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South China Morning Post
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How entrepreneur and social media star Simon Squibb is helping people achieve their dreams
With 17 million followers and over 500 million monthly views across his social media platforms, Simon Squibb has built an audience most influencers can only dream of. He has become one of the world's most influential voices in the realm of entrepreneurship, largely down to his approach – which is far from boring or didactic. His viral short videos – one has an accumulated watch time of 23 years – follow a similar formula. Squibb walks up to strangers, asks about their dreams and then offers business advice and sometimes even investment. The format has struck a chord with younger generations. But unlike most full-time influencers, Squibb is not motivated by money or fame. Simon Squibb has become known for his videos in which he asks people on the street about their dreams and offers business advice. Photo: Instagram/simonsquibb Not only did he achieve financial freedom and retire with his wife a decade ago, but he also finds fame more burdensome than enjoyable. 'Being famous is not a good idea – but if you have a purpose, the influence is totally worth it. I love the influence. I hate the fame,' Squibb says over coffee at Hong Kong's IFC Mall.
South China Morning Post
38 minutes ago
- South China Morning Post
ChinaJoy 2025: Tencent, Huawei and smaller studios leverage AI to boost video gaming
Chinese video gaming companies are doubling down on artificial intelligence to enhance their titles and explore new growth opportunities, driven by rapid advances in AI models, according to executives at ChinaJoy – the country's largest annual digital entertainment expo. The four-day event in Shanghai drew a surge of AI companies eager to forge or deepen partnerships with local studios focused on adopting AI-driven technologies. Huawei Technologies , the Shenzhen-based telecommunications equipment giant, took centre stage with a large booth showcasing the HarmonyOS operating system, its Android alternative that is gaining traction among Chinese game developers. More than 6,500 games have launched on HarmonyOS so far, including popular titles like Anipop and Subway Surfers. Huawei said its AI agent Xiaoyi, also known as Celia, enhanced the mobile gaming experience by blocking calls and messages and answering player questions in real time. In the first half of this year, sales in China's video gaming market rose 14 per cent from a year earlier to a record high of 168 billion yuan (US$23.4 billion), according to a report from the Gaming Publishing Committee of the China Audio-Video and Digital Publishing Association. That growth rate outpaced the 2 per cent increase seen during the same period last year, fuelled by increased government support and the industry's accelerated adoption of AI technologies, the group said.
South China Morning Post
an hour ago
- South China Morning Post
Bull market helping Exchange Fund contribute to city's recovery
Hong Kong's Exchange Fund currently has an embarrassment of riches . The stock market rally and a stabilised bond market have helped the city's main financial war chest earn its biggest interim return in more than two decades. The outperformance of the fund – which is used to support our currency peg to the US dollar – reflects the recent rally in the stock market as well as in other major assets. Its first-half earnings jumped by 76.6 per cent to HK$194 billion (US$24.7 billion), surpassing the 2019 record of HK$178.4 billion. The 8 per cent annual increase took the fund's total assets to HK$4.297 trillion at the end of June. It certainly helped that the Hang Seng Index rose by about 20 per cent during that period, making it one of the world's best performers, although the fund earned less from foreign stocks. In bonds, the fund booked returns of HK$75.3 billion, compared with HK$57.9 billion from the same period in the previous year. A fall in the US dollar also meant significant gains in foreign-exchange appreciation from the fund's holdings of non-US dollar assets. That translated into a HK$56.8 billion gain, against a loss of HK$16.3 billion a year ago. While the fund is operated independently by the Hong Kong Monetary Authority (HKMA), government officials are no doubt looking forward to a contribution from the returns. The fund is expected to pay HK$8.5 billion in the first half into the government's fiscal reserves, a jump from HK$7 billion at the same time last year.
