In a move that could bring in as much as $1 billion in funding, facial recognition firm Megvii is reportedly mulling an initial public offering (IPO). Sources, however, said that the idea is still in ... ( read original story ...)
More Details Emerge About Possible Executive Succession, IPO, and Layoffs at Bitmain, World’s Largest Cryptomining Firm
Like competing Chinese crypto-miner manufacturing firms Canaan and Ebang, Bitmain is currently seeking approval to conduct an IPO in Hong Kong from local regulators. Canaan and Ebang’s applications ha... ( read original story ...)
China’s Wanda files for U.S. IPO of sports unit to raise up to $500 million: sources
HONG KONG/NEW YORK (Reuters) - Chinese conglomerate Dalian Wanda ... which could happen in the first half of this year, the sources said. The IPO could raise between $300 million and $500 million, the ... ( read original story ...)
State of the Market: Hong Kong & Singapore
But it was not all doom and gloom as steady corporate work continued to keep law firms busy. HONG KONG: IPO BOOM PROVIDES A LIFT AS PRC FIRMS CONTINUE TO MAKE THEIR PRESENCE FELT There were two overar... ( read original story ...)
Alibaba-Backed AI Startup Said to Mull Up to $1 Billion IPO
Megvii, the owner of facial recognition developer Face++, is considering an initial public offering in Hong Kong that could net as much as $1 billion, people familiar with the matter said. Megvii is w... ( read original story ...)
Hong Kong Airlines shrugs off cash flow concerns and says ‘it’s business as normal’ despite being under growing financial strain
Hong Kong Airlines has insisted it will be able to meet its financial obligations, despite sources saying it had been under growing strain over the past 12 months. Over that time the company has delay... ( read original story ...)
Hong Kong’s rural hinterland could hold key to chronic land crunch
HONG KONG (Reuters) - Hong Kong's government says it needs to build billions of dollars' worth of artificial islands to give the city's glittering skyline room to grow, but critics say developers are ... ( read original story ...)
Top officials join Hong Kong Catholics in packed cathedral for Bishop Michael Yeung’s funeral mass
Hong Kong’s top leaders streamed into a packed cathedral for Bishop Michael Yeung Ming-cheung’s funeral mass on Friday morning, before the late reverend was to be buried in a cemetery in Happy Valley. ... ( read original story ...)
Hong Kong, Singapore investors keen on venture capital investment in Bangladesh: BIDA
Young entrepreneurs who take the risk of starting a new business or startup need that initial funding. Aminul Islam engages with all venture capital-related organisations to increase investments ... ( read original story ...)
Fears of cargo cartel spark probe into ‘super alliance’ at Hong Kong container terminal
Hong Kong’s competition watchdog has opened an unprecedented investigation into whether a new “super alliance” between four of the five operators at one of the world’s busiest container ports breaches ... ( read original story ...)
Mongolian state coal miner chooses Hong Kong for $3bn IPO
ULAANBAATAR -- The Mongolian state company controlling one of the world's largest coal mines plans to raise up to $3 billion in a public stock offering in Hong Kong this year. The listing of 30% ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) firm on continued trade optimism and surging crude oil prices
The Hang Seng Index now rests just above the 26,460-point ... Industrial and Commercial Bank of China collected 3.08 percent, BOC Hong Kong accelerated 3.00 percent, AIA Group added 2.97 percent, Ping ... ( read original story ...)
Hong Kong, China stocks steady even as trade talks end without concrete results
In other news, according to Bloomberg, Citigroup suspended an equities trader in Hong Kong in the past few weeks as it started to examine the New York-listed investment bank’s dealings with some clien... ( read original story ...)
Hong Kong Moves to Make Disrespecting Chinese Anthem a Crime
(Bloomberg) -- Hong Kong unveiled legislation to make disrespecting China’s national anthem a crime -- from internet posts to sporting events -- fueling concern about free speech in the former British ... ( read original story ...)