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Category: BUSINESS

Posted on 28/08/2023

A Hong Kong language group shuts down after an essay alleged to have breached security law

A group that promotes the Cantonese language has shut down after Hong Kong authorities said an essay submitted to a literary competition three years ago violated the national security law ...

Posted on 28/08/2023

Chinese EV startup Xpeng shares soar after announcing $744 million deal with Didi

Chinese electric car company Xpeng said Monday it is buying Didi's smart electric car development business in an exchange of shares worth $744 million. With the strategic partnership and new assets ...

Posted on 28/08/2023

Japanese restaurants in Hong Kong expect dip in business with import ban on seafood from Japan

HONG KONG: Some Japanese restaurants in Hong Kong are expecting a 30 per cent dip in business, after the city's import controls on seafood from 10 Japanese prefectures kicked in on Thursday (Aug 24).

Posted on 28/08/2023

BYD unit buys US firm Jabil’s China mobility business for $2.2 billion

Chinese automaker BYD said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil Inc to buy its mobility business in China for 15.8 billion yuan ($2.2 billion). The deal ...

Posted on 28/08/2023

Manulife doubling down on rich mainland Chinese customers, to open new Hong Kong prestige centre and invest in digital tools, CEO says

Insurer's prestige customer centre in tourist hotspot Tsim Sha Tsui will cater to high-net-worth individuals Insurer plans to invest US$459 million in Asia in a three-year period ending this year ...

Posted on 28/08/2023

Evergrande seeks to resume trading in Hong Kong, ending 17-month halt after claiming it met all seven conditions imposed by exchange

Developer has sufficient business operations, is trying its utmost to deliver properties, it says in filing Evergrande continues to face winding-up petitions in Hong Kong, the Cayman Islands and the ...

Posted on 27/08/2023

Embattled Chinese developer Evergrande seeks resumption of trading in shares in Hong Kong

In a filing with the Hong Kong exchange, Evergrande said it had fulfilled all the conditions to rescind an order suspending trading in its shares since March 21 last year.

Posted on 27/08/2023

What Are The Most Prestigious Companies To Work For?

Landing a job at a prestigious firm in your industry could set you up for success throughout the rest of your career, so what are the most prestigious companies to work for?

Posted on 26/08/2023

Hong Kong economists urge rethink of funding for major infrastructure projects after developers shy away from government land sales

Experts warn government unlikely to reach estimated income of HK$85 billion from land sales and suggest issuing more bonds, using build, operate and transfer model.

Posted on 25/08/2023

Hong Kong businesses strongly reject government bid to extend mall hours amid labour crunch, consumers spending across border

Industry players say tourist dollar also weaker than pre-pandemic levels Night bazaar plan floated by authorities would only benefit caterers, sector members say, with retail sales still flagging ...

Posted on 25/08/2023

Hong Kong businesses strongly reject city bid to extend mall hours amid manpower crunch, consumers spending across border

Industry players also say residents prefer to spend across the border post-pandemic, with the tourist dollar not as strong as before.

Posted on 25/08/2023

‘Shop till you drop’ is dead. Mainland Chinese tourists in Hong Kong chase Instagram-worthy photo opportunities

Business is booming at Hong Kong eatery Two Greens, a small Malaysian-Cantonese fusion restaurant in Mong Kok, and the place is often packed with mainland Chinese visitors. They h ...

Posted on 24/08/2023

China’s tourism to grow faster than its GDP as people spend less on property, more on travel, Tongcheng executive says

People in China have switched from buying big-ticket items like flats and cars to experiential consumption, Tongcheng Travel CFO Fan Lei told the Post.

Posted on 24/08/2023

2 innovative startups that won RM580K+ from this Hong Kong incubator that’s now in M’sia too

Asia has become an innovation hub, with China leading in high-valued startups like ByteDance and DJI. Venture capitalists and startup incubators play vital roles in nurturing innovative startups, from ...

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