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03.12.25 - 11:30
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HKD870.3M Southbound Trading Net Inflow to XIAOMI-W (AAStocks)
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There was HKD870.3 million, HKD427.2 million and HKD297.9 million Southbound Trading net inflow to XIAOMI-W (01810.HK), BABA-W (09988.HK) and MEITUAN-W (03690.HK).There was HKD732.7 million, HKD419.1 million and HKD107.7 million Southbound Trading net outflow from TENCENT (00700.HK), SMIC (00981.HK) and XTALPI (02228.HK).For Sou......
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03.12.25 - 11:15
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XIAOMI-W Repurchases 7.5M Shrs, Involving $300M (AAStocks)
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XIAOMI-W (01810.HK) repurchased 7.5 million shares of the company today (3rd) on the Hong Kong Stock Exchange at a price ranging from HKD40.14 to HKD40.36 per share, involving a total amount of approximately HKD302 million. Since the ordinary resolution (June 5, 2025) was passed, the company has repurchased a total of 85.7954 mi......
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03.12.25 - 11:06
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Ex-banker sells US$41m Deep Water Bay home, then signs a lease at The Peak (SCMP)
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After selling a HK$319 million (US$41 million) luxury home in Hong Kong's affluent Southern district, a former finance executive has rented a 4,715 sq ft house at The Peak, the city's most exclusive neighbourhood, for HK$525,000 a month, official records show.
Lawrence Lam Yuk-kun was identified as the former owner of a house in Deep Water Bay and the new tenant of a property on Gough Hill Road at The Peak.
Lam is an independent non-executive director at Sany Heavy Industry, China's largest......
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03.12.25 - 11:06
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Elon Musk reiterates aim to transform X into a ′WeChat++′ super app (SCMP)
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Elon Musk says he aspires to transform his social media platform X into “WeChat++”, akin to Tencent Holdings' flagship super app, by integrating various social and finance features.
On a recent People by WTF podcast hosted by entrepreneur Nikhil Kamath, Musk cited the extensive utility of WeChat as a model for X – previously known as Twitter, which he bought for US$44 billion in October 2022.
“You can exchange information, you can publish information, you can exchange money,” Musk said,......
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03.12.25 - 11:00
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SINOPEC CORP Buys Back 1.8M Shrs, Involving ~HKD8.1458M (AAStocks)
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SINOPEC CORP (00386.HK) repurchased today (3rd) 1.8 million H-shares on the Hong Kong Stock Exchange at a price ranging from HKD4.5 to HKD4.56 per share, involving around HKD8.1416 million.Since the repurchase mandate resolution was passed on May 28, the company has cumulatively repurchased around 215 million shares, accounting ......
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03.12.25 - 11:00
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TENCENT Buys Back 1.04M Shrs for ~$636M (AAStocks)
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Today (3rd), TENCENT (00700.HK) repurchased 1.04 million shares on the Hong Kong Stock Exchange at a price per share ranging from $609 to $616, involving nearly $636 million. Since the repurchase mandate resolution was approved on 14 May, the Company has repurchased a total of 83.058 million shares, accounting for 0.90388% of it......
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03.12.25 - 10:30
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HSBC names veteran accountant Brendan Nelson new chairman amid Asia growth push (SCMP)
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HSBC Holdings, the biggest lender in Hong Kong and Europe, has appointed veteran accountant Brendan Nelson as group chairman, according to its filing to the Hong Kong stock exchange on Wednesday.
Nelson, 75, has been serving as interim chairman since October 1, replacing Mark Tucker, who stepped down to become non-executive chairman of insurer AIA.
The appointment surprised the market after HSBC CEO Georges Elhedery said a day earlier at a global banking summit in London that Nelson was not......
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03.12.25 - 10:06
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Alibaba′s Qwen app becomes the world′s fastest growing AI app as MAUs surge 149% (SCMP)
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Alibaba Group Holding's new flagship artificial intelligence app Qwen was the fastest growing AI app in the world in November, according to third-party data released on Wednesday.
Qwen recorded the highest growth in monthly active users (MAU) among AI products globally at 149 per cent, data compiled by AI product popularity tracker Aicpb.com showed.
Its MAUs for the app reached 18.34 million, making it the world's 24th most used AI app just two weeks into its public beta.
Qwen's success stemmed......
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03.12.25 - 10:00
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Asian Shares Mixed Amid China Property Concerns (AFX)
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CANBERA (dpa-AFX) - Asian stocks ended mixed on Wednesday as a cryptocurrency rebound lost steam and focus shifted to key U.S. economic data and upcoming central bank decisions. The dollar extende......
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