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Posted on 30/03/2023

Alibaba’s $20 Billion Logistics Arm Gears Up for Hong Kong IPO

Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has started preparations with banks for its Hong Kong initial public offering ... the first of the Chinese tech firm’s ...

Posted on 30/03/2023

Hong Kong police crack money-laundering syndicate suspected of processing HK$119 million in 2 months

Police arrest 11 suspects in operation on cross-border syndicate suspected of handling scam proceeds Scams took place in mainland China and included investment frauds, fake-official scams and ...

Posted on 30/03/2023

Stocks firmer as investors bet banking crisis is behind them

The Tokyo Stock Exchange (TSE) building is seen in Tokyo, Japan October 1, 2020. REUTERS/Issei Kato ...

Posted on 30/03/2023

Hong Kong Arrests Show No Letup in Beijing-Driven Crackdown on Dissent

HONG KONG—Elizabeth Tang flew home to visit her husband in Stanley Prison, where he is awaiting trial on national security charges. As the 65-year-old labor activist left the Hong Kong maximum ...

Posted on 30/03/2023

Chinese tycoon Chen Hongtian has Hong Kong property that includes Peak house seized by lenders

The 9,212 sq ft property at 15 Gough Hill Road was seized this month by receivers appointed by Bank of East Asia Opus Hong Kong apartment is taken over by receivers on behalf of Bank of Communications ...

Posted on 30/03/2023

Hong Kong’s ‘perfect’ liveability, low taxes are advantages as global finance hub: Paul Chan

Hong Kong's finance chief Paul Chan highlights city's advantages like low taxes, 'perfect' liveability, government-backed ecosystem for start-ups He also makes a strong pitch for the city boosting its ...

Posted on 30/03/2023

Hong Kong police seek HK$5.2 billion for new 5G system to handle ‘massive’ data gathered by frontline officers

The HK$5.2 billion will cover expenses across six financial years, including HK$1.28 billion for ... imposed export bans on defence equipment and dual-use technologies to Hong Kong, hours after ...

Posted on 30/03/2023

Hong Kong stocks slip from 3-week high as China Life slumps while Alibaba and Kuaishou extend rally

Alibaba climbs for a second day after a bullish market response to its proposed business reorganisation; Kuaishou surges as 2022 revenue beat consensus Losses in China Life, Baidu and Lenovo drag the ...

Posted on 30/03/2023

John Lee touts experience, global connectivity of Hong Kong’s professionals during 3-day Hainan visit

Chief Executive John Lee meets Hainan province governor Feng Fei during visit to island centred on Boao Forum for Asia.

Posted on 30/03/2023

Hong Kong fund plans to raise $100 million for crypto investment

ProDigital Future has finished its half-year fundraising period with about $30 million in its pockets, though it plans to total this sum up to $100 million by the end of 2023.

Posted on 30/03/2023

‘Companies are holding out’: Global IPO market slump endures

Ringo Choi, EY’s IPO leader for Asia Pacific — a region that saw a dip ... which could spur a revival, Choi noted. Hong Kong’s Chief Executive John Lee, for example, recently traveled to Saudi Arabia ...

Posted on 30/03/2023

Black Ferns Sevens and All Blacks Sevens set their sights on Hong Kong return

The All Blacks Sevens and Black Ferns Sevens teams return to the HSBC Hong Kong Sevens this weekend. After successfully qualifying for the 2024 Paris Olympics and securing their fourth successive ...

Posted on 30/03/2023

Chinese Tycoon’s $271 Million Mansion Seized in Hong Kong

A Chinese tycoon’s $271 million mansion in the luxurious Peak neighborhood of Hong Kong was taken away by a bank, just years after the businessman made headlines with his record-breaking shopping ...

Posted on 30/03/2023

Hong Kong stocks waver as Alibaba and Kuaishou extend rally while China Life slumps on earnings concerns

Alibaba climbs for a second day after a bullish market response to its proposed business reorganisation; Kuaishou surges as 2022 revenue beat consensus Losses in China Life, Baidu and Lenovo take the ...

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