Lufax hopes to go public in the US, aiming to raise $2.4 billion at a valuation of around $30 billion, and expects to start trading on October 30. ( read original story ...)
China’s Ant Group prices Shanghai IPO leg at 68.8 yuan per share
China's Ant Group Co Ltd 688688.SS on Monday set the pricing for the Shanghai leg of its mega dual-listing at 68.8 yuan ($10.27) per share, the company said in a filing to the local exchange. Ant ... ( read original story ...)
Fast-fashion heiress asks shoppers to buy less in green push
Textile heiress Veronica Chou is joining a growing list of start-ups seeking to key into shoppers concerned about the impact on the environment. ( read original story ...)
TikTok parent ByteDance in early IPO talks to list businesses including short video app Douyin
Chinese technology giant ByteDance is in early stage talks to take some of its business including Douyin public, a person familiar with the matter told CNBC. ( read original story ...)
ByteDance in preliminary talks to list Chinese short video app Douyin in Hong Kong – sources
TikTok-owner ByteDance is in discussions to list its Chinese short video app Douyin in Hong Kong, according to two people familiar with the situation. ( read original story ...)
Jack Ma’s Ant Group Sets Price for Record $35 Billion IPO
Ant Group Co. has set the price for its initial public offering in Shanghai, paving the way for a blockbuster sale that may give the Chinese fintech giant a valuation higher than JPMorgan Chase & Co. ( read original story ...)
Hong Kong entrepreneur provides template for start-ups to think big and succeed in Greater Bay Area
A Hong Kong start-up’s experience shows how the Greater Bay Area can help businesses overcome two major hurdles in the city – high land and labour costs. ( read original story ...)
Ant Group Sets Price for IPO That May Reach Record $35 Billion
That would value the China portion of the sale at as much as $17.3 billion, or close to $35 billion for the dual listing including the Hong Kong leg. Jack Ma Photographer: Kiyoshi Ota/Bloomberg Ant’s ... ( read original story ...)
‘Lower-for-longer’ interest rates could weigh on HSBC and other Hong Kong lenders’ third quarter results, analysts say
HSBC, Standard Chartered may benefit from a better trading environment in the third quarter, but net interest margin pressure likely continued, analysts said. ( read original story ...)
Airline industry carnage leaves Hong Kong families struggling but billionaires are sitting pretty
Billionaires’ wealth has increased during the pandemic while the aviation industry is mired in crisis. The thousands employed at Hong Kong airport and in tourism appear set for even more hardship, ... ( read original story ...)
Hong Kong travel agents fear cash squeeze as Cathay Pacific targets tickets sales in money-saving move
Industry group fears commission earnings could take a hit and accuses airline of trying to undercut its members in row over ticket sales. ( read original story ...)
Coronavirus: Hong Kong resumes local tours with groups of up to 30 people but business outlook bleak
Groups of Hongkongers gathered outside dim sum restaurants and MTR stations on Saturday morning as part of local tours that resumed after months of suspension.But operators said revenue was “not ... ( read original story ...)
Museum of History must reflect the truth of Hong Kong
From enrolling children into elite schools and snapping up new mobile phones, Hongkongers are known for their penchant for joining queues for almost anything. But the rush to visit the Museum of ... ( read original story ...)
Hong Kong to offer more help to young people seeking to do internships, business on mainland, but city shouldn’t fear marginalisation, local No 2 says
Hong Kong authorities will step up the amount of help offered to local young people looking to take up internships or set up businesses in mainland China, the city's deputy leader has said, noting ... ( read original story ...)