Date
20 January 2019

Markets

  • Meituan Dianping CEO Wang Xing said the company will ofcus on cementing its presence at home, instead of overseas expansion in the near future. Photo: HKEJ

    Meituan said to have raised US$4.2 billion in Hong Kong IPO

    Sep 13, 2018 12:43pm
    Chinese online food delivery-to-ticketing services firm Meituan Dianping raised US$4.2 billion in the world’s biggest internet-focused IPO in four years as it priced the float near the top of an indicative range, Reuters reports, citing people...
  • Securities regulators have intensified their scrutiny of cryptocurrencies, noting that some tokens may be considered securities, which would make their issuance, sale and trading subject to federal laws. Photo: Bloomberg

    Wall Street regulators move against cryptocurrency firms

    Sep 12, 2018 9:06am
    Two Wall Street regulators announced a series of actions, including levying fines, against companies involved with cryptocurrencies, Reuters reports. Cryptocurrencies, like the well-known bitcoin, are virtual tokens that can be used as forms of payments on...
  • The property market may soften in the short term, but it still offers good investment opportunity amid the tight supply in the residential sector. Photo: Bloomberg

    Homes, not stocks, are best long-term bets – crisis or no crisis

    - Sep 11, 2018 11:12am
    The global financial tsunami that started with the collapse of Lehman Brothers happened exactly 10 years ago this week. Of course, Hong Kong was no stranger to financial crises, like the one that afflicted the Asian...
  • Maria Vullo, superintendent of the New York Department of Finance, has announced the state’s first stablecoins approvals. Photo: Bloomberg

    New York state regulator approves dollar-linked digital tokens

    Sep 11, 2018 9:35am
    New York state has approved Gemini Trust Company’s and Paxos Trust Company’s dollar-linked digital currencies, the first stablecoins to get the nod from the region’s regulator, Reuters reports. “These approvals demonstrate that companies can create change...
  • US President Donald Trump tweeted that Apple should make products in the United States if it wanted to avoid tariffs on Chinese imports. Photo: AFP

    Apple supplier shares fall after Trump tweet on tech giant

    Sep 10, 2018 3:43pm
    Shares of Apple Inc. suppliers fell across Asia on Monday after US President Donald Trump tweeted that the tech giant should make products in the United States if it wanted to avoid tariffs on Chinese imports,...
  • The US SEC has halted trading in crypto-related investment products Bitcoin Tracker One and Ether Tracker One in the United States with immediate effect. Photo: Bloomberg

    US regulator halts trading in two cryptocurrency products

    Sep 10, 2018 9:10am
    The US Securities and Exchange Commission has suspended trading in two investment products that track cryptocurrencies, citing confusion in the markets over whether the products are exchange-traded funds (ETFs), Reuters reports. Trading has been halted in...
  • Warren Buffett said investors are better off owning a basket of stocks than long-term bonds as a strong US economy bolsters corporate profits. Photo: Bloomberg

    Buffett says Berkshire buying own stock, more Apple

    Aug 31, 2018 10:25am
    Berkshire Hathaway Inc. chairman Warren Buffett said the conglomerate bought back its own stock for the first time since 2012 and added to its already huge stake in Apple Inc., Reuters reports. Buffett also said investors...
  • The 105-year Aston Martin, famed for making the sports car driven by James Bond, would become the first British carmaker to list in London for years. Photo: Bloomberg

    Aston Martin plans London listing as turnaround picks up speed

    Aug 30, 2018 10:38am
    Luxury carmaker Aston Martin plans to float on the London Stock Exchange, completing a turnaround for the once perennially loss-making company that could now be valued at up to 5 billion pounds (US$6.4 billion), Reuters reports....
  • Nio seeks fresh capital to develop new products and finance in areas such as autonomous driving and battery technologies. Photo: Bloomberg

    Chinese EV maker Nio seeks to raise US$1.32 billion in IPO

    Aug 29, 2018 10:18am
    Chinese electric vehicle start-up Nio Inc., backed by Chinese tech heavyweight Tencent Holdings Ltd. (00700.HK), said it expects to raise up to US$1.32 billion in its US initial public offering. Nio expects its offering of 160...
  • Shares of Tencent have fallen over 6 percent last week and are down by nearly a third from their record high close in January. Photo: Reuters

