Alibaba Group said on Tuesday its logistics unit, Cainiao Smart Logistics Network, has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange. Alibaba, which ...
Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it tweaks restructuring
Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao and decides to double down on its investment in strategically important unit.
Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.
Alibaba logistics unit ends IPO plans in further setback for effort to unlock value
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba said its logistics unit will forego initial-public-offering plans as well.
Hong Kong stocks halt two-day drop as results from China Merchants Bank, China Resources Land soothe earnings jitters
Traders have a busy few days ahead as they sift through more than 20 annual results from Hang Seng Index members due this week Developers gained after China's central bank governor Pan Gongsheng said ...
Korean women working in finance launch network in Hong Kong
Around 30 Korean women working in the financial industry in Hong Kong gathered at the Korean Consulate General there on Thursday to launch a career network. The meeting was sponsored by Yoo ...
Hong Kong court declares HK01 founder Yu Pun-hoi bankrupt over HK$470 million debt
High Court issues bankruptcy order against Yu, who is board chairman of delisted Nan Hai Corporation, over his failure to repay investment bank CCB International Overseas.
Hong Kong police seize pepper spray gun, handcuffs, baton after arresting man in connection with online employment scam
Suspect allegedly bought items such as baton, bogus warrant card and pepper spray gun to ‘live out his fantasy of becoming a policeman’, insider reveals.
Foreign firms in Hong Kong review operations after national security legislation
Foreign companies in Hong Kong have been reviewing their operations since last year ahead of the now-passed domestic national security legislation, but they had already made major changes after the ...
China, HK stocks end higher, property sector in focus
China's property market volatility has limited impact on the country's financial system, and some " positive signals " have emerged in the market, the central bank's governor said on Monday. Foreign ...
Hong Kong leader says early prison release unlikely for national security offenders
sparking international criticism that some definitions are too vague and it could damage the Chinese-ruled city's international financial hub credentials. Hong Kong officials have said Article 23 was ...
Hong Kong swelters in record March heat after coolest start in eight years
HONG KONG, March 26 (Reuters) - Hong Kong temperatures climbed to above 31 degrees Celsius (88 degrees Fahrenheit) this week, a level never recorded for March and just a week after the financial hub ...
Hong Kong stocks edge up as China Merchants Bank and China Resources Land rally on better-than-expected earnings
Hong Kong stocks edged up to snap a two-day decline as better-than-estimated results from China Merchants Bank and China Resource Land allayed concerns about the strength of corporate earnings.
China Merchants Bank 2023 Net CNY146.6M Vs. Net CNY138.0M >3968.HK 600036.SH
By Jiahui Huang China Merchants Bank reported lower net operating income in 2023, marking the first drop since 2009 as non-interest income declined ...