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BUSINESSOct 2Cutting New World ties over 11 Skies averts ‘lose-lose’ deal: Airport AuthorityThe Airport Authority has averted a “lose-lose situation” by terminating a nearly 50-year contract with Hong Kong developer New World Development for the 11 Skies commercial project, with most facilities set to open in 2028, the statutory body’s directors have said. Julian Lee Pui-hang, the authority’s executive director for finance, said on Friday that the organisation could no longer work with a debt-ridden partner on the ambitious development and that the project needed to be brought...South China Morning Post
BUSINESSOct 2Starbucks faces US lawmaker call to close new Xinjiang storesStarbucks is facing calls from a US lawmaker to close its new stores in Xinjiang. This indicates political pressure on a global corporation regarding its operations in a region with human rights concerns.Seeking Alpha Tech
BUSINESSOct 2MTR Corp pays out HK$2.25 billion for high-speed rail construction delaysThe MTR Corporation will hand over HK$2.25 billion (US$287 million) to the Hong Kong government as a one-off settlement for the delayed completion of the high-speed rail line, while reaching a consensus to avoid a payout over hurdles affecting the Sha Tin to Central Link. While the transport firm oversaw the design, construction, testing and operation of the two projects, both are owned by the government and involved public funds. Under the arrangements announced on Friday, the MTR Corp will pay...South China Morning Post
BUSINESSOct 2US arrests man over alleged smuggling of US$300 million worth of computer servers to China - CNAUS arrests man over alleged smuggling of US$300 million worth of computer servers to China CNA See more headlines and perspectives on Google Newsgoogle · singapore
BUSINESSOct 2McDonald’s sells Hong Kong shop for US$15.3 million as ‘old money’ returns to retailAs “long-dormant old money” steps back into Hong Kong’s retail property market, McDonald’s has sold the property housing its first New Territories restaurant for HK$120 million (US$15.3 million), extending its year-long sell-down of self-owned shops. The property at 10-22 Tsuen Wan Market Street, spanning the ground floor to the second floor, was sold to Keen Charm Holdings (HK) Limited, with the agreement for sale signed on August 31, according to the Land Registry. Company Registry listed Ngan...South China Morning Post
BUSINESSOct 2First Solar files patent infringement lawsuit against China's JA Solar, Corning subsidiaryFirst Solar has filed a patent infringement lawsuit against JA Solar from China and a Corning subsidiary. This legal action concerns intellectual property in the solar industry.Seeking Alpha Tech
BUSINESSOct 2Trump wants South Korea in on Alaska LNG. Here’s why Seoul is cautiousSouth Korea remains cautious on Alaska LNG amid concerns over its high costs and commercial risks.CNBC
BUSINESSOct 2Big Pharma turns to China for new drugs as patent cliff drives multibillion-dollar dealsWestern biopharma companies are increasingly turning to China to source innovation, as pharma's dreaded "patent cliff" draws closer.CNBC
BUSINESSOct 2TNL Mediagene jumps 30% on $5.5M deal to sell Japanese businessTNL Mediagene's stock price increased by 30% following a $5.5 million deal to sell its Japanese business. This transaction represents a significant business development for the company.Seeking Alpha Tech
BUSINESSOct 2AirAsia chief mocks Singapore Airlines’ food – and social media hits backAirAsia co-founder Tony Fernandes has caused a stir online after taking aim at Singapore Airlines’ (SIA) in-flight meals, claiming the food served by the carrier lagged behind his own airline’s offerings. “Just flew with Singapore Airlines, couldn’t get AirAsia, service was great, internet amazing, food was poor, Santan is far far better and crew admitted. Great flight but we are not far off,” Fernandes wrote in a social media post on Thursday, referring to AirAsia’s in-flight dining brand. The...South China Morning Post
BUSINESSOct 2Hong Kong IPOs falter, China aids homebuyers, EU trade talksHong Kong stock debuts are losing steam as a deluge of initial public offerings (IPOs) overwhelms investor appetite. Seven of September’s 12 IPOs fell on the first day of trading, raising the third-quarter total to 15 flops out of 31, based on Bloomberg data. By contrast, there were only 14 declines among 77 debuts in the first half of the year. Medcaptain Medical Technology led September’s first-day flops, plunging 43 per cent. Fast-fashion giant Shein tumbled as much as 10 per cent on its...South China Morning Post
