Chinese AI startup Zhipu is considering shifting its planned initial public offering to Hong Kong instead of mainland China, according to people with knowledge of the matter, adding to a dealmaking boom in the city. Zhipu, whose backers include Alibaba Group Holding Ltd. and Tencent Holdings Ltd., is working with financial advisers on a potential…
As the setting sun glinted off the skyscrapers in Hong Kong’s financial district, a huge video screen on top of one of the soaring towers projected a slogan celebrating the fifth anniversary of the city’s national security law. It was a visual reminder of how Beijing has stamped its mark onto the heart of an…
Goldman Sachs Group Inc. claimed top ranking in Hong Kong equity sales for the first time since 2013, riding a wave of billion-dollar deals in the city after three years of lackluster activity. So far this year, Goldman is given credit for $5.6 billion in initial and secondary offerings, beating runner-up UBS Group AG by…
For Tesla Inc., the distance between a disastrous robotaxi launch and a merely disappointing one was just a foot or two. The “safety monitor” who was sat in the front passenger seat of the handful of Tesla robotaxis that began operating in a limited part of Austin on Sunday was the contradictions of Elon Musk’s…
Hong Kong’s residential property market is poised for a recovery after enduring a seven-year downturn, according to Morgan Stanley. Home prices in the city are set to bottom out, driven by an influx of mainland Chinese buyers, improved capital markets and a recent plunge in interest rates, analysts led by Praveen Choudhary said in a…
Hong Kong is on the cusp of a big, beautiful bull run. But it’s in danger of being ruined. The financial center is finally getting back on its feet. The city is leading in global initial public offerings rankings this year. Its stock market is one of the world’s best performing. Meanwhile, rents have returned…
A wave of listings by Chinese companies is expected to reinvigorate trading activity in Hong Kong, with optimism growing that a robust pipeline of debuts will drive the broader stock market higher. First-time share sales in Hong Kong have raised HK$77 billion ($9.9 billion) this year through May, the most for the period since 2021,…
Mega-cities are popping up all around the world as Earth’s population increases. It currently stands at just over 8 billion, and it’s expected to keep growing. And while India is now the most populous country with nearly 1.5 billion people, it’s not home to the world’s largest city. That title belongs to Japan, where around…
The team behind perennial favorite Yardbird is back with a new izakaya called Always Joy following the closure of the group’s snack bar Ronin. The focus is on using fresh, daily ingredients in a menu of shared plates that are always changing. Like Ronin, there’s an emphasis on contemporary Japanese cuisine, but this latest iteration…
Donald Trump sent the US stock market plummeting again, this time with social media snark and derisive playground nicknames aimed at the Chair of the US Federal Reserve. The president, under increasing pressure for singlehandedly destabilizing global markets with his trade war, has turned his attention to interest rates in a bid to avoid what…