The Exchange Square Complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Aug 7, 2025. (PHOTO/BLOOMBERG) Chinese mainland robovan operator Zelos Technology is planning an initial public offering in the Hong Kong Special Administrative Region that could raise about $600 million, according to people familiar with the matter. The company formally…
Alibaba Group’s logistics arm Cainiao and online grocery business Tmall Supermarket are teaming up to expand fulfilment infrastructure and speed up deliveries, as the Chinese e-commerce giant ramps up its efforts in China’s fast-growing instant commerce battle to fend off rivals such as JD.com and Meituan. Cainiao will launch new or expand instant commerce warehouses…
The Jack Ma Foundation said on Thursday it would donate HK$30 million (US$3.9 million) to support families, firefighters and rescuers affected by a deadly fire at a housing estate in Hong Kong’s Tai Po district. In a statement, the foundation – established by the founder of Alibaba Group Holding and Ant Group – expressed solidarity…