Yantoultra Ngui

    Chinese tech companies, led by Zhipu AI, climb in Hong Kong debut

    Three tech IPOs raised roughly HK$9.2 billion Hong Kong raised $37.22 billion from 115 listings in 2025 – LSEG data MiniMax, OmniVision scheduled to debut on January 9 SINGAPORE, Jan 8 (Reuters) – Three Chinese technology firms debuted higher on Thursday after raising a combined HK$9.3 billion ($1.19 billion), setting the tone for what investors…

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    Line chart of Hang Seng Tech Index, rebased to 0 as of December 31, 2024

      Hong Kong’s IPO revival faces host of spoilers

      HONG KONG, Jan 5 (Reuters Breakingviews) – IPO fever has caught on in Hong Kong in a big way. On Friday, shares in Shanghai Biren Technology (6082.HK), opens new tab zoomed up 76% after the Chinese artificial intelligence chip designer raised more than $700 million in its initial public offering. That came three days after…

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      Ryan Woo

        China’s industrial profits tumble at fastest pace in over a year

        Industrial profits fell 13.1% in November, biggest drop in 14 months Automotive and high-tech sectors show profit growth Weak domestic demand offsets strong exports; no new stimulus introduced BEIJING, Dec 27 (Reuters) – Profits at China’s industrial firms in November fell at their fastest pace in over a year, as weak domestic demand offset resilience…

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        Mei Mei Chu

          Hong Kong fire came after contractor safety breaches and a residents’ revolt

          Prestige Construction had history of safety violations before winning renovation contract, documents show Wang Fuk Court residents wrongly told by consultant that Prestige had clean safety record Homeowners repeatedly complained about costs and fire safety after Prestige won contract, tried to revoke agreement Prestige and consultant Will Power now subjects of manslaughter and anti-corruption probes…

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