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...Many of those suppliers responded by switching to selling items on Temu, owned by Nasdaq-listed PDD Holdings, which is spending billions of dollars trying to replicate Shein’s success in shipping ultra-cheap...
...A deep market downturn in Hong Kong has made it more difficult for Chinese companies to raise money closer to home....
...CATL is also slowly moving forward with a share sale in Hong Kong, mainly to bring in customers as stakeholders, Zeng said. “Many of our customers . . . they want to invest in us,” he said....
...Earlier this month investment bank Jefferies held its annual Asia forum in Hong Kong....
...“It is always inevitable that Hong Kong would contract as a port,” said Tim Huxley, chair of Hong Kong-based shipping investment company Mandarin Shipping. “Manufacturing moved elsewhere....
...While former China bull Stephen Roach lamented recently that Hong Kong is over, that dynamism continues....
...The IPO option has become more difficult because of challenging market conditions in places such as Hong Kong and China....
...But Temu’s US growth along with its parent company’s increasing sales in China led PDD to overtake Alibaba last year as the largest Chinese ecommerce company by market capitalisation, currently worth $173bn...
...Owen estimated that ecommerce made up about half of the air freight that Cathay Cargo shipped through Hong Kong, adding that the company had accelerated investment in ecommerce and southern China to keep...
...Additional reporting by Eleanor Olcott in Hong Kong...
...“Valuations are at a reasonable level for the national team to buy in,” said Xia Chun, chief economist at Forthright Financial Holdings in Hong Kong....
...Cathay Pacific recorded its highest annual profit since 2010 as the Hong Kong airline enjoyed a surge in demand following the end of pandemic restrictions....
...China’s red-hot property sector began to cool off, and Oceanwide Holdings was removed from Hong Kong’s Hang Seng Midcap index in 2017....
...But with the exception of MGM China, which gained sharply following its results last month, the Hong Kong-listed shares of the five other big Macau casino operators have fallen over the past year....
...Its top holdings include Saudi Aramco, the state-owned petroleum and natural gas company, and Al Rajhi Banking & Investment, the country’s largest bank....
...Ant is still awaiting regulatory approval to obtain a financial holding licence, a crucial step to pursue a more modest IPO in Hong Kong or China, according to people close to management....
...That paid off when a judge appointed them as the liquidators of Evergrande’s Hong Kong-listed holding company in January — a job for which they beat competition from rivals at Big Four firms, as DD’s Kaye...
...Join us in Hong Kong on March 11 for a breakfast event (8.15 — 9.45am) with Miles Johnson, FT’s investigative reporter and host of hit podcast Hot Money: New Narcos, and the FT’s Asia editor Robin Harding...
...One of these people said that Hong Kong had also been considered, but had decided against listing in the city, citing its stock market’s recent poor performance....
...And it has become a hot commodity in Hong Kong and China since the US began restricting its shipment to Chinese customers....
...Finnish police said on Friday evening it was focusing on Newnew Polar Bear, a Hong Kong-registered container ship, as its movements coincided with the time and place of the damage....
...Chair Young Liu said in August that the company was going to invest “several billions of US dollars” in India. Additional reporting by Hudson Lockett in Hong Kong...
...Jardines, one of Hong Kong’s oldest colonial-era business empires, controls Indonesian conglomerate Astra International, whose subsidiary Agincourt Resources operates the Martabe gold mine in Sumatra....
...Swiss logistics company Kuehne+Nagel moved its regional headquarters from China to Singapore before completing its $1.3bn acquisition of Hong Kong-based Apex Logistics in 2021, according to Joerg Wolle,...
...There's a plaque on the wall outside the office, but in fact, the company that's registered in Ireland is not Temu or PDD Holdings, but another company completely, WhaleCo Technology Limited....
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