Tag: finance

Hong Kong’s retailers will need to get creative to survive the deepening recession that’s enveloped the city as tourists from the mainland who fueled past rebounds are unlikely to come to the rescue ... ( read original story ...)

Hong Kong shares closed higher on Tuesday after the Asian financial hub scaled back social distancing measures put in place to curb the spread of the pandemic, and as economies elsewhere also showed ... ( read original story ...)

From this sale, Kingsoft Cloud expects to generate net proceeds of between $392 million and $451 million. The company would then have a market value of between $3.6 billion and $3.8 billion. Kingsoft ... ( read original story ...)

The coronavirus pandemic continues to deter consumer spending in Hong Kong, with travel restrictions halting tourist trade and government orders keeping residents away from stores amid fears of ... ( read original story ...)

Chinese technology group NetEase is set to become the next major mainland company to sell its shares in Hong Kong, two sources familiar with the matter said, in a secondary listing that one media ... ( read original story ...)

Prior to the outbreak of COVID-19, Hong Kong had been experiencing the first ongoing recession in 10 years, due largely to the U.S.-China trade war and the fierce anti-government protests that have ... ( read original story ...)

Hong Kong's retail sales fell by 42% in March from a year earlier, as travel restrictions kept tourists away and most residents steered clear of shops and restaurants for fear of catching the ... ( read original story ...)

Initial public offerings are picking up the pace in Hong Kong after two wildly successful biotech listings improved sentiment in the financial hub. ( read original story ...)

Kingsoft Cloud, the Xiaomi-backed cloud services company, is testing US investor appetite for Chinese public offerings on the heels of the Luckin Coffee scandal with a listing that could raise more ... ( read original story ...)

The economy is crashing like never before, yet Hong Kong’s interest rates are expected to stay relatively elevated. That’s bad news for pretty much everyone apart from those betting on prolonged ... ( read original story ...)

Hong Kong's recession deepened in the first quarter as the coronavirus pandemic dealt a heavy blow to business activity, already in decline following months of often violent anti-government protest ... ( read original story ...)

The economy is crashing like never before, yet Hong Kong’s interest rates are expected to stay relatively elevated. That’s bad news for pretty much everyone apart from those betting on prolonged ... ( read original story ...)

Stocks in Australia were set to trade higher at the open on Tuesday, with major markets in Asia closed for holidays. ( read original story ...)

KC has produced strong revenue growth but no significant gross profit and continues to generate large operating losses and operational cash burn. ( read original story ...)