The logistics company's plan to sell US$1 billion shares would be second only to the recent US$5 billion listing of SoftBank-owned chip maker Arm It would also be the city's first billion-dollar ...
Chinese e-commerce giant Alibaba plans to list its logistics unit Cainiao in Hong Kong
Alibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, the Chinese e-commerce giant said in a regulatory filing Tuesday.
Alibaba to Spin Off Cainiao Logistics Unit for Hong Kong IPO
Alibaba Group Holding Ltd. said it will spin off Cainiao Smart Logistics Network Ltd., the logistics arm of its e-commerce empire, through an initial public offering in Hong Kong.
How net zero by 5 Chinese tech giants, which account for 2.5 times Hong Kong’s annual emissions, can decarbonise 25% of Hang Seng Index
Alibaba, Baidu, China Mobile, Tencent and Xiaomi could eliminate 2.5 times Hong Kong's annual emissions if they achieve net zero emissions, think tanks says; Emissions from the fi ...
Bumpy road ahead as Hong Kong strives to regain chips crown
On the fifth floor of an office building at the Hong Kong Science Park, along a hallway lined with other tech startups, is the headquarters of PDL Technology — a young semiconductor company in a city ...
Hong Kong Jockey Club’s philanthropy forum brings together global thought leaders to discuss solutions for fairer societies
After a five-year hiatus, the Philanthropy for Better Cities Forum, convened by The Hong Kong Jockey Club (the Club), returned for its third edition on September 11 and 12 under the theme Philanthropy for Fairer Societies. At the two-day event in the West ...
Hong Kong bankers play an anxious waiting game
Global banks in Hong Kong are feeding on scraps. Fewer initial public offerings in the city mean institutions including UBS , Bank of America and Morgan Stanley are tackling smaller transactions.
China and Hong Kong stocks fall on lingering economic, geopolitical worries
China and Hong Kong stocks fell on Tuesday as lingering economic worries and geopolitical tensions weighed on sentiment, with thin trading ahead of China's National Day holiday.
Russian Emperor makes trial return as connections aim at Hong Kong International Races, Qatar defence
A third crack at the Longines Hong Kong International Races (HKIR) and a return to Qatar loom as Russian Emperor’s major goals through the first half of the 2023-24 season after the three-time Group One winner made an easy return to the trials at Sha Tin on Tuesday
UPDATE 1-China’s Tuhu Car shares unchanged from issue price in Hong Kong debut
Tuhu Car's shares opened unchanged from their HK$28 ($3.58) issue price as the Chinese car maintenance firm started trading on the Hong Kong Stock Exchange on Tuesday.
Law firm layoffs rise in Hong Kong as China business slows
HONG KONG -- Foreign law firms in China and Hong Kong are shedding staff at a rapid pace, with one company laying off at least 20 lawyers this year as China's economic downturn and geopolitical ...
Hong Kong JPEX cryptocurrency scandal: new disclosure of trading platforms eyeing licence will better inform investors, John Lee says
Chief executive warns however that the best bet for investors would still be already-approved platforms as proper measures for these are in place.
Hong Kong’s eased mortgage rules for unfinished homes will have little impact on property market, as buyers fret over interest rates and economy, analysts say
Analysts pour cold water on latest government bid to bolster property market, saying homebuyers adopting wait-and-see approach amid declining investor confidence Under new rules, eligible first-time ...
Hong Kong relaxes mortgage rules to support property market
Hong Kong is relaxing its mortgage rules for homes under construction, as the government takes more steps to support the city’s property market that has been weighed by high borrowing costs. Eligible ...