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US advisory firm Alvarez & Marsal plans major expansion in China

US consulting firm Alvarez & Marsal (A&M) is set to further expand its presence in China, after tripling the number…

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New Business

Chinese EV maker Nio eyes US$1.1 billion in proceeds from share placement

In a statement on Wednesday, the Shanghai-based carmaker said 181.8 million new shares would be issued, which would be allocated…

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New Business

Oracle shares surge 26% on cloud growth and OpenAI energy deal

Oracle surged to a record high in extended trading after the company posted a major increase in bookings and gave…

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New Business

The View | Resilient Asia shines as global office market sees signs of recovery

The facts speak for themselves. In 2019, investment transaction volumes in the office markets of central London and the New…

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New Business

Why Chinese tourism to US is still rising despite Trump: ‘hard to replicate’

When Gao Huasheng, a university professor from Shanghai, began planning a two-week family holiday to San Francisco earlier this year,…

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New Business

Hong Kong tops the US as the go-to IPO venue for Chinese start-ups as funds return to Asia

In the first of a two-part series about Hong Kong’s market for initial public offerings, Zhang Shidong and Ao Yulu…

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New Business

Hong Kong luxury rents lead the world with 8.6% surge in second quarter: Knight Frank

Hong Kong’s luxury home rents increased the most globally in the second quarter, according to Knight Frank, benefiting from an…

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New Business

Chinese eyeing US degrees turn more discerning – is the opportunity still worth the risk?

Jason Lin of Xiamen surprised his mother this year by applying to 10 undergraduate schools in the United States and…

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New Business

Hong Kong needs to offer more tax breaks to enhance art-trading hub status, expert says

Hong Kong needs to offer more tax benefits and other incentives to turn the city into a major base for…

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New Business

Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late…

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