Tag: banking

This is the Chinese social media giant’s secondary listing where it raised approximately $385 million. Hong Kong-listed shares of Weibo opened 6% lower in their trading debut on Wednesday. Shares ... ( read original story ...)

Alibaba and Tencent-backed mobile game developer QingCi Games Inc. is seeking as much as HK$1.19 billion ($153 million) in a Hong Kong initial public offering (IPO). The Xiamen-based company plans to ... ( read original story ...)

SenseTime intends to dedicate the majority of the funds raised to further research and development on its biometrics and other computer vision technologies. ( read original story ...)

The Government is entirely committed to developing Hong Kong as a green finance hub. Our agenda, and results, bear that out. Just last month, we completed the successful offering of about US$3.75 ... ( read original story ...)

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 ...)

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 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 ...)

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 ...)

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 ...)

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 ...)

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 ...)

China's central bank announced a cut in banks' reserve-requirement ratio with effect from December 15, set to unleash US$188 billion of liquidity into the system Alibaba Group posts in one of the ... ( read original story ...)

December was expected to show the return of major initial public offerings (IPOs) to Hong Kong after months marked by a drought of big deals, but plans are changing fast and not in a good way. China ... ( read original story ...)

Investors are monitoring a number of issues in China that range from Alibaba's management reshuffle to confusion over delistings. ( read original story ...)