Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business ...
Hong Kong sees intensive financial events, as stable social environment attracts more international capital
VCG. The Financial Mega Event Week kicked off in the Hong Kong Special Administrative Region (HKSAR) on Monday, with a series of top-tier internatio ...
What buying Bitcoin in Hong Kong shops says about the future of crypto
Good morning from Hong Kong, where I will be talking to some of Asia's leading finance and crypto executives at the Fortune Innovation Forum. I've long been curious about this famous city due to its ...
Hang Seng Bank Launches HKD 33 Billion SME Power Up Fund
HONG KONG, March 26, 2024 /PRNewswire/ -- Hang Seng Bank ('Hang Seng') today unveiled the HKD 33 Billion SME Power Up Fund, a strategic initiative to support the growth, cross-boundary development, ...
What buying Bitcoin in Hong Kong shopssays about the future of crypto
Good morning from Hong Kong, where I will be talking to some of Asia's leading finance and crypto executives at the Fortune Innovation Forum. I've long been curious about this famous city due to its ...
Hong Kong’s in-kind ETF creation could be a significant market opportunity: Analysts
“Hong Kong is aiming for in-kind creation of the ETF, unlike the U.S., where the transaction is cash only – in the U.S. it’s cash in, Bitcoin ETF out, while Hong Kong aims for Bitcoin in, ETF out.
Hong Kong’s In-Kind Spot Bitcoin ETFs Drive AUM Growth Amid Regulatory Shift
Hong Kong is considering allowing in-kind creations and redemptions for spot Bitcoin ETFs, diverging from the US market. This move could revolutionize cryptocurrency investments in the region, drawing ...
Hong Kong police arrest 13 people in crackdown on illegal debt collection gangs accused of splashing red paint, intimidation
Groups operated in Wong Tai Sin and Sai Kung, allegedly splashing red paint on buildings, damaging door locks and making intimidating phone calls.
China Merchants Bank Gains on Dividend Surprise
China Merchants Bank’s shares rose after the lender surprised with a boost in its dividend ratio while annual earnings came in largely as expected.
Autonomous Driving Software Maker Horizon Robotics Files for Hong Kong IPO
Chinese autonomous driving software maker Horizon Robotics has filed for a listing on the Hong Kong Stock Exchange without disclosing any details about share issuance and value of the offering, the ...
Alibaba dumps logistics arm IPO; to buy rest of Cainiao stake for up to $3.8 billion
Alibaba Group said on Tuesday its logistics unit, Cainiao Smart Logistics Network, has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange. Alibaba, which ...
Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it tweaks restructuring
Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao and decides to double down on its investment in strategically important unit.
Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.
Alibaba logistics unit ends IPO plans in further setback for effort to unlock value
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba said its logistics unit will forego initial-public-offering plans as well.