Syfe, a Singapore-based robo financial adviser and digital investment platform operator, has raised US$80 million in its Series C funding round, as the company pushes to expand its wealth management product offerings in Hong Kong. This round includes new all-equity financing worth US$53 million at a significantly higher valuation, according to the fintech start-up’s statement…
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…
A transport worker who turned himself in to police has been arrested on suspicion of receiving some of the HK$380,000 (US$48,717) in cash snatched during an armed bank robbery in Hong Kong, the Post has learned. The worker, 47, surrendered to police on Wednesday, two days after a Hang Seng Bank branch at the Fortune…
A consortium of builders led by New World Development (NWD) priced a new residential project on the south side of Hong Kong Island below all neighbouring developments, as the embattled company seeks to whittle down HK$124 billion (US$15.8 billion) in debt. The developers priced 101 flats in the 447-unit Deep Water Pavilia project in Wong…
Stablecoins are poised to become a major cross-border payment tool that would benefit issuers in Hong Kong and mainland Chinese firms expanding overseas, according to industry insiders, as the city and the US push forward regulation of the popular tokens. A stablecoin is a type of cryptocurrency that maintains a fixed value by being pegged…
Hong Kong should relax the licensing renewal criteria for cinemas to allow them to host live performances or sports broadcasts, a lawmaker has said, as the city continues to grapple with a slew of theatre closures. Kenneth Fok Kai-kong, who represents sports, performing arts, culture and publication in the legislature, made the suggestion on Thursday…
Four student union members of Lingnan University in Hong Kong have been arrested for allegedly stealing over HK$1 million (US$127,463) from their organisation, the Post has learned. According to a source, the alleged theft took place between 2024 and 2025, and the students were detained by police on Wednesday for investigation. The four core members…
The Hong Kong branch of a Singapore-based private club has proceeded with liquidation with debts of about HK$20 million (US$2.5 million), following its abrupt closure after just seven months in business. The Post unpacks the potential pitfalls of joining a private club and what consumers should do to protect themselves. 1. What’s happened to 1880…
A chef at a prominent Buddhist monastery in Hong Kong has pleaded guilty to three counts of animal cruelty after dragging and stuffing two dogs in nylon bags and releasing them on grounds far away from the kitchen, saying he wanted to maintain the facility’s hygiene. West Kowloon Court heard on Thursday that the two…
Hong Kong authorities are under increasing pressure to verify whether the freshwater supply at a public housing estate contains bitumen, a substance banned from use in pipes, with experts calling for an investigation to trace the source of mystery black particles and determine if contractors have violated any rules. A source said the government would…