Alibaba is a Chinese technology company widely known for its online marketplace and cloud computing business. Following the release of Fiscal Q4 results, Alibaba’s Hong Kong-listed shares declined ...
‘Undercover’ Hong Kong cabbies dupe Uber drivers into stopping next to police in effort to report illegal ride services
Footage and photos posted to Facebook and LIHKG show passengers filming journeys and encouraging drivers to stop near police patrols.
Raytech Holding Limited Announces Closing of $6 Million Initial Public Offering
Raytech Holding Limited (the “Company” or “RAY”), a Hong Kong-headquartered company specializing in design, sourcing and wholesale of personal care electrical appliances for international brand owners ...
Hong Kong e-CNY pilot expands: residents can open digital-yuan wallets and top up via FPS, no mainland account required
The move aims to expand the scope and scale of a cross-boundary pilot of the Chinese central bank digital currency that the HKMA has been conducting, along with the People's Bank of China (PBOC), ...
Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets
The Hong Kong Monetary Authority (HKMA) and the Peoples Bank of China (PBOC) expanded the scope of their cross-border digital yuan pilot to allow the use of e-CNY wallets by Hong Kong residents.
Hong Kong Govt Expects Economy to Grow Rest of Year After Slow First Quarter
By Tracy Qu and Fabiana Negrin Ochoa Revised estimates confirmed that Hong Kong's economy expanded slowly at the start of the year, but officials continue ...
Elon Musk Deepfake Scam Used To Promote Fraudulent Crypto Trading Platform, Hong Kong’s Financial Regulator Warns
Warning issued about fraudulent cryptocurrency platform using deepfakes of Elon Musk to scam victims, highlighting growing use of AI fraud in Asia.
UK multinational Arup confirmed as victim of HK$200 million deepfake scam that used digital version of CFO to dupe Hong Kong employee
An employee in the Hong Kong branch’s finance department had received a phishing message in mid-January that appeared to be from the company’s CFO based in the United Kingdom saying a secret ...
Hong Kong lawmakers approve HK$2.8 billion funding to set up semiconductor centre amid US-China tech war
Hong Kong lawmakers have approved HK$2.84 billion (US$364 million ... Officials said the facility would allow start-ups as well as small and medium-sized companies to conduct trial runs before they ...
Hong Kong allows China’s digital yuan to be used in local shops
Hong Kong will allow mainland China's pilot digital currency to be used in shops in the city, the head of its de facto central bank said on Friday, marking a step forward for Beijing's efforts to ...
Arup lost $25mn in Hong Kong deepfake video conference scam
Hong Kong police previously revealed what is one of the world’s biggest known deepfake scams, but did not identify the company involved. The FT has confirmed it was Arup, which employs about 18,000 ...
China Says It Will Start Buying Apartments as Housing Slump Worsens
The approach is similar to the Troubled Asset Relief Program, or TARP, that the United States government established in 2008 to buy troubled assets after the collapse of the American housing market, ...
Xpeng Expands Sales Push With $38,400 Electric SUV for Hong Kong
Chinese electric vehicle maker Xpeng Inc. is bringing a sports utility vehicle and minivan to Hong Kong as it ramps up a global expansion to boost sales.
Senior Hong Kong police officer jailed for 6½ years over HK$26 million mortgage fraud
Judge opts to reduce Superintendent Harbour Chan’s starting sentence by six months to reflect his ‘contribution to society’.