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Month: May 2024

Posted on 08/05/2024

Meituan’s KeeTa app leads Hong Kong’s food delivery market by order volume in March quarter, surpassing rival Foodpanda

KeeTa seized a 43 per cent share of the city’s food delivery market by order volume in the first quarter to surpass rival Foodpanda, which had a 37 per cent share in the same period.

Posted on 08/05/2024

Hong Kong ‘death by misadventure’ verdict after kidney disease patient died of liver failure when doctors failed to give her needed drug

Coroner praises Michelle Wu, the daughter of the late Tang Kwai-sze, who was 44, for her offer to donate part of her own liver to her mother, and for her role in the inquest.

Posted on 08/05/2024

Hong Kong property: New World and China Merchants Shekou to jointly develop Northern Metropolis project

State-owned conglomerate China Merchants Shekou Group has formed a partnership with New World Development to jointly develop a mixed-use project in the Northern Metropolis, with the residential ...

Posted on 08/05/2024

A woman’s abduction from a busy Hong Kong street revives memories of past kidnappings, including when tycoons were targets for notorious gangsters

Kidnapping is nothing new in Hong Kong and a woman snatched from a busy Tsim Sha Tsui has revived memories of the city’s history of abductions.

Posted on 08/05/2024

The Erosion of Hong Kong’s Autonomy since 2020: Implications for the United States

Informed by an intensive research trip, this report assesses the extent of the erosion of Hong Kong’s autonomy across a range of spheres, including governance, the economy, and civil society. On this ...

Posted on 08/05/2024

Hong Kong authorities orders soon-to-close kindergarten to reimburse parents for funding towards apparent campus improvements

Kindergarten operator had invited parents to contribute HK$23,000 per child into a ‘Capital Contribution Scheme’ meant to ‘update, maintain and improve’ the campus.

Posted on 08/05/2024

Hong Kong MTR plans unprecedented service suspensions on 2 lines for up to 2 days in row for upgrades

Lawmaker Michael Tien says he learned equipment inside tunnels of about 10 MTR stations on the Tsuen Wan and Kwun Tong lines needs to be upgraded Rail giant expected to reveal details of suspensions ...

Posted on 08/05/2024

Debt burden to fund Hong Kong’s airport expansion soars to HK$123 billion

The debt burden for construction of Hong Kong’s airport expansion has soared to HK$123 billion (US$15.7 billion), with no end in sight to a levy on passengers who fly out from the city. The Airport ...

Posted on 07/05/2024

China Market Update: Hong Kong Stops To Catch Its Breath

After moving from January’s 31 st low of 15,485 to today’s 18,479, a breather was more than overdue. Q1 earnings season kicks off next week, with Alibaba and Tencent reporting next Tuesday morning.

Posted on 07/05/2024

CICC, Citic, JPMorgan Cut Investment Banking Jobs in China as Deals Stall

HONG KONG (Reuters) -Two Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost ...

Posted on 07/05/2024

Hong Kong jury ‘death by misadventure’ verdict after kidney disease patient died of liver failure when doctors failed to give her needed drug

Coroner praises Michelle Wu, the daughter of the late Tang Kwai-sze, who was 44, for her offer to donate part of her own liver to her mother, and for her role in the inquest.

Posted on 07/05/2024

Crypto Companies Flock to Hong Kong as U.S. Tightens Oversight

[TheGuru: Jung Deung Yong Reporter] As U.S. financial authorities strengthen their oversight of cryptocurrencies, Hong Kong is emerging as a haven for cryptocurrency companies. To reclaim its status ...

Posted on 07/05/2024

Hong Kong holds talent-themed forum in global talent drive

HONG KONG, May 7 (Xinhua) -- The inaugural Global Talent Summit opened Tuesday in China's Hong Kong Special Administrative Region (HKSAR), the first talent-themed international forum and exhibition ...

Posted on 07/05/2024

Hong Kong signs agreement with Qatar to enhance connectivity between financial hubs in latest Middle East outreach

Hong Kong is expanding its market outreach in the Middle East by linking up with investment authority in oil-rich Qatar, paving the way for future cooperation and alliances.

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