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The Latest Breaking News from Hong Kong

Alibaba Slumps While JD, Tencent Strike Gains In Hong Kong

Shares of U.S.-listed Chinese tech companies Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc. (NASDAQ: JD), Tencent Holdings (OTC:

Benzinga

Karnataka mulls screening passengers from countries seeing Covid rise

BENGALURU: In the backdrop of the fourth wave of Covid-19 seen abroad with the spread of a new variant of concern (XE), the state government is considering issuing fresh guidelines for passengers coming from certain countries — China, Hong Kong, South Korea, Vietnam, Japan, Thailand, Germany, Italy, Australia, and the…

The Times of India

Cancer Drug Maker BeiGene Takes Action to Mitigate Delisting Risk

Key Takeaways: BeiGene has switched auditors for its New York listing to a U.S. company from a Chinese one in a move to comply with U.S. law The change could reduce the company’s threat of being forcibly delisted from the Nasdaq By Doug Young

Benzinga

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Hong Kong police arrest veteran journalist for alleged sedition

Hong Kong's national security police arrested a veteran journalist and former contributing writer with the now-shuttered liberal media outlet Stand News, on Monday for alleged sedition, police and local media said.

Reuters

Media mogul Jimmy Lai appeals to UN over Hong Kong cases

Lawyers for Hong Kong media mogul and pro-democracy activist Jimmy Lai are asking the United Nations to investigate his imprisonment and multiple criminal charges as “legal harassment” that punish him for speaking out

The Independent UK

Veteran Hong Kong journalist Allan Au arrested by national security police

The journalist had also worked for Stand News which was forced to close after authorities froze the company’s assets

Evening Standard

China Closes Guangzhou to Most Arrivals as Outbreak Spreads

The manufacturing hub of Guangzhou closed itself to most arrivals Monday as China battles a major COVID-19 surge in its big eastern cities. Shanghai has taken the brunt of the surge, with another 26,087 cases announced on Monday, only 914 of which showed symptoms. The city of 26 million is…

Asharq Al-Awsat

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Hong Kong journalist arrested for alleged sedition

Allan Au faces up to one year in prison if found guilty under colonial-era law.

Al Jazeera

Hong Kong's ex-No. 2 official to stand for leadership polls

Hong Kong’s former No. 2 official John Lee has formally declared his candidacy for the upcoming leadership election, entering the race for chief executive viewed by many as Beijing’s preferred candidate

The Independent UK

Hong Kong's next leader sets out goals

HONG KONG: A former top cop set to become Hong Kong’s new leader vowed on Saturday to reboot the city’s international competitiveness, but revealed few concrete policy details on how that will be achieved.

Bangkok Post

"A new symphony and I am the conductor," says HK leadership candidate

Hong Kong's former No. 2 official John Lee, who will run in a leadership election in May, said on Saturday he plans a new chapter for the global financial hub that has been wracked by unprecedented upheaval with pro-democracy protests and COVID-19.

Reuters

Leaning on a Single Artist, Fenghua Qiushi Hopes Fourth IPO Attempt is a Hit

Key takeaways: Fenghuang Qiushi has submitted a new application to list in Hong Kong, its fourth such submission in just 16 months The company is highly dependent on Tencent Music, deriving 38.1% of its revenue from the company last year By Tina Yip

Benzinga

Hong Kong's former No. 2 official to run in leadership election

Hong Kong former deputy leader John Lee will run in a leadership election in May, according to a press invitation seen by Reuters late on Friday.

Reuters

Planet Green Inks Share Exchange Agreement With Allinyson

Planet Green Holdings Corp (NYSE:PLAG) has entered into a Share Exchange Agreement with Allinyson Ltd to acquire 100% of the issued and outstanding equity interests of Allinyson. Planet Green will issue 7.5 million shares to the Allinyson Sellers in exchange for the transfer of 100% of their equity interests. Allinyson develops and operates online games,…

Benzinga

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The Guardian - AU

John Lee: the hardline security official leading race to become Hong Kong chief

Ex-police officer who oversaw government crackdown on protesters in 2019 is sole candidate with Beijing’s blessing

Reuters

Hong Kong's former deputy chief to hold news conference after resignation

Hong Kong's former deputy leader, John Lee, said he will hold a news conference on Saturday after China approved his resignation as chief secretary of the global financial hub.

The Times of India

For China's leaders, 'lying flat' is scarier than Covid

In the US and Europe, the phrase "living with the virus" refers to reopening the economy and trusting that vaccines work. Not in China. In the public discourse, that would be tantamount to "lie flat," a catchphrase for encouraging inaction — an approach that has grown so popular that it…

Benzinga

Nio Down 6%, Xpeng Falls 5.8% In Hong Kong Today: What's Driving The EV Stocks Down?

Shares of U.S.-listed Chinese electric automakers and Tesla, Inc (NASDAQ: TSLA) rivals Nio Inc (NYSE: NIO), Xpeng Inc (NYSE: XPEV), and Li Auto Inc (NASDAQ: LI) fell for the third day

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Benzinga

Here's Why Alibaba, Tencent Are Slumping For A Third Straight Day In Hong Kong Today

Shares of U.S.-listed Chinese tech companies Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc.

Benzinga

Weibo Plays With the Big Boys in Numbers, But Investors Still Worry

Key takeaways: Weibo’s revenue rose above pre-pandemic levels last year, but its profitability lagged due to heavy spending The company trails Meta in its ability to monetize users, and is very much in the shadow of local rival WeChat in terms of total user numbers By Ken Lo

Benzinga

Crackdown on U.S.-listed Chinese Stocks Ruins Party for China Renaissance, CICC

Key takeaways: • China Renaissance’s revenue fell by a third in the second half of last year from the first half as the number of U.S. IPOs it handled dropped to one from nine

The News Lens

Ukraine War: How Russian Propaganda Dominates Chinese Social Media

In China’s cyberspace, Russian propaganda continues to influence the discourse over the war in Ukraine. Experts say the efforts could be Beijing’s attempt to trigger anti-Western sentiments.

Benzinga

Why Tesla Rivals Nio, Xpeng, Li Auto Are Falling Again In Hong Kong Today

Shares of U.S.-listed Chinese electric automakers and Tesla (NASDAQ: TSLA) rivals Nio Inc (NYSE: NIO), Xpeng Inc (NYSE: XPEV), and Li Auto Inc (NA

Benzinga

Why Alibaba And Other Stocks Are Plunging In Hong Kong Today

Shares of U.S.-listed Chinese tech companies — Alibaba Group Holdings Ltd.

Reuters

Explainer-Hong Kong No. 2 official announces bid for leadership election

Hong Kong's deputy leader, former police officer John Lee, announced on Wednesday that he plans to run for the city's top job, which could see Beijing signing off on the first security official to run the global financial hub.

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