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Category: BUSINESS

Posted on 28/07/2022

Hongkong Land reverses to profitability with US$292 mil earnings for 1HFY2022

Hongkong Land has reversed to profitability with earnings of US$292 million ($405.0 million) for the 1HFY2022 ended June, compared to the HK$865 million loss seen in the same period the year before. ( read original story ...)

Posted on 28/07/2022

Hong Kong to launch US$637 mln tech fund for startups: report

Hong Kong will launch a HK$5 billion (US$637 million) fund to support startups seeking to reach unicorn status, the city’s Financial Secretary Paul Chan Mo-po said. The government hopes to use the ... ( read original story ...)

Posted on 28/07/2022

Hong Kong’s online retail market has become too crowded for e-commerce giant Alibaba, which is closing its local Tmall site

Alibaba will shut down operations of Tmall Hong Kong on October 31, as the company sharpens its focus on cross-border e-commerce opportunities That move comes as no surprise, according to analysts, ... ( read original story ...)

Posted on 28/07/2022

Classic Hong Kong bakery Happy Cake Shop to close after 45 years in business as landlord takes back premises

Happy Cake Shop leaves fans miserable after it announces it will close its Wan Chai operation at the start of next month Shop joins list of city food institutions that have shut down in recent times. ( read original story ...)

Posted on 28/07/2022

Hong Kong’s Star Ferry faces an uncertain future, as ridership falls and debt climbs

A drop in tourism due to political turmoil and the pandemic led to financial woes for the ferry, which has taken passengers across Victoria Harbor for decades. Now there are fears it may go bankrupt. ( read original story ...)

Posted on 28/07/2022

Classic Hong Kong bakery Happy Cake Shop to close after 45 years in business

Happy Cake Shop leaves fans miserable after it announces it will close its Wan Chai operation at the start of next month. ( read original story ...)

Posted on 27/07/2022

Hong Kong to launch tech fund to attract local firms, foreign start-ups

Hong Kong will launch a fund worth HK$5 billion (23 billion baht) next month to support local tech companies and attract foreign start-ups, the city's finance chief has said. ( read original story ...)

Posted on 27/07/2022

Hong Kong will ‘take another leap forward in next 5 years’, John Lee vows as he expresses confidence in city’s ‘enviable position’ despite setbacks

Chief executive delivers keynote address at opening of the Post's China Conference: Hong Kong 2022 He insists city's 'East-meets-West' position, talent and resilience will enable it to shine Hong Kong ... ( read original story ...)

Posted on 27/07/2022

Hong Kong poised to leap ahead, in ‘enviable’ spot as East-meets-West hub, John Lee says as he hails city’s talent and resilience

Chief executive delivers keynote address at opening of the Post's China Conference: Hong Kong 2022 He insists city's 'East-meets-West' position, talent and resilience will enable it to shine Hong Kong ... ( read original story ...)

Posted on 27/07/2022

Alibaba aims to add primary listing in Hong Kong, woo China investors

Alibaba plans to add a primary listing in Hong Kong to its New York presence, targeting investors in mainland China as it becomes the first big company to take advantage of a rule change in the ... ( read original story ...)

Posted on 26/07/2022

Alibaba stock jumps after announcing Hong Kong primary listing

Alibaba has been hit hard since getting caught up in a sweeping crackdown in China on its once booming technology sector. Since then, the company's shares in New York and Hong Kon ... ( read original story ...)

Posted on 26/07/2022

Hong Kong Startup Greater Bay Airlines Takes To The Skies

Hong Kong’s newest airline took to the skies for the first time this Saturday. Greater Bay Airlines launched its first commercial service to Thailand, as it looks to compete with the city’s flagship ... ( read original story ...)

Posted on 26/07/2022

Asian traders cautious ahead of results, Alibaba lifts Hong Kong

Markets fluctuated in Asia on Tuesday as traders nervously geared up for a slew of earnings from the world's biggest firms. ( read original story ...)

Posted on 26/07/2022

Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report

A new survey shows blockchain technology, although not necessarily crypto, is a dominant presence among smaller Asian Pacific startups. ( read original story ...)

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