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Tag: business

Posted on 02/06/2023

Medifast pulls out of Hong Kong, Singapore to free up capital for future growth

Medifast is exiting two markets in the Asia-Pacific and planning to instead devote those resources to new areas of growth, including going after the Hispanic market.

Posted on 01/06/2023

Asia-Pacific family offices continue ‘strategic shift’, to increase equities and developed-market fixed-income asset allocations: UBS

Family offices in the region will increase their allocations to equities and developed-market fixed-income assets over the next five years, with most interested in medical and health-related ...

Posted on 01/06/2023

Hong Kong raises record US$6 billion from green bond offering as city pushes ahead with its sustainable financing hub ambitions

Hong Kong raised a record US$6 billion in its biggest multicurrency green bond offering, as the government looks to establish the city as a leading international green financing hub.

Posted on 01/06/2023

China AI startup MiniMax raising over $338m from Tencent-backed entity, others: Sources

BEIJING/HONG KONG - Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than US$250 million (S$338 ...

Posted on 01/06/2023

China AI start-up MiniMax raising over US$250 million from Tencent-backed entity: Sources

Chinese start-up MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than US$250 million that will value it at about ...

Posted on 01/06/2023

China AI startup MiniMax raising over $250 mln from Tencent-backed entity, others – sources

Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about $1.2 ...

Posted on 01/06/2023

Hong Kong’s first step in regulating crypto comes with high costs, but exchanges are undeterred

"The ability to provide a regulated trading venue for crypto derivatives could attract significant business into Hong Kong and the volumes have the potential to be significantly higher than for spot ...

Posted on 01/06/2023

Cathay Pacific discrimination scandal: creating an inclusive Hong Kong is everyone’s business

many professionals are working tirelessly to uphold Hong Kong’s image as a world-class destination, while others are striving to rebuild business and tap the rebound in mainland arrivals after the ...

Posted on 01/06/2023

10 Most Undervalued Hong Kong Stocks To Buy According To Hedge Funds

What Makes Hong Kong Special? Being a financial hub and home to some of ... Lee is also taking key measures to revive business conferences in the region, according to Bloomberg.

Posted on 01/06/2023

Chinese ChatGPT Rival Mobvoi Files for Hong Kong IPO

Google-backed Chinese artificial intelligence company Mobvoi Information Technology Co. Ltd. filed Tuesday for an initial public offering on the Hong Kong Stock Exchange. The Beijing-based startup, ...

Posted on 01/06/2023

Hong Kong’s South China Morning Post wins haul of awards for digital, print and photography both locally and internationally

Post wins 41 awards from the Society of News Design, including ‘Best in Show’ from a large organisation category for ‘Life in Hong Kong’s Shoebox Housing’.

Posted on 31/05/2023

AIA, Tencent, Xiaomi – some of Hong Kong’s top listed firms – boost share buy-backs as bear market sets in

At least 26 companies disclosed buy-backs totalling HK$667 million (US$85.2 million) on Tuesday, according to data compiled by Securities Times. AIA has been the most active this year, acquiring ...

Posted on 31/05/2023

Hong Kong insurers AIA, HSBC Life, Manulife and Prudential cash in as first-quarter sales to Chinese visitors soared 28-fold

Life insurance sales to mainland Chinese visitors rose by 28 times in the first quarter, as the reopening of the border unleashed a wave of pent-up demand, data from the Insurance Authority showed.

Posted on 31/05/2023

Hong Kong’s most comprehensive historical book was published back in 1957. It’s time for a new one

With Hong Kong at a crossroads, the time is ripe for another book providing broad-ranging insight into the city, a feat not attempted since 1957’s comprehensive history work Hong Kong Business ...

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