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  • August 27, 2014
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  1. Business - China Business - INTERNET

    Mobile e-commerce battle heats up in China

    Posted Aug 08th 2013, 12:00am by Adrian Wan

    ... Adrian Wan in Beijing adrian.wan@scmp.com Rivalry between Tencent and Alibaba intensifies after they roll out new products on the same day to tap the mainland's US$395 billion market Mobile e-commerce battle heats up The battle between the mainland's internet giants Tencent and Alibaba for dominance in the country's rapidly expanding mobile e-commerce market ...

    http://www.scmp.com/business/china-business/article/1295141/mobile-e-commerce-battle-heats
  2. Business - Companies - EARNINGS

    Li & Fung warns of tough second half after 9pc fall in core operating profit

    Posted Aug 22nd 2014, 01:21am by CHIM SAU-WAI AND TIFFANY AP

    ... Chim Sau-wai and Tiffany Ap Pressured Li & Fung warns of tough second half Li & Fung, the world's largest sourcing company, reported a 9 per cent decline in core operating ... to be weak in the period. "Some big retailers have released their results earlier this week. Many of them said the second half would be quite tough," said Spencer Fung, who spoke ...

    http://www.scmp.com/business/companies/article/1578732/li-fung-warns-tough-second-half-after-9pc-fall-core-operating
  3. Business - Companies - COMPANIES

    Trading group Li & Fung in store for subdued profits, say analysts

    Posted Aug 18th 2014, 04:01am by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com US weather woes, Vietnam factory riots may put chill on earnings growth of global trading group Subdued profits for Li & Fung in store: analysts A chilly start to the year in the United States and disruption from anti-Chinese factory riots in Vietnam are expected to weigh on Li & Fung's results for the first half of the year. ...

    http://www.scmp.com/business/companies/article/1575676/trading-group-li-fung-store-subdued-profits-say-analysts
  4. Business - Companies

    Tony Fung Wing-cheung, son of broker Fung King-hey, turns dealmaker

    Posted May 28th 2014, 01:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Another feather in the cap for Tony Fung Tony Fung Wing-cheung, the son of legendary broker Fung King-hey, is seen as an aggressive dealmaker by market ... way, with Kwok forming Sun Hung Kai Properties and Lee founding Henderson Land Development. Fung King-hey's interest in finance led him to set up Sun Hung Kai Securities in 1969, which ...

    http://www.scmp.com/business/companies/article/1520184/tony-fung-wing-cheung-son-broker-fung-king-hey-turns-dealmaker
  5. Business - Companies - LISTINGS

    Li & Fung spin-off Global Brands debuts in Hong Kong

    Posted Jul 09th 2014, 11:55am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Shares of Global Brands, which manages more than 350 labels, licensed characters from Disney and Star Wars and brands such as Coach and Juicy Couture, debuted in Hong Kong at HK$2.09 on Wednesday and were trading at HK$2.05 at 11.48am. Bruce Rockowitz, chief executive of the Li & Fung spin-off, tried to temper expectations at the firm’s ...

    http://www.scmp.com/business/companies/article/1550216/li-fung-spin-global-brands-debuts-hong-kong
  6. Business - Companies

    Li & Fung spin-off Global Brands wants China brands to compete globally

    Posted Jul 09th 2014, 05:19am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Li & Fung spin-off Global Brands wants to spur domestic brands to compete globally Retailer hopeful for mainland brands Home-grown mainland consumer brands could be ready to compete on the world stage by 2017 and Li & Fung spin-off Global Brands wants to be the one taking them there, according to chief executive Bruce Rockowitz. ...

    http://www.scmp.com/business/companies/article/1549934/li-fung-spin-global-brands-wants-china-brands-compete-globally
  7. Business - Money - STOCKS

    Unclear tax rules and quotas may hinder through train

    Posted Aug 25th 2014, 03:34am by Enoch Yiu

    ... companies and fund houses to convert US dollars to yuan for investment in mainland stocks. The RQFII quota was introduced in 2011 for them to use offshore yuan to trade mainland shares. Eleanor Wan ... for RQFII. We will continue to use these programmes for accessing the mainland market," Wan said. "The through train scheme is more for retail investors who now have no access ...

    http://www.scmp.com/business/money/markets-investing/article/1580419/unclear-tax-rules-and-quotas-may-hinder-through
  8. Business - Comment - LAI SEE

    Government too weak to fight villagers over small house policy

    Posted Aug 26th 2014, 01:03am by Howard Winn

    ... Howard Winn The weekend saw another outrage perpetrated by indigenous New Territories villagers in protest against government zoning plans. A group of them used excavators and machetes to cut down a mangrove at Tai Ho Wan near Tung Chung, which has been designated a Site of Special Scientific Interest. The villagers are concerned that once the area was formally zoned, it would ...

    http://www.scmp.com/business/article/1580676/government-too-weak-fight-villagers-over-small-house-policy
  9. Business - Companies - RETAILING

    Luk Fook to expand in prime shopping districts as rent rises ease

    Posted Aug 27th 2014, 01:27am by BLOOM

    ... with mainland tourists, would become bigger when it reopened before the Christmas holidays, Wong said. The company has opened new shops in Causeway Bay, Mong Kok and Tsuen Wan this year. The number ...

    http://www.scmp.com/business/companies/article/1580963/luk-fook-expand-prime-shopping-districts-rent-rises-ease
  10. Business - Banking & Finance - REGULATION

    Banks learn about the difference in US and HK money-laundering rules

    Posted Aug 25th 2014, 03:34am by ENOCH YIU AND DON WEINLAND

    ... approaches," he said. Christopher Cheung Wah-fung, the legislator for the financial services sector, said: "The US regulator does not understand Asian business practices and culture. I do not see ...

    http://www.scmp.com/business/banking-finance/article/1580466/banks-learn-about-difference-us-and-hk-money-laundering

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