The company is a key player in China's hypercompetitive EV market, but has struggled to turn a profit amid rising competition and sluggish domestic demand.
Hong Kong public schools face ‘alarming’ 10% cut in grant amid city’s budget deficit
Hong Kong’s public primary and secondary schools will experience a 10 per cent reduction in government funding for the upcoming academic year. Some industry stakeholders have described these cuts as ...
Hong Kong Ramps Up Tax Checks on Private Equity, Venture Funds
Hong Kong authorities are intensifying tax checks of private equity and venture funds as the Asian financial hub faces pressure to plug deficits.
Some Hong Kong reporters and news outlets are targeted by unwarranted tax audits, media group says
A media group in Hong Kong says tax authorities have targeted at least 20 people, including journalists, current or former heads of media organizations and their families, with audits without ...
Hong Kong passes stablecoin bill, one step closer to issuance
Hong Kong's legislature passed a stablecoin bill on Wednesday that establishes a licensing regime for fiat-referenced stablecoin issuers in Hong Kong, providing regulatory clarity for upcoming ...
Hong Kong’s Beleaguered Journalists Say Their Taxes Are Now Under Scrutiny
Several news outlets have been unreasonably subjected to tax investigations, according to the city’s journalists’ association, adding to pressures on press freedom.
New World drags Hong Kong banks into a loan tango
The developer wants to refinance $11 bln of loans but CEO Echo Huang has yet to reverse a 4-year revenue slump. Lenders including HSBC must weigh up the money-losing borrower's problems against the ...
Hong Kong Dollar Falls Toward Weak End of Band on Carry Allure
The Hong Kong dollar edged closer to the weak end of its trading range as sliding local interest rates encouraged traders to increase their borrowing of the currency to fund carry trades.
News in Easy English: Disaster manga causes Hong Kong visitors to worry about Japan trips
Many people from Hong Kong now feel afraid of visiting Japan. This worry comes from an old manga book made in 1999. Some people think the man
Battery-Maker CATL’s Shares Jump in Hong Kong Debut
Chinese battery giant Contemporary Amperex Technology’s shares soared Tuesday in their Hong Kong debut, marking the world’s largest equity offering so far this year. A successful listing of CATL, as ...
CATL’s Zeng Slams Espionage Claims After Record Hong Kong Debut
Robin Zeng, the billionaire founder and chairman of Contemporary Amperex Technology Co. Ltd., pushed back on US accusations the Chinese battery giant’s technology poses a threat to national security,
Hong Kong Space Museum launches “STARMAP to the Unseen Universe” sky show
The Hong Kong Space Museum will debut its latest sky show, "STARMAP to the Unseen Universe," at the Space Theatre on May 15.
CATL shares jump over 18% in Hong Kong debut, as battery giant shrugs off U.S. scrutiny and China’s EV price war
A global leader in the sector, CATL produces more than a third of all electric vehicle (EV) batteries sold worldwide.
Tesla battery maker sees shares jump on Hong Kong debut
China's CATL makes more than a third of electric vehicle batteries sold worldwide and also supplies VW and Toyota.