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Tag: business

Posted on 28/09/2023

Trading of shares of debt-laden property developer China Evergrande suspended in Hong Kong

The Hong Kong stock exchanges says share trading of the debt-laden Chinese property developer China Evergrande Group has been suspended ...

Posted on 28/09/2023

Hong Kong’s night scene: A tour of city’s evening hotspots reveals what’s hot and what’s not as consumers weigh in on what will get it alive and kicking again

City is struggling to revive nightlife as it grapples with shifting tourism patterns, changed spending habits and economic slowdown after emerging from pandemic Young people remain lukewarm to ...

Posted on 28/09/2023

Logistics firm Cainiao seeks IPO in Hong Kong

It had submitted a spin-off proposal to the Hong Kong bourse, and received authorization to proceed ... Meanwhile, Cainiao and AliExpress, Alibaba's business-to-customer platform, announced the launch ...

Posted on 28/09/2023

Chinese tycoon Chen Hongtian’s seized luxury Hong Kong flat sells for US$53 million, 39% below market price

A 5,154 sq ft flat in Opus Hong Kong, seized from Chen Hongtian earlier this year, has sold for US$53 million to Kwai Sze Hoi, chairman of Hong Kong-listed Ocean Line Port Development, sources say.

Posted on 28/09/2023

Hong Kong to ease property cooling measures amid falling prices? Finance chief Paul Chan offers strongest hint yet

Paul Chan says the property market situation is different from that when the government introduced the management measures in 2010 Chan returned home after touring Europe at the head of a 130-strong ...

Posted on 27/09/2023

Don’t write off Hong Kong and mainland China despite headwinds, Post’s ‘Redefining Hong Kong’ conference hears

Hong Kong and mainland China might be facing headwinds currently, but investors should not write them off as investment opportunities still abound, analysts say at a family office conference hosted by ...

Posted on 27/09/2023

Family offices from all corners of the globe eye Hong Kong as new incentives start to bear fruit, financial forum hears

Government efforts to attract billionaires to set up family offices in Hong Kong have already caught the attention of wealthy individuals from mainland China, Asia, the Middle East and further afield, ...

Posted on 27/09/2023

Hong Kong bourse operator HKEX to launch digital IPO platform FINI on November 22, eyes cutting settlement times from 5 to 2 days

Hong Kong Exchanges and Clearing, which operates Asia’s third largest stock market, will launch a long-awaited new digitalised IPO platform on November 22 in its latest push to reboot the city’s new ...

Posted on 27/09/2023

Sunevision Launches The First Startup Programme

HONG KONG SAR - Media OutReach - 27 September 2023 - SUNeVision Holdings Ltd. (SUNeVision, SEHK: 1686), the number one data centre provid ...

Posted on 27/09/2023

Retailers report boost in foot traffic as ‘Night Vibes Hong Kong’ campaign gathers pace

K11 Group behind shopping centre in Tsim Sha Tsui says weekend footfall traffic up 30 per cent over previous one due to launch of ‘Night Market by the Sea’.

Posted on 27/09/2023

Hong Kong marketers looking to adopt generative AI tools face multiple challenges, such as copyright and legal risks

Speakers at Interactive Advertising Bureau event in Hong Kong say there are many obstacles to adoption of generative AI tools Businesses in the city find that copyright concerns and legal and privacy ...

Posted on 26/09/2023

Will Singapore or Hong Kong finance the South’s next transition?

Within Asia, the richer and aging North East Asia (Japan, South Korea, China, Taiwan, Hong Kong SAR) are huge net savers, with net investment surpluses (including Singapore), amounting to $10.4 ...

Posted on 26/09/2023

Alibaba’s Cainiao Files for $1 Billion-Plus Hong Kong IPO

Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group Holding Ltd., has filed for its Hong Kong initial public offering, potentially making it among the first of the Chinese ...

Posted on 26/09/2023

Alibaba to spin-off logistics unit Cainiao in Hong Kong IPO

Alibaba (NYSE:BABA) is spinning off its logistics unit Cainiao Network Technology via an IPO on the the Main Board of the Hong Kong Stock Exchange. In a regulatory filing on Tuesday, the Chinese ...

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