Baidu Plans to Raise Capital in Hong Kong
BEIJING/HONG KONG – Baidu, Chinese search engine and AI giant, is planning to raise at least HK$28 billion ($3.6 billion) by selling 95 million shares in a secondary listing on the Hong Kong stock exchange, the latest US-traded Chinese tech … Continue reading Baidu Plans to Raise Capital in Hong Kong
Hong Kong IPO: Great Start for Kuaishou Technology
HONG KONG – Kuaishou Technology more than doubled in its Hong Kong stock market debut on Friday, becoming the fifth-largest listed company in the city, driven by massive demand from mom-and-pop investors for the Chinese online video service operator. The … Continue reading Hong Kong IPO: Great Start for Kuaishou Technology
Cathay bailout to protect Hong Kong’s economic future
Hong Kong – Cathay’s restructuring package marks the first time the Hong Kong government has directly injected money into a private company. Photo: Felix Wong The Hong Kong government is leading a massive HK$39 billion (US$5 billion) bailout of struggling Cathay … Continue reading Cathay bailout to protect Hong Kong’s economic future
Hong Kong: Travel Ban Until Further Notice
Hong Kong – Hong Kong is extending its travel ban for non-residents as it keeps up its efforts to contain COVID-19. This travel ban also extends the suspension of transit flights until further notice, which has been a devastating blow to its … Continue reading Hong Kong: Travel Ban Until Further Notice
Hong Kong: 1,200 pubs and bars to close
Hong Kong – The Hong Kong government has ordered a two-week closure of pubs and bars from Friday, in a drastic escalation of social-distancing rules which will mothball about 1,200 businesses. The shutdown targeting all premises exclusively or mainly used … Continue reading Hong Kong: 1,200 pubs and bars to close