Sandbox VR builds hyperrealistic VR games
Hong Kong – A swarm of monster bugs are running toward towards me and I’m frantically shooting at them, all while trying to ignore the fact that I’m standing right at the edge of a skyscraper. As someone with acrophobia, … Continue reading Sandbox VR builds hyperrealistic VR games
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
UBS first foreign bank approved for majority stake
Beijing – China’s securities regulator on Friday gave approval for UBS Group (UBSG.S) to hold the majority stake in its securities joint venture, making it the first foreign bank to take such control under new rules announced by Beijing last … Continue reading UBS first foreign bank approved for majority stake