Alibaba has concluded it could likely achieve a valuation of around $4 billion for Freshippo, which is lower than the $6 billion to $10 billion value it was targeting when it considered raising a ...
Record flooding strikes Hong Kong as deadly deluge injures over 140, brings city to standstill
Record-breaking rain from the remnants of Typhoon Haikui has caused historic flooding in Hong Kong, resulting in at least two deaths reported, over 140 injuries, and widespread landslides.
Record rainfall slams Hong Kong, leaving over 100 injured
Historic rainfall has paralyzed Hong Kong, washing out roads and flooding buildings. The deadly storm is the heaviest in over a century, leaving over 100 people injured.
B.C.’s Cantonese speakers fight to preserve language amid uncertainty in Hong Kong
Some Metro Vancouver Cantonese speakers say the fate of the language is uncertain in its homeland, and overseas communities play a vital role in its preservation.
Extreme rainfall in Hong Kong, Brazil and Greece leaves dozens dead after flash flooding
Unprecedented flooding from extreme rainfall events on multiple continents around the world has left dozens dead and displaced thousands since the start of September. The extraordinary scenes of ...
Alibaba’s Freshippo IPO Plans Take a Backseat as Valuation Expectations Adjust
Alibaba Group Holding Ltd (NYSE: BABA) has decided to delay the potential Hong Kong initial public offering (IPO) of its Freshippo grocery chain due to subdued investor sentiment in the consumer ...
Photos show how Hong Kong’s streets turned into gushing rivers as the city-state endured its worst flooding in 140 years
The city has seen its most torrential rains ever recorded since 1884, with floors of some malls and carparks completely submerged in muddy floodwater.
Hong Kong must-eats: Iconic Cantonese dishes and where to try them
From Tsim Chai Kee's prawn wonton noodles to char siu pork on rice at Sun Kwai Heung, head to these eight tried-and-tested spots to feast on beloved Cantonese classics.
Must-Know Brands From Hong Kong’s Biggest Fashion Showcase, CENTRESTAGE
The raging fashion storm, a.k.a. fashion month, is here again. We're in the midst of New York Fashion Week and still to come are London, Milan and Paris Fashion Week. While those cosmopolitan cities are known as the big four fashion capitals of the world,
Hong Kong to Ease Shutdown After Record Rain Overwhelms City
(Bloomberg) -- Hong Kong’s heaviest rainstorm since records began in 1884 ... HK Observatory Expects Rainfall to Start Easing Early Afternoon At Wong Tai Sin subway station in Kowloon, videos ...
Hong Kong Rained Out, Investors Wake Up To Importance Of US China Relations, Week In Review
Asian equities were mostly lower this week as renewed concerns of another potential Fed rate hike weighed on risk assets globally. Trip.com reported Q2 revenue that exceeded pre-COVID (2019) levels by ...
Hong Kong wealthy families, funds among likely bidders in distress sale of defaulter Golden Wheel’s retail building in Tin Hau
Hong Kong’s property market remains stressed with the potential distress sale of a retail building in Tin Hau providing further evidence of the weak demand in the sector.
Alibaba pauses grocery IPO plans on valuation concerns – report
Alibaba (NYSE:BABA) is holding off on a potential Hong Kong IPO of its Freshippo supermarket chain. The Chinese tech behemoth estimated the grocery business could achieve a valuation of around $4 ...
Alibaba Grocery IPO on Backburner as Valuations Disappoint
Alibaba Group Holding Ltd. is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on the backburner amid weak sentiment for consumer stocks, people with knowledge of ...