Sensible decision: Hong Kong-based AI startup Sensetime’s valuation is now around US$7.5 billion, the company says, but it is in no rush to go public. Caixin takes a closer look.
Alibaba takes Kaola: The mega-merger in Chinese e-commerce has finally gone through, as Alibaba announced a US$2 billion deal today to buy Kaola.com from Netease. Technode has the lowdown.
CY off the hook? Hong Kong’s former embattled Chief Executive, Leung Chun-ying, can breathe a little easier after the High Court rejected a bid for Judicial Review of his case involving payments from a firm before and after he took office. SCMP has more.