UBS

New Business

China’s Silicon Valley benefits from hi-tech focus as output, investment shine

Shenzhen’s hi-tech economic activities have emerged as a bright spot amid China’s sluggish economy, with the southern Chinese city posting…

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Tech

Temu owner PDD’s stock rout reflects ‘shaken investor confidence’, analysts say

A 28.5 per cent stock price plunge on Monday that wiped US$55 billion off the valuation of PDD Holdings, the…

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New Business

Hong Kong office towers put on the block amid loan-payment conflict between owners

The owners of two grade-A office buildings on Hong Kong Island, known as Cityplaza Three and Four, are putting the…

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Tech

Temu sellers struggle with disputes amid complex company structure outside China

“Given the cross-border nature of these transactions, it’s logical for both parties to agree on a dispute resolution method and…

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New Business

UBS takes the spirit out of China’s distillers by downgrading Moutai, other baijiu brands

UBS Group downgraded the ratings on Kweichow Moutai and other Chinese major liquor distillers as capacity expansions and destocking strategies…

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New Business

Hong Kong’s 2024 property slump feels like it’s 1997 all over again – or is it?

That was just the start. CK Asset, known as Cheung Kong Property Holdings until it was renamed, would later send…

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Tech

Chinese wealth management unicorn Lufax on path to biggest US listing by Chinese issuer this year, targets US$2.4 billion IPO

Chinese wealth management unicorn Lufax Holding is selling American depositary shares (ADSs) in an initial public offering (IPO) on the…

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New Business

Chinese restaurant chain Xiaocaiyuan makes another attempt to list in Hong Kong

Chinese restaurant chain Xiaocaiyuan International Holding resubmitted pre-listing documents to the Hong Kong stock exchange on Tuesday after its initial…

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New Business

UBS names ex-Credit Suisse manager Janice Hu as China vice-chair

Swiss bank UBS Group has named Janice Hu, the former China chief of Credit Suisse, as vice-chair of its mainland…

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