|
|
|
|
|
|
|
01.09.26 - 02:00
|
Shein shares plunge up to 28% in grey market ahead of Hong Kong debut (SCMP)
|
|
|
Shein Global Holdings shares plunged in the grey market day ahead of its Hong Kong debut, further shaking market confidence in the company's valuation.
On Monday evening its shares closed 13.1 per cent lower at HK$42.2 after dropping as much as 28 per cent, according to Futu Holdings data. With a board lot size of 100 shares, each lot yielded a loss of HK$636, excluding transaction fees.
Shein raised HK$13.6 billion (US$1.7 billion) after pricing shares for its Hong Kong listing at just above......
|
|
|
31.08.26 - 22:06
|
Shein IPO: What to Know About Hong Kong Listing, Valuation (Bloomberg)
|
|
|
During the height of the Covid-19 pandemic six years ago, a little-known online retailer called Shein Group Ltd. struck gold. Its intensive social media campaign promoting ultra-cheap clothes, including $5 floral halternecks and $10 pajamas, coincided with people stuck at home and spending more time on their screens. Shein's campaign tapped into a sudden and voracious appetite for online shopping and, in 2020, sales more than tripled, propelling it into the ranks of the world's biggest fast-fash...
|
|
|
|
|
|
|
31.08.26 - 12:42
|
Hong Kong emerges as Asia′s top hub for start-up potential, ranks fifth worldwide: study (SCMP)
|
|
|
Hong Kong leads Asia in high-growth start-up potential and ranks fifth globally, showing the city's growing strength in nurturing scalable ventures and unicorns, according to joint research published by market research firm CB Insights and the Hong Kong Science and Technology Parks Corporation.
The white paper, released on Monday, said Asia operated on a distributed network where distinct markets specialised in different stages of the technology life cycle, unlike Silicon Valley's single-hub......
|
|
|
31.08.26 - 11:00
|
Hot property: Big banks, fashion stores seek ′cheaper′, eye-catching Hong Kong retail (SCMP)
|
|
|
From big banks to fashion brands, tenants are taking advantage of potential lower rents for retail space in Hong Kong's prime areas as they utilise eye-catching locations to boost visibility towards customers, according to agents.
HSBC is unveiling its first flagship branch at the Capitol Centre, which was previously occupied by fashion retailers such as Chanel, Victoria's Secret and Forever 21, as the bank prepares to close two branches in one of the city's top shopping areas, Causeway Bay.
The......
|
|
|
|
|
31.08.26 - 08:06
|
Black Sheep on Hong Kong′s F&B Sector (Bloomberg)
|
|
|
Syed Asim Hussain, founder of Black Sheep, provides an update on the Hong Kong-based restaurant group's business and shares his outlook for the financial hub's food and beverage sector. He speaks on "Bloomberg: The China Show." (Source: Bloomberg)...
|
|
|
31.08.26 - 07:00
|
AI‑fuelled boom lifts global billionaire count, Hong Kong retains top spot in Asia (SCMP)
|
|
|
Hong Kong maintained its lead as the Asian city with the most billionaires last year, though mainland Chinese cities were quickly catching up thanks to wealth accumulation from the artificial intelligence boom, according to New York-based data company Altrata.
Globally, Hong Kong ranked second in number of billionaires behind New York, while Beijing and Shenzhen secured spots among the top 15 cities, according to the latest data from Altrata.
While Hong Kong's aggregate billionaire net worth......
|
|
|
|
|
|
|
|
|
|
|
31.08.26 - 03:00
|
Golden hour: why Hong Kong may finally succeed in becoming precious metal′s trading hub (SCMP)
|
|
|
For decades, Hong Kong has been a hub for gold jewellery. Brands such as Chow Tai Fook and Chow Sang Sang have drawn buyers from the world over, aided by the city's duty-free status and its proximity to one of the world's largest gold-consuming markets.
Two years ago, when officials set the goal of making Hong Kong a global gold trading hub comparable to New York and London, it was met with scepticism. Similar efforts in the past had ended in failure.
The doubts, however, began to fade in early......
|
|
|
31.08.26 - 01:12
|
Shien Set for Long-Awaited Hong Kong IPO Debut (Bloomberg)
|
|
|
From a peak valuation of 100 billion dollars to a targeted debut at a fraction of that figure, ultra-fast fashion giant Shein is preparing for a long-awaited public listing. But as regulatory crackdowns close tax loopholes and squeeze profit margins, the digital retailer is being forced to radically remake its business model. Bloomberg's Minmin Low reports from Hong Kong. (Source: Bloomberg)...
|
|
|
30.08.26 - 08:00
|
Will Hong Kong see fewer creditor-led commercial property sales as assets stabilise? (SCMP)
|
|
|
Financial distress in Hong Kong's commercial property market has moderated but not been completely eliminated, analysts say, with highly leveraged asset owners still expected to find refinancing their loans a challenge.
The city's office and retail property segments have been mired in a multi-year slump, with new supply outstripping demand in recent years as consumption slowed and interest rates surged, triggering loan defaults.
“We do not expect defaults will increase noticeably from this time......
|
|
|
|
|
|