The firm blamed the cash crunch on the coronavirus pandemic and said the payment halt is likely to result in default. ( read original story ...)
China Market Update: Typhoon Higos Shortens Hong Kong Trading As VIPS Releases Q2 Results
Asian equities were off in a slow summer session as US China political rhetoric weighed on sentiment regionally. President Trump announced that he called off last weekend’s virtual trade envoy meeting ... ( read original story ...)
Princeton students in Chinese politics class will use code names to protect their identities from Hong Kong national security law
The national security law China imposed on Hong Kong is affecting universities in the United States, The Wall Street Journal reports.Professors who teach classes related to China at schools like Princ ... ( read original story ...)
Hong Kong and Shenzhen Stock Markets Lure U.S. Listings Back ‘Home’
Hong Kong's Exchange had record results due to secondary offerings by Nasdaq stocks, Shenzhen preps for tech startups to go public. ( read original story ...)
Hong Kong-Headquartered Neat Extends Its Series A Funding By $4 Mn
Hong Kong-headquartered Neat, a fintech company on Wednesday announced that it has raised $4 million, which is an extension to their $11 million Series A round closed four months ago. Existing ... ( read original story ...)
Hong Kong’s stock exchange operator posts record first-half profit amid a flurry of mega IPOs, higher turnover
The operator of Hong Kong's stock exchange reported record first-half and quarterly profit on the back of rising market turnover and a wave of mainland Chinese tech giants seeking listings in the city ... ( read original story ...)
Credit card problems for Hong Kong’s Carrie Lam as sanctions bite
Hong Kong's leader says using her credit cards had been "hampered ... and we don't know whether that will relate back to an agency that has some American business -- and the use of credit cards is ... ( read original story ...)
Hong Kong leader admits U.S. sanctions impeding her credit card use
Beijing-approved leader was among top Hong Kong officials hit with sanctions, which she says have "hampered" her own transactions. ( read original story ...)
Moving beyond Covid-19: Cathay Pacific wrestles with uncertainty, hard choices, as it prepares to fly again
Hong Kong’s Cathay Pacific delays aircraft deliveries, slowing cash burn amid Covid-19 travails McKinsey’s Saxon agreed that people were likely to prefer direct flights, but pointed out these were in ... ( read original story ...)
Hong Kong’s food e-commerce startup DayDayCook raises $20 million
This week, Hong Kong-based startup DayDayCook announced that it has raised $20 million to expand its multifunctional food platform, whose users mainly come from mainland China. The company founded ... ( read original story ...)
Property Raptor, a Hong Kong-based start-up targeting unicorn status, aims to automate real estate matchmaking
Hong Kong-based start-up Property Raptor aims to become a unicorn, or a company worth at least US$1 billion, by automating the process of buying property. Its customers will be able to use its ... ( read original story ...)
Hong Kong speculators should read China Literature
The fan-fiction startup leaped 86% on its first trading day in 2017 ... Record participation by retail investors in a recent Hong Kong initial public offering, combined with high demand for other IPOs ... ( read original story ...)
China healthcare, consumer shares fuel strong rally; Hong Kong up
The tech-heavy start-up board ChiNext added 0.5% ... Technologies Co’s access to commercially available chips. ** In Hong Kong, the Hang Seng index added 0.2%, to 25,385.80 points, while ... ( read original story ...)
Hong Kong Leader Carrie Lam Has Credit Card Trouble After U.S. Sanctions
Hong Kong’s leader said she’s having trouble using her credit cards after the U.S. imposed sanctions targeting Chinese officials and their allies in the city. ( read original story ...)