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Month: December 2021

Posted on 06/12/2021

Hong Kong’s New World to Build Homes for Sale at Half Price

New World Development Co. outlined plans to sell homes at half of their market price, helping address the city’s housing crisis that’s become a flashpoint for social grievances. ( read original story ...)

Posted on 06/12/2021

Ping An Co-CEO Sees Greater Bay Area Opportunity for Hong Kong with Three Challenges ahead

Hong Kong, as an international financial center, is positioned to play an important role in the building of the Greater Bay Area, says Jessica Tan, Co-CEO of Ping An Insurance Company of China, Ltd.. ( read original story ...)

Posted on 06/12/2021

Hong Kong warns WSJ of ‘incitement’ in editorial

Hong Kong's government has warned the Wall Street Journal it may have broken the law by publishing an editorial that said casting blank ballots was one of the "last ways" for residents to voice ... ( read original story ...)

Posted on 06/12/2021

SenseTime shrinks Hong Kong IPO size by 62 per cent to US$768 million, as Chinese tech sell-off undermines valuation

China's largest artificial intelligence company will kick off its global stock offering on Tuesday SenseTime will raise as much as US$768 million at top-end of the IPO price range, versus previously ... ( read original story ...)

Posted on 06/12/2021

Hong Kong’s Hang Seng drops 1% as tech shares fall; investors monitor bitcoin volatility

Stocks in Hong Kong dropped on Monday, while investors monitored bitcoin prices after they fell sharply over the weekend. Oil prices jumped during Asia trade. Hong Kong’s Hang Seng index fell 1.26%, ... ( read original story ...)

Posted on 06/12/2021

Omicron’s spread across hotel hall in Hong Kong highlights transmission worry

The Omicron variant spread between two fully vaccinated travellers across the hallway of a Hong Kong quarantine hotel, underscoring why the highly mutated coronavirus strain is unnerving health ... ( read original story ...)

Posted on 06/12/2021

From Skadden to Grab: Chris Betts Answers a Different Calling

Christopher Betts left Skadden, Arps, Slate, Meagher & Flom’s Hong Kong corporate practice earlier this year. He was one of their star partners. He joined Southeast Asia’s beacon start-up Grab ... ( read original story ...)

Posted on 06/12/2021

Didi delisted from New York Stock Exchange as China cracks down

The Chinese ride-hailing giant Didi Chuxing’s announcement that it will delist its shares from the New York Stock Exchange sounds the death knell for Chinese IPOs in America. ( read original story ...)

Posted on 06/12/2021

Wall Street romance with Chinese big tech comes to an end

The Chinese ride-hailing giant Didi Chuxing's announcement that it will delist its shares from the New York Stock Exchange marks the end of a cushy relationship between Wall Street and Chinese tech ... ( read original story ...)

Posted on 06/12/2021

Chinese AI startup SenseTime Group to raise $767 million in Hong Kong IPO

Eight cornerstone investors have signed up for the IPO and subscribed for $450 million, or 58.6% of the deal, before its launch. ( read original story ...)

Posted on 06/12/2021

Hong Kong Chronicles Institute’s latest book focuses on city’s key role in China’s reform and opening up since 1978

China may not have transformed and opened up to the world without Hong Kong, says book editor Changes on mainland led city to change course, develop into global financial centre it is today A new ... ( read original story ...)

Posted on 06/12/2021

SenseTime seeks to raise up to $1.05 billion in Hong Kong IPO

China's biggest artificial intelligence firm SenseTime Group is seeking to raise as much as US$768 million (S$1.05 billion) from a Hong Kong initial public offering in a test of investor appetite in ... ( read original story ...)

Posted on 06/12/2021

Shrinking talent pool and higher demand for hybrid jobs further drive challenges to hiring talent in Hong Kong

The job market in Hong Kong is being driven by a combination of rising confidence in the market, shifts in the talent demand and rapid development of technologies post-pandemic, according to the ... ( read original story ...)

Posted on 06/12/2021

SenseTime launches Hong Kong IPO to raise up to $767 mln -term sheet

Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering, according to a term sheet seen by Reuters. ( read original story ...)

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