HongKong : Hong Kong shares of Alibaba Group were set to open up 5.5 per cent on Monday after China fined its affiliate, Ant Group, $984 million for violating 'laws and regulations', fuelling hopes that a years-long regulatory crackdown has come to an end. Alibaba's stock was set to open at HK$88.95.
HongKong : Hong Kong shares of Alibaba Group were set to open up 5.
5 per cent on Monday after China fined its affiliate, Ant Group, $984 million for violating"laws and regulations", fuelling hopes that a years-long regulatory crackdown has come to an end.On Saturday, Ant Group announced a share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020.
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Coco Lee's estranged husband Bruce Rockowitz calls her his 'beloved wife', couple reportedly due to divorce this monthHONG KONG - Hong Kong-American singer Coco Lee's estranged husband, Canadian businessman Bruce Rockowitz, has broken his silence a day after her death. The pop diva, who had battled depression, died on Wednesday (July 5) following a suicide attempt on Sunday. She was 48. Rockowitz, who is in his mid-60s, was reportedly away from Hong Kong, where he is based,...
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China's auto group retracts pledge to avoid 'abnormal pricing'SHANGHAI : The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid 'abnormal pricing' made two days earlier by 16 automakers, including Tesla..Thursday's CAAM-organised pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li
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A Hong Kong superstar dies every 10 years, claim netizens, prompting others to rubbish the theoryAfter news of Coco Lee's death broke on July 5, some people took to the internet to share their observation of an unusual pattern among the deaths of some Hong Kong superstars. From 1973 to 2023, one has died every 10 years, many before hitting the age of 50. In 1973, kung fu legend Bruce Lee died at the age...
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Miss Hong Kong 2023 hopefuls to look out for, including a former Miss Singapore contestantThe Miss Hong Kong 2023 pageant is almost upon us. After months of selection, the final rounds of interviews for the 26 hopefuls were broadcast last Sunday (July 2). Four were eliminated, bringing us to the upcoming preliminary event and main pageant, the latter of which is set to be held on Aug 27. Among the 22 who are shortlisted,...
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For Hong Kong's youth, government-backed hostels offer a smidgen of housing hopeHONG KONG: For most young adults, moving out of home is a rite of passage but in Hong Kong - notorious for its chronic lack of housing - it's usually an unaffordable dream. Silver Ho, a 26-year-old hair stylist assistant who was tired of arguing with his parents, counts himself as one of the lucky ones. Tw
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At least 300 migrants missing at sea near Spanish Canary Islands: Aid groupMADRID: At least 300 people who were travelling on three migrant boats from Senegal to Spain's Canary Islands have disappeared, migrant aid group Walking Borders said on Sunday (Jul 9). Two boats, one carrying about 65 people and the other with between 50 and 60 on board, have been missing for 15 days sinc
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