Hong Kong Considers Major Tax Cuts for Asset Managers
Hong Kong is weighing 'big bang' tax cuts for asset managers, potentially expanding the carried interest regime to include zero levies on performance fees for hedge funds.
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Hong Kong is weighing 'big bang' tax cuts for asset managers, potentially expanding the carried interest regime to include zero levies on performance fees for hedge funds.

Chinese open-source artificial intelligence models, led by those from MiniMax AI and Moonshot AI, have topped global token usage, ending a year of market dominance for US developers, according to data from OpenRouter. Online AI hosting platform OpenRouter’s latest ranking reflected the increased international demand for Chinese open-source models on its site following a series of new releases. Launched around two weeks ago, the M2.5 from Shanghai-based MiniMax emerged as the most popular AI...
Cursor has acknowledged that its recently developed coding model was constructed using technology from Moonshot AI's Kimi, revealing the underlying architecture of its new offering.
Anthropic said DeepSeek, Moonshot AI, and MiniMax used a technique known as "distillation"

Moonshot AI, a Chinese artificial intelligence startup, is reportedly seeking to raise up to US$1 billion in an expanded funding round, which would value the company at approximately US$18 billion, quadrupling its valuation in three months.

Chinese AI startup Moonshot AI, known for its Kimi artificial intelligence models, is reportedly targeting a $12 billion valuation after securing an additional $700 million in funding, driven by a surge in overseas revenue.