Funds will help secure rice, flour and blankets, among other necessities, for the victims of the flooding that has killed more than 300 people. ( read original story ...)
How Kuaishou, Hong Kong’s hottest IPO in 2021, became a cautionary tale of overexuberance in Chinese tech stocks
In the broader crash of Chinese tech stocks, Kuaishou has become the worst-performing listed firm in this market. ( read original story ...)
Greater Bay Airlines: Hong Kong’s New Startup
Another startup from Hong Kong, (GBA), is out on the horizon and expects to start flights by 1 October this year. ( read original story ...)
Hong Kong Market ends higher
At closing bell, the benchmark Hang Seng Index advanced 0.4%, or 104 points, to 26,283.40. The Hang Seng China Enterprises Index added 0.44%, or 40.42 points, to 9,313.97. ( read original story ...)
TikTok parent ByteDance is reportedly planning a Hong Kong IPO despite the ongoing crackdown from Beijing
The social media company is targeting a Hong Kong IPO in either the fourth quarter of 2021 or early 2022, the report said. ( read original story ...)
Chinese music group pulls $1bn Hong Kong IPO after tech crackdown
China’s second-largest music streaming service has scrapped a $1bn initial public offering in Hong Kong as concerns about a growing regulatory crackdown on the country’s technology groups have hit ... ( read original story ...)
TikTok owner plans to hold IPO in Hong Kong in 2021-2022
China’s ByteDance, the owner of TikTok, has unveiled plans to hold its initial public offering (IPO) on the Hong Kong Stock Exchange late in 2021 or early 2022, reported Sptutnik. Financial Times ... ( read original story ...)
NetEase unit Cloud Village pauses Hong Kong IPO as China’s antitrust scrutiny weighs on internet firms’ fundraising plans
The operator of NetEase Cloud Music originally planned to raise as much as US$1 billion , after winning the Hong Kong stock exchange’s approval, the Post had previously reported. Cloud Village’s ... ( read original story ...)
Sandwiched between superpowers: Is Hong Kong just a pawn in US-China rivalry, Pana Janviroj reports in the final of a two-part series
They were speaking at a webinar on “The Future of Hong Kong & Division of China-US lenses” organized by Asia News Network, an alliance of 23 national media in 20 Asian countries. ( read original story ...)
Hong Kong finance experts on optimizing customer journeys whilst mitigating fraud risks
LexisNexis Risk Solutions and Asian Banking & Finance's latest webinar discussed ways on how the most tech-savvy banks are safeguarding their clients' data whilst not compromising services. As Hong ... ( read original story ...)
Hong Kong cannot improve online learning with more money alone
to in-person teaching and learning in Hong Kong. While these disruptions have ... for International Student Assessment (PISA) results, McKinsey The necessity of teachers’ guidance and ... ( read original story ...)
TikTok owner ByteDance said to aim for Hong Kong IPO by early 2022
ByteDance, the worlds most valuable startup, is planning to list in either the fourth quarter of this year or in early 2022, the FT reported. The TikTok owner has been working on addressing data ... ( read original story ...)
Hong Kong’s retail market has recovered as social distancing measures eased, Fortune REIT CEO says
Justina Chiu, CEO of Fortune REIT, says foot traffic and hourly carpark income are almost back to pre-Covid levels for their portfolio malls. She adds there was a pick up in sales for the first half ... ( read original story ...)
Hong Kong stocks advance as HSBC, AIA offer safety while tech firms struggle to shake off regulatory overhang
Financial heavyweights are keeping the Hong Kong stock market up as Chinese tech companies struggle with another bout of bad press and price volatility. ( read original story ...)