Chinese biotech firm Argo Biopharmaceutical Co. has picked banks for a Hong Kong initial public offering that could raise a few hundred million dollars, according to people familiar with the matter.
WeRide’s CEO pitches robotaxis as a solution to aging populations and long commutes, as the firm raises more money for R&D with a HK IPO
CEO Tony Han talks about Chinese investors, self-driving cars as social good, and why companies like Uber are turning to Chinese robotaxi partners.
Robotaxi race: Pony.ai, WeRide slide in Hong Kong trading debut
Shares of Pony.ai (PONY) and WeRide (WRD) slid more than 10% each in their trading debut in Hong Kong, after the Chinese robotaxi rivals raised around $1.17B in total in their stock offerings. The ...
Singapore bank sets aside record $470mn provision for Hong Kong property loans
Singaporean lender United Overseas Bank set aside its largest ever loan provision of S$615mn (US$470mn) on Thursday in anticipation of potential losses in the Hong Kong and US property markets.
EV startup unveils luxury model with impressive features: ‘Super-premium user experience’
"Our vision is to go beyond the car." EV startup unveils luxury model with impressive features: 'Super-premium user experience' first appeared on The Cool Down.
Media from Guangdong, Hong Kong, and Macau Visit Shandong: Tai’an’s New Industrialization Gains Attention
This report is from the Shandong Office of the Hong Kong Business Daily. On November 4, the Splendid '14th Five-Year Plan' and Striving for a New Shandong—2025 Mainstream Media Shandong Tour by the ...
Chinese Robotaxi Companies’ Shares Fall in Hong Kong Debut
C hinese robotaxi rivals Pony AI and WeRide both slid in their Hong Kong debut, signaling some trepidation among investors but continuing a streak of listings that has made the city one of the world’s ...
HSBC CEO: ‘Comfortable’ with Hong Kong property market exposure despite continued slump
HSBC CEO Georges Elhedery discusses plans to take Hang Seng Bank private, and the impact its property loan book will have on HSBC's exposure to the continued slump in the market.
Rival robotaxi start-ups’ shares tank after Hong Kong listing
Hong Kong has benefited from the dealmaking boom as mainland businesses seek capital in the city. But in contrast to CATL, the battery maker that surged 16 per cent upon listing, the robotaxi ...
Chinese autonomous driving firm Pony.ai sees shares drop 14% in Hong Kong debut
China's Pony.ai on Thursday saw its shares drop over 14%, while rival WeRide fell nearly 12% as the autonomous driving companies began trading in Hong Kong. Pony.ai and WeRide, which are already ...
Chinese autonomous driving firms Pony Ai and WeRide slide in Hong Kong trading debut
Pony Ai and WeRide stocks dropped on Thursday as the Chinese autonomous driving developers started trading in Hong Kong, after raising nearly $1.2 billion in share offerings.Pony Ai's share price slid ...
China’s robotaxi firms Pony.AI and WeRide sink on Hong Kong debut
SHARES in Chinese self-driving start-ups Pony.AI and WeRide tumbled on their Hong Kong debuts on Thursday, after raising more than US$1.1 billion, with experts warning China is not yet ready for a ...
Typhoons damage 20% of Hong Kong Covid isolation cubicles, reuse plans under way
Development Bureau says modules will be repaired and reused at construction sites of future public works projects.
China’s Pony.ai sees shares drop 12% as autonomous driving firm debuts in Hong Kong
China's Pony.ai on Thursday saw its shares drop over 12%, while rival WeRide fell nearly 8% as the autonomous driving companies began trading in Hong Kong. Pony.ai and WeRide, which are already listed ...