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The Latest Breaking News from Hong Kong

Cross-Border E-commerce Trader Zibuyu Files for IPO Despite Sinking Profits

Key Takeaways: Cross-border e-commerce company Zibuyu has filed for a Hong Kong IPO, but could be undermined by its heavy reliance on Amazon and the U.S. market The company’s first-half profit plunged 46% as its merchandise return rates and costs both rose sharply By Stone Shek

Benzinga

Hong Kong is giving away 500,000 free flights after ditching quarantine rules

Days after it announced that mandatory hotel quarantine to limit the spread of coronavirus would be ditched, Hong Kong has said 500,000 free plane tickets will be given out

Daily Mirror

Megayacht tied to sanctioned Russian tycoon anchors in Hong Kong

Superyacht linked to Russian billionaire Alexey Mordashov is estimated to be worth $500m.

Al Jazeera

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Luxury yacht owned by sanctioned Russian oligarch docked in Hong Kong

A luxury yacht worth over half a billion U.S. dollars belonging to sanctioned Russian oligarch Alexey Mordashov has docked in Hong Kong waters, according to shipping records, after a week-long voyage from Russia.

Reuters

Yacht owned by sanctioned Russian tycoon docks in Hong Kong

A superyacht connected to Russian tycoon Alexey Mordashov has anchored in Hong Kong this week amid moves by Western governments to seize yachts connected to sanctioned Russian businessmen

The Independent UK

Pink diamond expected to fetch more than £20m at Hong Kong auction

Williamson Pink Star is second largest ‘fancy vivid pink’ diamond to ever appear at auction

The Guardian - UK

Alibaba Sheds 1%, Nio, EV Peers Tank Over 6%: Hong Kong Stocks Open Lower As Focus Turns To US Jobs Data

Hong Kong stocks opened in the red on Friday ahead of the release of the U.S.

Benzinga

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Who are the possible contenders for the 2022 Nobel Peace Prize?

While Ukrainian President Volodymyr Zelenskyy is a favourite to win, here are some other figures working towards making the world a peaceful place.

ABC News

Lepu Biopharma Marches Towards First Sales as Costs Mount

Key Takeaways: Lepu Biopharma will incur more operational costs as it builds up its production capacity and sales and marketing teams to commercialize its first approved product The company’s stock surged after it said it would list on Shanghai’s STAR Market and be included in the Shenzhen-Hong Kong Stock Connect…

Benzinga

Falling IPO Star: Hong Kong Tipped to Lose Top-Three Ranking Again

Key Takeaways: As of the third quarter of this year, the world’s top three IPO capital raisers were the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Korea Exchange, with Hong Kong lagging in fourth place

Benzinga

Japan and Hong Kong have finally re-opened their borders to international tourists

Covid restrictions are continuing to ease every day and now some countries are back on the table for eager travellers

Bristol Post

Hong Kong to offer 500,000 free flight tickets to lure back tourists

Virgin Atlantic is dropping its London-Hong Kong route for the first time in 30 years

The Independent UK

Asia's Biggest Film Festival Back in Top Form in 2022

Movie stars, directors and fans descended on South Korea's port town of Busan Wednesday as Asia's largest film festival returned at full power post-pandemic, with an Iranian film opening the event. Top Korean actors and Asian stars including Hong Kong's legendary Tony Leung are set to attend the Busan International…

Asharq Al-Awsat

Alibaba, Nio, EV Stocks Fall: Hang Seng's Wednesday Rally Proves A Farce As Index Tracks Weaker Wall Street Close

Hong Kong stocks opened in the red on Thursday after Wall Street indices lost steam following a two-day rally. The benchmark Hang Seng lost 0.52% in opening trade.

Benzinga

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Bangkok Post

16 Chinese nationals arrested in Pattaya

Sixteen Chinese nationals suspected of running an illegal online money-lending business were arrested during a police raid in Pattaya on Wednesday.

Bangkok Post

16 Chinese nationals arrested in Pattaya for illegal money-lending

CHON BURI: Sixteen Chinese nationals suspected of running an illegal online money-lending business were arrested during a police raid in the beach town of Pattaya beach town on Wednesday.

The Independent UK

Which countries still have Covid travel restrictions?

While much of Europe and many popular tourist destinations have done away with Covid-19 documentation at the border, these 27 countries and territories still insist on it

Bangkok Post

Google Translate app no longer available in China

HONG KONG: Google Translate, one of the few remaining consumer services that the US tech giant made available in mainland China, is no longer accessible in the country, marking the company's latest retreat from the world's largest internet market.

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The Independent UK

Hong Kong shares soar 6%, leading Asian market gains

Hong Kong's share benchmark has soared more than 6% as Asian shares track gains on Wall Street

Bangkok Post

TAT banking on e-visas

With Malaysian tourists becoming the first source market to reach 1 million and reopening of more countries in sight, Thai tourism could realise an even stronger rebound among the Asian market if e-visas are adopted and international flights resume, according to the Tourism Authority of Thailand (TAT).

Asharq Al-Awsat

China Since the Founding of the Communist Party

Here are the key dates in China since the founding of the Communist Party (CCP) which has grown into one of the world's most powerful political organizations as brought by AFP. - July 1921: Founded in secret - In the summer of 1921, Mao Zedong and a clutch of Marxist-Leninist…

Tribune News Service

Commentary: Why I’m glad to be living in crisis Britain

“You chose a good time to come back,” the Waitrose cashier said ironically when I told her this was my first week living in the U.K. since 1990. And that was before the Queen died and the pound collapsed to a record low.

The Independent UK

Hong Kong leader promises revival on China's National Day

Hong Kong’s leader has promised to revive its struggling economy following a campaign to crush a pro-democracy movement

Motor1

Maserati Debuts New Showroom Design Bridging Online, Offline Shopping

Maserati plans to launch this in its stores in Berlin, Hong Kong, Madrid, Melbourne, and Shanghai by the end of 2022.

Benzinga

AIM Vaccine Shrinks Its IPO But Gives Chairman a Mega Paycheck

Key Takeaways: AIM Vaccine is finally landing on the Hong Kong Stock Exchange at its third attempt, but has only issued 0.8% of its total share capital, raising a net HK$70 million The company issued equity incentives worth a whopping 900 million yuan to its chairman before going public, and…

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