Hong Kong Archives

Alibaba Transforms into a Dual Primary Listing in Hong Kong

On August 23, Alibaba declared its voluntary transition from a secondary to a primary listing on the Hong Kong Stock Exchange, effective from August 28, 2024.

ByteDance’s New Office in Hong Kong Has Been Put into Use

ByteDance has leased and completed the decoration of the entire 37th floor of Hong Kong International Financial Centre. Many employees have already moved in for work.

Meituan Delivery Takes Four Months to Expand From Kowloon to Hong Kong Island

On September 19th, Meituan launched its food delivery service KeeTa in Hong Kong Island.

Alibaba Founder Jack Ma Appointed Honorary Professor at HKU

On April 21, the University of Hong Kong (HKU) announced on its official website that Jack Ma, the founder of Alibaba and a prominent Chinese business magnate, has been appointed as an honorary professor for three years. His focus will be on education and corporate innovation.

China Renaissance Delays 2022 Results after Founder Goes Missing

China Renaissance, a prominent player in China's tech industry, announced on April 3 that it would halt trading of its shares and postpone the release of its annual results.

Hong Kong Plans to Allow Retail Investors to Trade Cryptocurrencies

On February 20, the Hong Kong Securities and Futures Commission proposed new rules that would let retail investors trade certain "large-cap" cryptocurrencies on licensed exchanges. This move comes in contrast to mainland China's strict crackdown on crypto trading.

Alibaba HK Entrepreneurs Fund Sponsors SEED Foundation to Cultivate Middle School Students’ Interest in Science

The Alibaba HK Entrepreneurs Fund (AEF), which aims to support young people and entrepreneurs in Hong Kong, has sponsored the local charity SEED Foundation, to provide middle school students with science and technology knowledge and cultivate their interest in creating as early as possible.

Cross-Border Travel between Mainland China, Hong Kong and Macao to Resume Next Week

Cross-border travel between mainland China, Hong Kong and Macau will fully resume from February 6, with no advanced reservation requirement and no cap on the number of passengers arriving from these two special administrative regions via land ports in Guangdong province.

Hong Kong Monetary Authority Plans to Bring Stablecoins into Scope of Supervision

On January 31, the Hong Kong Monetary Authority (HKMA) stated that it would give priority to the supervision of stablecoins. The major global financial centre is striving to become a virtual asset center.

WM Motor Expected to Complete Hong Kong IPO in Q2

Apollo Future Mobility, a Hong Kong-listed company, announced on January 12 that it would acquire a subsidiary of Chinese automaker WM Motor for $2.02 billion. This is a strong indication of WM Motor's plan to carry out a public listing through a reverse takeover.

Recruitment Platform BOSS Zhipin Completes Dual Primary Listing in Hong Kong

Chinese online recruitment platform BOSS Zhipin completed a dual primary listing on the main board of the Hong Kong Stock Exchange by way of introduction on December 22, trading shares under stock code "2076."

Alibaba Cloud Experiences System Failure Surpassing 12 Hours

Alibaba's cloud computing unit suffered a system shutdown on December 19 that caused services to be interrupted for more than 12 hours. The anomaly was triggered by the failure of refrigeration equipment at a data center site operated by PCCW.

WM Motor Reportedly Planning to List via Reverse Merger

Half a year has transpired since Chinese electric vehicle startup WM Motor submitted its application for a public listing, but a lack of progress with those plans has caused it to consider alternative paths, such as reverse merger.

Manner Coffee to Open Store in Hong Kong

Pictures of a new "Maners Coffee" store located in Hong Kong's World Trade Centre were posted on November 21 on Xiaohongshu, a popular Chinese lifestyle-sharing platform. Apart from a slight change in its name, the logo is consistent with that of mainland chain Manner Coffee.

Alibaba Delays Primary Hong Kong Listing as Revenue Growth Slows

Hangzhou-based internet giant Alibaba stated on November 17 that it will not complete a primary listing in Hong Kong before the end of the year as initially planned. This delay comes as the firm struggles with slowing growth at home.

Hong Kong-Based Crypto Exchange Bitcoke Suspends Withdrawals Due to Investigation of Financial Officer

BitCoke, a Hong Kong-based crypto exchange, suspended withdrawals from 13:00 on November 13 local time due to a police investigation into its financial officer.

Hong Kong Unveils Measures to Develop Virtual Assets Value Chain

The Hong Kong government issued a policy statement on the local development of virtual assets at the opening of the city's flagship tech conference Hong Kong FinTech Week on October 31, aiming to promote the city as an international crypto hub.

Hong Kong to Legalize Retail Crypto Trade as Mainland Ban Persists

A planned mandatory licensing program in Hong Kong for crypto platforms set to be enforced in March of next year will reportedly allow retail trading. Regulators are seeking to allow listings of bigger tokens but won't endorse specific ones like Bitcoin or Ether.

What Will Meituan Face When Entering Hong Kong’s Food Delivery Market?

Chinese food delivery giant Meituan was reportedly preparing a new project for the Hong Kong market, and a recent recruitment notice has indirectly verified the rumor that it is about to explore Hong Kong's food delivery market.

Meituan to Expand On-Demand Delivery Services to Hong Kong

Meituan's on-demand delivery business unit is preparing to enter the Hong Kong market, and it is currently recruiting staff.

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