A Hong Kong company whose board includes a brother of former U.S. President George W. Bush plunged suddenly Friday, fueling speculation of a margin call. ( read original story ...)
China funds targeting Ant IPO rake in $9 billion from over 10 million investors
Five newly launched Chinese funds targeting Ant Group's upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within ... ( read original story ...)
China Inc. Set for Biggest U.S. IPO Year Since ‘14 Amid Spat
Chinese companies are choosing to make their market debuts in the U.S., even as Beijing and Washington spar over everything from trade and coronavirus to audit access. ( read original story ...)
Chinese funds targeting Ant IPO draw $9B from millions of retail investors
Five new Chinese funds targeting the giant upcoming IPO of Ant Group (NYSE:BABA) sold out in days and have cumulatively raised 60B yuan - about $8.93B - from more than 10M retail investors. ( read original story ...)
Dual Flu-Covid Nasal Spray Vaccine to Start Trial in Hong Kong
An experimental dual vaccine for both influenza and the new coronavirus delivered via a nasal spray will enter human studies in Hong Kong next month, a top infectious diseases doctor said. ( read original story ...)
Hong Kong logistics unicorn Lalamove makes foray into the US
The startup was one of the first in Hong Kong to hit the $1 billion unicorn valuation mark alongside its archrival GoGoVan. Its business is multifold and highly localized, but essentially it works ... ( read original story ...)
Hong Kong’s last authentic junk in troubled waters
Hong Kong's last authentic junk boat is struggling to stay afloat due to a lack of overseas tourists. The Dukling normally takes foreign visitors on scenic trips around its bays but these have dried ... ( read original story ...)
Hong Kong performers long for the stage as pandemic drags on
Hong Kong's performing arts community has been brutally hit by the coronavirus pandemic, which has left theatres empty and stage lights cold -- and there is little hope on the horizon even as ... ( read original story ...)
Ant’s IPO Runs Low on Time to Avoid U.S. Election Turbulence
Jack Ma’s Ant Group has a narrow window to make its much-anticipated market debut ahead of U.S. election turbulence. Now its bankers must grapple with any potential delays stemming from a debate in ... ( read original story ...)
Renewed Support Called For Hong Kong Stock Market
The Hong Kong stock market on Thursday snapped the four-day winning streak in which it had jumped almost 1,000 points or 4.1 percent. The Hang Seng Index now rests just beneath the 24,200-point ... ( read original story ...)
Hong Kong subprime lender PrimeCredit is back on sale for at least US$600 million with ZA Bank, Elephant Club among early suitors
The subprime lender is said to be valued at no less than US$600 million, with Hong Kong's first virtual lender, ZA Bank, and local online fund and peer-lending firm Elephant Club among the interested ... ( read original story ...)
Opposition made the right decision to stay in Legco and start political healing in Hong Kong
In deciding to remain in the legislature, the pan-democrats risk accusations of betrayal and voter rejection. But everyone needs to let go of something for the greater interest of Hong Kong. ( read original story ...)
The first lab-grown meat for sale could come from this Singapore startup that’s re-creating shrimp
Shiok Meats is among a bevy of companies hoping to win the "edible space race" by making cell-cultured beef, chicken and even bluefin tuna and foie gras. ( read original story ...)
Hong Kong’s Woes to Help Japan Woo Financiers, Top Official Says
China’s crackdown on Hong Kong and new limits on overseas workers in Singapore could help Japan raise its profile as a global financial hub, despite its higher taxes, according to Japan’s new vice ... ( read original story ...)