AI start-up files for IPO
Staff reporter and Bloomberg
Chinese artificial intelligence startup Deepexi has applied for an initial public offering in Hong Kong via a regime designed for uncommercialized tech companies.
If successful, Deepexi would be the first corporate AI application developer in the city’s stock…
PWC exits nine African countries
PwC shut operations in nine Sub-Saharan African countries last month following a strategic review, the Big Four accounting firm said, in response to a media report that said the company exited over a dozen countries to avoid scandals.
PwC, which operates as a global network of locally owned…
Link completes $78m solar installations on 53 properties
Staff reporter
Link Asset Management said it has completed the HK$78 million solar panel installation program in Hong Kong, which has an estimated return of nearly 20 percent.
The company, which manages Link Real Estate Investment Trust (0823), revealed that the program spanning 53 properties…
Tuen Mun’s Mori cuts prices by 6pc in fifth list
Cici Cao
Road King Infrastructure (1098) yesterday unveiled its fifth price list for flats at Mori in Tuen Mun with prices that are 6 percent cheaper compared to previous lists.
The 75 flats in the new list have an average price of HK$9,080 per square foot after discounts, compared to 70 units in…
Asset manager offers Shanghai tower at 20pc discount
ARA Asset Management, a unit of Warburg Pincus-backed ESR (1821), is offering to sell a premium office tower in Shanghai for about 2.3 billion yuan (HK$2.45 billion), people familiar with the matter said, as companies look for a way out of China’s troubled economy and property market crisis.
The…
Nvidia stares at US$5.5b hit over export clamp
Nvidia did not warn at least some major customers in advance about new US export rules it was told about a week ago requiring it to obtain licenses to sell its China-focused artificial intelligence chip, sources said.
The chip giant faces first-quarter charges of up to US$5.5 billion (HK$42.9…
TD urges public to plan their cross-boundary trips in advance during long weekend of Easter holidays
nan
Report on IPD (March 2025)
Report on IPD (March 2025)
Avian Influenza Report (Volume 21, Number 15 (Week 15))
Avian Influenza Report (Volume 21, Number 15 (Week 15))
Money lost to online shopping scams rises by 87% in Hong Kong to HK$356 million
Woman swindled out of nearly HK$1 million in concert ticket fraud among 11,559 online scam cases recorded last year.
Hong Kong must become global supply chain hub to navigate US trade war: experts
Head of Hong Kong Chinese Importers’ and Exporters’ Association and lawmaker say city must strengthen supply chain services, support businesses.
Hong Kong Housing Authority launches Well Being·Start-Up 2.0 Programme to boost youth entrepreneurship
17th April 2025 – (Hong Kong) The Hong Kong Housing Authority (HA) has announced the Well Being·Start-Up 2.0 Programme, marking a significant expansion of its support for youth entrepreneurship. This initiative introduces a public-private partnership model, increasing the scope and scale of entrepreneurial opportunities for young people. The programme aims to inject vitality into the […]
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Chinese tea firm Chagee raises US$411 million in New York IPO
17th April 2025 – (New York) Chagee, a Chinese tea company, has successfully raised $411 million through its initial public offering (IPO) in New York. The company set its share price at $28 each, according to two sources familiar with the matter. While Chagee has not issued an official statement or responded to requests for […]
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Hong Kong to jail, fine national security offenders that hold office in unions
Under authorities’ proposed legal amendments, those in breach can be sentenced to three years in jail and fined HK$50,000.
China bans use of “smart driving” terms in auto ads, tightens EV regulations
17th April 2025 – (Beijing) China’s Ministry of Industry and Information Technology has banned automakers from using terms like “smart driving” and “autonomous driving” in advertisements for driving assistance features. Automakers must now verify the reliability of advanced driving assistance systems (ADAS) through rigorous testing and obtain regulatory approval before deploying over-the-air updates for vehicles […]
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Elderly man hides under KMB bus after being attacked while chasing bicycle thief in Sham Shui Po
17th April 2025 – (Hong Kong) At 11.57am today, police received a report of a man allegedly trapped under a bus outside 265 Lai Chi Kok Road, Sham Shui Po. Other passersby also reported a fight, claiming one individual was hiding beneath the bus. Emergency responders confirmed that the man was not trapped and determined […]
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Man found dead after falling from height at Hong Tin Court in Lam Tin
17th April 2025 – (Hong Kong) At 1.34pm today (17th April), a woman reported an incident involving a man who allegedly fell from a height. The man was discovered lying on the platform outside Kei Hong House at Hong Tin Court, located at 31 Kai Tin Road in Lam Tin. Emergency services arrived at the […]
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Hong Kong government proposes parking fee increase after 31 years
17th April 2025 – (Hong Kong) Today (17th April) The Hong Kong government submitted a proposal to the Legislative Council to raise fixed fines for traffic violations and adjust parking meter fees, which have not been revised for 31 years. The new proposal suggests increasing the rate from the current HK$2 per 15 minutes to […]
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