BUSINESSOct 2Consumer spending picks up in Hong Kong, with retail sales rising 5.6% in AugustHong Kong’s retail sales rose by 5.6 per cent year on year in August, with the latest figures showing consumer spending picking up after growth eased for two consecutive months. Retail sales value reached HK$32 billion (US$4.1 billion), according to provisional figures released by the Census and Statistics Department on Friday. Sales in the first eight months of the year rose by 8.5 per cent compared with the same period in 2025. “Growth was seen across many types of retail outlets, while online...South China Morning Post
BUSINESSOct 2iQIYI AIGC Series "The Ferry Man" Exceeds RMB 8 Million in Revenue-Sharing as Third Instalment Debuts on October 1BEIJING , Oct. 2, 2026 /PRNewswire/ -- iQIYI, China's leading online entertainment platform, announced that the cumulative revenue-sharing, a model where production partners share earnings with iQIYI based on viewership, box office for its AIGC film series "The Ferry Man" has surpassed RMB 8 million (US$1.2 million) as of September 23, marking a new milestone for the series. This comes as the third instalment, "The Ferry Man: The Dream of the Princess", debuts on October 1 on iQIYI and iQIYI International. iQIYI Produced by iQIYI and GHY Culture & Media, the series' first two titles, "The Ferry Man: Butterfly Dream" and "The Ferry Man: The Dream of the Celestial Maiden", were released simultaneously on August 22 on iQIYI and iQIYI International, and quickly gained commercial traction, reflecting growing market confidence in iQIYI's AI-driven premium content. Rooted in traditional Chinese culture, "The Ferry Man" is an established IP spanning long-form drama, online films, musicals, and short-form series, blending mythology, folklore, and contemporary themes. The new films use AI production to render classical Chinese philosophical imagery as cinematic worlds. Redefining Production Efficiency The success of "The Ferry Man" series demonstrates a robust end-to-end AIGC value chain, one that successfully integrates production efficiency, market validation, and strong financial returns. By incorporating AI into its core workflow, iQIYI has fundamentally optimized the filmmaking process. According to Zhichao LI, producer of the series, the first two films moved from project initiation to launch in less than four months. "AI significantly improved efficiency during the preparation and production stages," Li said, noting that the script development and post-production processes remained largely consistent with traditional film and television workflows. During production, AIGC was used to generate visual assets for concept design, sets, props, and other art elements, which could then be directly turned into video based on the director's creative requirements. This simplified parts of the traditional production process, including physical shoots and scene transitions, while giving creators greater flexibility. For a key scene in "The Ferry Man: The Dream of the Celestial Maiden", AI generation also streamlined a process that would traditionally involve months of visual effects and green-screen production, significantly improving production efficiency and making complex scenes more feasible to produce. Leveraging Digital Assets for Long-Term Value Unlike traditional productions, "The Ferry Man" series builds lasting digital asset value through AIGC. The three lead actors licensed their likenesses and provided their own voiceovers, with digital character assets, scenes, and props developed as standardized, reusable assets. These assets enable the upcoming third film to maintain visual consistency while significantly reducing production costs, establishing a scalable model for serialized content development. Market Validation through Data-Driven Models The commercial performance of "The Ferry Man" series further validates the viability of AIGC content as a financially sustainable production model. Through iQIYI's revenue-sharing model, the series recovered its full production costs within the first week and surpassed RMB8 million in cumulative box office within the first month, with figures continuing to grow. This rapid market feedback also enables producers to adjust subsequent creative decisions in a timely manner, reducing the time and cost of iteration. The series also builds on iQIYI's continued exploration of long-form AIGC filmmaking, following "Mystic Tales - The Spider Lady's Vendetta" — China's first AIGC internet feature film released under an Internet Drama and Film Distribution License. iQIYI Press press@qiyi.comen_prnasisa · uzbekistan
