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Category: BUSINESS

Posted on 24/05/2024

I quit my job at Goldman Sachs to risk it all on a crypto startup. Then the industry crashed.

A trader at Goldman Sachs quit to start a crypto company during the crash. He said a slump is the best time to build and has raised $9.3 million.

Posted on 24/05/2024

Hong Kong sees third major cryptocurrency exchange withdraw licence application as Gate.io unit drops out

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and ...

Posted on 24/05/2024

Segantii redemption requests hit US$1 billion before move to shut

Hong Kong’s Securities and Futures Commission this month charged ... Funds managed by Goldman, and MIO Partners, a subsidiary of McKinsey & Co that invests on behalf of its pension plans, are among ...

Posted on 24/05/2024

Hong Kong Authorities Respond to Speculations About Seungri’s Potential Activities in the City

Addressing recent hypotheses in media outlets…” The UBJ Just now This composition is a part of our extensive dossier on the Burning Sun Scandal. Discover more and peruse the full chronology here.

Posted on 24/05/2024

Segantii Redemption Requests Hit $1 Billion Before Move to Shut

Segantii Capital Management Ltd.’s hedge fund faced nearly $1 billion of withdrawal requests before its decision to shut down, people familiar with the matter said, highlighting the impact on investor ...

Posted on 24/05/2024

Former finance chief Antony Leung’s New Frontier buys Hong Kong cancer centre as it eyes expansion in Greater Bay Area

New Frontier, chaired by Hong Kong’s former financial secretary, said it has completed the acquisition of the Hong Kong Integrated Oncology Centre as part of its expansion in the healthcare industry ...

Posted on 24/05/2024

Segantii to Shut as Insider Trading Charge Draws Redemptions

Simon Sadler’s hedge fund is shutting down and returning capital to investors after an insider trading charge in Hong Kong sparked concerns about a flood of redemptions, according to people familiar ...

Posted on 24/05/2024

New security law raises concerns amid decline in Hong Kong business sentiment

Hong Kong's Basic Law, the territory's constitution, required the government to enact domestic national security legislation. A previous attempt in 2003 failed after mass protests. Beijing cited the ...

Posted on 24/05/2024

Alibaba’s Hong Kong Shares Drop 5% on Report of $5 Billion Convertible Bond Offering

Alibaba's shares on the Hong Kong stock exchange fell over 5% after a report that the company is considering selling $5 billion in convertible bonds. Bloomberg reported that Alibaba could ...

Posted on 24/05/2024

Hong Kong Stocks: Xiaomi Beats Q1 Forecasts as Smartphone Sales Surge

In major news on Hong Kong stocks, Xiaomi Corporation (HK:1810) reported its Q1 results, beating forecasts as smartphone sales surged after a period of stagnant growth. In the first quarter, the ...

Posted on 23/05/2024

Hong Kong stocks slide as investors rattled by patchy earnings, hawkish US Fed minutes

Other key Asian markets also traded lower after the hawkish Fed minutes. Australia’s S&P/ASX 200 dropped 0.7 per cent and South Korea’s Kospi weakened 0.2 per cent. Japan’s Nikkei 225 added 0.6 per ...

Posted on 23/05/2024

Hong Kong is a gateway between Middle East and China, says Secretary for Justice

Speaking at a forum titled “Hong Kong - The Common Law Gateway for UAE Businesses to China and Beyond” held in Dubai ...

Posted on 23/05/2024

Jackie Chan to Tony Leung: 10 richest Hong Kong actors with massive net worths

Keen to know the richest Hong Kong celebrities? Let's take you through the top 10 richest Hong Kong actors who are worth millions.

Posted on 23/05/2024

Gate.io Ceases Operations in Hong Kong amid Tightening Crypto Regulations

Gate.io announced that it would cease operations of its Hong Kong-based Gate HK and it has officially withdrawn its license application.

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