hong kong Archive

BlackRock Increases Stake in World’s Biggest Jewellery Retailer

HONG KONG, China — One of the worst analyst-rated jewellery retailers in Hong Kong has caught the attention of the world’s largest asset manager. BlackRock Inc. increased its stake in Chow Tai Fook Jewellery Group Ltd., and added the stock to its global long/short equity fund in the third quarter, according to data compiled by Bloomberg. European investment firms Gamax Management AG and Robeco Groep NV …

Amidst Hong Kong Gloom, Joyce Launches Redesign With Theatrical Exhibition

HONG KONG, China — For the past 18 months, retail sales figures in Hong Kong have suffered thanks to a sharp decline in tourism from the mainland and the rising popularity of online shopping, among many other factors. In the first half of the year, retail sales plunged 10.5 percent compared to the previous year — the biggest drop since 1999 — resulting in many …

Online fashion retailer Grana raises $10M led by Alibaba’s entrepreneurship fund

Grana, a two-year-old online fashion retailer based in Hong Kong, has announced that it has raised $10 million in fresh funding led by Alibaba’s entrepreneurship fund. This is the startup’s Series A round, and it follows $6 million in previous seed funding. The round is led by Alibaba’s Hong Kong-based fund, which was announced last year, and it also includes participation from existing investors Golden Gate …

Hong Kong unveils a digital hub to boost fintech startups and innovation

Hong Kong is making a move to challenge Singapore and others as the dominant location for fintech in Asia after the Hong Kong Monetary Authority (HKMA) unveiled a hub and new allowances to spur innovation. Speaking at an event today — first noted by Bloomberg — HKMA CEO Norman Chan announced plans for a ‘fintech innovation hub’ where new financial products and services can be tested and trialled away …

What Are the Everyday Things You Miss Doing with Your Long-Distance Friends?

Joy and I went to the tallest bar in the world for her last night in Hong Kong. At the top of the Ritz-Carlton Hong Kong, we could barely afford one drink each, so when both of our adult beverages were sipped into oblivion, we decided to share a “Dragontini.” It was pink and sweet and … Continue reading Source link

Bureaucrats disqualify Hong Kong legislative candidates for insufficient loyalty

2014’s Umbrella Revolution in Hong Kong was an uprising over the Chinese government’s announcement that it would exercise a veto over who could stand for election to the Hong Kong legislature (as Boss Tweed said, “I don’t care who does the electing, so long as I get to do the nominating.”). Now the other shoe has dropped: six candidates for the legislature have …