Luckin Coffee chief asks banks for $200 million loan
Hong Kong – Chinese startup Luckin Coffee’s chairman is seeking a loan of at least $200 million from banks including Goldman Sachs and Morgan Stanley under a deal that would award them mandates in the firm’s planned U.S. IPO, people … Continue reading Luckin Coffee chief asks banks for $200 million loan
Cathay Pacific making profit again
Hong Kong – Hong Kong’s Cathay Pacific Airways Ltd projected its annual profit at more than double analyst estimates as its turnaround plan designed to cut costs and boost revenue pays off, sending its shares surging nearly 9 percent on … Continue reading Cathay Pacific making profit again
Hong Kong welcomes New Year with big firework
Hong Kong – Hundreds of thousands of revellers in Hong Kong began the new year with the thunderous roar of HK$14 million (US$1.8 million) worth of fireworks going off above Victoria Harbour at the stroke of midnight. At least 340,000 … Continue reading Hong Kong welcomes New Year with big firework
Mega-bridge linking Hong Kong to mainland opened
Hong Kong — China on Tuesday opened the world’s longest sea-crossing bridge linking Hong Kong to the mainland, a feat of engineering carrying immense economic and political significance. Chinese President Xi Jinping presided over a ceremony in the city of … Continue reading Mega-bridge linking Hong Kong to mainland opened
IFFAM : Aaron Kwok announced as Talent Ambassador
Macao – The International Film Festival & Awards Macao (IFFAM) announced the appointment of Hong Kong based star Aaron Kwok as the first of this year’s Talent Ambassadors for the 3rd edition of the festival, which will take place from … Continue reading IFFAM : Aaron Kwok announced as Talent Ambassador