HONG KONG/BEIJING (Reuters) - Chinese e-commerce firm Alibaba Group (BABA.N) has taken control of logistics unit Cainiao and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network, underscoring aggressive ... ( read original story ...)
China, Hong Kong stocks steady as upbeat industrial data eases slowdown fears
Chinese and Hong Kong stocks were firm in Wednesday trade, with resources shares rebounding sharply after China's upbeat August industrial profit data and robust earnings forecast by a major steelmaker helped ease fears of China's economic recovery losing ... ( read original story ...)
Alibaba’s Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong
Ant Financial, the Alibaba affiliate that operates payment service Alipay and other digital finance products, has continued its Asia expansion with a move into Hong Kong. Alipay and Alibaba’s MyBank digital bank dominate in China, where they are used by ... ( read original story ...)
Hong Kong Stock Market May See Continued Support
BOC Hong Kong eased 0.13 percent and Sands China, Lenovo Group and China Life were unchanged. The lead from Wall Street is inconclusive as stocks were lackluster on Tuesday, lingering near the unchanged line before closing mixed. The Dow dipped 11.77 ... ( read original story ...)
Singapore Home Prices Have Bottomed, Hong Kong’s Are ‘Crazy’: BNP
Singapore home prices have reached a bottom and will rebound, while Hong Kong’s “crazy” housing market will continue to defy gravity, according to BNP Paribas SA. “Very significant” income growth will drive the first leg of a recovery in home ... ( read original story ...)
Freight Startup Flexport Raises $110 Million And Turns Down A $1 Billion Valuation
Flexport is one of the 25 companies on Forbes’s 2017 list of next billion-dollar startups. Flexport CEO and founder Ryan ... led by DST Global, the Hong Kong-based firm headed by billionaire Yuri Milner that once owned 8% of Facebook. ( read original story ...)
Singapore Home Prices Have Bottomed, Hong Kong’s Are ‘Crazy’: BNP Says
Singapore home prices have reached a bottom and will rebound, while Hong Kong’s “crazy” housing market will continue to defy gravity, according to BNP Paribas SA. “Very significant” income growth will drive the first leg of a recovery in home ... ( read original story ...)
Mandarin Scraps Sale of Hong Kong’s Excelsior; Shares Slump
Pulled sale follows series of record property deals in city Mandarin Oriental International Ltd. scrapped the sale of The Excelsior hotel in Hong Kong after bids failed to meet its expectations, a rare setback in a city where property prices have continued ... ( read original story ...)
CK Hutchison and Ant Financial form strategic partnership to provide digital financial inclusive services in Hong Kong
HONG KONG and HANGZHOU - 26 September 2017 - CK Hutchison Holdings ("CK Hutchison"), a multinational conglomerate spanning over 50 countries, and Ant Financial Services Group ("Ant Financial"), a leading global technology and financial services company and ... ( read original story ...)
FCA’S Hong Kong Hat Trick of FinTech Cooperation Agreements
The UK Financial Conduct Authority (FCA) has completed a hat trick of FinTech cooperation agreements with Hong Kong regulators by signing an agreement with the Hong Kong Insurance Authority (IA). This adds to those agreements already signed by the FCA ... ( read original story ...)
Top Business Leaders Gather As Forbes Global CEO Conference Kicks Off In Hong Kong
Top business and thought leaders from Greater China and around the world have come together in Hong Kong for the 17 th Forbes Global CEO Conference that kicks off today. The gathering is being held against a backdrop of rapid technology change and global ... ( read original story ...)
Bank of China : Lifestyle Expo Promotes Chinese Mainland-Hong Kong-UAE Cooperation
The Belt and Road, together with the upcoming Expo 2020 Dubai, is expected to boost demand for trade, logistics, infrastructure, real estate and financial services in the UAE. Hong Kong and mainland companies can help fill the need by providing services ... ( read original story ...)
Here’s what your risk salary and bonus should be in Hong Kong
In credit risk you can expect a 15% to 20% pay rise if you move to a new bank. “Credit risk has seen a steady flow of openings throughout the year in Hong Kong,” says Leung. “But it’s still an employer-driven job market. Banks are willing to take ... ( read original story ...)
Hong Kong’s spectacular property price rises this year
Hong Kong's housing market is the second best performer in our global house price survey, with residential property prices surging by 19.27% during the year to Q2 2017. This was in sharp contrast with the y-o-y decline of 10.51% during the same period last ... ( read original story ...)