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Tag: business

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 ...

Posted on 31/05/2023

Hong Kong Shares May See Renewed Consolidation

The Hong Kong stock market on Wednesday snapped the four-day losing streak in which it had slumped almost 1,230 points or 6 percent.

Posted on 31/05/2023

9,500 Hong Kong motorists sign up for scheme to drive in mainland China, nearly 7 times quota limit

Authorities have fixed quota of 200 cars per day in first week and 300 daily in second to ensure smooth start.

Posted on 31/05/2023

Law firm Akin Gump adds special situations partner in Hong Kong

U.S. law firm Akin Gump Strauss Hauer & Feld said on Tuesday that it has added partner Tarun Warriar to its special situations and private credit team in Hong Kong, less than a month after losing its ...

Posted on 31/05/2023

Sequoia China-Backed AI Startup Xtalpi To Partner With Pharma Giant Eli Lilly In $250 Million Novel Drug Deal

S henzhen-based Xtalpi, an AI-powered drug discoverer, announced Tuesday it has partnered with U.S. pharmaceutical giant Eli Lilly in a deal worth up to $250 million to unearth potential medicines for ...

Posted on 30/05/2023

Hong Kong stocks slide amid cautious sentiment amid US debt-ceiling deal as Chinese shares enter bear market

Hong Kong stocks wavered as sentiment remained cautious while traders watch the fate of the US debt-ceiling deal in Congress this week.

Posted on 30/05/2023

Chinese stocks in Hong Kong briefly slip into bear market as nation’s recovery outlook worsens

The Hang Seng China Enterprises Index (HSCEI), which tracks Chinese companies trading in Hong Kong, briefly slipped into a bear market, as sell-offs in China assets intensified amid mounting worries ...

Posted on 30/05/2023

Hong Kong gloves tycoon pivots to produce Covid-killing reusable masks with lifespan of up to 4 years

Entrepreneur Juliana Lam founded Innotier, whose mask she says can instantly eliminate 99 per cent of the coronavirus and last for up to 200 washes.

Posted on 30/05/2023

Seven plead guilty at start of Hong Kong legislature storming trial

A man sprays paint over the Regional Emblem of Hong Kong after anti-extradition bill protesters stormed the Legislative Council Complex on the 22nd anniversary of the handover from British to Chinese ...

Posted on 30/05/2023

9,500 Hong Kong drivers sign up for scheme to drive in mainland China, nearly 7 times quota limit

Authorities have fixed quota of 200 cars per day in first week and 300 daily in second to ensure smooth start.

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