those that not only keep pace with the evolving landscape of vehicle manufacturing and automotive sales but also excel in navigating the complex network of market trends, consumer preferences, and regulatory compliance. From bustling car dealerships to the meticulous world of vehicle maintenance and the innovative realm of aftermarket parts, the automotive sector thrives on a delicate balance of tradition and innovation, supply chain management, and industry innovation. As automotive technology advances at a breakneck speed, companies across the spectrum, including automotive repair shops and car rental services, are finding new ways to meet the increasing demands of consumers while adhering to stricter regulatory standards. This article delves deep into the engines of the automotive business, exploring top strategies that drive success in automobile manufacturing and sales. It also takes a journey down the road ahead, examining how various factors such as automotive marketing, consumer preferences, and regulatory compliance are reshaping the future of car dealerships, aftermarket parts, and vehicle maintenance services. Join us as we navigate the dynamic and competitive landscape of the automotive industry, where success hinges on the ability to adapt to changing market demands and capitalize on the opportunities presented by industry innovation and technological advancements.

• 1. "Revving Up Success: Top Strategies in Automobile Industry for Boosting Vehicle Manufacturing and Automotive Sales"
• 2. "Navigating the Road Ahead: How Market Trends, Consumer Preferences, and Regulatory Compliance Are Steering the Future of Car Dealerships, Aftermarket Parts, and Vehicle Maintenance Services"

1. "Revving Up Success: Top Strategies in Automobile Industry for Boosting Vehicle Manufacturing and Automotive Sales"

In the ever-evolving landscape of the automobile industry, maintaining a competitive edge requires incorporating top strategies for boosting vehicle manufacturing and automotive sales. Success hinges on a multifaceted approach that encompasses advancements in automotive technology, an understanding of market trends, and an unwavering commitment to consumer preferences and regulatory compliance.

One of the primary strategies for enhancing vehicle manufacturing is lean manufacturing and supply chain management. By streamlining operations and reducing waste, manufacturers can increase efficiency and reduce costs, making their vehicles more attractive to both dealerships and consumers. Embracing industry innovation, such as electric vehicle technology and autonomous driving features, also plays a crucial role. These innovations not only cater to the growing consumer demand for environmentally friendly and advanced vehicles but also position manufacturers as leaders in automotive technology.

On the sales front, automotive marketing has evolved significantly, with digital platforms becoming increasingly important. Car dealerships now leverage online marketing, virtual showrooms, and digital communication tools to reach potential buyers. Personalized marketing, based on detailed analysis of consumer preferences and behaviors, allows dealerships to tailor their messaging and offers, enhancing the customer buying experience.

Aftermarket parts and automotive repair services offer additional opportunities to boost revenue and customer loyalty. By providing high-quality, cost-effective alternatives to original equipment manufacturer (OEM) parts, businesses can attract a segment of consumers looking for value without compromising on performance. Furthermore, offering comprehensive vehicle maintenance and repair services helps in building long-term relationships with vehicle owners, encouraging repeat business and referrals.

In addition, the integration of automotive technology in car rental services has revolutionized this sector. Features like online booking systems, keyless entry, and flexible rental periods cater to the modern consumer's desire for convenience and efficiency, thereby increasing customer satisfaction and loyalty.

Understanding and adapting to market trends is also vital. As consumer preferences shift towards more sustainable and technology-driven vehicles, businesses within the automobile industry must align their product offerings and marketing strategies accordingly. Furthermore, regulatory compliance cannot be overlooked. With stringent environmental and safety regulations coming into effect globally, ensuring that vehicles meet these standards is paramount for avoiding costly recalls and maintaining brand integrity.

Lastly, the importance of a seamless customer experience cannot be overstated. From the initial interest phase through to after-sales support, every interaction should be designed to meet or exceed customer expectations. This includes providing transparent pricing, efficient service, and responsive customer support.

In conclusion, the key to revving up success in vehicle manufacturing and automotive sales lies in a blend of embracing technological advancements, understanding and anticipating consumer needs, strategic automotive marketing, and maintaining a sharp focus on quality and regulatory compliance. By adopting these top strategies, businesses within the automobile industry can not only thrive but also drive forward innovation and customer satisfaction.

