The trust of late billionaire Nina Wang Kung Yu-sum has donated HK$100 million (US$12.8 million) to victims of the deadly Tai Po blaze, surpassing tycoon Li Ka-shing to become the second-largest single donor after the Hong Kong Jockey Club. Nina Wang Charity Management announced on Thursday that it would donate HK$100 million to support the…
People from all walks of life in Hong Kong rallied in support of victims of the city’s deadliest fire in decades, with aid ranging from millions in cash donations by major business groups to grass roots efforts by civilians delivering essential supplies. The fire that erupted in seven blocks in Wang Fuk Court in Tai…
A cutting-edge machine donated by Hong Kong tycoon Li Ka-shing, which can destroy cancerous cells with ultrasound waves, has been included in a government list of approved medical devices, paving the way for wider use of the technology in public hospitals. The Hospital Authority said in a response to the Post that it would also…
Hong Kong’s homebuyers defied a No 3 typhoon signal to snap up apartments during two property sales on Friday, entering the market after commercial banks lowered their prime lending rates a day earlier following the first rate cut by the local monetary authority. New World sold 115 of the 120 units in the House Muse…
A venture capital firm backed by Qatar’s sovereign wealth fund is taking a minority stake in an AI-powered logistics technology start-up backed by Hong Kong’s wealthiest man, as it looks for investment opportunities in the Greater China region to more than triple its assets under management by the end of 2025. Doha-based Rasmal Ventures, backed…
CK Hutchison Holdings’ controversial US$23 billion deal to sell 43 overseas ports – including two at the Panama Canal – will not be completed this year, group co-managing director Frank Sixt said in a post-results briefing on Thursday. Sixt updated analysts about the progress of the proposed sale after the company posted a 92 per…
Bank creditors are considering seizing control of a Hong Kong shopping centre after a venture backed by Schroders Capital and Chelsfield’s Asia fund defaulted on a loan tied to the property, according to people familiar with the matter. The creditors are looking to appoint a receiver for the Worfu mall, formerly known as Provident Square,…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. China’s high-speed rail nears 50,000km milestone – but is it…
The Tsz Shan Monastery, built by the Li Ka Shing Foundation, has published a new book, offering a peek into the philosophy and witticism of Hong Kong’s wealthiest man, whose own rags-to-riches life story has inspired generations of entrepreneurs. Titled Eternity in Light, the five-chapter tome was published to mark the monastery’s 10th anniversary, featuring…
Victor Li Tzar-kuoi’s denial this week that his family home was being sold has stirred public curiosity about the address that has been the residence of one of Hong Kong’s wealthiest families and property developers for more than six decades. Located at 79 Deep Water Bay Road in the Southern district of Hong Kong Island,…