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Posted on 10/09/2023

Hong Kong’s investment arm to start funding projects by year-end

The Hong Kong Investment Corp. (HKIC), a government-owned investment operation created last October, is actively selecting potential projects and is expected to begin pouring money into them by ...

Posted on 10/09/2023

Hong Kong’s weather making life more challenging

A WEEK after buildings swayed and the seas swelled under the high winds of super typhoon Saola, Hong Kong faced a new disaster: 600 mm of rain in 24 hours, a deluge that flooded roads, triggered ...

Posted on 10/09/2023

How Gen-X Cops led Hong Kong’s new-style ’90s action films that featured young actors, more special effects … and sub-par scripts

Hong Kong cinema was flagging in the late 1990s, and filmmakers looked to Hollywood for inspiration, changing how they made action films Gen-X Cops was a classic example of the new style, with younger ...

Posted on 10/09/2023

Alibaba’s grocery unit IPO put on ice amid disappointing valuation, Bloomberg reports

China's Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for consumer stocks, Bloomberg News reported on ...

Posted on 09/09/2023

Hong Kong flood aftermath: retailers call for shopping centre operators to cover thousands of dollars in business losses caused by record rainfall

Some shopping centres were left partially flooded after Hong Kong was struck by worst rainstorm in more than a century on Friday, with clean-up efforts continuing into next day.

Posted on 09/09/2023

Hong Kong police arrest 5 in crackdown on crime syndicates behind laundering of HK$105 million using tens of thousands of prepaid cards

HK$8,000 limit for one-off prepaid cards designed to prevent anonymous money laundering, according to police Two wine trading companies purchased over 40,000 prepaid cards worth more than HK$20 ...

Posted on 09/09/2023

Hong Kong rents to rise by most in 11 years as returning students, new professionals battle for housing: Midland Realty

it is believed that there will be an increasing inflow of talent to Hong Kong in the coming year, which will subsequently boost the local property market,” said Sammy Po, chief executive officer ...

Posted on 09/09/2023

Hong Kong’s much-loved film star Brigitte Lin takes on new role as ambassador for dementia project

Lin, now 68, shares her secrets for retaining a sharp mind as dementia prevention project announcedChinese University and Charles K Kao Foundation for Alzheimer’s Disease join forces to help fight the ...

Posted on 09/09/2023

Alibaba’s Grocery Unit IPO Put on Ice Amid Disappointing Valuation – Bloomberg News

Alibaba has concluded it could likely achieve a valuation of around $4 billion for Freshippo, which is lower than the $6 billion to $10 billion value it was targeting when it considered raising a ...

Posted on 09/09/2023

Record flooding strikes Hong Kong as deadly deluge injures over 140, brings city to standstill

Record-breaking rain from the remnants of Typhoon Haikui has caused historic flooding in Hong Kong, resulting in at least two deaths reported, over 140 injuries, and widespread landslides.

Posted on 09/09/2023

Record rainfall slams Hong Kong, leaving over 100 injured

Historic rainfall has paralyzed Hong Kong, washing out roads and flooding buildings. The deadly storm is the heaviest in over a century, leaving over 100 people injured.

Posted on 09/09/2023

B.C.’s Cantonese speakers fight to preserve language amid uncertainty in Hong Kong

Some Metro Vancouver Cantonese speakers say the fate of the language is uncertain in its homeland, and overseas communities play a vital role in its preservation.

Posted on 09/09/2023

Extreme rainfall in Hong Kong, Brazil and Greece leaves dozens dead after flash flooding

Unprecedented flooding from extreme rainfall events on multiple continents around the world has left dozens dead and displaced thousands since the start of September. The extraordinary scenes of ...

Posted on 09/09/2023

Alibaba’s Freshippo IPO Plans Take a Backseat as Valuation Expectations Adjust

Alibaba Group Holding Ltd (NYSE: BABA) has decided to delay the potential Hong Kong initial public offering (IPO) of its Freshippo grocery chain due to subdued investor sentiment in the consumer ...

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