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Category: BUSINESS

Posted on 15/05/2024

Hong Kong stocks slip from 9-month high before Alibaba, Tencent report earnings while ESR surges on take-private bid

Local stocks approach the highest level since August, after surpassing the 19,000-point level on Monday. Bullish sentiment on earnings from Alibaba, Tencent and other tech leaders is underpinning the ...

Posted on 14/05/2024

Hong Kong stocks extend rally to 9-month high before Alibaba, Tencent report earnings while ESR surges on take-private bid

Local stocks approach the highest level since August, after surpassing the 19,000-point level on Monday. Bullish sentiment on earnings from Alibaba, Tencent and other tech leaders is underpinning the ...

Posted on 14/05/2024

Is the Future for Hong Kong Independent Firms a Chinese Tie-up?

Hong Kong law firm Hauzen, which was formed in 2017 by former Dechert ... It’s certainly a different market from what we’ve seen before, and the way business is done does seem to be changing,” Lambert said. “But it doesn’t appear to us that ...

Posted on 14/05/2024

Hong Kong, mainland China tax waivers a ‘win-win’ for capital markets’ development, experts say

The incentives will inject a dose of optimism and confidence in the capital markets, enhance cross-border trading schemes and boost the yuan, tax experts say.

Posted on 14/05/2024

Hong Kong calls for respect of its overseas-based trade offices after UK charged its London staffer

Hong Kong's leader has urged foreign governments to respect the duties of its overseas-based trade offices after a staff member in its London branch was charged in Britain for allegedly helping the ci ...

Posted on 14/05/2024

Hong Kong Stocks: Tencent Music Exceeds Q1 Revenue Estimates, Shares Gain

In major news on Hong Kong stocks, Tencent Music Entertainment Group (HK:1698) (NYSE:TME) gained 4.08% today after the company’s Q1 revenue ...

Posted on 13/05/2024

Elon Musk Deepfake Used by Hong Kong Crypto Startup, Claims He’s Lead Developer

A Hong Kong crypto startup used an Elon Musk deepfake to boost its name, claiming that he's the lead developer.

Posted on 13/05/2024

Exiled Hong Kong activist: HSBC ‘short-sighted’ for lobbying Sunak to ease China crackdown

A leading Hong Kong pro-democracy activist has called major firms like HSBC and Standard Chartered "short-sighted" for lobbying the UK government to ease its planned clampdowns on China.

Posted on 13/05/2024

126 startups pitched their ideas at EPiC in Hong Kong, but only 1 walked away with $100k

Some of the world’s most promising tech startups gathered at the International Commerce Center, Hong Kong’s tallest building, on November 8th to pitch their business ideas in the Elevator ...

Posted on 13/05/2024

Elon Musk’s AI Startup Could Reach A Whopping $20 Billion Valuation, Exceeding Initial Expectations

Elon Musk's artificial intelligence startup, xAI, is poised to reach a valuation of $20 billion, surpassing initial expectations, as investor interest continues to surge.

Posted on 12/05/2024

DHL Express expects supply chain shifts to boost its SE Asia business, reposes faith in Hong Kong’s role as Asian logistics hub

DHL sees business growth from supply chain shifts to Southeast and South Asia, regions close to China with friendly foreign investment policies, says DHL APAC CEO Hong Kong to efficiently serve as a ...

Posted on 12/05/2024

US supermarket chain Sam’s Club to launch online shopping in Hong Kong; one industry expert warns ‘retail crisis’ to hit city

The Post learns the megastore will roll out an e-commerce service for Hongkongers soon, with free delivery service available for purchases of 599 yuan 'Supermarkets and online platform HKTVmall will ...

Posted on 12/05/2024

Xinhua lashes out at West over attacks on Hong Kong after US report calls for more sanctions

Countries such as US and UK have confused right and wrong, and played with 'double standards' to deceive world, commentary published by agency says Commentary follows latest annual report by US ...

Posted on 11/05/2024

Hong Kong’s tourism sector can look to mainland China for a boost but avoid overreliance, leading business group says

Betty Yuen of the city’s General Chamber of Commerce says the sector can explore new markets in Asean and the Middle East.

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