A smartphone screen showing the AliExpress logo. Photo: Shutterstock Images
Alibaba

AliExpress hopes to crack European market with Euro2024 football sponsorship

8 minutes ago

Alibaba’s e-commerce platform AliExpress is betting on the European market by sponsoring Euro 2024, a move that comes after its rival Temu cracked the US market through ads that ran in the Super Bowl.

A smartphone screen showing the AliExpress logo. Photo: Shutterstock Images

AliExpress hopes to crack European market with Euro2024 football sponsorship

Alibaba’s e-commerce platform AliExpress is betting on the European market by sponsoring Euro 2024, a move that comes after its rival Temu cracked the US market through ads that ran in the Super Bowl.

8 minutes ago

CK Asset’s Blue Coast flats priced well below cost in bid to drum up interest

The developer has priced its closely-watched new project in Wong Chuk Hang well below cost and cheaper than neighbouring developments in a sign it may be trying to ensure the first batch of flats sells out in the hopes of drumming up interest in the remaining units.

1 hour ago

China’s short video and live streaming sector now has more than 15 million hosts

That expansion shows how short video and live-streaming campaigns have boosted online retail sales on the mainland.

1 hour ago
Blue Coast is part of phase three of Southside and is set to be one of the biggest residential launches of 2024. Photo: Jonathan Wong

CK Asset’s Blue Coast flats priced well below cost in bid to drum up interest

The developer has priced its closely-watched new project in Wong Chuk Hang well below cost and cheaper than neighbouring developments in a sign it may be trying to ensure the first batch of flats sells out in the hopes of drumming up interest in the remaining units.

1 hour ago
China technology

China’s short video and live streaming sector now has more than 15 million hosts

That expansion shows how short video and live-streaming campaigns have boosted online retail sales on the mainland.

That expansion shows how short video and live-streaming campaigns have boosted online retail sales on the mainland.

1 hour ago
Banking & finance

Chinese conglomerate Fosun dumps noncore assets, deleverages to boost financial profile

Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses

Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses

3 hours ago

China’s ‘Princess of Wahaha’ set to revive a family fortune down US$18 billion

The death of Zong Qinghou, formerly China’s richest man, is thrusting his only child into the spotlight. Her family fortune has dwindled as rivals outsell Hangzhou Wahaha Group by latching onto new trends and younger consumers.

28 Mar 2024 - 12:33PM
China’s ‘Princess of Wahaha’ set to revive a family fortune down US$18 billion

Hong Kong stocks rebound as Xi strikes upbeat tone on China’s economy, markets

Hong Kong outperforms the region as President Xi Jinping assures US business leaders about China’s commitment to a market-oriented business environment.

35 minutes ago
Hong Kong stocks rebound as Xi strikes upbeat tone on China’s economy, markets

Chinese conglomerate Fosun dumps noncore assets, deleverages to boost financial profile

Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses

3 hours ago

China’s ‘Princess of Wahaha’ set to revive a family fortune down US$18 billion

The death of Zong Qinghou, formerly China’s richest man, is thrusting his only child into the spotlight. Her family fortune has dwindled as rivals outsell Hangzhou Wahaha Group by latching onto new trends and younger consumers.

28 Mar 2024 - 12:33PM

Hong Kong stocks rebound as Xi strikes upbeat tone on China’s economy, markets

Hong Kong outperforms the region as President Xi Jinping assures US business leaders about China’s commitment to a market-oriented business environment.

35 minutes ago
Hong Kong's status as a financial hub

Hong Kong family offices turn to India, now a ‘prime’ investment destination

Analysts consider India a promising growth story, with significant economic expansion and an influx of capital into equities and fixed income.

Analysts consider India a promising growth story, with significant economic expansion and an influx of capital into equities and fixed income.

