Shanghai Tang, Hong Kong’s home-grown fashion brand, will go global with stores in Paris, Milan and more cities on the mainland over the next two years, according to one of its new owners. The company, which was bought by Italian textile businessman ... ( read original story ...)
Hong Kong, Argentina sign MOU to promote wine trade
Yau noted that Hong Kong is Asia's wine hub and a wine free-port and also offers a business and logistics infrastructure for the wine business to thrive. The Drinks Business reported that presently Argentina’s wine imports constitute only a small amount ... ( read original story ...)
Hong Kong developer HKRI to ‘embrace digital era’ in mainland expansion
Discovery Bay, HKRI’s flagship property in Hong Kong, is a resort-style residential project on northeastern Lantau Island, comprising villas as well as low, mid and high-rise residential developments. “Hong Kong developers can’t afford to be as ... ( read original story ...)
Horizons Ventures backs AI startup Fano Labs in first Hong Kong investment
Horizons Ventures, the VC firm founded by Hong Kong’s richest man Li Ka-Shing, has made a rare early-stage investment after it backed AI startup Fano Labs. Horizons has invested in the likes of Facebook, Razer, Slack, Improbable, Spotify and more, and ... ( read original story ...)
Hong Kong’s IPO Quirks Undermine Its New York Fightback: Gadfly
Hong Kong’s move to allow dual-class shares should attract a wave of listings by Chinese technology companies. It won’t be enough for the city to challenge New York as the global hub for new-economy fundraising. Despite a year of hot flotations that ... ( read original story ...)
Hong Kong courts on dangerous ground in a battle over free speech
A Hong Kong court has issued its first ban on a short-seller from ... and loss done to it by the injunction because it was not allowed to engage in its business of making the larger investment community aware of false accounting by a listed company? ( read original story ...)
Li Ka-shing bets on Hong Kong AI start-up that understands Chinese dialects
Billionaire Li Ka-shing is betting on a little-known Hong Kong start-up that uses artificial intelligence (AI) to sieve through tens of thousands of daily call-centre conversations conducted in China’s major dialects. Fano Labs, which is a specialist in ... ( read original story ...)
Hong Kong observation wheel to reopen before Christmas with HK$20 rides locked in for three years
The observation wheel at Hong Kong’s Central Harbourfront will start turning again just ahead of Christmas, with the new operator pledging there would be no fare hikes in the next three years after drastically reducing entrance fees. From Wednesday ... ( read original story ...)
Hong Kong dollar weakens further following monetary authority comment
Hong Kong’s dollar witnessed its biggest weekly drop in a month on Friday after HKMA’s comments that it was not aiming to curb depreciation pressure. The currency fell 0.06 per cent to HK$7.8130 against the US dollar on Friday, and has lost 0.09 per ... ( read original story ...)
Hong Kong dollar falls most in 22 months as HKMA says it won’t defend drop to lower end of the peg
The Hong Kong dollar plunged the most in 22 months after the city’s de facto central bank said it will not seek extra exchange fund bills and that it would let the currency fall to the weak end of the currency peg. Bloomberg reported Hong Kong Monetary ... ( read original story ...)
Hong Kong based startup Lynk enables knowledge sharing by linking enterprises with experts
With more than 80 institutional customers, Hongkong-based Lynk aims to solve an expertise problem rampant in everyday business relationships. The online service connects enterprise users to experts in a variety of fields. Peggy Choi, 35, is a finance ... ( read original story ...)
Hong Kong is right not to follow the US in cutting taxes
The closer it comes to realising this goal, the less attractive the city will be as an international business centre. Should those bent on complete integration have their way the level of taxation will become increasingly irrelevant unless Hong Kong ... ( read original story ...)
Hong Kong raises base rate by 25 basis points in lockstep with US Fed’s third increase this year
The Hong Kong Monetary Authority, the city’s de facto central bank, raised the base lending rate by 25 basis points to 1.75 per cent, as it moves in lockstep with the equivalent overnight increase by the United States Federal Reserve to maintain the Hong ... ( read original story ...)
Tencent-backed We Doctor seeks overseas expansion as it prepares for Hong Kong IPO
according to McKinsey & Co. An overstretched public healthcare system and a lack of doctors is creating demand for premium services - attracting both domestic and foreign medical firms. Chen said Hong Kong made more sense as a venue for We Doctor as the ... ( read original story ...)