The Latest Breaking News from Hong Kong

DiDi Had To Postpone Its IPO After Jack Ma's Ant: Bloomberg

DiDi Global Inc (NYSE:DIDI) had to pull the brakes on its Hong Kong listing as it failed to satisfy China's concerns over sensitive data leak, Bloomberg reports. Uber Technologies Inc's (NYSE:UBER) Chinese counterpart remained vulnerable to the possible derailing of its listing plans and regulatory penalties.  The ride-hailing company's main apps were removed from local…

Benzinga · Mar 11, 2022

Hong Kong refugees struggle to find food on empty supermarket shelves

Panic buying in Hong Kong on fears of a new COVID-19 lockdown has hit the city's refugees particularly hard because they can only spend their food allowance in supermarkets that regularly run out of supplies, aid workers and refugees say.

Reuters · Mar 11, 2022

Hong Kongers rush to get haircuts as salons reopen

HONG KONG: Hong Kong residents have flocked to hair salons after they reopened following a month-long closure, but hairdressers and shop owners say they are worried about "inconsistent" social-distancing policies leading to financial uncertainties amid the city's fifth wave of coronavirus infections.

Bangkok Post · Mar 11, 2022

Hong Kong protests documentary breaks Taiwan box office record in opening weeks

Revolution of Our Times looks at the 2019 demonstrations, which some Taiwanese saw as a warning sign about their own future

The Guardian - AU · Mar 10, 2022

Alibaba, EV Stocks Snap Losing Streak In Hong Kong Today; Tesla Rival Nio Surges On Debut — What's Driving The Rebound?

Shares of U.S.-listed Chinese tech companies traded higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index into positive territory after a four-day slump.  

Benzinga · Mar 10, 2022

Hong Kong leader plans to reopen city only after controlling latest COVID outbreak

Hong Kong leader Carrie Lam said on Thursday it was not the time to lift a ban on flights from nine countries including the United States and Britain, with plans to reopen the city only after the government controls a deepening coronavirus outbreak.

Reuters · Mar 10, 2022

Hong Kong Shifts Covid Strategy to Reduce Surge in Fatalities

Mass testing plan goes on hold as authorities focus on vaccinating the elderly and expanding treatment capacity for the sick

Caixin Global · Mar 9, 2022

Nio Bounces Off Bottom Ahead Of Thursday's Hong Kong Listing: What Investors Should Know

Nio, Inc. (NASDAQ: NIO) shares, which fell to their lowest level in 1-1/2 years on Tuesday, are rebounding from the depressed level. In addition to the broader market strength, the stock is receiving support from the optimism around its planned debut on the Hong Kong stock exchange on Thursday.

Benzinga · Mar 9, 2022

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports. The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.…

Benzinga · Mar 9, 2022

Cathay Pacific operating at 2 per cent of normal capacity as Hong Kong remains sealed off

Company memo says airline will go through HK$1 billion (£97m) and HK$1.5 billion (£145m) every month ‘until conditions improve’

The Independent UK · Mar 9, 2022