Zhipu, which operates a ChatGPT-like service called Z.ai, raised $558 million in the IPO. Its chairman, Liu Debing, amassed a fortune of $2.1 billion based on his stake in the Chinese AI model company ...
HSBC Wins Hang Seng Shareholder Backing for $14 Billion Buyout
Hang Seng Bank Ltd.’s minority shareholders backed a $14 billion buyout offer from parent HSBC Holdings Plc, supporting the UK lender’s move to double down on Hong Kong.
Hang Seng Bank shareholders approve HSBC’s $13.6 billion buyout proposal
HONG KONG, Jan 8 (Reuters) - Hang Seng Bank (0011.HK), opens new tab shareholders on Thursday approved a plan by its majority owner HSBC (HSBA.L), opens new tab to take the bank private, in a landmark ...
Hang Seng Bank shareholders back HSBC’s US$14 billion privatisation bid
HSBC, which already owns 63 per cent of Hang Seng Bank, received backing from 85.75 per cent of the independent shareholders.
Divided Hang Seng investors vote on HSBC buyout plan
Hang Seng Bank shareholders were divided over HSBC's buyout proposal as investors gathered on Thursday to vote on ...
Hang Seng Bank shareholders set to back HSBC’s privatisation plan amid bad debt concerns
HSBC, which already owns 63 per cent of Hang Seng Bank, requires backing from at least 75 per cent of independent shareholders Hong Kong's banking sector is set for a landmark transformation as ...
Hang Seng Bank shareholders set to back HSBC’s privatisation plan for Hong Kong lender
HSBC, which already owns 63 per cent of Hang Seng Bank, requires backing from at least 75 per cent of independent shareholders Hong Kong's banking sector is set for a landmark transformation as ...
China’s OpenAI rival Zhipu debuts in Hong Kong after US$558 mil IPO
Zhipu, founded in 2019 by researchers from China’s Tsinghua University, is celebrated as a pioneer in the nation’s AI industry. It is backed by Alibaba Group Holding Ltd., Tencent Holdings Ltd. and ...
Impending Changes to Hang Seng Index Constituents Following Hang Seng Bank Privatization
As the financial landscape continues to evolve, significant changes are on the horizon for the Hang Seng Index series, particularly due to the impending privatization of Hang Seng Bank (00011). This ...
Baidu AI Chip Unit Files for Hong Kong IPO, Targets Up to $2 Billion
Kunlunxin has hired major Chinese banks after confidentially filing for a Hong Kong listing, with deal size still under discussion.
Baidu’s AI Chip Unit Eyes Hong Kong IPO
Baidu's AI chip unit Kunlunxin is preparing for a Hong Kong IPO. It sits at the center of China's push to replace Nvidia.
Baidu’s AI Chip Arm Kunlunxin Is Said to Pick Banks for $2 Billion Hong Kong IPO
Kunlunxin has picked China International Capital Corp., Citic Securities Co. and Huatai Securities Co. as lead banks on the IPO, the people said, asking not to be identified because the information is ...
Scaling Personalisation: How Bank of China (Hong Kong) Is Redefining Advisory for a New Generation
Mobile Is the New Frontline: Clients increasingly expect advisory updates, alerts and communications to be delivered via mobile apps, especially in Hong Kong and broader Asia. Opening the panel, Leung ...
Baidu’s AI Chip Unit Kunlunxin Prepares for Hong Kong IPO to Raise Up to $2 Billion
Baidu Inc (NASDAQ: BIDU) is moving forward with plans to list its artificial intelligence chipmaking subsidiary, Kunlunxin, in Hong Kong, in a deal that could raise as much as $2 billion, according to ...