They are both critically important to their domestic economies, highly regarded by customers and totally reliant on international travel. They are also in deep financial strife and shedding thousands ... ( read original story ...)
Impossible Foods Sees Hong Kong, Singapore as ‘Gateway’ to Asia’s Supermarkets
David Lee, CFO at plant-based meat company Impossible Foods, joined Cheddar to discuss expanding out of U.S. grocery stores and into Hong Kong and Singapore for the first time. ( read original story ...)
Hong Kong’s Flagship Cathay Slashes 17% of Headcount
Hong Kong's flagship airline, will slash 5,900 jobs, or 17% of its total, and eliminate entirely its Cathay Dragon regional-airline brand, the company said Wednesday. That should ensure it is "only" ... ( read original story ...)
5 reasons you can’t miss Hong Kong Fintech Week 2020
The virtual Hong Kong Fintech Week 2020 will deliver a superior remote conference ... meaningful connections with thousands of potential buyers, clients, investors, startups, and regulators! ( read original story ...)
Hong Kong’s Cathay Pacific Airways slashes jobs, kills Dragon
Hit by Hong Kong protests and coronavirus, Cathay plans to cut 5,900 jobs and end low-cost Cathay Dragon brand. ( read original story ...)
Cathay to Cut Over 5,000 Hong Kong Jobs; Close Dragon Brand
Hong Kong’s Cathay Pacific Airways Ltd. will slash more than 5,000 jobs and close a regional carrier, the latest airline to enact a sweeping restructuring as the virus’s resurgence in the U.S. and ... ( read original story ...)
Hong Kong dollar rates rise as Ant IPO anticipation tightens liquidity
H KD rates creep higher even as HKMA pours in cash. Two-week forwards hit highest since June. Fortcoming ANT Group IPO could drive liquidity squeeze -analysts. SINGAPORE, Oct 21 ( ... ( read original story ...)
Hong Kong and Singapore will form a ‘travel bubble’ soon. Here’s how it’ll work
Leisure travelers can travel between the two cities without undergoing a quarantine, said Edward Yau, Hong Kong's secretary for commerce and economic development. ( read original story ...)
Startups in Southeast Asia are booming
Which brings us to this list that we curated of startups that have most recently closed funding rounds. While the no. 1 most recently funded company in that lot may not have raised the most cash (US$1 ... ( read original story ...)
Hong Kong-Singapore Travel Bubble May Have One Flight a Day
The travel bubble for Hong Kong and Singapore could start with one daily flight between the two financial hubs, according to Hong Kong Secretary for Commerce and Economic Development Edward Yau. ( read original story ...)
Hong Kong’s July-Sept unemployment at near 16-yr high, pressure remains
Hong Kong's seasonally adjusted unemployment rose slightly to 6.4% in the period from July to September, as government relief measures provided some support and coronavirus curbs helped contain ... ( read original story ...)
Exclusive: Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources say
China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering next year, dropping previous aims to list in New York amid rising Sino-U.S. ( read original story ...)
Didi Seeks 2021 Hong Kong IPO at $60 Billion Value, Reuters Says
Didi Chuxing has begun discussions with investment bankers about an initial public offering in Hong Kong next year that could value the Chinese ride-hailing leader at $60 billion, Reuters reported, ... ( read original story ...)
Ant Nears Giant IPO After Green Light From Hong Kong’s Exchange – Jaweb
Hong Kong’s stock exchange gave Ant Group Co. a green light to proceed with its long-awaited initial public offering in the city, according to a person familiar with the matter, paving the way for ... ( read original story ...)