Lidar maker Quanergy Systems Inc.'s plan to go public in a merger with a Hong Kong-based blank check company got a ... Area's entrepreneurial community together for some healthy early-stage startup ... ( read original story ...)
Why U.S. Companies Are Leaving Hong Kong
The number of U.S. companies with regional headquarters in Hong Kong has fallen to an 18-year low, according to a report. ( read original story ...)
Israeli company Rapyd acquires Hong-Kong-based Neat
Israeli global Fintech-as-a-Service company, Rapyd announced today that it has completed the acquisition of Hong Kong-based Neat, a cross-border trade enabling platform for small and medium businesses ... ( read original story ...)
Hong Kong financial talent flees to Singapore under ‘zero COVID’ policy
The strict zero COVID policy adopted by Hong Kong has forced international corporations to recruit from a shrinking talent pool, leaving businesses to consider shifting operations to Singapore. "Hong ... ( read original story ...)
How a group of Hong Kong university graduates turned an organic farming start-up in Greater Bay Area’s Jiangmen city profitable
Guangdong Shining Farm, a sustainable agricultural start-up, grows vegetables and fish at their aquaponics facility in Jiangmen The company is now expanding their production capacity from nearly 400 ... ( read original story ...)
Loss-making Hongkong Post braces for more challenges amid Covid-19 restrictions, pins hopes on cross-border e-commerce
Hongkong Post has recently been forced to temporarily suspend mail services to certain countries, such as Canada and Australia The government-owned postal service sees growing opportunities in ... ( read original story ...)
Hong Kong government offers hamster reparations in COVID-19 fight
The Hong Kong government said on Friday (Jan 28) it would compensate pet shops trading in hamsters after ordering a cull on the rodents last week over fears they were spreading COVID-19. The city's ... ( read original story ...)
Hong Kong Encourages Listings By Foreign Companies, SPACs.
Greater China companies operating in any industry can now obtain secondary listings in Hong Kong, provided they meet market capitalization minimums. Recent Listing Rules amendments also allow some ... ( read original story ...)
Hong Kong’s Politicians and Cops Use Pandemic Justifications To Do Beijing’s Bidding
Though many in the West have rightly wondered about the degree to which COVID-19 suppression has actually been a guise for state actors to seize more control, in Hong Kong, the case is airtight: ... ( read original story ...)
China fintech PingPong weighing US$1b Hong Kong IPO
HONG KONG] Chinese fintech startup PingPong is considering an initial public offering in Hong Kong to raise as much as US$1 billion, people with knowledge of the matter said. Read more at The Business ... ( read original story ...)
Industrial B2B startup Moglix’s valuation tops $2.6 bn with $250 mn funding
Early investors, who had bet on Moglix at the seed stage, have seen an 80x return on their investment in this B2B commerce firm ... ( read original story ...)
Hong Kong’s HashKey Group Raises $360M Blockchain Fund
Hong Kong's HashKey Group, the digital assets and blockchain arm of Chinese conglomerate Wanxiang Group, has received $360 million commitment from investors for its new fund. The fund will tap into ... ( read original story ...)
Hong Kong market watchdog fines Citi $45 million for equities misconduct
Hong Kong's market regulator has fined a Citigroup subsidiary HK$348.25 million ($45 million) for misconduct in its cash equities business and is launching disciplinary proceedings against some former ... ( read original story ...)
China’s new rules on overseas IPOs will apply to Hong Kong, securities regulator says
In an exclusive interview with CNBC, CSRC's international department director spoke about what new draft rules mean for Chinese companies wanting to list abroad. ( read original story ...)