In 2026, Reddit’s data licensing agreement with Google, reportedly worth about US$60 million per year, is set to expire and come up for renewal. Together with a sister agreement signed with OpenAI around the same period, the two deals currently contribute roughly US$130 million in annualized data licensing revenue to Reddit.

Recently, Interactive Brokers announced that users can now connect large language models like ChatGPT, Claude, and Grok directly to their investment accounts for market research, portfolio analysis, and even trade generation. Large language models are evolving from conversation tools that simply answer questions and generate content into intelligent agents capable of calling external tools, connecting to real-world systems, and participating in complex decision-making.

In the past, buying things online was a bit like going on a blind date. First, you check out the photos—mm, looking sharp. Then, you read the bio—genuine, professional, and trustworthy. Finally, you look at the reviews—five stars, repurchased three times, buy it with your eyes closed. So, you place the order, silently whispering to yourself: ‘Even though we’ve never met, I’m willing to bet you’re not a catfish.

SpaceX’s landmark IPO filing — targeting a valuation of up to US$2 trillion — puts the eternal tension between narrative and numbers on full display. Despite 33% revenue growth in 2025, the company posted a US$4.9 billion net loss, with a price-to-sales ratio of roughly 95x. Prof. Yifei Zhang breaks down SpaceX’s three business segments: the cash-generating Starlink, the loss-making xAI, and the cost-disrupting rocket business. Most independent analyses peg fair value well below the asking price. Prof. Zhang cautions retail investors on governance risks, tax traps, and the fact that Starlink remains banned in Hong Kong, Macau, and Mainland

The history of global commerce over the past half-century features two indelible spectacles. The first is the global sweep of American titans like General Motors, Coca-Cola, McDonald’s, Starbucks, Nike, Apple, and Tesla. The second is the aggressive overseas expansion of Japanese giants such as Toyota, Sony, and Fast Retailing.

In recent years, as the two-way investment landscape between China and the rest of the world has markedly changed, the scope of Hong Kong’s bridging role has also expanded. To analyse this evolution and the development opportunities it presents, it is necessary to examine trends in the data on China’s realized foreign direct investment (FDI) and outward foreign direct investment (ODI).

In the middle of last month, Standard Chartered Group announced that it planned to cut over 15% of its back-office and support roles by 2030, affecting nearly 8,000 employees. At an investor briefing, Chief Executive Bill Winters said that the bank’s strategy was “not simply about cutting costs” but, in certain cases, about replacing “lower-value human capital” with financial and investment capital.

Over the past few months, there has been a lot of discussion in the tech world regarding the shortcomings of OpenClaw (popularly known as “Lobster”). These issues include unpredictable behavior, accidental data loss, skyrocketing computing costs, and the risk of becoming a channel for hacker attacks.