2. "Navigating the Road Ahead: How Market Trends, Consumer Preferences, and Regulatory Compliance Are Steering the Future of Car Dealerships, Aftermarket Parts, and Vehicle Maintenance Services"

In the rapidly evolving landscape of the Automobile Industry, key players such as Car Dealerships, Aftermarket Parts suppliers, and Vehicle Maintenance services are finding themselves at a critical juncture. The future trajectory of these businesses is significantly influenced by Market Trends, Consumer Preferences, and Regulatory Compliance, which together create a complex framework within which these businesses must operate to achieve success.

Market Trends, driven by advancements in Automotive Technology, are reshaping the foundation of Vehicle Manufacturing and Automotive Sales. Electric vehicles (EVs), autonomous driving features, and connected car technologies are not just buzzwords but are becoming mainstream expectations among consumers. These trends necessitate a shift in the operational and marketing strategies of automotive businesses. For instance, Car Dealerships are now emphasizing the eco-friendliness and tech-savvy aspects of their offerings, aligning with the top preferences of today’s environmentally conscious and digitally connected consumers.

Consumer Preferences have also undergone a significant transformation, with a growing demand for personalized and seamless experiences. This shift impacts everything from Automotive Marketing to the sales floor experience and post-purchase support. In response, businesses are leveraging data analytics and digital tools to offer tailored services and communications. For Aftermarket Parts suppliers and Automotive Repair services, this means understanding vehicle owners' specific needs and preferences to provide customized solutions that enhance vehicle performance and user satisfaction.

Regulatory Compliance remains a critical factor, steering the industry towards safer, cleaner, and more sustainable practices. Stricter emissions standards, safety regulations, and data protection laws are reshaping various aspects of the automotive business, from Supply Chain Management to product development and marketing. Staying ahead of these regulatory changes is crucial for businesses to avoid penalties, maintain customer trust, and gain a competitive edge. For Vehicle Maintenance and Automotive Repair services, this means adopting eco-friendly practices and ensuring that technicians are trained in the latest technologies and compliance standards.

Moreover, the integration of Industry Innovation into business models is becoming a necessity rather than a choice. From adopting new Automotive Technology to embracing innovative Automotive Marketing strategies, businesses need to continually evolve to meet the changing demands of the market and consumers. This includes exploring new revenue streams such as Car Rental Services or expanding into electric vehicle maintenance and repair.

In conclusion, navigating the road ahead for Car Dealerships, Aftermarket Parts suppliers, and Vehicle Maintenance services involves a balanced approach to embracing technological advancements, understanding and adapting to consumer preferences, and ensuring compliance with regulatory requirements. The businesses that succeed will be those that view these challenges as opportunities for growth and innovation, thereby securing their position at the forefront of the Automobile Industry.

In the rapidly evolving landscape of the automotive industry, businesses are continuously challenged to stay ahead in the race of vehicle manufacturing, automotive sales, aftermarket parts, and comprehensive vehicle maintenance services. The pursuit of excellence in these areas is not just about keeping pace with automotive technology and market trends but also about understanding and adapting to the changing consumer preferences and stringent regulatory compliance. As our exploration through the top strategies in the automobile industry and the future outlook for car dealerships, aftermarket parts suppliers, and maintenance services reveals, success hinges on a multifaceted approach.

Key to thriving in this dynamic sector is a robust supply chain management system, innovative industry innovation tactics, and targeted automotive marketing strategies. Businesses that excel in integrating these components are not only able to enhance their service offerings—from automotive repair to car rental services—but also significantly boost their overall market presence. The future of the automotive business, therefore, lies in its ability to embrace change—whether it's through adopting new technologies, delivering on the growing expectations of consumers, or navigating through the complexities of regulatory requirements.

In conclusion, the automotive industry stands at a crossroads of opportunity and challenge. Vehicle manufacturing companies, car dealerships, aftermarket parts suppliers, and vehicle maintenance and repair services must all strive for excellence in a market that demands quality, innovation, and adaptability. By leveraging the insights on industry trends, consumer behavior, and regulatory landscapes discussed, businesses can gear up for a future that promises not just survival but success in the fast-paced world of automotive. As we move forward, the industry's ability to drive forward with confidence will depend on its commitment to continuous improvement, customer satisfaction, and responsiveness to the ever-changing automotive environment.

