Hong Kong Exchange – Charm

Chinese app firm Newborn Town sets up global HQ in Hong Kong for AI work, overseas push

Cs news3 weeks ago02 mins

Hong Kong-listed Chinese app company Newborn Town will open a global headquarters and set up an artificial intelligence (AI) research centre in Hong Kong as a pivotal step in its overseas expansion strategy. “The landing of the global headquarters in Hong Kong marks a new stage in the company’s globalisation strategy and an important milestone…

Year of the Snake: rare deals, distressed sales to prevail in Hong Kong property

Cs news5 months ago01 mins

In the Year of the Snake, Hong Kong’s property market could see unusual commercial transactions as traditional investors stay on the sidelines while educational and church organisations scoop up assets, according to analysts and deal-makers. Commercial property transactions in the city declined by more than 11 per cent to 3,461 in 2024 from 3,906 in…