Situation at Wong Tai Sin station during morning rush hour largely smooth, with passengers seen exiting and entering trains as normal.
Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle
In a filing to the Hong Kong stock exchange, Alibaba said that Eddie Wu, its new CEO, will also head its cloud unit. Wu and Alibaba’s new chairman Joseph Tsai assumed their new roles by Monday, with ...
Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO
Alibaba's stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit's spin-off ...
Freshippo reportedly delays planned IPO due to low valuation
Alibaba’s grocery unit Freshippo has postponed its Hong Kong IPO amid weak consumer share sentiment, according to Bloomberg. The unit was originally ...
Clone of This startup helps hospitals treat stroke patients quickly
Hopebotics’ device transfers stroke patients’ therapy at home whilst hospitals monitor the progress remotely. People, as they age, would frequent hospitals; and admissions in relation to the scale of ...
Hong Kong: Cliffside mansions at risk of collapse after record rains
Several multi-million dollar mansions at a cliffside estate in Hong Kong are at risk of collapse after record rains last week eroded their foundations. The rains loosened the soil and carved the side ...
China Citic Bank eyes mobile banking increase in Hong Kong, aims to save 1 million sheets of paper a year
China Citic Bank aims to turn its 24 Hong Kong branches paperless within the next year as it promotes mobile banking Wider acceptance of mobile banking gives smaller lenders that lack branch networks ...
Hong Kong Builders Sink on Sun Hung Kai Earnings, HSBC Rate Plan
Hong Kong property stocks suffered their biggest selloff in seven months, hit by disappointing earnings at the city’s top builder and a major bank’s reported plan to raise mortgage rates. The Hang ...
HSBC to Raise HK Mortgage Rates in Added Pressure on Economy
HSBC Holdings Plc, the dominant lender in Hong Kong, is set to raise mortgage rates for borrowers in the Chinese territory, adding pressure on the city’s slumping property market. The lender is ...
China stocks gain on fresh stimulus measures; property, tech drag HK lower
SHANGHAI/HONG KONG Sept 11 (Reuters) - China stocks rose on Monday ... for insurance companies to channel more resources into the capital market,” OCBC Bank analyst Tommy Xie wrote. ** From Monday, ...
Hong Kong Widens Testing of China’s Digital Yuan to Additional Banks
Hong Kong has entered the second phase of technical testing for China's digital yuan, expanding the trial to include more Hong Kong banks.
Hong Kong Shares May Stop The Bleeding On Monday
The Hong Kong stock market has moved lower in four straight sessions, tumbling almost 650 points or 3.6 percent along the way. The ...
Hong Kong stocks hit 2-week low as Alibaba tumbles 3.3% on ex-CEO’s surprise exit, China deflation concerns
Hong Kong stocks fell to a two-week low ... Zhang’s exit “raises the likelihood that the business’s new partners will exert greater influence on strategic cloud decisions in the future,” said ...
Hong Kong Evacuates Residents From Luxury Homes After Landslide
Hong Kong authorities evacuated residents from a luxury residential complex after record rains caused a landslide. They are also investigating the possibility of illegal structures and occupation of ...