    Chinese internet stock selloff may shake faith in FANGs

    Aug 20, 2018 7:43am
    A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street’s nearly decade-long rally may be low on...
  • New stock bets taken by US hedge funds in the second quarter point to their optimism about the prospects for the world's largest economy. Photo: Reuters

    Hedge funds signal continuing confidence over US economy

    Aug 15, 2018 9:18am
    Prominent hedge fund managers appeared to have made bets that the US economy will continue to expand despite increasing concerns about a broadening trade dispute between the United States and China, Reuters reports. Hedge funds took...
  • At US$12.2 billion in short bets, Tesla is the most shorted company in the United States, S3 Partners said. Photo: AFP

    Tesla short sellers trim exposure but stay the course

    Aug 14, 2018 8:19am
    Short sellers betting against Tesla Inc. trimmed their exposure to the electric car maker’s stock after chief executive Elon Musk gave new information about his proposal to take the company private, Reuters reports. Data showed traders...
  • Tesla founder and CEO Elon Musk stunned investors by announcing on Twitter that he might take the electric-car company private in a record US$72 billion transaction. Photo: Bloomberg

    Investors sue Tesla, Musk over going-private proposal

    Aug 13, 2018 7:45am
    Tesla Inc. and its chief executive Elon Musk were sued by investors for allegedly fraudulently engineering a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private, Reuters reports. The lawsuits...
  • Tesla shares spiked on Thursday after the company signaled that its cash-burn was being brought under control. The stock surge left short-sellers with huge paper losses. Photo: Reuters

    Tesla short-sellers dealt a US$1.7 bln loss as shares soar 16%

    Aug 3, 2018 9:30am
    Tesla stock short-sellers are estimated to have suffered US$1.7 billion in paper losses on Thursday as shares of the electric-car maker soared more than 16 percent after the firm’s quarterly report, Reuters reports.  Tesla shares posted...
  • Bitcoin's plunge came after a sell-off in shares of technology and internet companies spilled over into other risky assets. Photo: Bloomberg

    Bitcoin slips below US$8,000 as investors step away from risk

    Jul 31, 2018 7:13am
    Bitcoin briefly fell below US$8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets, Reuters reports. The technology index tumbled...
  • The IPO pricing values money-losing Pinduoduo at US$23.8 billion, including all outstanding share options. Photo: Reuters

    Pinduoduo said to price US IPO at top end, raising US$1.63 bln

    Jul 27, 2018 9:42am
    Chinese online group discounter Pinduoduo Inc. priced its US initial public offering (IPO) at US$19 per American depositary share (ADS), raising US$1.63 billion in the second-biggest US float by a Chinese firm this year, Reuters reports,...
  • Xiaomi may be a great brand, but it's facing a lot of headwinds on the way to its listing. Photo: Reuters

    What’s wrong with Xiaomi?

    - Jul 6, 2018 4:13pm
    Everything that could go wrong went wrong for Xiaomi Corp. as it heads toward its trading debut on Monday. The high-profile listing billed as the largest technology offering since 2014 is expected to open 10 percent...
  • Dell said the agreement values its equity at between US$61.1 billion and US$70.1 billion, more than twice the value of the US$24.9 billion deal that took the company private in 2013. Photo: Reuters

    Dell moves to go public without IPO

    Jul 3, 2018 9:05am
    Dell Technologies Inc. said it will pay US$21.7 billion in cash and stock to buy back shares tied to its interest in software company VMware Inc., returning the computer maker to the stock market without an...
  • Xiaomi founder and chairman Lei Jun reiterates his company's pledge to keep pricing as close to cost as possible during a press conference on Saturday. Photo: Reuters

    Xiaomi: Cheap products, expensive valuation

    - Jun 26, 2018 11:48am
    “World-class products at half the price” is one of the best-known slogans of Xiaomi Corp., which is offering its shares to investors in Hong Kong this week. The Chinese smartphone maker’s founder and chairman, Lei Jun, said...
  • Xiaomi founder and CEO Lei Jun will preside over what promises to be a very interesting and well-attended press conference this Saturday. Photo: Bloomberg

    What Xiaomi’s first IPO presser would look like

    - Jun 21, 2018 4:28pm
    Financial journos, especially those covering the technology beat, will have to postpone plans for a well-deserved beauty sleep this weekend if they don’t want to miss an important event in the sector.  Smartphone maker Xiaomi Inc....

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