hongkong Archives

AutoNavi Launches Taxi-Hailing Service in Hong Kong, But Ride-Hailing Business Remains Restricted

Recently, AutoNavi, a digital map and navigation service provider backed by Alibaba, quietly launched taxi services in Hong Kong, including instant car booking and airport transfer services.

Keep Lists on The Stock Exchange of Hong Kong with A Market Capitalization of $2 Billion

On July 12th, Keep, the first sports technology company, officially listed on The Stock Exchange of Hong Kong with the stock code "3650".

Hong Kong Disneyland Reports A Net Loss of $270 Million for the Fiscal Year 2022

Hong Kong Disneyland Resort announced its financial performance for the 2022 fiscal year on May 15th. For the fiscal year ending September 30, 2022, the resort reported a net loss of HKD 2.1 billion (about USD 270 million), which narrowed by 12% compared to the previous year and marked two consecutive years of narrowing losses.

Hong Kong Introduces Unmanned Bus for the First Time

On May 12th, the unmanned electric bus officially began operation in Hong Kong. It is the first time that an unmanned bus has been introduced in Hong Kong.

Alibaba’s Cainiao Responds to Rumors of Raising $2 billion and IPO in Hong Kong

Recently, news of Cainiao's listing in Hong Kong has once again surfaced. The news states that Alibaba's logistics subsidiary, Cainiao, plans to IPO in Hong Kong in early 2024 and aims to raise $2 billion.

Prosus Continues to Reduce Its Stake in Tencent

Prosus, a major shareholder of Tencent, announced that as part of its ongoing share buyback plan, it will deposit 96 million Tencent shares it holds into the Hong Kong Central Clearing and Settlement System (CCASS) in certificate form this week to enable these shares to be traded orderly on the market.

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