Posted . Alibaba Group's Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off its cloud busines ...
Alibaba Loses $21 Billion In Market Value After Suspending Cloud Unit IPO And Jack Ma Sells Shares
Alibaba Group stunned investors when it announced that it would suspend the listing plan of its cloud computing unit, while also revealing that cofounder Jack Ma intends to sell some of his shares.
Chinese EV maker Li Auto and pharmaceutical firm WuXi Apptec to join Hong Kong’s benchmark Hang Seng Index in December
Chinese electric-car maker Li Auto and pharmaceutical company WuXi Apptec will join the Hang Seng Index as new constituents next month, according to the latest quarterly review by Hong Kong’s index ...
Hong Kong firm suspected of unauthorized use of Tottori prefecture emblem
Tottori officials say they have found that a Hong Kong-based company is using a symbol closely resembling the Japanese prefecture's emblem. They plan to ask the firm to stop the unauthorized use of the emblem.
Yum China To Buy Back $750 Mln Of Shares
Restaurant chain Yum China Holdings, Inc. (YUMC) on Thursday announced that it has entered into a share repurchase agreement in the
The Soaring Growth of Fintech Startups in Hong Kong
In recent years, Hong Kong has emerged as a dynamic hub for financial technology, witnessing a significant surge in the number of fintech startups. This phenomenon reflects a global trend where ...
Alibaba Group suffers worst sell-off in 13 months on AliCloud reorganisation woes, sending Hong Kong stocks lower
Stocks slide in Hong Kong amid the biggest sell-off in Alibaba Group after the e-commerce platform operator cancelled a key part of its reorganisation amid heightened US-China tech rivalry.
Xi Jinping’s U.S. Visit Unites Protesters
With Xi Jinping visiting the U.S. for the first time in more than six years, protesters seized a rare chance to speak out together on issues that cannot be openly discussed in China.
Hong Kong Exchange Fund rebounds from record loss with US$14.22 billion return in first 9 months, as bonds beat stocks
The war chest used to defend Hong Kong’s currency posted a third quarter loss but still reported a strong returns in the first nine months of 2023 as robust performance in the bond market offset ...
Hong Kong’s monetary authority is working with market regulators on how to get bank transactions done when stock market opens in bad weather
In decades-old practice, the Hong Kong stock market and all of the city's 1,100 bank branches shut down during severe weather. But now the Hong Kong government is urging the local bourse to remain ...
Hong Kong stocks slide with Alibaba’s 10% sell-off as US tech war kills asset spinoff plan, Jack Ma to cut stake
Hong Kong stocks slumped, dragged down by Alibaba Group’s worst sell-off in more than a year, after China’s biggest e-commerce group scrapped a plan to spin off its cloud-computing business amid ...
The Slow, Insidious Attack on Freedom of Religion in Hong Kong
As Hong Kong’s basic freedoms have been dismantled, freedom of religion or belief – perhaps the last liberty still just about standing – is under ever-increasing threat.
Singapore startups struggle to find fintech talent amid competition with Abu Dhabi, Hong Kong
A funding squeeze and uncertain growth prospects are making Singapore startups less than gung-ho about adding to ... time to look for jobs in the Asian financial center. Rivals like Hong Kong and Abu ...
Tanking Alibaba drags Hong Kong as markets rally fades
Asian stocks fell Friday as a rally fuelled by the likely end of US interest rate hikes ran out of puff, while Alibaba dragged Hong Kong down after saying it would cancel the planned spinoff of its ...