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Category: BUSINESS

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 20/02/2025

MANTRA Launches Program for Real-World Asset Startups With Google Cloud Support

Layer 1 blockchain MANTRA has launched a startup accelerator program aimed at advancing the tokenization of real-world assets (RWAs), with backing from Google Cloud. The initiative, dubbed ...

Posted on 20/02/2025

Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns

Moody’s highlights the potential for higher loan-loss provisions and a tightening of credit lines, particularly for smaller developers.

Posted on 19/02/2025

Tokenisation a ‘defining trend’ for Web3 in Hong Kong as city hosts major Consensus event

Tokenisation will be 'profoundly transformative', Secretary for Financial Services Christopher Hui said, as companies pile into the burgeoning business Hong Kong is intensifying its focus on ...

Posted on 19/02/2025

China Market Update: Southbound Hong Kong Buying Sets Record, Baidu Earnings Beat

Asian equities were largely higher overnight despite the US dollar strengthening overnight. Hong Kong led the push higher on very high volumes, the Philippines and Pakistan outperformed, while ...

Posted on 18/02/2025

Hong Kong Crypto Unicorn Hashkey Secures $30 Million From Early PDD Investor Gaorong

Beijing-based Gaorong Ventures’ investment values the crypto exchange operator at nearly $1.5 billion post-money.

Posted on 18/02/2025

Hong Kong’s finance and tech sectors to lead job market recovery this year: Robert Walters

Finance sector to lead hiring momentum and tech sector to top pay increases of up to 25 per cent to attract talent, recruitment consultancy says Hong Kong's job market is showing signs of a recovery, ...

Posted on 18/02/2025

China’s Leader Embraces Business, Even Jack Ma. But Will It Be Enough?

The once-sidelined Alibaba founder was among the executives who met with China’s top leader, in what was seen as a show of support for private enterprise by Beijing.

Posted on 18/02/2025

Hong Kong stocks erase gains near 5-month high as DeepSeek-led rally wanes

Hong Kong stocks jumped on Monday towards a five-month high after Goldman Sachs raised its price targets for Chinese equities, betting that a faster adoption of artificial intelligence (AI) will ...

Posted on 17/02/2025

DeepSeek keeps boosting Chinese tech stocks. Goldman Sachs says this upswing could be different.

Recent Chinese technology breakthroughs are more "micro- and innovation-driven in nature," wrote analysts at Goldman Sachs.

Posted on 17/02/2025

Sorra.net Announces Results of 2024 Annual Awards, Unveiling Top 10 Beauty Trends

HONG KONG SAR – Media OutReach Newswire – 17 February 2025 – Sorra.net, a beauty tech startup from Hong Kong Science Park, held its inaugural annual awards at the end of 2024, aiming to identify the ...

Posted on 17/02/2025

FWD Hong Kong’s new business APE up 53% in 9M 2024

All of its sales channels saw double-digit growth. FWD Hong Kong saw its new business annual premium equivalent (APE) grow 53% year-on-year (YoY) in the first three quarters of 2024, according to data ...

Posted on 17/02/2025

Hong Kong to enhance markets, gateway role in trade, officials pledge

City aims to capitalise on emerging trade corridors and be gateway to mainland China, say treasury and central bank chiefs.

Posted on 17/02/2025

Evergrande, HNA units ordered to liquidate by Hong Kong’s judge

UNITS of two high-profile Chinese companies received Hong Kong court orders to liquidate, the latest in a string of wind-up decisions in the city as creditors ramp up their legal efforts to recover ...

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