17 Mar 2024 - 11:30AM

Hong Kong bankers on ‘survival mode’ as IPO drought ends windfalls

Once a lucrative source of fees for investment bankers, new stock offerings have become a source of stress and job insecurity amid a slump in activity. For retail investors, those first-day windfalls are also harder to come by.

Once a lucrative source of fees for investment bankers, new stock offerings have become a source of stress and job insecurity amid a slump in activity. For retail investors, those first-day windfalls are also harder to come by.

12 Mar 2024 - 5:34PM

Hong Kong must do whatever it takes to maintain financial hub status: Victor Li

‘There are only a few [international financial centres], and Hong Kong is one of them. It is hard-won. We must not lose this place,’ CK Hutchison and CK Asset chairman says.

‘There are only a few [international financial centres], and Hong Kong is one of them. It is hard-won. We must not lose this place,’ CK Hutchison and CK Asset chairman says.

21 Mar 2024 - 8:37PM
Hong Kong's status as a financial hub

Hong Kong family offices turn to India, now a ‘prime’ investment destination

Analysts consider India a promising growth story, with significant economic expansion and an influx of capital into equities and fixed income.

Analysts consider India a promising growth story, with significant economic expansion and an influx of capital into equities and fixed income.

17 Mar 2024 - 11:30AM

Hong Kong bankers on ‘survival mode’ as IPO drought ends windfalls

Once a lucrative source of fees for investment bankers, new stock offerings have become a source of stress and job insecurity amid a slump in activity. For retail investors, those first-day windfalls are also harder to come by.

Once a lucrative source of fees for investment bankers, new stock offerings have become a source of stress and job insecurity amid a slump in activity. For retail investors, those first-day windfalls are also harder to come by.

12 Mar 2024 - 5:34PM

Hong Kong must do whatever it takes to maintain financial hub status: Victor Li

‘There are only a few [international financial centres], and Hong Kong is one of them. It is hard-won. We must not lose this place,’ CK Hutchison and CK Asset chairman says.

‘There are only a few [international financial centres], and Hong Kong is one of them. It is hard-won. We must not lose this place,’ CK Hutchison and CK Asset chairman says.

21 Mar 2024 - 8:37PM
Business | OPINION
Labourers work on a construction site in Shanghai on March 27. According to the National Bureau of Statistics, China’s industrial firms saw a 10.2 per cent year-on-year increase in profits during the first two months of 2024, suggesting the Chinese economy is starting to recover, thanks to Beijing’s support measures. Photo: EPA-EFE

Macroscope | Time to accept China’s economy has moved on from relying on stimulus

Investors banking on Chinese policymakers providing aggressive stimulus are trapped in an old view of China and its economy. The news is far from all doom and gloom, but investors need to accept that China’s economy will remain vulnerable and recovery will take time.

2 hours ago

Opinion | Russia’s latest salvo at world domination is a Brics grain exchange

It would boost Russia’s influence as a vital grain supplier, provide greater food security for Brics states and potentially change the dynamics of the global agricultural market, hitting Western exporters from the US to Australia.

It would boost Russia’s influence as a vital grain supplier, provide greater food security for Brics states and potentially change the dynamics of the global agricultural market, hitting Western exporters from the US to Australia.

27 Mar 2024 - 5:35PM
Russia’s latest salvo at world domination is a Brics grain exchange

Opinion | Philippines must softly manage disputes or miss out on trade

Manila’s ‘assertive transparency’ strategy is touted as a model for managing maritime disputes but it diminishes key economic opportunities. As Chinese investment pours into other Southeast Asian countries, the Philippines must reduce geopolitical risks without acquiescing to Beijing.

Manila’s ‘assertive transparency’ strategy is touted as a model for managing maritime disputes but it diminishes key economic opportunities. As Chinese investment pours into other Southeast Asian countries, the Philippines must reduce geopolitical risks without acquiescing to Beijing.

27 Mar 2024 - 5:30AM
Philippines must softly manage disputes or miss out on trade

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