A fintech company in Hong Kong has acquired a traditional bank in Indonesia after raising $240 million to expand its digital banking services ... ( read original story ...)
Hong Kong loses its shine amid tough virus measures
The bustling business hub and cosmopolitan city of Hong Kong could lose its shine among foreign companies and expatriates with its stringent quarantine restrictions. (Dec. 7) ... ( read original story ...)
AI Giant SenseTime’s USD769 Million Hong Kong IPO Gets Underway
SenseTime, China’s biggest artificial intelligence company, has started accepting subscriptions ahead of its HKD6 billion (USD769 million) initial public offering on the Hong Kong stock exchange on ... ( read original story ...)
AI unicorn SenseTime plans to raise $768 million in downsized Hong Kong IPO
China’s top AI firm SenseTime plans to raise HK$5.99 billion ($768 million) in its Hong Kong debut, down about 62% from a reported $2 billion goal. The company is selling 1.5 billion shares between ... ( read original story ...)
Alibaba jumps most since Hong Kong Listing as China tech rebounds
Alibaba Group Holding Ltd. soared by the most since its 2019 listing in Hong Kong, leading a rebound in Chinese tech stocks, as bargain hunters piled in amid improved sentiment following Beijing’s ... ( read original story ...)
Online Finance Startup WeLab to Take Control of Indonesian Bank
Hong Kong online finance group WeLab Ltd. is to acquire control of a small Jakarta bank with an eye toward launching nationwide online banking in Indonesia. WeLab, which opened a virtual bank in Hong ... ( read original story ...)
Cosmopolitan business hub Hong Kong loses shine amid tough COVID-19 restrictions
The bustling, cosmopolitan business hub of Hong Kong may be losing its shine among foreign companies and expatriates with its stringent anti-pandemic rules ... ( read original story ...)
Chinese AI group SenseTime launches downsized Hong Kong IPO
Chinese artificial intelligence developer SenseTime Group aims to raise as much as $767 million as it opens its initial public offering in Hong Kong on Tuesday. ( read original story ...)
Salary report 2022 market outlook, Hong Kong – Banking and financial services
At four to eight months, securities firms are set to offer the highest bonus packages to their compliance professionals in Hong Kong. ( read original story ...)
Hong Kong fintech unicorn WeLab raises $240M to buy Indonesian bank
A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank. With the deal, WeLab ... ( read original story ...)
Are Hong Kong’s banks ready for a digital transformation?
Hong Kong consumers are embracing digital banking amid a significant shift in how banks craft customer experience and design product offerings, according to the latest edition of McKinsey’s survey of ... ( read original story ...)
Hong Kong loses shine amid tough coronavirus restrictions
The bustling, cosmopolitan business hub of Hong Kong may be losing its shine among foreign companies and expatriates with its stringent anti-pandemic rules requiring up to 21 days of quarantine for ne ... ( read original story ...)
Executives Go First When China-Hong Kong Border Opens, Lam Says
Hong Kong will prioritize quarantine-free travel for business people when its China border reopens, Chief Executive Carrie Lam said, warning that the city’s vaccination rate could curb a broader ... ( read original story ...)
Alibaba Jumps as Much as 9.1% in Hong Kong in Broad Tech Rebound
Chinese tech stocks in Hong Kong on Tuesday, as bargain hunters piled in amid improved sentiment following Beijing’s move to bolster the economy. Shares of the e-commerce giant advanced as much as 9.1 ... ( read original story ...)