Food delivery in Hong Kong has reached a new height as a major provider has started to use drones to send out orders, cutting the waiting time by 35 minutes. The service, provided by Keeta Drone, a subsidiary of mainland Chinese food delivery giant Meituan, delivers orders from two fast-food restaurants in Science Park to…
CLN KraneShares April Economic Data Release New Home Prices Month over Month -0.12% Used Home Prices MoM -0.41% Property Investment Year-to-Date (YTD) -10.3% versus expectations -10% and March’s -9.9% Residential Property Sales YTD -1.9% versus March’s -0.4% Retail Sales +5.1% versus expectation 5.8% and March’s 5.9% Online Retail Sales +7.7% YTD YoY Industrial Production +6.1%…
Hong Kong stocks fell on Tuesday after notching the biggest gain in two months a day earlier, as traders digested the apparent breakthrough in the China-US trade talks. The Hang Seng Index dropped 1.7 per cent to 23,156.89 at the noon break, giving up some of Monday’s 3 per cent gain. The Hang Seng Tech…
Hong Kong stocks rose for a sixth straight day after Beijing unveiled a number of measures to support the economy and stabilise its markets ahead of US-China tariff talks this weekend. Overnight, the US Federal Reserve kept its interest rate unchanged, reiterating that it was not in a hurry to make cuts. Also, the Trump…
CLN KraneShares Key News Asian equities had a strong day on light volumes, except the Philippines, which was closed for Maundy Thursday, also known as Holy Thursday, commemorating the Last Supper. Hong Kong and Stock Connect are closed tomorrow and Monday. It was a fairly quiet night as Hong Kong rebounded by the same names…
Hong Kong can no longer count on its status as a “shopping paradise” to lure in tourists due to a significant downturn in recent years, while soaring living costs pose hurdles to investment and development in the sector, according to experts at an industry summit. Speakers at the 2025 World Tourism Cities Federation Fragrant Hills…
CLN KraneShares Key News Asian equities experienced another deep drawdown, except for Hong Kong, Mainland China, and Thailand, as the Philippines missed the fun due to “Araw ng Kagitingan,” which celebrates the heroism of Filipino and American soldiers in World War II. This morning, China’s government reciprocated the U.S. government’s tariff increase by increasing tariffs…
CLN KraneShares Key News Asian equities were lower overnight following President Trump’s “Liberation Day” tariff announcements. Vietnam and Japan were hit hard, while Taiwan and Indonesia picked the right day to be closed. Hong Kong, Mainland China, and South Korea were all off, but quite resilient as all markets were down less than -2%. I…
Hong Kong’s consumer watchdog has received 12 complaints related to the membership status of users of food delivery platform Deliveroo, which will exit the city next month with its subscribers being given complimentary plans with rival Foodpanda. Consumer Council chief executive Gilly Wong Fung-han said on Saturday that the complaints involved about HK$5,000 in total,…
Impossiable | Moment | Getty Images Hong Kong’s government has earmarked 1 billion Hong Kong dollars ($128.67 million) for the establishment of an artificial intelligence research institute. Called the Hong Kong AI Research and Development Institute, the facility will “spearhead and support Hong Kong’s innovative R&D as well as industrial application of AI,” the city’s…