Mobvoi Inc., a Chinese artificial intelligence developer backed by Alphabet Inc.’s Google, dropped as much as 22% in its first day of trading in Hong Kong, marking the third stock debut to flop in the city this week.
Google-backed Chinese AI company Mobvoi sees stock tumble in Hong Kong IPO – report
Chinese AI company Mobvoi fell up to 22% on its IPO in Hong Kong on Wednesday, marking the third stock to tumble on debut in the city this week, Bloomberg News reported. Beijing-based Mobvoi, which is ...
Fraudsters offer to pay big for second-hand clothing in latest ruse to scam Hong Kong residents out of money
Criminals create deceptive webpages advertising lucrative offers for doorstep collection of used clothing, but to make booking, residents must install malicious app that gathers personal data, police ...
Hong Kong investment bankers risk losing jobs as banks cut costs: report
An estimated 200 Hong Kong bankers reportedly lost their jobs in the past year, Bloomberg Intelligence senior analyst Francis Chan wrote in a report. ALSO READ: China investment banks report dismal ...
Hong Kong accounting industry grows as ESG, Greater Bay Area opportunities draw young professionals: HKICPA president
ESG reporting and the Greater Bay Area offer opportunities for young accountants, and the IPO market is set to recover, new HKICPA president Roy Leung says.
Hong Kong’s economy grew between 2.5% and 3.5% in first quarter, Paul Chan says
Finance chief says property and stock markets still under pressure amid geopolitical tensions, urges investment in green development and digital economy to drive growth 'Economic growth in first ...
China Market Update: Strategist Upgrades Maintain Hong Kong’s Rise
Hong Kong’s most heavily traded stocks by value were Tencent, which gained +3.75% after purchasing another 3 million shares, Meituan, which gained +7.95% after purchasing 4 million shares, Alibaba, ...
Hong Kong’s bubble tea IPO flop is a sign of the market times
The bursting of Chabaidao’s bubble will now set the tone for the Hong Kong IPO market in the coming months. During a time of high competition for scarce funds, heading to market ahead of its rivals ...
Hong Kong has to ensure the talent it attracts stays
Top Talent Pass Scheme drew nearly 46,500 successful applicants in the past financial year, and they must be encouraged to put down roots so local people can also benefit.
Another Chinese Beverage Company Pushes to Revive Hong Kong Market with Billion Dollar IPO
Advised by Clifford Chance, Jingtian & Gongcheng and Harneys, China Resources Beverage has filed for a listing on the Hong Kong Stock Exchange.
JPMorgan China names new heads for China investment banking arm
JPMorgan Chase & Co appoints Lu Fang to chair the board of its China investment banking arm, replacing former chair Park Pu, according to a company memo reviewed by Reuters and confirmed by a company ...
HKMA launches one-stop SME platform to help Hong Kong’s small businesses cope with challenges
The Hong Kong Monetary Authority’s SME information platform is part of its ongoing efforts to help SMEs affected by the shift in consumer and tourist spending patterns.
Hong Kong Crypto Firms Encouraged to Self-Regulate Amid Global Compliance Shifts
The Hong Kong Securities Futures Professionals Association (HKSFPA) has advised that the citys cryptocurrency firms form a self-regulatory body and monitor each other for compliance. Hong Kong ...
Hang Seng Bank warns against phishing email
The emails lead to a fraudulent website that may request their bank or card information. Hong Kong’s Hang Seng Bank has warned the public of a phishing scam perpetrated through fake emails claiming to ...