Tech battle: Chinese chip companies turn to DeepSeek for AI independence push

China's top chip creators, from Moore Threads to Iluvatar Corex, are swiftly integrating the newest models from DeepSeek.

The semiconductor company stated that DeepSeek's open-source V3 and R1 models have significantly advanced AI development and served as a source of motivation for developers.

In order to advance the growth of the local AI environment, Moore Threads plans to make its exclusive KUAE GPU smart computing cluster available to completely back the distributed implementation of DeepSeek's V3 and R1 models. This is the company's statement, pointing to its comprehensive solution for AI data hubs that are built on its own chips.

Huawei's Ascend cloud service depended on its proprietary Ascend solution for computing capabilities. This could include a range of hardware such as the firm's own server clusters, AI modules, and accelerator cards, as per their website.

DeepSeek versus Trump's import charges: what will be the reaction of China's markets in the Year of the Snake?

There's a high probability that investors will proceed with caution as trading begins in the Year of the Snake, while they anticipate the results of discussions between Trump and Xi.

The future of the market is still uncertain due to tense relations between the US and China, but analysts predict that tech firms specializing in AI will benefit from advancements made by DeepSeek. They further noted that businesses in export-heavy industries like textiles, household appliances, electronics, and chemicals could potentially suffer losses.

Investors might opt to remain uninvolved while they anticipate the result of a conversation between US President Donald Trump and Chinese President Xi Jinping this week. The aim of this discussion is to prevent the escalation of a trade war between the two biggest global economies.

Investors are expected to welcome technology companies with enthusiasm due to the arrival of DeepSeek, according to Ivan Li, a portfolio manager at Loyal Wealth Management in Shanghai, who spoke on Tuesday. However, he cautioned that a surge in tech shares alone won't guarantee a strong opening for the comprehensive market post-holiday.

One hour and eighteen

Trump: Chinese AI company DeepSeek's impressive performance is a 'reality check' for the US technology industry.

DeepSeek, headquartered in Hangzhou, unveiled two potent large language models last month, which were constructed utilizing significantly less resources and computational power than their American counterparts. The efficacy of these models was evidenced by their comparable performance with ChatGPT, a generative AI chatbot engineered by the internationally renowned company, OpenAI.

Following the Trump administration's introduction of a 10% tax on Chinese exports during the weekend, Beijing responded on Tuesday. They imposed a 15% tariff on American coal and liquefied natural gas, and a 10% tariff on crude oil, agricultural equipment, high-polluting cars, and pickup trucks.

Shares in China drop in both Hong Kong and the mainland due to uncertainty over tariffs

Tech stocks excel as the allure of the DeepSeek effect attracts investors

Tech stocks excel as the allure of the DeepSeek effect attracts investors

Stock markets in Mainland China and Hong Kong experienced a decline on Wednesday. This was mainly due to investors considering the ongoing trade disputes with the US and the increasing excitement concerning the local artificial intelligence (AI) industry.

The Hang Seng Index experienced a 0.9 per cent decrease, closing at 20,597.09, thus giving up a portion of Tuesday's most significant rise in three months. Meanwhile, the Hang Seng Tech Index saw a 1 per cent drop.

The primary indices on the mainland began strong but eventually fell, as the CSI 300 Index dropped by 0.6 per cent and the Shanghai Composite Index decreased by 0.7 per cent. Tech stocks in both indices showed superior performance.

On the domestic market, Beijing Kingsoft Office Software saw a dramatic increase of 18.2 per cent, reaching 371.11 yuan. Additionally, Kunlun Tech rose by 18 per cent, hitting 43.51 yuan, while iFlyTek experienced a 7.4 per cent growth, reaching a value of 54.43 yuan.

Within the Hang Seng Index, clothing manufacturer Shenzhou International Group Holdings plummeted by 6.5 per cent, falling to HK$58.80. Concurrently, Nongfu Spring also experienced a decrease of 6.9 per cent, dropping to HK$34.85.

