Date
13 November 2019

BUSINESS

  • Alibaba's share offering in Hong Kong would be the world’s biggest cross-border secondary listing. Photo: Reuters

    Alibaba set to launch US$13.4 billion HK share sale: report

    Nov 13, 2019 6:49pm
    Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to US$13.4 billion as soon as Thursday, Reuters reports, citing two sources with knowledge of the discussions. The...
  • Cathay Pacific expects second-half profit to be “significantly below” the first half’s HK$1.347 billion (US$172.04 million). Photo: Bloomberg

    Cathay Pacific cuts profit guidance again amid protests

    Nov 13, 2019 5:35pm
    Cathay Pacific Airways Ltd. (00293.HK) on Wednesday said the short-term outlook remained “challenging and uncertain” due to anti-government protests in its home market as it lowered its profit guidance for the second time in less than...
  • Tandem co-founder and CEO Ricky Knox said the app's AI engine helps customers predict cash flow, upcoming bills and expenses, and other financial issues. Photo: Tandem Co-Founder and CEO at Tandem, announces international expansion plan and the

    Tandem founder aims to take on banking giants

    - Nov 13, 2019 2:50pm
    App-based bank Tandem, which plans to expand into Hong Kong before the end of the year, is determined to take on the giants in the financial industry and grow into a “trillion-dollar business”, its co-founder and chief...
  • Smartphones were among the top-selling products on Alibaba’s online platform during the Double 11 festival this year. Photo: Reuters

    Apple, Huawei, Xiaomi reap big on Singles’ Day

    - Nov 13, 2019 2:20pm
    Alibaba Group has once again notched a big success on Singles’ Day, with total sales hitting a new high at 268.4 billion yuan (US$38.4 billion) during the 24-hour online shopping festival on Monday. Among the key...
  • Some homebuyers in Shenzhen are required to pay the luxury home tax even if they only buy a tiny apartment with an area of 35 square meters. Photo: Reuters

    Shenzhen eases tax rule on luxury homes

    - Nov 13, 2019 1:20pm
    Shenzhen’s housing and construction bureau announced on Monday that all residential apartments smaller than 144 square meters in the southern city will be exempted from the luxury home tax. The move is expected to boost the...
  • The proposed class-action lawsuit accuses McDonald’s of lacking policies to address sexual harassment, failing to train managers to prevent it, and retaliating against workers who complain. Photo: Bloomberg

    McDonald’s sued over sexual harassment, ‘toxic’ work culture

    Nov 13, 2019 10:24am
    McDonald’s Corp. was sued by workers in Michigan who accused the fast-food chain of allowing pervasive sexual harassment to flourish at its restaurants nationwide, Reuters reports. The proposed class-action lawsuit filed in a Michigan state court...
  • Some people trying to access the Disney+ service were greeted by an error message on Tuesday. Photo: Reuters

    Disney+ debut hit by tech glitches, company blames demand

    Nov 13, 2019 10:13am
    Walt Disney Co.’s long-awaited debut in the streaming media wars was hit with technical glitches that the company said were caused by higher-than-expected demand, Reuters reports. It was unclear how many people successfully signed up and...
  • White House economic adviser Larry Kudlow (bottom right) laughs as US President Donald Trump makes a joke during his remarks at the Economic Club of New York at the Hilton Midtown Hotel in Manhattan on Tuesday. Photo: Reuters

    Trump says China trade deal ‘close’, offers no signing details

    Nov 13, 2019 9:58am
    US President Donald Trump dangled the prospect of completing an initial trade deal with China “soon” but offered no new details on the negotiations, Reuters reports. Markets had been on edge about Trump’s highly anticipated remarks...
  • Slowing economic growth suggests a dim outlook for housing starts. Photo: Reuters

    Don’t be overly excited about cement plays

    - Nov 13, 2019 8:00am
    Hong Kong has dipped into recession but the housing market remains firm; this is probably one of the biggest anomalies in the market. Similarly in China, though economic growth is slowing, the real estate climate index compiled...
  • Tandem co-founder Ricky Knox said his challenger bank aims to make a big difference in the Hong Kong market, which has long been dominated by old, established names like HSBC. Photo: Tandem/Reuters

    UK challenger bank Tandem plans to launch in Hong Kong this year

    - Nov 12, 2019 7:16pm
    Tandem, the UK challenger bank co-founded by fintech veteran Ricky Knox, is gearing up to expand into Hong Kong before the end of the year, as part of its international growth plans. In an exclusive interview...
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WORLD

  • Some US lawmakers want the Senate to push a Hong Kong-related bill, following through on an initiative by the House of Representatives. Photo: Reuters

    US senators push for vote on Hong Kong rights bill

    Nov 13, 2019 4:55pm
    The chairman of the US Senate Foreign Relations Committee said on Tuesday that he wants the Senate to pass legislation to support pro-democracy protesters in Hong Kong, Reuters reports. Republican Senator Jim Risch noted that he...
  • Some homebuyers in Shenzhen are required to pay the luxury home tax even if they only buy a tiny apartment with an area of 35 square meters. Photo: Reuters

    Shenzhen eases tax rule on luxury homes

    - Nov 13, 2019 1:20pm
    Shenzhen’s housing and construction bureau announced on Monday that all residential apartments smaller than 144 square meters in the southern city will be exempted from the luxury home tax. The move is expected to boost the...
  • Former Vatican treasurer George Pell is serving a six-year jail sentence for sexually assaulting two teenage choirboys. Photo: AFP

    Cardinal Pell allowed to challenge sexual abuse conviction

    Nov 13, 2019 9:58am
    Australia’s High Court agreed to hear a final appeal from former Vatican treasurer George Pell over his conviction for sexually assaulting two teenage choirboys,  Reuters reports. Pell, who is in jail serving a six-year sentence handed down...
  • As with any new technology, the success of blockchain will depend on how users perceive it, adopt it, and interact with it, says the author. Graphic: Reuters

    What needs to happen for blockchain to become mainstream

    - Nov 13, 2019 9:33am
    The early enthusiasm for blockchain and the virtual assets it supports, while still felt by a large and active community, has also given way to disappointment and cynicism in some quarters. At this point in blockchain’s short...
  • Huawei is preparing to reward staff who helped the company weather the impact of US trade sanctions. Photo: Reuters

    Huawei to reward staff with huge bonus as it rides out US curbs

    Nov 12, 2019 5:09pm
    Chinese telecoms equipment giant Huawei Technologies said on Tuesday that it will hand out 2 billion yuan (US$286 million) in cash rewards to staff working to help the firm ride out US sanctions. The reward is...
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Living

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Hong Kong

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