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…
Hong Kong stocks recovered some ground on Tuesday after trading lower earlier in the session, as geopolitical tensions flared up following the US’ move to restrict Chinese investment in American technology and infrastructure. The Hang Seng Index was down 0.7 per cent to 23,193.20 as of 11.35am local time. At one point, the benchmark was…
CLN KraneShares Key News Asian equities were largely lower despite a weaker U.S. dollar overnight, as Japan outperformed and India underperformed. Hong Kong-listed growth stocks were hit with profit-taking, triggered by President Donald Trump’s last Friday night release stating “The Committee on Foreign Investment in the United States (CFIUS) will be used to restrict Chinese…
CLN KraneShares Baidu Q4 Earnings Overview Baidu reported Q4 2024 financial results after the close in Hong Kong and before US markets opened this morning. Expectations going into the release were muted, especially following Founder and CEO Robin Li’s absence from President Xi’s historic private economy symposium attended by internet and technology entrepreneurs. In Li’s…
Professional investors have stayed away from China’s stock markets despite several attempts by the country’s government to revive investment sentiment. An analysis of fund data reveals portfolio managers have steadily lowered their allocation toward China equities since mid-2020 when Beijing intervened in its property sector with the “three red lines” rule to address concerns of…
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Justin Chin | Bloomberg | Getty Images Asian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico for a month, while also postponing tariffs on Canadian exports. Gains…
CLN KraneShares Key News Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains. I would have thought that a 10% tariff was expected or would have been cheered, as 10% is better than 60%, which is…
The Black Pearl Restaurant Guide 2025, published by Meituan – China’s largest shopping platform – was unveiled at a ceremony held in the Chinese city of Nanchang on January 6. Compared to last year, the number of restaurants selected in Hong Kong and Macau in the 2025 guide has increased. There are 37 Hong Kong…
China’s booming artificial intelligence (AI) industry has a plethora of job openings but not enough talent to fill them, according to a recent report from Maimai, a Chinese professional online network similar to LinkedIn. A quarter of openings among the top 20 “new economy” job types on Maimai this year through October were directly related…