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Posted on 01/06/2023

China AI startup MiniMax raising over $250 mln from Tencent-backed entity, others – sources

Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about $1.2 ...

Posted on 01/06/2023

Whatever happened to … Hong Kong pro-democracy protests?

Protests began following the passage of controversial legislation that allowed for suspected criminals to be sent to China for trial. The protests were seen as a "watershed" moment for Hong Kong as ...

Posted on 01/06/2023

Hong Kong stocks poised to rebound as monetary easing boosts China’s economic recovery, says Hang Seng Qianhai Fund Management

Hong Kong stocks are likely to rebound from heavy sell-offs in the second half of the year as a potential easing of monetary policy boosts China’s economic recovery, says Hang Seng Qianhai Fund ...

Posted on 01/06/2023

HSBC DOUBLES DOWN ON SUPPORT TO INNOVATION ECONOMY IN HONG KONG AND MAINLAND CHINA DEDICATED LENDING FUND INCREASES TO USD3 BILLION

Expanding lending to climate tech, industrials, consumer, technology, and healthcare and life sciences through new "HSBC New Economy Fund"* **Rolling out venture debt in Hong Kong** HONG KONG, May ...

Posted on 01/06/2023

Hong Kong’s first step in regulating crypto comes with high costs, but exchanges are undeterred

"The ability to provide a regulated trading venue for crypto derivatives could attract significant business into Hong Kong and the volumes have the potential to be significantly higher than for spot ...

Posted on 01/06/2023

Cathay Pacific discrimination scandal: creating an inclusive Hong Kong is everyone’s business

many professionals are working tirelessly to uphold Hong Kong’s image as a world-class destination, while others are striving to rebuild business and tap the rebound in mainland arrivals after the ...

Posted on 01/06/2023

Singapore overtakes Hong Kong as the most expensive Asia-Pacific city for private homes

According to the Urban Land Institute Asia Pacific Centre for Housing, the median price of Singapore's private homes is $1.2 million, compared to $1.16 million in Hong Kong.

Posted on 01/06/2023

Hang Seng on cusp of bear market as China factories cool and JPMorgan says ‘consumer might not get stronger’

The Hang Seng is on the brink of a bear market having fallen nearly 20% from a recent peak after more data showing a slowdown in China.

Posted on 01/06/2023

10 Most Undervalued Hong Kong Stocks To Buy According To Hedge Funds

What Makes Hong Kong Special? Being a financial hub and home to some of ... Lee is also taking key measures to revive business conferences in the region, according to Bloomberg.

Posted on 01/06/2023

Chinese ChatGPT Rival Mobvoi Files for Hong Kong IPO

Google-backed Chinese artificial intelligence company Mobvoi Information Technology Co. Ltd. filed Tuesday for an initial public offering on the Hong Kong Stock Exchange. The Beijing-based startup, ...

Posted on 01/06/2023

Hong Kong’s South China Morning Post wins haul of awards for digital, print and photography both locally and internationally

Post wins 41 awards from the Society of News Design, including ‘Best in Show’ from a large organisation category for ‘Life in Hong Kong’s Shoebox Housing’.

Posted on 31/05/2023

Hong Kong consumers spoiled for choice as payment platforms offer sweeteners to win users ahead of consumption voucher release

Octopus will distribute 1 million cash coupons for participating merchants which include fast food chain McDonald’s, convenience chain Circle-K and home goods store JHC. The coupons will be given out ...

Posted on 31/05/2023

Hong Kong: ZA Bank to Launch Digital Asset Trading Services for Retail Investors

ZA Bank, Hong Kong’s virtual bank, recently unveiled its plan to introduce virtual asset trading services for retail investors.

Posted on 31/05/2023

AIA, Tencent, Xiaomi – some of Hong Kong’s top listed firms – boost share buy-backs as bear market sets in

At least 26 companies disclosed buy-backs totalling HK$667 million (US$85.2 million) on Tuesday, according to data compiled by Securities Times. AIA has been the most active this year, acquiring ...

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