BUSINESSOct 2Hong Kong ranks 7th globally in drawing next wealthy class – trailing Singapore: studyHong Kong ranked seventh globally as a destination for attracting and retaining the next generation of high-net-worth individuals (HNWIs), trailing traditional rival Singapore in sixth place, according to a Savills study. The two top finance hubs in the Asia-Pacific region have been stepping up efforts to strengthen their positions as regional wealth-management hubs amid an unprecedented global transfer of wealth between generations. “Hong Kong offers many incentives similar to Singapore,”...South China Morning Post
BUSINESSOct 2Mah Sing and Kinergy collaborate to explore DC power solutionsProperty developer Mah Sing Group Bhd and sustainable energy engineering specialist Kinergy Advancement Bhd have signed a non-binding and non-exclusive collaboration agreement to evaluate suitable captive power plant (CPP) and Corporate Renewable Energy Supply Scheme (Cress) solutions for the former's proposed data centre (DC) developments at Southville City, Bangi, Selangor and Meridin East, Pasir Gudang, Johor.thestar_my · malaysia
BUSINESSOct 2Mainland Chinese visitors pack Hong Kong shopping centres on day 2 of National Day breakMainland Chinese visitors have flocked to Hong Kong’s shops and malls on the second day of the National Day “golden week” holiday, with some looking for outdoor gear and others browsing the city’s bookstores. Hong Kong recorded over 277,300 mainland arrivals on Thursday – the first day of the week-long break – representing about 47 per cent of total inbound passengers for the day, according to immigration figures. The city welcomed over 68,800 mainland arrivals on Friday as of 10am. By then,...South China Morning Post
BUSINESSOct 2Rain dampens visitor numbers at Hong Kong attractions on day 2 of ‘golden week’Rain dampened visitor numbers at some of Hong Kong’s popular attractions on Friday morning, the second day of the National Day “golden week” holiday. Queues at the Peak Tram terminus in Central remained short, with passengers waiting less than an hour to board. Among them was Jasper Huang, a mechanical engineer in his twenties from Xiamen, Fujian province, who was visiting Hong Kong with friends for four days. “We plan to visit some famous spots like Victoria Harbour and the streets of Central,...South China Morning Post
BUSINESSOct 2Malaysia manufacturing sector ends Q3 broadly stableMalaysia's manufacturing sector concluded the third quarter with overall stability. This report provides an update on the country's economic performance in a key industry.malaysiasun.com · Malaysia
BUSINESSOct 2Hardly any buyers for Singapore luxury condos seized in money-laundering caseThe first apartment came up for auction and nobody moved. More than 60 people crowded into a room in Singapore to watch seven properties seized in one of the world’s biggest money-laundering cases go under the hammer. Their opening prices totalled more than S$43 million (US$33.6 million). But when bidding began for a luxury unit at Gramercy Park, an upscale condominium near the city state’s Orchard Road shopping district, not a single hand went up. Next came a 2,658 sq ft (247 square metres)...South China Morning Post
BUSINESSOct 2Return of 11 Skies project to Airport Authority will spur hub development: expertsHong Kong airport authorities’ move to take back the 11 Skies mall project will catalyse the development of its aviation hub, a government adviser and a hospitality sector expert have said, calling for better access and immersive entertainment to attract visitors. Their remarks came on Friday, two days after developer New World Development (NWD) announced it would return the project to the Airport Authority next year – including an entertainment complex and three office towers – and provide cash...South China Morning Post
BUSINESSOct 2Asian equities mostly lower amid bond volatility, oil pressuresSeeking Alpha Tech
BUSINESSOct 2Japan's unemployment rate rises to 2.5% in August, above expectationsSeeking Alpha Tech
BUSINESSOct 2Jewelry giant Pandora is getting on lab-grown diamonds and hoping a new Vietnam plant helps growth in AsiaPandora is expanding its manufacturing footprint beyond Thailand with a new $150 million Vietnam facility as the Danish jeweler eyes further growth across Asia.CNBC
BUSINESSOct 2Asian shares fall after wild swings in bonds , FX before US jobs data – KSEV RadioAsian stock markets experienced a decline following significant fluctuations in bond and foreign exchange markets, ahead of the release of key US jobs data. This indicates global market sensitivity to economic indicators.ksevradio.com · United States
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