China’s energy-drinks giant Eastroc Beverage neither rose nor fell in its debut in Hong Kong on Tuesday amid investor caution following regulatory scrutiny of poor-quality listing applications. Shares of the Shenzhen-based company, which makes an alternative to Red Bull, opened at HK$248, matching the offer price. Eastroc raised HK$10.14 billion (US$1.3 billion) by issuing 40.89…
Hong Kong-based CK Hutchison Holdings is expected to move forward with selling its remaining port assets, despite Panama’s Supreme Court nullifying its contract for two terminals at either end of the country’s geostrategically vital canal, according to experts. But the effort by billionaire Li Ka-shing’s conglomerate to offload the rest of its ports would still…
Hong Kong-based CK Hutchison Holdings, controlled by billionaire Li Ka-shing, risks losing its rights to operate major ports at both ends of the Panama Canal after the country’s Supreme Court ruled its subsidiary’s contract unconstitutional. The decision was announced in a statement posted on the official social media account of the Panama Judiciary on Thursday…
As Chinese biotech and pharmaceutical firms gain importance on the global stage, foreign investors from sovereign wealth funds to industry players are securing strategic stakes in their future success. International institutional investors have built up significant positions in Chinese biotech firms over the past decade. These positions often approach, and in some cases exceed, the…
CK Infrastructure Holdings is poised to complete the disposal of UK Rails (Eversholt Rail) this month following London’s approval of the deal, according to the company, which is part of Hong Kong tycoon Li Ka-shing’s business empire. The train leasing company is owned by a consortium of the group’s companies: CK Infrastructure, which holds 65…
Hong Kong conglomerate CK Hutchison’s US$22.8 billion global ports sale hung in the balance at the end of 2025, nearly 10 months after it was first announced, as a veteran political commentator said the most expensive terminal acquisition in history was unlikely to come to fruition amid geopolitical tensions. What began as a strategic exit…
A series of consequential political developments and controversies made 2025 a significant year for Hong Kong. Hong Kong tycoon Li Ka-shing’s company CK Hutchison Holdings was caught in the crossfire of US-China tensions over a deal to sell its Panama Canal ports, which was eventually put on hold under pressure from Beijing. Locally, the city…
Beijing has appointed Zhang Yong, a senior staff member from a state-owned shipping and logistics services group, to serve as a deputy director in the central government’s liaison office in Hong Kong, the Ministry of Human Resources and Social Security announced on Wednesday. Zhang, executive vice-president of Chinese shipping conglomerate Cosco Shipping Group and also…
Editor’s Note: The following is a slightly abridged version of Noahpinion’s “At least five interesting things: Smart Ideas edition (#71)”, published on November 8. 1. Are we wrong on antitrust? In the 2000s and 2010s, America generally saw slow growth, low levels of business investment, and low business dynamism. We also saw increasing levels of…
A group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure. The acquisition comes amid a flurry of deals in recent months involving top AI developers that are flooding the booming AI sector with resources and money,…