China Evergrande Group’s online home and car sales platform FCB Group is weighing an initial public offering in the U.S. as soon as the fourth quarter, according to people familiar with the matter.FCB ... ( read original story ...)
Tencent’s Reassurances On China’s Tech Clampdown Leaves Investors Unimpressed
Shares of the Hong Kong-listed web giant have plunged over 20% since their January high, wiping out more than $200 billion in market value as Beijing made clear its intention to clampdown on the once ... ( read original story ...)
NetDragon Announces Fiscal Year 2020 Financial Results
NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, today announced its financial results for fiscal year ... ( read original story ...)
Cosmoprof CBE ASEAN Reschedules Its First Edition to December 2021
HONG KONG, March 25, 2021 /PRNewswire/ -- The organizers of Cosmoprof ... According to the latest report published by McKinsey & Company, the region is recovering fast from the pandemic, thanks to the ... ( read original story ...)
Exclusive: China’s Didi leans towards New York for IPO, eyes valuation of at least $100 billion – sources
China's top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering (IPO), eyeing a valuation of at least $100 billion via the float, two ... ( read original story ...)
Hong Kong issues British passport warning
Another envoy described the move as "bordering on belligerent" and said it was not the way Hong Kong, generally mindful of the city's standing as an international financial hub, has traditionally ... ( read original story ...)
Hong Kong-based viAct raises $2M for its automated construction monitoring platform
Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based cloud platform that combines computer vision, edge devices and a mobile app. The startup announced ... ( read original story ...)
Hong Kong-based FinTech Apoidea Group eyes Regional Expansion with plans to Double Headcounts Two Years in a Row
After doubling its headcounts in 2020, Apoidea Group, a Hong Kong-based AI-driven FinTech start-up, aims to double up the team again as the firm sees signs of rapid revenue growth. The FinTech firm is ... ( read original story ...)
Exclusive: Hong Kong tells foreign governments to stop accepting special British passport
HONG KONG (Reuters) - The Hong Kong government has told some foreign consulates to stop accepting a British travel document that many of its young people use to apply for working holiday visas in ... ( read original story ...)
Financials help Hang Seng overcome tech slump; China blue-chips slip
Hong Kong’s Hang Seng index edged up on Thursday, as gains in financials and consumer stocks offset the impact of a tech rout following overnight Nasdaq losses, after the U.S. securities regulator ... ( read original story ...)
China Tech Giants Dive as Delisting Threat Joins Crackdown Fears
Tech giants from Tencent Holdings Ltd. to Alibaba Group Holding Ltd. dived after U.S. regulators revived threats to toss China’s largest corporations off U.S. bourses, compounding concerns of a ... ( read original story ...)
Alibaba, Tencent Stocks Dive As US Delisting Threat Joins Crackdown Fears
Tencent and Alibaba slid more than 5 per cent in Hong Kong Thursday before paring losses, joining a U.S. selloff that wiped more than 20 per cent off Chinese tech names ... ( read original story ...)
Accelerate the drive towards electric cars in Hong Kong
After a stop-start policy on electric vehicles, the authorities seem to finally be on the right path towards a greener future. ( read original story ...)
Chinese video-streaming firm raises $2.6b in Hong Kong secondary listing
Bilibili sold 25 million shares at HK$808 (US$104) apiece in the Hong Kong stock exchange. It will start trading its shares in the city on March 29. The development comes after several US-listed ... ( read original story ...)