AMTD Digital, which provides loans and services to startups in exchange for fees, has generated only $25 million in revenue for the year ended April 2021 ... ( read original story ...)
Hong Kong’s Hang Seng lead gains in Asia; Alibaba rises around 4% ahead of earnings
Asia-Pacific shares traded higher on Thursday as investors move on from the tensions over U.S. House Speaker Nancy Pelosi's controversial visit to Taiwan. ( read original story ...)
Hong Kong’s Hang Seng up 2% as tech stocks jump, Alibaba rises 5% ahead of earnings
Asia-Pacific shares traded higher on Thursday as investors move on from the tensions over U.S. House Speaker Nancy Pelosi's controversial visit to Taiwan. ( read original story ...)
Asymmetric federalism
The position of the Hong Kong dollar would be maintained. Even the lease of land would be valid after 1997 for 50 years with some stipulations. ( read original story ...)
AMTD Digital May Be The New ‘Perfect Meme Stock,’ Loses $70 Billion In Value In One Day After Rising Over 125%
Shares of AMTD Digital have been skyrocketing this week, rising more than 125% on Tuesday as trading was halted several times for volatility, though the stock fell back to earth somewhat on Wednesday, ... ( read original story ...)
Everyday investors push shares of Hong Kong company AMTD 32,000% higher just two weeks after its IPO – is this Gamestop 2.0?
AMTD Digital made its stock market debut just two months ago, reported $25m in revenue last year and has just 51 employees. ( read original story ...)
How a little-known stock soared 21,000% to overtake Costco
A little-known Hong Kong-based company appears to have become the latest obsession of traders on the popular Reddit forum WallStreetBets, helping its stock shoot up 21,000% since its IPO less than a ... ( read original story ...)
Hong Kong Internet High In Advance Of Alibaba’s Results As Caixin Services PMI Exceeds Expectations
Defense stocks and semiconductors were two of the best performing sub-sectors in both Hong Kong and China as investors exhaled after putting on some hedges. Hong Kong was led higher by internet stocks ... ( read original story ...)
HSBC executives face off with Hong Kong shareholders in charm offensive to fend off calls to split city’s largest bank
High on shareholders’ minds is whether the London-based bank should continue to straddle the gulf between the East and the West, and how it can navigate the geopolitical minefield in deteriorating ... ( read original story ...)
Chinese chip IPO is bet on double self-sufficiency
A Chinese chipmaker is becoming Beijing's poster child for technological self-sufficiency. Hygon Information Technology is readying a $1.6 billion float – the largest so far on Shanghai's STAR market ... ( read original story ...)
Hong Kong banks may raise prime rate as soon as this month as costly defence of US-dollar peg drives up cost of money, analysts say
Six out of 10 analysts surveyed by the South China Morning Post believe the Hong Kong prime rate will increase by 12.5 to 25 basis points Most analysts surveyed expect a rate increase to come in ... ( read original story ...)
Shares of a Chinese tech firm are up more than 32,000% since its July IPO – and even the company has no idea why
AMTD Digital trades on the New York Stock Exchange and priced its IPO at $7.80 a share. On Tuesday, the stock hit a high of $2,521.72. ( read original story ...)
Shares of a Chinese tech firm are up more than 18,000% since its July IPO — and even the company has no idea why
AMTD Digital trades on the New York Stock Exchange and priced its IPO at $7.80 a share. On Tuesday, the stock hit a high of $1,182.50. ( read original story ...)
HKD IPO Update: AMTD Digital Stock Skyrocketing Since July Debut
Yet, HKD stock is surging and investors are reaping the rewards. Will the HKD IPO go down as one of the most successful public debuts in recent years? Or will this momentum hit an inevitable wall ... ( read original story ...)