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Results for "Hong Kong"

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Alibaba Raises $10 Billion for AI Push Through Share Sale
TechnologyReutersbloombergmarketwatch+3morningstarYahoocaixin-global8h ago6 sources

Alibaba Raises $10 Billion for AI Push Through Share Sale

Alibaba has raised $10 billion through a share placement in Hong Kong, with the funds earmarked for its artificial intelligence initiatives. The announcement led to a drop in Alibaba's stock as investors questioned the justification for the significant AI spending.

Alibaba Plans $10 Billion Share Sale to Fund Global AI Expansion
BusinessReutersbloombergFT+14der-spiegelSCMPder-standarddie-pressenikkei-asiaobservadorYahoostraits-times+6 more1d ago17 sources

Alibaba Plans $10 Billion Share Sale to Fund Global AI Expansion

Chinese e-commerce giant Alibaba announced plans to raise over $10 billion through a share placement in Hong Kong, aiming to significantly expand its investments and drive in artificial intelligence.

Shein Prepares for Hong Kong IPO Amid Valuation Concerns
Businessorf6d ago

Shein Prepares for Hong Kong IPO Amid Valuation Concerns

Chinese fast-fashion giant Shein is preparing for its initial public offering in Hong Kong, with the subscription period starting Wednesday and shares expected to trade on August 28. The IPO is under scrutiny due to the company's decreased valuation.

AIA Life Korea CEO Nathan Chuang Resigns
BusinessKorea Herald6d ago

AIA Life Korea CEO Nathan Chuang Resigns

Nathan Chuang has stepped down from his position as Chief Executive Officer of AIA Life Korea, the South Korean unit of the Hong Kong-based life insurance company, citing a decision to pursue other opportunities.

China and Japan Lead Foreign Central Banks in Dumping US Treasuries
WorldSCMPwolf-street6d ago2 sources

China and Japan Lead Foreign Central Banks in Dumping US Treasuries

Foreign central banks and governments, particularly China/Hong Kong and Japan, have significantly reduced their holdings of US Treasuries. This move by Japan was linked to raising USD for yen intervention, while China's reduction was amid concerns over the Iran war and Federal Reserve uncertainty.

Fatal Multi-Vehicle Crashes in Ireland and Hong Kong Cause Multiple Injuries and Deaths
WorldSCMPirish-timesjutarnji-list7d ago3 sources

Fatal Multi-Vehicle Crashes in Ireland and Hong Kong Cause Multiple Injuries and Deaths

Multiple serious multi-vehicle crashes occurred in Ireland and Hong Kong, resulting in several fatalities and numerous injuries. In Ireland, five teenagers died in a head-on collision on a motorway, while another crash in Co Kerry seriously injured three people; in Hong Kong, five were injured in a taxi and car collision.

Businessbloomberg7d ago

Robotera Considers Hong Kong IPO Amid Robotics Boom

Robotera, a Chinese robotics startup backed by HSG and CDH Investments, is reportedly planning an initial public offering (IPO) in Hong Kong. This move comes as a growing number of companies in the robotics industry seek to go public.

Hong Kong Hosts Wine & Dine Festival
Culturedie-presse2d ago

Hong Kong Hosts Wine & Dine Festival

Hong Kong's Wine & Dine Festival invites visitors to explore culinary delights amidst the city's skyline, Victoria Harbour, temples, and fragrant markets.

Hong Kong Convicts Tiananmen Vigil Organizers, Drawing International Condemnation
WorldAPBBCThe Guardian+10times-ukSCMPmarketwatchla-vanguardiachina-dailyhk-free-presstaipei-timesglobal-times+2 more2d ago13 sources

Hong Kong Convicts Tiananmen Vigil Organizers, Drawing International Condemnation

Hong Kong courts have convicted leaders of the now-banned Tiananmen Square vigil for subversion, prompting strong criticism from Western governments and human rights organizations. The convictions are seen as a further erosion of freedoms in the city, with concerns raised about the future of dissent and free expression.

Hong Kong Activists Convicted for Inciting Subversion Over Tiananmen Vigils
WorldBBCbloombergFT+39le-mondeThe GuardianAl Jazeeranzzyle-uutisetcbcnosruv+31 more3d ago42 sources

Hong Kong Activists Convicted for Inciting Subversion Over Tiananmen Vigils

Two prominent Hong Kong democracy activists have been convicted of inciting subversion for their roles in organizing annual vigils commemorating the Tiananmen Square massacre. The conviction highlights the ongoing crackdown on dissent in the city.

Shein Delays Planned Hong Kong IPO Listing to September 2026
Businessder-standardorfYahoo+2la-vanguardiaDaily Sabah4d ago5 sources

Shein Delays Planned Hong Kong IPO Listing to September 2026

Fast-fashion retailer Shein has once again postponed its highly anticipated initial public offering (IPO) on the Hong Kong stock exchange. The company now plans for its market debut to occur in September 2026, later than previously anticipated.

