Danielle Eugenia Popov

1 month ago | scmp.com | Lam Ka-sing |Danielle Eugenia Popov

CK Hutchison Holdings needs a war chest to maintain its fiscal health in the face of escalating geopolitical tensions, its chairman Victor Li Tzar-kuoi has said, with senior managers assuring the US$23 billion deal involving two Panama ports will comply with regulations. At the conglomerate’s annual general meeting on Thursday, Li said that many uncertainties were arising from geopolitics and the tariff policies of various countries, adding he “dared not” to forecast global economic development.

1 month ago | scmp.com | Peggy Sito |Danielle Eugenia Popov

Chinese companies are stepping up efforts to unlock business opportunities in the Middle East to hedge against worsening US-China trade ties, hoping to use the region as a springboard to expand into new markets in Africa and Europe. They include Hong Kong start-up NEXX Global, a logistics platform operator backed by CK Asset Holdings, and Beijing-based franchise platform operator Tojoy, according to the company officials.

2 months ago | scmp.com | Danielle Eugenia Popov |Daniel Ren

China’s car shipments are projected to cool this year due to geopolitical tensions following two years of rapid growth, while US tariffs will saddle the nation’s auto industry with an additional US$46 billion in export costs, according to management consultancy AlixPartners. Auto exports would climb by about 4 per cent to 6.7 million units in 2025, the firm said in a report on Thursday.

2 months ago | scmp.com | Danielle Eugenia Popov |Aileen Chuang

Digital wallets are on track to become the dominant payment method in Hong Kong by 2030, accounting for nearly half of all online and in-store transactions, marking a significant shift away from traditional credit card payments, according to a new report.