The funding round was led by Lone Pine Capital and included previous backers 1835i Ventures, Russian billionaire Yuri Milner’s DST Global, Salesforce Ventures and Sequoia Capital China. ( read original story ...)
Hong Kong loan schemes that have paid out HK$170 billion amid pandemic to be extended 6 months, Carrie Lam says
Three of Hong Kong’s government-backed borrowing schemes will be extended by six months in a bid to ease the continuing burden on individuals and companies created by the Covid-19 pandemic, the city’s ... ( read original story ...)
Hong Kong stocks slip as China Evergrande default concerns dent sentiment while tech stocks struggle
Hong Kong stocks approached a one-year low amid concerns about a wider fallout from China Evergrande Group’s debt crisis while tech stocks struggled. Local developers and Macau casino operators ... ( read original story ...)
DJ HK Bourse: Results Announcement From Suncorp Technologies
For the six months ended 30 June 2021 UNAUDITED INTERIM RESULTS The board of directors (the "Board" or "Directors") of SunCorp Technologies Limited (the "Company") presents the unaudited condensed ... ( read original story ...)
Hong Kong Stocks Mixed; Evergrande Falls, Casinos Rebound, EV Makers Slide
Police officers look at people gathering at the Evergrande headquarters in Shenzhen on September 16, ... [+] 2021, as the Chinese property giant said it is facing "unprecedented difficulties." (Photo ... ( read original story ...)
New Global Start up Shopstream Rolls Out B2C Live Social Marketplace
Shopstream – a new lifestyle APP launches in Hong Kong this September as the first stop to a global rollout. Shopstream is a B2C focused "live social shopping" marketplace with a curated portfolio of ... ( read original story ...)
Portwood Capital discusses why Hong Kong property firms differ from those in mainland China
Peter Churchouse of Portwood Capital says the China property companies have burnt themselves with huge debt over the last 15 years, but the average debt ratio in Hong Kong is one of the lowest in the ... ( read original story ...)
Hong Kong leader defends election after single opposition figure makes it to 1,500-strong committee
Carrie Lam rejects criticism over the lack of opposition figures in the election committee, saying ‘non-patriots’ may undermine Hong Kong ... ( read original story ...)
Hong Kong’s new, patriots-only governance to prioritise housing issues – Lam
Solving Hong Kong's shortage of housing and increasing land supply will be key priorities for authorities under the new, "patriots only" political system imposed by Beijing, Chief Executive Carrie Lam ... ( read original story ...)
Iron curtain falls on Hong Kong cinema as censors demand cuts
Once renowned for world-class cinema, Hong Kong's film industry was already struggling before the latest hurdle -- Chinese mainland-style censorship as authorities take their purge of dissent into the ... ( read original story ...)
Hong Kong’s new, patriots-only governance to prioritize housing issues – Lam
Solving Hong Kong's shortage of housing and increasing land supply will be key priorities for authorities under the new, "patriots only" political system imposed by Beijing, Chief Executive Carrie Lam ... ( read original story ...)
Sun Hung Kai Disputes Report China Pressing Hong Kong Developers
Hong Kong’s biggest developer and a real estate industry group poured cold water on the notion that the Chinese government is putting pressure on the city’s developers.Most Read from BloombergThe ... ( read original story ...)
U.S. Futures Inch Higher, Hong Kong Stocks Stabilize
U.S. futures edged higher, suggesting American markets could regain some ground Tuesday, after concerns about the Chinese property sector helped fuel a global selloff in the previous session. ( read original story ...)
Hong Kong Stock Market Expected To Open Under Pressure Again
The Hong Kong stock market turned emphatically lower again on Monday, one session after ending the four-day losing streak in which it had plummeted more than 1,530 points or 6 percent. The Hang Seng ... ( read original story ...)