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Month: December 2024

Posted on 10/12/2024

Hong Kong restaurant chain Itacho Sushi closes last outlet there after founder’s death from pancreatic cancer

He revealed his cancer diagnosis in 2017, while he was fighting a lawsuit filed by his former business partners, who accused him of breaching his fiduciary duties to their company by secretly opening ...

Posted on 10/12/2024

Hong Kong revs up tech hub ambition with AI supercomputing center debut

HONG KONG, Dec. 9 (Xinhua) -- Hong Kong's largest artificial intelligence (AI) supercomputing center officially commenced operation Monday, providing the much-needed computing power to bolster the ...

Posted on 10/12/2024

Moonshot AI founder’s dispute with 5 investors up for arbitration in Hong Kong

The five firms that invested in Moonshot AI founder Yang Zhilin’s last venture, Recurrent AI, claim he has ‘uncleared liability’.

Posted on 10/12/2024

Hong Kong Stocks to Soar on China Stimulus Signals: Markets Wrap

Stocks in Hong Kong are poised to lead Asian equities higher after China’s top leaders used their most direct language on stimulus in years.

Posted on 10/12/2024

Hong Kong needs more underwriters in marine insurance

The city may have to ease immigration rules to attract talent. Hong Kong should develop and expand its pool of underwriters if it wants to become an international hub for marine insurance and related ...

Posted on 10/12/2024

China cosmetics firm Mao Geping shares rise nearly 75% in Hong Kong debut

Mao Geping shares rose almost 75% on Tuesday after the Chinese beauty company raised $270 million in a Hong Kong initial public offering.

Posted on 10/12/2024

China makeup mogul nears billionaire status with Hong Kong IPO

Mao Geping, one of China’s best known makeup artists, took his beauty company public. Read more at straitstimes.com.

Posted on 10/12/2024

HSBC global private banking and wealth chief to quit

Gabriel Castello has been named interim CEO of global private banking, with search for a permanent CEO to start in “due course”.

Posted on 10/12/2024

‘No loophole’ in Hong Kong talent scheme after forgery claims, officials say

Labour minister Chris Sun says no problem in scheme’s design and assessment procedure, and warns against those who break law.

Posted on 10/12/2024

What it’s like flying Cathay Pacific Business Class and Premium Economy from Auckland to Hong Kong and back

Heading to Hong Kong with the Viva team for a special collector’s issue and suite of digital content, the Herald’s Emma Gleason flew from Auckland with Cathay Pacific, weighing in on whether Business ...

Posted on 10/12/2024

Chow Yun-fat, hard as nails in movies, cuts home price by 14% as he succumbs to market dip

Cutting the price of his home on The Peak, the film star joins other celebrities and tycoons selling high-end homes at a discount.

Posted on 10/12/2024

Great Restaurant Doesn’t Have A Great IPO Plan

Great Restaurant Development Holdings aims to raise $10 million in a US IPO. Financials show falling revenue, reduced gross profit, and negative marketing efficiency, with high multiples.

Posted on 10/12/2024

HSBC Holdings Announces Significant Share Buy-Back

HSBC Holdings (GB:HSBA) has released an update. HSBC Holdings has successfully bought back 1,734,933 of its ordinary shares as part of a share ...

Posted on 10/12/2024

Hong Kong banks to study heavy cheque users with eye on phase-out

Work with 10 heavy cheque-using sectors including SMEs, charities and brokers will help identify barriers to electronic payments, HKAB says.

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