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Month: September 2023

Posted on 27/09/2023

Retailers report boost in foot traffic as ‘Night Vibes Hong Kong’ campaign gathers pace

K11 Group behind shopping centre in Tsim Sha Tsui says weekend footfall traffic up 30 per cent over previous one due to launch of ‘Night Market by the Sea’.

Posted on 27/09/2023

Jimmy Lai’s son says the jailed Hong Kong media tycoon ‘refuses to be cowed’

Jimmy Lai, the pro-democracy Hong Kong newspaper publisher, will not be “cowed” despite the threat of life imprisonment, his son said.

Posted on 27/09/2023

Hong Kong marketers looking to adopt generative AI tools face multiple challenges, such as copyright and legal risks

Speakers at Interactive Advertising Bureau event in Hong Kong say there are many obstacles to adoption of generative AI tools Businesses in the city find that copyright concerns and legal and privacy ...

Posted on 26/09/2023

Alibaba’s logistics arm, Cainiao, to file for Hong Kong IPO

Cainiao Network Technology Co, the logistics subsidiary of Alibaba (NYSE:BABA) Group Holding Ltd, is expected to file for its initial public offering (IPO) in Hong Kong as early as next week, according to sources close to the matter. The move could ...

Posted on 26/09/2023

Hong Kong’s Resurgence Powered by Middle East Connections

Thanks to their key locations, a plethora of natural resources and progressive initiatives, like the UAE's NextGen FDI and Saudi Arabia's Vision 2030 economic diversification plan, Hong Kong’s Gulf ...

Posted on 26/09/2023

China’s Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong

Alibaba Group on Tuesday kicked off its restructuring with a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since the Chinese e-commerce giant ...

Posted on 26/09/2023

Hong Kong seeks swift downgrades and provisioning to ensure adequately regulated banks and secure market confidence: panel

Hong Kong is in the process of reinventing itself with authorities pushing for “swift downgrades and swift provisioning” to ensure the banking sector is adequately regulated to ensure market ...

Posted on 26/09/2023

Will Singapore or Hong Kong finance the South’s next transition?

Within Asia, the richer and aging North East Asia (Japan, South Korea, China, Taiwan, Hong Kong SAR) are huge net savers, with net investment surpluses (including Singapore), amounting to $10.4 ...

Posted on 26/09/2023

Alibaba’s Cainiao Files for $1 Billion-Plus Hong Kong IPO

Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group Holding Ltd., has filed for its Hong Kong initial public offering, potentially making it among the first of the Chinese ...

Posted on 26/09/2023

Hong Kong Stocks Close at Lowest in 10 Months as China Property Woes Weigh

Distress in China’s property sector has continued to stoke fears of a slowdown in the world’s second-largest economy, rattling stock markets across the region and sending Hong Kong equities to a ...

Posted on 26/09/2023

Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong

Chinese e-commerce company Alibaba says it will spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong ...

Posted on 26/09/2023

UPDATE 1-China’s gold imports via Hong Kong bounce back in August

China's gold imports via Hong Kong rebounded in August from the previous month, data showed on Tuesday, with the issuance of fresh quotas to local banks likely to boost shipments into the world's top ...

Posted on 26/09/2023

China urges countries to boycott Hong Kong media freedom event – document

China is pressing countries to boycott a British-organised event at the United Nations in Geneva on media freedom in Hong Kong with the son of a jailed media tycoon, a letter showed and four diplomats ...

Posted on 26/09/2023

Alibaba to spin-off logistics unit Cainiao in Hong Kong IPO

Alibaba (NYSE:BABA) is spinning off its logistics unit Cainiao Network Technology via an IPO on the the Main Board of the Hong Kong Stock Exchange. In a regulatory filing on Tuesday, the Chinese ...

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