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Jingdong underperforms Hang Seng on debut despite 60-times oversubscribed IPO

Strong demand for Jingdong Industrials’ HK$2.98 billion (US$383 million) IPO failed to carry through to trading on Thursday, testing investor…

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New Business

Hong Kong’s IPO juggernaut projected to raise up to US$45 billion in 2026: KPMG

Hong Kong’s initial public offering (IPO) market is expected to raise up to HK$350 billion (US$45 billion) next year, extending…

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New Business

Hong Kong stocks extend losses as Wall Street caution weighs on sentiment

Hong Kong stocks fell for the third consecutive day on Wednesday, tracking a lacklustre session on Wall Street, as investors…

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New Business

Tencent quits Paramount’s Warner Bros bid amid US regulatory concerns

Chinese social media and gaming giant Tencent Holdings has pulled out of US media group Paramount Skydance Corp’s takeover bid…

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New Business

Why Japanese firms in China are unfazed by rising tensions: ‘we’ve been careful’

Beijing and Tokyo’s war of words over Taiwan was expected to be bad news for Japanese businesses in China. Previous…

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New Business

Hong Kong stocks extend losses amid rate-cut caution and muted China policy outlook

Hong Kong stocks extended their losing run for a fourth day on Tuesday, tracking Wall Street’s overnight pullback, as traders…

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New Business

Mainland China tycoon pays US$32.1 million for Hong Kong penthouse as luxury deals pick up

A duplex penthouse at Kerry Properties’ Mont Verra development in Beacon Hill, Kowloon Tong, sold for HK$250 million (US$32.1 million)…

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New Business

From capital funding to clean, green credibility: UOB powers Thailand’s net-zero journey

Thailand has set ambitious climate goals which include achieving carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065.…

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New Business

Qatari PM calls for dialogue with non-state actors for regional peace

Cannot resolve or reach solution if you have no one speaking to non-state actors, said Sheikh Mohammed at Doha forum…

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New Business

Australia imposes sanctions, travel bans on Afghan Taliban officials

Due to ‘oppression of women and girls, in undermining good governance or rule of law’ in Taliban-run country Minister for…

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