With an ROE of 19.22%, Winson Holdings Hong Kong Limited (SEHK:8421) outpaced its own industry which delivered a less exciting 8.43% over the past year. On the surface, this looks fantastic since we know that 8421 has made large profits from little equity ... ( read original story ...)
Xiaomi Wins Hong Kong Stock Exchange Approval for IPO
Xiaomi Corp. has won Hong Kong stock exchange approval for its planned initial public offering, which would be the first listing in the city with weighted voting rights, people with knowledge of the matter said. The smartphone maker passed its so-called ... ( read original story ...)
Rainstorm warning lowered to amber as Tropical Storm Ewiniar moves away from Hong Kong
The Hong Kong Observatory lowered the rainstorm warning signal to amber at 12.30pm on Friday, just one hour after it issued the red signal. The change means the heavy rain is easing or expected to ease all over the city. Observatory senior scientific ... ( read original story ...)
This Hong Kong ‘Smart Ring’ Startup Raised $2.5M To Crack The Wearables Market
When you think wearables, the first things that come to mind are probably smartwatches and fitness bands. Wearables surfaced as a mainstream consumer electronics trend about four years ago, but eventually the trend tapered. One Hong Kong startup, Origami ... ( read original story ...)
Global travel tech start-up takes off in Hong Kong
Global travel tech start-up Hey Travelista announced today (June 8) that it has opened its Hong Kong office as the global headquarters to launch its new online travel platform for affluent travellers in Asia. Hey Travelista offers its registered members ... ( read original story ...)
Game live streaming platform Douyu rumored to plan IPO in Hong Kong
Tencent-backed game live-streaming platform Douyu(斗鱼) is reported to plan an initial public offering in Hong Kong. The company is said to plan to raise more than $ 700 million. However, the company declined to comment on the information. Douyu was ... ( read original story ...)
Former financial secretary John Tsang joins fintech-focused merchant bank Ion Pacific
John Tsang Chun-wah, Hong Kong’s former financial secretary who was defeated last year in his bid to become the city’s chief executive, has joined fintech-focused merchant bank Ion Pacific as its vice-chairman. Set up in 2015 in Hong Kong, Ion Pacific ... ( read original story ...)
Hong Kong democracy activist Joshua Wong tells court police forced him into car and handcuffed him without warning
Hong Kong democracy activist Joshua Wong Chi-fung was “dragged” into a police car and handcuffed without warning last year during a protest ahead of the city’s annual anti-government rally on July 1, a court heard on Thursday. On the morning of ... ( read original story ...)
Hong Kong’s Education University wages war on BPAs, other hormone-disrupting chemicals as it joins China’s State Key Laboratories network
A research outfit at Hong Kong’s Education University is declaring war on what could be the next big global environmental and public health concern: chemicals that can wreak havoc with the hormones of animals and humans. The unit, to be admitted to a ... ( read original story ...)
Hong Kong rail giant MTR Corp says subcontractor Fang Sheung Construction did substandard work in Sha Tin-Central link platform scandal
Hong Kong’s railway operator has singled out a subcontractor as the likely culprit behind the corner-cutting scandal which hit its HK$97.1 billion Sha Tin-Central rail link, just a day after claiming it did not know who did the shoddy work found on its ... ( read original story ...)
Filibustering Hong Kong’s controversial rail checkpoint bill will not delay bill, pro-democracy lawmakers told
Pro-democracy lawmakers will not be able to affect the progress of a bill on a controversial joint checkpoint at Hong Kong’s express rail terminus, a pro-establishment camp leader has said. The second reading of the co-location bill began at the ... ( read original story ...)
Mining Giant Bitmain’s CEO Wu ‘Open’ to Hong Kong IPO, Report Says
The CEO of Bitcoin mining tech giant Bitmain has appeared to confirm he would be interested in conducting an IPO for the company in future. The potential move would mimic Canaan, one of the company’s main competitors, which announced its intention to ... ( read original story ...)
Hong Kong property giant CK Asset to redevelop Central’s Hutchison House as valuations soar
Hong Kong property giant CK Asset Holdings plans to redevelop its 44-year-old Hutchison House office tower in the city’s Central district, a move that could triple the property’s value in the latest reshuffle of assets by the conglomerate after the ... ( read original story ...)
Media: Xiaomi comes closer to HK IPO
[Photo/Agencies] Chinese technology giant Xiaomi is expected to stand at a listing hearing for formal approval of initial public offering on the Hong Kong stock exchange Thursday, a step closer to a listing for the company in the city in early July ... ( read original story ...)