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Month: February 2025

Posted on 21/02/2025

HK’s New World Development sees loss of up to $875 million in first half of 2025

Hong Kong-based property developer New World Development said on Friday it expects to record a loss attributable between HK$6.60 billion and HK$6.80 billion ($875.07 million) from its continuing ...

Posted on 21/02/2025

Hong Kong’s Budget will be one of hard trade-offs

Cost-cutting is inevitable for the city in its third straight year of deficit; but growth cannot be sacrificed. Read more at straitstimes.com.

Posted on 21/02/2025

WATCH: Video shows Florida Wingstop employee throw hot oil at costumers

Top 10 Hilarious SNL Impressions That NEVER Break Character See inside a 155 mph sleeper train connecting Hong Kong and Beijing NASA upgrades chances of asteroid 2024 YR4 hitting Earth - now the highest in agency’s history

Posted on 21/02/2025

Mixue aims to raise US$444 million in Hong Kong IPO as its juices, iced drinks take off

China's largest fresh-drink company Mixue Group aims to raise HK$3.45 billion (US$444 million) in a Hong Kong initial public offering (IPO) to expand its business amid heightened competition. The ...

Posted on 21/02/2025

Hong Kong shares hit 3-year peak as money flows to China tech sector

SHANGHAI/HONG KONG -- Hong Kong shares hit their highest in three years on Friday as better-than-expected earnings by e-commerce conglomerate Alibaba Group Holding stoked a rally that has been driven ...

Posted on 21/02/2025

Hong Kong homes lost US$61.7 billion in value after removal of curbs: Centaline

Total value of residential properties in Hong Kong stood at HK$8.99 trillion (US$1.15 trillion) in January compared with HK$9.5 trillion before the easing ...

Posted on 21/02/2025

Hong Kong underwriting flexibility rises amidst competition: Aon

Despite limited new business opportunities, the market continues to attract capacity. Hong Kong's insurance market remains well-capitalised with stable demand, but lower-than-expected economic growth ...

Posted on 21/02/2025

Hong Kong’s main opposition party announces plan to dissolve

The leaders of Hong Kong's Democratic Party have announced plans to dissolve what was once the city's largest opposition group. Members will soon vote on the final decision on whether to shut down the ...

Posted on 21/02/2025

The Hong Kong Artist Who Got Fired From McDonald’s

Luke Ching has made a name for himself with creative campaigns to improve working conditions for menial laborers, even as the scope for political protests in the city has narrowed.

Posted on 21/02/2025

Chinese beverage heiress sued in Hong Kong over assets dispute

HONG KONG – Kelly Zong Fuli, the daughter of the late Chinese billionaire Zong Qinghou and current chairman of beverage giant Hangzhou Wahaha Group, is being sued in a Hong Kong court as part of an ...

Posted on 21/02/2025

Alibaba shares soar 11% in Hong Kong after stellar earnings as China’s e-commerce sector recovers

Alibaba stocks listed in Hong Kong rose following a significant profit increase for the company in the December quarter.

Posted on 21/02/2025

Budget 2025: is raising taxes the answer to Hong Kong’s ‘structural deficit’?

The Post breaks down whether Hong Kong is facing a structural deficit and whether taxing top earners can help get the city back on track Hong Kong's ballooning deficit has prompted authorities to ...

Posted on 21/02/2025

Chinese Drinks Maker Plans Over $400M Hong Kong IPO as Listing Frenzy Accelerates

Chinese fresh drinks specialist Mixue Group will start taking orders from investors to raise over US$400 million through an initial public offering in Hong Kong, which is seeing renewed interest in ...

Posted on 21/02/2025

Chinese Bubble Tea Chain Mixue Aims to Raise $443 Million in Hong Kong IPO

(Reuters) - China's largest bubble tea and drinks firm, Mixue Group, is seeking to raise HK$3.45 billion ($443.66 million) in a Hong Kong initial public offering, according to a regulatory filing made ...

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