Category: BUSINESS

HONG KONG - Fast food giant McDonald's says it is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion. The company said in a statement Monday that Citic ... ( read original story ...)

HONG KONG - Fast-food giant McDonald's is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday. Citic Ltd. and its investment ... ( read original story ...)

Hong Kong-listed CITIC Ltd will own about 32 percent of the business, with CITIC Capital, an affiliate company that manages private equity funds and other alternative assets, holding another 20 percent. Carlyle will control 28 percent of the business ... ( read original story ...)

McDonald’s has finalized a deal to sell a controlling stake in its operations in China and Hong Kong to a group of investors led by the Chinese state-backed Citic Limited. Under the terms of the deal announced Monday, the fast food giant will retain ... ( read original story ...)

US fast-food giant McDonald’s will sell a controlling stake in its mainland China and Hong Kong franchise business to a consortium of Citic Group and the Carlyle Group for up to US$2.08 billion (HK$16.14 billion), the companies said Monday. Citic Limited ... ( read original story ...)

One of Hong Kong’s major competitive advantages over other Asian cities was that it was easy to get around and attend three or four business meetings a day. That is rapidly disappearing and we are becoming just another congested Asian city. The ... ( read original story ...)

Executives interviewed by McKinsey were pinning their hopes for a turnaround ... The consultancy estimated luxury goods sales in Hong Kong fell 15 per cent for the full year 2016. The drop can be partly explained by Hong Kong’s US-dollar linked currency ... ( read original story ...)

The Hong Kong Dollar gained against its US counterpart on Thursday after the release of data suggesting the first expansion in the territory’s private-sector business activity for nearly two years. The Nikkei Hong Kong Purchasing Managers’ Index rose ... ( read original story ...)

The territory’s economy, dominated by finance, was slow to embrace the startup crowd. But funding today is soaring. And initiatives like Alibaba’s $130 million Hong Kong Investment Program are enticing more young professionals into the entrepreneurial ... ( read original story ...)

Flights will be on an Airbus A330 aircraft with 283 seats. Hong Kong Airlines said prices for round-trip return tickets start at $634 for economy and $2,767 for business, before fuel surcharges, taxes and other charges which were not specified. Economy ... ( read original story ...)

Hong Kong prides itself on being up to date with the latest technology, and the ­government likes to call it a “smart city”, but to really embrace that concept, many believe ­Hongkongers must abandon the idea that cash is king and join the global ... ( read original story ...)

Hong Kong start-up Ampd Energy hopes to make diesel generators obsolete with its battery-powered energy storage system, especially in countries like Indonesia and India which often suffer power failures. The Ampd Silo, which runs on lithium-ion batteries ... ( read original story ...)

National carrier Kenya Airways has signed a codeshare agreement with Hong Kong Airlines increasing its frequency between Nairobi and Hong Kong to daily flights with an eye on the growing trade between the two cities. KQ, as the carrier is known by its ... ( read original story ...)

Hong Kong’s private sector is pulling out of recession, with the December PMI recording above the neutral 50.0 level. However, the improvement was not driven by expansions in output and new orders. Instead, a surge in the preproduction stock levels ... ( read original story ...)