Technology shares generally performed poorly, with JD.com experiencing a 3.5 per cent decline to HK$156.50 and Trip.com seeing a 6.4 per cent drop to HK$534. Additionally, the Beijing-based computing platform, Kingsoft Cloud, saw a 4.4 per cent decrease to HK$8.20.

US elimination of duty-free status for less expensive or "de minimis" items has impacted Chinese online retail firms. "The effects have become evident following the recent surge in technology stocks," explains Dickie Wong, executive director at Kingston Securities.

Hollywood is pushing back against OpenAI's video creation tool, Sora, due to data and labor issues. OpenAI has been in discussions for months with major studios like Disney and Warner Bros, but the 2023 labor strikes make it a tough proposition.

OpenAI has been in communication for several months with top-tier production houses such as Walt Disney, Universal Pictures owned by Comcast, and Warner Bros Discovery. These talks have centered around the artistic and business possibilities of Sora, as per sources privy to these discussions. OpenAI has contemplated developing a customized variant of the AI tool for a studio's exclusive use in its projects, according to these sources who chose to remain anonymous due to the sensitive nature of the discussions.

Despite ongoing discussions, no agreements have been reached yet. Film studios are hesitant to collaborate with an AI firm, apprehensive about potential misuse of their data and risk of upsetting the labor unions they interact with daily. Fears surrounding the application of artificial intelligence played a significant role in two labor strikes that brought Hollywood to a standstill in 2023. Both scriptwriters and performers persistently encourage Hollywood studios to monitor tech firms and safeguard their work from unauthorized usage.

Quarter to Two

Cartoon series created by Chinese artificial intelligence aired on national TV

OpenAI has expressed that it might be too early to hastily enter into business collaborations for the product.

"Brad Lightcap, the Chief Operating Officer of OpenAI, commented at a January conference, 'We are still in the initial stages with Sora.' He believes that to ensure success, it's not enough to simply announce, 'We have a model, let's push for a partnership.' Lightcap highlighted that the company is actively involved with the industry, and views their feedback as extremely beneficial."

Xiaomi's market worth exceeding a trillion Hong Kong dollars and autonomous driving elements in China's latest vehicles: 5 key updates on electric vehicles

Xiaomi's market cap exceeding a trillion Hong Kong dollars and the introduction of autonomous driving capabilities in new Chinese cars are among the five electric vehicle updates you might have overlooked.

1. Xiaomi's market worth exceeds HK$1 trillion due to optimistic outlook on EV sector

For the first time, Xiaomi's market worth has surpassed HK$1 trillion (US$128.4 billion), as its shares soared to a record high. The third-largest smartphone producer in China is experiencing the advantages of branching out into the production of electric vehicles (EVs).

2. China plans to introduce 15 million self-driving EVs this year

Approximately 15 million new vehicles, including those priced less than 100,000 yuan (US$13,914), are slated to hit Chinese roads this year, equipped with basic self-driving capabilities. This development is due to the decreasing costs of this technology, as per industry projections.

3. Long-distance routes prove more cost-effective with electric trucks than diesel ones, says specialist.

Eggslut and The Ark, popular eateries, are set to close their locations in Hong Kong amidst retail turmoil. The Ark, a renowned burger spot, is expected to shut down its Russell Street location by the end of this week. It aims to move to Shenzhen in response to changing consumer spending habits.

A growing number of restaurant owners in Hong Kong are either closing up shop or relocating their businesses due to a progressively difficult retail landscape. This comes as local citizens choose to spend their money outside the city, and mainland Chinese tourists are becoming more frugal with their shopping and dining expenses.

"Eggslut is profoundly thankful to both Hong Kong and its citizens for their backing," the company expressed in an Instagram post, promising to "reorganize and make a comeback" when the time is right. "The extensive lines, the happiness displayed by our patrons, and every virtual thumbs-up and share – these instances will always hold a special place in our hearts."

Four thirty-six

Residents of Hong Kong are searching for deals on items such as roast chicken and soap at a US bulk goods store located in mainland China.

The only Eggslut branch in Hong Kong, which started its operations in June 2023 and quickly became popular with its fashionable menu, announced it would shut down on February 23.