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Category: BUSINESS

Posted on 17/07/2025

MiniMax, the ‘world-class’ AI start-up lauded by Jensen Huang, applies for Hong Kong IPO

MiniMax aimed to raise between HK$4 billion and HK$5 billion, but its deal size and valuation could change depending on market conditions, Reuters said.

Posted on 17/07/2025

Ex-McKinsey Partner Sentenced in Obstruction Case

The consultant had deleted records involving McKinsey’s role in pushing OxyContin sales and driving the opioid crisis.

Posted on 17/07/2025

Consulting firm McKinsey to pay $650 million to resolve US opioid …

McKinsey & Co has agreed to pay $650 million to resolve charges over advice it provided Purdue Pharma on how to "turbocharge" sales of its addictive painkiller OxyContin, the U.S. Department of ...

Posted on 17/07/2025

McKinsey to pay $650 million for helping Purdue Pharma sell OxyContin

McKinsey & Company agreed to pay $650 million to resolve criminal and civil investigations into its advice to opioids manufacturer Purdue Pharma.

Posted on 17/07/2025

The scandals and hypocrisy behind McKinsey’s sterling reputation

The consulting giant's unsavory practices are hidden by a “culture of secrecy,” Walt Bogdanich and Michael Forsythe write.

Posted on 17/07/2025

Ex-McKinsey partner sentenced to 6 months in prison for obstructing …

A former senior partner at McKinsey & Company was sentenced on Friday to six months in federal prison for destroying records of the firm’s work to “turbocharge” Purdue Pharma’s OxyContin ...

Posted on 16/07/2025

Hong Kong’s asset management industry hits near-record US$4.5 trillion on massive inflows

The city continues to be a top cross-border wealth centre, with non-Hong Kong investors contributing 63 per cent of assets under management.

Posted on 16/07/2025

What is Hong Kong’s allure for China’s tourists? Financial service …

Hong Kong companies have reason to be optimistic about the return of Greater Bay Area’s (GBA) affluent tourists, but McKinsey & Company cautions that the city no longer is the no-brainer ...

Posted on 16/07/2025

Lawmakers Dismiss McKinsey’s Apology on Opioid Crisis as ‘Empty’

McKinsey stopped advising opioid manufacturers in 2019 and agreed to pay about $600 million to settle investigations by state attorneys ... He was previously a correspondent in Hong Kong, ...

Posted on 16/07/2025

Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg

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Posted on 16/07/2025

Hong Kong stocks lifted by Nvidia rally on mixed day in Asia

Tech firms led another rally in Hong Kong stocks Wednesday after US titan Nvidia said it would resume exports of key chips to China after Washington pledged to remove licensing curbs.

Posted on 16/07/2025

Hong Kong stocks power up on Nvidia resuming chip sales to China

US firm receives assurance from Washington that the company will be granted an export licence to sell H20 chips to China.

Posted on 16/07/2025

China’s Geely is officially bringing its luxury EV startup Zeekr private

China’s Geely Auto is officially taking its luxury EV subsidiary Zeekr private, just over a year after the company debuted on the New York Stock Exchange.

Posted on 15/07/2025

Hong Kong plans to regulate Uber and other online ride-hailing services

The Hong Kong government has proposed new regulations for ride-hailing services like Uber. The plan requires platforms, cars, and drivers to be licensed before operating.

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