Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan's market cap in 2023.
Lower Open Predicted For Hong Kong Shares
(RTTNews) - The Hong Kong stock market has finished lower in six straight sessions, tumbling more than 830 points or 5 percent in that span. The Hang Seng Index now rests just above the 16,190-point ...
Cathay Pacific needs to address capacity issues, Hong Kong leader says
Plans by Hong Kong's Cathay Pacific Airways to slash flights during the busy Lunar New Year period show the airline needs to address its capacity problems, the city's leader said, while its pilot ...
Increasing Hong Kong public service charges won’t help to balance books, economists say, calling for focus on boosting business, land sales
Financial Secretary Paul Chan says he will review some public service charges that have not been adjusted for a long time Economists say any changes will affect a lot of people, especially the needy, ...
Hong Kong penalty scheme for power outages ‘overlooks small incidents’ after 2 CLP glitches, lawmaker says
Hong Kong’s existing penalty scheme for power outages has tended to “overlook small incidents” following two glitches in Tsing Yi in less than a week, a lawmaker has said as he urged authorities to ...
Hong Kong Exchanges: It’s About Turnover And IPOs
Learn about the fluctuations in Hong Kong Exchanges's turnover and its future outlook for IPO fundraising. Click here to read why I rate the stock a Hold.
Hong Kongers seeking residency in Taiwan face challenges, uncertainty amid evolving immigration policies
Taiwan was touted as a safe harbour for those wanting to move out of Hong Kong after the new national security law was passed in 2020. However, as cross-strait tensions deepen in recent years, ...
Some Hong Kong workers are demanding raises if forced to return to the office full-time, survey finds
Many Hong Kong workers want to hang on to their flexibility. Bloomberg/Getty Images Some Hong Kong workers say they would need a raise to give up hybrid work arrangements, a dilemma that’s expected to ...
Hong Kong may take ‘years’ to reach surplus, finance chief Paul Chan says
It may take “a few years” for the Hong Kong government to turn a profit, the city’s finance chief has said, pointing to a sluggish economy and weak land and asset sales that have led to a shortfall in ...
‘My life is a string of serendipities’: Hong Kong photo art gallery founder Sarah Greene on her journey
Sarah Greene, the Belgian founder of Hong Kong’s Blue Lotus Gallery, reveals how she went from being an in-demand shipbroker to opening one of Asia’s art hotspots showing photographers like Fan Ho.
Hybrid to full-time office: Hong Kong workers seek 6% hike. Here’s why
A survey in Hong Kong shows that employees are seeking a 6% salary increase or change jobs to preserve flexible work options ...
Hong Kong’s innovation scene in 2024: Where are we headed?
VC funds around the globe, and Hong Kong was no exception. Hong Kong has been in an even trickier position than other cities, given its highly outward-facing economy and connectivity with China, ...
Hong Kong to review some charges for public services to help balance its books
To increase sources of revenue, government to review charges for public services, which have not been adjusted for long time, finance chief says.
Vendors at Hong Kong’s largest outdoor product fair grapple with slow sales amid cross-border shopping boom
Thousands flocked to 57th Hong Kong Brands and Products Expo a day before it closed, but some vendors reported weaker-than-expected sales 'Footfall picked up during free-admission at night in the past ...