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The Latest Breaking News from South China Morning Post

Alibaba Slumps 4% After Reports Of Jack Ma's Plan For Ant: Hang Seng Falls Despite Wall Street Rally Amid Xi-Biden Phone Call

Hong Kong’s benchmark Hang Seng Index was in the red on Friday, losing over 0.5% in opening trade, despite a continuing rally on Wall Street. Alibaba shares fell close to 4% following reports Chinese billionaire Jack Ma is planning to cede control of Ant Group.

Benzinga

Hong Kong to launch tech fund to attract local firms, foreign start-ups

HONG KONG: Hong Kong will launch a fund worth HK$5 billion (23 billion baht) next month to support local tech companies and attract foreign start-ups, the city's finance chief has said.

Bangkok Post

Alibaba, Nio Fall Over 3% As Hang Seng Tracks Weaker Wall Street Close: All Eyes Now On Aussie Inflation Data

Shares of Alibaba, Nio and Li Auto lost more than 3% on Wednesday morning with the Hong Kong’s benchmark index Hang Seng falling over 1%, ahead of the release of Australia’s inflation report.

Benzinga

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read the most diverse news in one place.

Alibaba Surges 3.6% On Primary Hong Kong Listing Plan, Hang Seng Sees Trend-Reversal

Hong Kong’s benchmark Hang Seng Index opened in the green on Tuesday, flipping the trend from Monday, as better-than-expected economic growth data from South Korea offset mixed cues from Wall Street ov

Benzinga

Intimidation, crackdowns blow the lid off Chinese rural banking scandal

A massive scandal worth tens of billions of yuan is rocking the critical rural banking sector in China. Authorities blame a "criminal gang" for illegally siphoning off depositors’ money and preventing more than a hundred thousand Chinese from accessing their accounts for months.

France 24

Overseas flights in high demand as Shanghai resumes international travel

HONG KONG: Students and expatriates in China are rushing to fly abroad after Shanghai's largest airport opened to a handful of international flights this week, as the city gradually recovers from a two-month lockdown and the country eases inbound quarantine rules.

Bangkok Post

Xi Jinping hails China’s rule over Hong Kong on 25th anniversary of handover

Chinese president says ‘one country, two systems’ will endure and democracy flourishes after unprecedented unpicking of freedoms

The Guardian - UK

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‘Just another Chinese city’: Xi’s Hong Kong visit marks its new era under Beijing’s control

TAIPEI, Taiwan — Even before he set foot in Hong Kong, Chinese President Xi Jinping’s intent was clear: to usher in the city’s next chapter under the firm grip of Communist Party rule.

Los Angeles Times

The Hong Kong ‘unofficials’ who advised Britain on the handover – and were ignored

Reviled by Beijing and dismissed by London, a group of local advisers tried and failed to ensure the interests of Hongkongers would be protected after 1997

The Guardian - AU

Hong Kong bars some journalists from handover anniversary

More than 10 journalists are barred from covering events this week marking the 25th anniversary of Hong Kong’s return to China

The Independent UK

Some media blocked from covering Xi's handover anniversary visit to Hong Kong

Journalists from more than seven organisations, including Reuters, have been blocked from covering official ceremonies to mark the 25th anniversary of Hong Kong's handover from British to Chinese rule that President Xi Jinping is due to attend.

Reuters

Cathay Pacific back on hiring spree in anticipation of take-off in global air travel

HONG KONG: When Jasmine Lau received an email from Cathay Pacific Airways last month asking if she wanted to return to her old job as a flight attendant, she contemplated the proposition, but eventually decided against applying.

Bangkok Post

Alibaba Ropes In Expedia Head As SCMP CEO As It Devotes Former Chief To NFT Spinoff

Alibaba Group Holding Limited's (NASDAQ:BABA) The South China Morning Post (SCMP) roped in Expedia Group, Inc's (NASDAQ:EXPE) Asian head, Catherine So, as its new CEO, Bloomberg reports. So succeeds Gary Liu, who will leave in July to oversee crypto-spinoff Artifacts Lab. The Harvard alumni So, who's also worked at Groupon, Inc (NASDAQ:GRPN), Star TV, and AOL Time Warner,…

Benzinga

Explainer: Everything you need to know about proposed ban on CBD products in Hong Kong

HONG KONG: Hong Kong's law enforcement authorities have proposed outlawing CBD products this year, as cannabis-derived wellness items have gained popularity in the city recently.

Bangkok Post

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Bangkok Post

Hong Kong proposes banning CBD products within year

HONG KONG: Hong Kong's law enforcement authorities have proposed banning CBD products within this year after finding that a third of such items sold in the city contain traces of an illegal active ingredient in marijuana.

Bangkok Post

Goodbye 'Little Thailand' in Hong Kong?

HONG KONG: Warayutha Sridadet could not be prouder of a snack shop in Kowloon City run by his family, with the place having become a popular meeting spot for fellow Thais in the neighbourhood and beyond.

Bangkok Post

Cathay Pacific to rehire hundreds of cabin crew ahead of global aviation recovery

HONG KONG: Cathay Pacific Airways will rehire hundreds of cabin crew who were previously laid off or resigned ahead of plans to ramp up its flight services.

Bangkok Post

Hong Kong grants Greater Bay Airlines status to open talks with foreign countries

HONG KONG: Greater Bay Airlines was awarded designated status from the Hong Kong government, allowing the company to open negotiations with foreign countries to fly 104 routes, the head of the start-up carrier told the South China Morning Post on Tuesday.

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Bangkok Post

Hong Kong railway fans queue overnight to try new cross-harbour train

HONG KONG: Hong Kong railway fans on Sunday rushed to board the first train at dawn on a newly opened, cross-harbour section of the city's costliest MTR project, with the long-awaited launch coming off years of repeated delays and cost overruns.

Benzinga

Why Baidu Shares Are On The Move Today

Baidu Inc (NASDAQ: BIDU) shares are trading higher Friday after a Chinese state media report indicated the Chinese government may end its regulatory crackdown on big tech firms.

Benzinga

Pinduoduo Shares Are Surging: Here's Why

Pinduoduo Inc (NASDAQ: PDD) shares are trading higher Friday after a Chinese state media report indicated the Chinese government may end its regulatory crackdown on big tech firms.

Benzinga

Why JD.com Stock Is Rising Today

JD.com Inc (NASDAQ: JD) shares are trading higher Friday after a Chinese state media report indicated the Chinese government may end its regulatory crackdown on big tech firms.

Benzinga

Why Alibaba Shares Are Surging Today

Alibaba Group Holding Ltd (NYSE: BABA) shares are trading higher Friday after a Chinese state media report indicated the Chinese government may end its regulatory crackdown on big tech firms.

Benzinga

China Stocks Are Approaching Bottom, Says Mark Mobius: Time to Buy Small, Mid-Sized Names

The negative risks faced by China stocks may have played out fully and a bottom is near, Mark Mobius, a fund manager focused on emerging markets said in an interview with the South China Morning Post.

Daily Mirror

Chinese cops in hazmat suits seize people's HOMES in world's strictest Covid lockdown

Shanghai is struggling with over 20,000 new Covid cases a day - and residents have been ordered out of their flats to make way for positive coronavirus patients

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