CK Hutchison Seeks $1.5 Billion in Damages from Panama
PoliticsAPbloombergFT+12cnbcle-figaroSCMPnikkei-asiaYahoojapan-timeschannel-news-asiaseeking-alpha+4 more4d ago15 sources

CK Hutchison Seeks $1.5 Billion in Damages from Panama

CK Hutchison is seeking $1.5 billion in damages through arbitration against Panama after being ousted from the Panama Canal. This comes amidst various other news from Hong Kong, including a booming IPO market, new AI systems for vehicle license renewals, and a decline in mid-year birth rates.

Businessbloomberg5d ago

Shein Targets Up to $27B Valuation in Hong Kong IPO

Chinese fast-fashion giant Shein is preparing for its initial public offering in Hong Kong, targeting a valuation between $26 billion and $27 billion, with the subscription period starting Wednesday and shares expected to trade on August 28.

Mixed Bag of Earnings Previews and Market Sentiment Reports
WorldAPReutersCNN+8times-ukBarron'smorningstarseeking-alphathestreetbenzingabrussels-timesjordan-times8d ago11 sources

Mixed Bag of Earnings Previews and Market Sentiment Reports

This story is a collection of various financial news items, including earnings previews for companies like Flexsteel and Yalla, and market sentiment reports for Alliance Entertainment and Light S.A. It also contains unrelated search queries for illicit substances.

Police Crackdowns Lead to Multiple Arrests in Hong Kong and Ilocos
PoliticsSCMPinquirer8d ago2 sources

Police Crackdowns Lead to Multiple Arrests in Hong Kong and Ilocos

Police operations in Hong Kong resulted in 16 arrests, including a 13-year-old boy, as part of a juvenile crime crackdown, and 17 arrests in a scam group operation. Separately, Ilocos police apprehended 74 individuals during their crime crackdown amidst heavy rains.

Shein Launches Hong Kong IPO at Reduced Valuation
FinanceReutersFTle-monde+8nzzglobe-and-mailmorningstarYahoocaixin-globalhk-free-pressDaily Sabahazernews5h ago11 sources

Shein Launches Hong Kong IPO at Reduced Valuation

Fast-fashion retailer Shein has launched its initial public offering in Hong Kong, seeking to raise up to $1.8 billion at a valuation of up to $27 billion, significantly lower than its peak valuation in 2022.

Hong Kong Woman Arrested for Seditious T-Shirt
WorldSCMP7h ago

Hong Kong Woman Arrested for Seditious T-Shirt

Hong Kong police have arrested a woman for allegedly wearing a T-shirt with a seditious message outside West Kowloon Court, also facing charges of disorder in a public place and obstruction.

Hong Kong Residents Embrace Digital Detox Trends
CultureSCMP1d ago

Hong Kong Residents Embrace Digital Detox Trends

A wellness series in Hong Kong explores how residents are adopting digital detox practices, as experts warn about the links between excessive screen use and mental health issues like anxiety and depression.

WorldAP2d ago

AP News Hong Kong Coverage

AP News maintains a dedicated section for news and updates related to Hong Kong, covering various events and developments in the region.

Beyblade Trend Boosts Hong Kong Mall Sales
BusinessSCMP2d ago

Beyblade Trend Boosts Hong Kong Mall Sales

Beyblade battles are driving up sales at shopping centers in Hong Kong, with the clatter of spinning tops and cheers echoing across malls, raising questions about the trend's longevity.

Shein Prepares for Hong Kong IPO Amid Valuation Drop
Technologycapital-bg4d ago

Shein Prepares for Hong Kong IPO Amid Valuation Drop

Chinese online retailer Shein is reportedly preparing for an initial public offering (IPO) in Hong Kong, with an estimated valuation of $25-28 billion, a significant decrease from its nearly $100 billion valuation four years prior.

Trump Delays Tariffs on Canadian Goods Amid Trade Deal Hopes
PoliticsBBCbloombergNYT+75FTle-mondewapoThe GuardianNPRAl Jazeeradr-dkFox News+67 more5d ago78 sources

Trump Delays Tariffs on Canadian Goods Amid Trade Deal Hopes

President Trump has postponed the imposition of 50% tariffs on Canadian products for three days, citing progress towards a trade deal between the two nations. This decision comes amidst broader discussions on international trade and security.

Trump-Linked Crypto Firm Collaborates with Chinese Companies
Politicsnaftemporiki6d ago

Trump-Linked Crypto Firm Collaborates with Chinese Companies

A cryptocurrency company co-owned by the Trump family, World Liberty Financial, is reportedly collaborating with a Hong Kong-based firm that offers access to AI models, despite the Trump administration previously deeming such Chinese companies dangerous.

Shein Targets Around $25 Billion Valuation for Hong Kong IPO
BusinessReutersbloombergtvn24+6index-hrYahoocapital-bgcyprus-mailthestreetkhaleej-times7d ago9 sources

Shein Targets Around $25 Billion Valuation for Hong Kong IPO

Online fashion retailer Shein is reportedly targeting a company valuation of around $25 billion for its initial public offering in Hong Kong, a figure that represents a significant decrease from previous estimates.