Alibaba beat on the big three numbers investors and analysts care about: Revenue, Adjusted Net Income, and Adjusted EPS. ( read original story ...)
Haagen-Dazs cookies and cream, Belgian chocolate ice cream products to be pulled from Hong Kong shelves over pesticide fears
Hong Kong’s Centre for Food Safety says the products, imported from France, may be contaminated with a pesticide, ethylene oxide. ( read original story ...)
Little-known Hong Kong digital firm’s mcap more than Goldman Sachs, Disney and TCS
At an IPO price $7.80 a piece, AMTD Digital's stock price surged to a high of over $2,500 on volumes of a little over 2.5 lakh shares on Tuesday, taking the value of the company to more than $385 ... ( read original story ...)
Kingsoft Cloud Joins Chinese Companies Pivoting To Hong Kong As Delisting Risk Grows
Kingsoft Cloud has joined more than 100 companies that can be delisted in the U.S. amid an impasse in talks between Washington and Beijing. Read more. ( read original story ...)
Hong Kong Billionaire Li Ka-shing’s Firm To Sell Stake In Fintech Upstart
Hong Kong billionaire Li Ka-shing's firm is selling its stake in the parent company of fintech upstart AMTD Digital, according to a statement released Thursday, after the company enjoyed a massive ... ( read original story ...)
ANALYSIS-Hong Kong’s cheap funding window shrinks as banks feel cash tighten
Investors who have exploited Hong Kong's cheap interest rates all year to fund other trades globally are finding that the window is closing as local cash conditions tighten and the city's lenders come ... ( read original story ...)
Hong Kong reports 5,020 new COVID cases on Thursday
Hong Kong reported more than 5,000 new COVID-19 infections on Thursday and three new deaths, as daily infections continue to rise. The island, which enforces some of the toughest COVID restrictions in ... ( read original story ...)
AMTD Digital: How a small Hong Kong firm’s shares soared
A little-known Hong Kong company has seen its stock market value soar in recent days, for no apparent reason. AMTD Digital made its New York debut last month, priced at $7.80 a share. This week, the ... ( read original story ...)
This fintech stock rallies over 32,000% since July IPO before plunging to half in value
The stock has soared about 21,000% since its July IPO, when it listed at a price of $7.80 its New York debut last month, and this the firm's shares have been on a rollercoaster ride, closing on ... ( read original story ...)
Wall Street CEOs Want Zero Quarantine for Hong Kong’s Big Summit
Several of Wall Street’s biggest banks have made quarantine-free travel a precondition for senior executives to attend a Hong Kong conference designed to trumpet the financial hub’s revival after ... ( read original story ...)
How a small Hong Kong firm saw its shares soar
A little-known Hong Kong company has seen its stock market value soar in recent days, for no apparent reason.AMTD Digital made its New York debut two weeks ago, priced at $7.80 a share.This week, the ... ( read original story ...)
Coronavirus: Hong Kong civil service chief ‘encouraged’ by parents’ response on first day of lowered age threshold for Sinovac vaccine, with 150 bookings in first 30 …
Hong Kong’s civil service minister has said she is “encouraged” by the response from parents, with some 150 bookings made within the first half-hour of the launch of a scheme extending availability of ... ( read original story ...)
This little-known fintech has surged 21,000% since its July IPO
AMTD Digital, which provides loans and services to startups in exchange for fees, has generated only $25 million in revenue for the year ended April 2021 ... ( read original story ...)
Hong Kong’s Hang Seng lead gains in Asia; Alibaba rises around 4% ahead of earnings
Asia-Pacific shares traded higher on Thursday as investors move on from the tensions over U.S. House Speaker Nancy Pelosi's controversial visit to Taiwan. ( read original story ...)