Hong Kong News
Nonpartisan, Noncommercial, unconstrained.
Monday, Jun 21, 2021
Real, Diverse, Unbiased.
Add Your News
Platforms offer cash, iPhones to lure consumers in HK$5,000 e-voucher scheme
Rival payment platforms chosen for e-voucher scheme unveil a raft of new offers, including additional digital money and iPhone giveaways.
Chinese Apps Could Face Subpoenas Or Bans Under Biden Order
The goal is to keep foreign adversaries like China and Russia from gaining access to large amounts of personal and proprietary business information.
Bubble tea chain seeks up to US$656 million in Hong Kong IPO
Chinese bubble tea chain Nayuki Holdings Ltd is seeking to raise as much as HK$5.09 billion (US$656 million) in a Hong Kong initial public offering (IPO), the latest company to test a rebound in investor appetite for listings in the Asia...
Alibaba Executive Says Founder Jack Ma "Lying Low": Reports
Jack Ma is "lying low" and focusing on hobbies and philanthropy, an executive said.
3 start-ups making waves in the Hong Kong FinTech industry
FinTech, Funding, wealth, Hong KongHong Kong, home to a number of unicorns has over the past year witnessed a lot of developments in the local FinTech field. Despite the global disruption of Covid-19 pandemic, Hong Kong has managed to ma...
Was Alibaba a Trojan Horse for Hong Kong?
Share sale in 2019 is looking less like the ring fence it was intended to be
How China Lost Patience with Its Loudest Billionaire
The sudden cancellation of Ant Group’s IPO shocked investors, but Beijing's slapdown of Jack Ma was years in the making. And Alibaba and Ant aren't the only tech firms under scrutiny by Chinese regulators.
Alibaba transport logistics arm to “Hawaii of China” as Hong Kong faces increased competition
Cainiao, the logistics arm of Chinese ecommerce giant Alibaba, announced that it plans to launch a pilot supply chain zone in cooperation with the government of Hainan, helping the southern Chinese island become a free-trade zone similar...
US Withdrawing Trump Executive Orders To Ban TikTok, WeChat
A separate US national security review of TikTok remains ongoing, a White House official said.
‘There’s no reason to change’: China’s e-yuan meets lacklustre response
China has an established digital payment system dominated by Alipay and WeChat Pay, potentially slowing the adoption of the nation’s new sovereign digital currency.
Parents in China are snapping up a $120 smart lamp that has 2 surveillance cameras to keep an eye on their kids while they do their homework
The lamp is made by TikTok owner ByteDance, which is venturing into the $40 billion online learning market in China.
Alibaba rival JD raises $12 billion through stock offerings in a single year
In less than a year, Chinese e-commerce giant JD.com has raised $12 billion through public offerings in Hong Kong and New York.
'Dare to Lead the World': Huawei CEO Calls on Staff to Focus on Software Amid US Sanctions
The Chinese tech giant was placed on an export blacklist by former US President Donald Trump in 2019 and was denied access to essential US-origin technology, limiting its ability to design its own chips and procure components from outsid...
Tencent profits soar even as China tech crackdown worries linger
Tencent is pulling in more money and plans on investing more in games and videos, even as Beijing expands its scrutiny of the tech sector.
Tencent profit jumps 65 per cent on back of fintech, gaming and investments
China’s biggest social media and gaming company posted a 65 per cent rise in profit for the first quarter, beating estimates, as the company continues to face antitrust scrutiny from Beijing.
Hong Kong property worth up to HK$600 million likely to sell quickly
A site at Jardine’s Lookout being offered for sale through tender might be snapped up quickly amid an upswing in Hong Kong’s luxury housing market, according to real estate agency Savills.
Big Asia merger creates $18 billion ride-hailing and e-commerce group
Gojek and Tokopedia - two of Indonesia's biggest startups - have agreed to merge to create the largest tech group in the country and one of the biggest ride-hailing and e-commerce companies in southeast Asia.
Alibaba posts first operating loss as a public company following $2.8 billion antitrust fine
Alibaba posted its first operating loss as a public company in its fiscal fourth quarter as a massive antitrust fine it received last month weighed on its earnings, while revenue beat expectations.
China tech crackdown turns to food delivery giant Meituan as $38.96 billion is wiped off value
Chinese regulators have opened an antitrust probe into Meituan not long after fining Alibaba $2.8 billion in a similar investigation.
TikTok Hires Thousands to Challenge E-Commerce King Alibaba
Zhang Yiming built ByteDance Ltd. into the world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target: Alibaba.
The age of cyber warfare is a threat to us all
In his recent State of the Nation address, Vladimir Putin said that if challenged by another state, Russia’s response would be swift, harsh and ‘asymmetrical’. An unusual word, but anyone who has been paying attention to the developments...
China Vanke Explores Property Management IPO
China Vanke is again preparing to publicly list its property management wing in Hong Kong, with the hope of raising up to $2 billion.
US-China tensions hinder ByteDance IPO plan, sources say
TikTok and Douyin owner ByteDance face difficulties in restructuring to meet US and China regulations, sources said, while demands from various stakeholders are also complicating the company’s plans to go public.
The world is 'on the verge of the abyss’, says UN
The UN Secretary-General António Guterres gives a stark warning as the climate crisis looks set to worsen.
Hong Kong News
Add Your News