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RTHK
3 hours ago
- RTHK
HK's National Games merch blends spirit and city icons
HK's National Games merch blends spirit and city icons Rosanna Law said the products embody the spirit of the Games, while incorporating elements of the city. Photo: RTHK Secretary for Culture, Sports and Tourism Rosanna Law on Saturday said that official merchandise for Hong Kong's participation in this year's National Games will uniquely blend the spirit of the event with iconic elements of the city. Hong Kong is set to co-host the Games for the first time in November alongside Guangdong and Macau. Speaking at the launch ceremony for the Hong Kong competition region's official franchised products, Law emphasised the local character of the merchandise. "These products embody the spirit of the Games while incorporating elements like the scenery of Victoria Harbour, city landmarks and local cuisine, showcasing the unique charm of the Hong Kong competition region," she said. The merchandise, featuring the National Games mascots "Xiyangyang" and "Lerongrong" alongside Hong Kong-specific imagery such as Tai O and the Star Ferry, will go on sale starting Monday. Law said initial purchase locations include the Kai Tak Mall, West Kowloon Station and Wan Chai Immigration Tower. "In the future, we will gradually expand to more locations across Hong Kong for the convenience of citizens and tourists. The licensed merchandise retailers will also introduce products from the Guangdong competition zone for sale in Hong Kong," she said. Product offerings range from plush toys and pins to cups and other commemorative items. Regarding the Games themselves, Law said that preparations were progressing smoothly, and she encouraged the public to support the SAR delegation during the competition.
South China Morning Post
3 hours ago
- South China Morning Post
Chinese unicorn Moonshot launches AI model Kimi K2 in red-hot open-source market
Chinese start-up Moonshot AI has released a new open-source artificial intelligence (AI) model, called Kimi K2, that is touted to excel in frontier knowledge, maths, coding and general agentic tasks, as the company looks to maintain an edge against rivals such as DeepSeek Advertisement Beijing -based Moonshot said Kimi K2 was developed with a mixture-of-experts (MoE) architecture and boasts 1 trillion total parameters, with 32 billion so-called activated parameters – specialised computational units engaged for specific tasks, according to the firm's blog post on Friday. MoE is a machine-learning approach that divides an AI model into separate sub-networks, or experts – each focused on a subset of the input data – to jointly perform a task. This is said to greatly reduce computation costs during pre-training and achieve faster performance during inference time. Moonshot said it open-sourced two versions of Kimi K2. The foundation model, Kimi-K2-Base, was optimised for researchers and builders who want full control for fine-tuning and custom solutions. By contrast, Kimi-K2-Instruct was post-trained for drop-in, general-purpose chat and agentic AI experiences. Kimi K2 is now freely available via its web and mobile applications. Advertisement Moonshot's latest AI model reflects a broader trend in the industry towards open-source development, which has enabled developers – from start-ups like DeepSeek to larger tech firms such as Baidu and Alibaba Cloud – to improve efficiency and attain broader adoption of their AI products. The open-source approach gives public access to a program's source code, allowing third-party software developers to modify or share its design, fix broken links or scale up its capabilities.
South China Morning Post
5 hours ago
- South China Morning Post
Plunging pork and poultry prices put pressure on Chinese farmers
China's major protein categories – from pork to poultry – fell into a severe state of oversupply in the first half of this year, with prices declining across the board and widespread losses throughout the supply chain. Analysts said weak end-market demand and high inventory levels are weighing heavily on the breeding sector, and that while marginal improvements are expected in the second half of the year, the overall scope for recovery remains limited. The trend highlights the fragility of China's economic recovery under persistent deflationary pressure, with losses now common among livestock farmers. Many farmers have taken to social media to lament their plight. 'I haven't made any money since February, and I can't afford to replace the cages even though they're broken,' a farmer in Shandong province said on Monday in a post on Douyin, China's version of TikTok, adding that she was losing over 300 yuan (US$42) a day on her more than 6,000 egg-laying hens. China's consumer price index, a key gauge of inflation, entered positive territory in June for the first time since January, but food prices were down 0.3 per cent year on year, the fifth straight month of decline, Lynn Song, Greater China chief economist at Dutch bank ING, said on Wednesday. Most types of food remained in deflationary territory, with the price of pork, down 8.5 per cent, and the price of eggs, down 7.7 per cent, exerting the most downward pressure. Aquatic products, up 3.4 per cent, and fruit, up 6.1 per cent, were among the few categories that saw price increases.
