initial public offering

New Business

Hong Kong’s IPO market to end 3-year slump amid China support, rising confidence

Initial public offerings (IPOs) in Hong Kong are bouncing back, shaking off a slow start to the year as more…

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New Business

ESR shares jump 4.9% on US$7.1 billion take-private offer by founders, private funds

Shares of ESR Group jumped by the most in nearly seven months after a consortium including its founders, US funds…

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Tech

Shein gets go-ahead to build US$514-million first phase of new Guangzhou supply chain hub

Chinese-founded fast-fashion online retailer Shein has received the go-ahead from local authorities in Guangzhou, capital of southern Guangdong province, to…

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New Business

Hong Kong IPO: China’s Black Sesame raises US$133 million in tough market conditions

Mainland Chinese car chip designer Black Sesame International Holding has become Hong Kong’s fifth-largest listing of the year after pricing…

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Tech

Shein, Temu face uncertain times in South Africa, EU, other markets amid high-tariff push

Some consumers in South Africa are looking to abandon popular low-cost online retailers Shein and Temu, according to recent social…

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New Business

AI giant iFlytek to invest HK$400 million in Hong Kong, opens international headquarters

“Our initial budget is HK$400 million,” iFlytek senior vice-president Duan Dawei told the South China Morning Post at the opening…

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Tech

Elon Musk surpasses Jeff Bezos as world’s richest person as Tesla stock outpaces all S&P 500 rivals

A statement that seemed outlandish one year ago became plausible, then almost inevitable as Tesla’s share price climbed higher and…

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Tech

Hong Kong blockchain gaming firm Animoca sets sights on recovery after listless 2023

Animoca said its cash and stablecoin balance declined to US$175 million at the end of 2023, from US$194 million as…

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Tech

TikTok owner ByteDance adjusts share option policy in favour of staff in tax, cash-in arrangements

ByteDance, the owner of popular short video app TikTok, is adjusting its policy on share options so that employees can…

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