Latest Hong Kong HKEX Stock Market News
HK-listed asset manager Value Partners Group CEO steps down
Hong Kong-listed Value Partners Group on Friday said that Wong Wai Man June has stepped down as the chief executive and executive director of the asset manager.Wong, who had been the chief executive of the company for two-and-a-half [more]
PE firm Advent to invest $297m in India’s Apollo HealthCo
PE firm Advent International will invest 24.75 billion rupees (nearly $297 million) in Apollo Hospitals‘ unit Apollo HealthCo and will merge its online pharmacy vertical ‘Apollo 24/7′ with pharmacy distributor Keimed, the hospital chain operator said on [more]
PE firm L Catterton buys into Italy’s affordable cosmetics brand KIKO in $1.5b deal
LVMH–backed buyout firm L Catterton has agreed to buy a majority stake in KIKO Milano in a deal which a source close to the matter said valued the family-owned Italian low-cost make–up group at around [more]
Copper hits 2-year high above $10,000 on China squeeze
China accounts for more than half of global copper consumption. © ReutersSHUGO YAMADA, Nikkei staff writer | TOKYO -- Copper prices rose the highest [more]
Japan launches $6bn-plus space fund to bolster private ventures
TOKYO -- Japan has launched a 1 trillion yen ($6.43 billion) fund for private space development, planning to subsidize as much as 100% of R&D costs by startups [more]
Shanghai presses ahead into secondary market with new 10b yuan fund
Image by Zhou Xian from Unsplash.Shanghai Sci-Tech Innovation Center Capital — the strategic investment arm of state-owned Shanghai International Group (SIG) — is planning to [more]
Government allows plastic use for pre-packaged food, takeaways
Photo by Chosen0 from UnsplashThe exception applies to products in supermarkets and department stores.The Environment Protection Department clarified that pre-packaged food or takeaways for immediate [more]
Emirates launches aircraft engineer recruitment drive in Hong Kong
Press photo (Emirates)Available roles include licensed aircraft engineers, aircraft technicians, and engineering support staff.International airline Emirates is actively recruiting experienced aircraft engineers in Hong Kong, [more]
Exports value hit $384.5b in March
Photo by Manson Yim from UnsplashIt rose 4.7% YoY.The value of exports rose 4.7% YoY in March to $384.5b, the Census And Statistics Department (C&SD) [more]
Residential property first-hand sales soar post-cooling measures removal
Transaction volume for residential units is projected to increase 43% YoY in 2024.The volume of Hong Kong’s first-hand sales in the market has surged significantly [more]
HK Express rolls out flights to Don Mueang, Thailand
Photo from HK ExpressThe ariline now has four destinations in Thailand.HK Express Airways launched its flight services between Hong Kong and Don Mueang in Thailand [more]
PolyU partners with ZEISS for myopia control tech advancement
Photo from The Hong Kong Polytechnic UniversityThe partnership focuses on developing myopia control and other ophthalmic technologies.Hong Kong Polytechnic University (PolyU) tied up with ZEISS [more]
HK Express load factors exceed 97% in April amidst Easter holidays
Photo from Ruslan Bardash on UnsplashCurrent bookings to North Asian destinations exceed 90% occupancy as Golden Week approaches.HK Express Airways’ (HK Express) average load factors [more]
Mong Kok health check centre faces investigation over professional standards
Photo by Karolina Grabowska via PexelsAuthorities reinforce healthcare regulatory rules after suspected medical ordinance violation.The Department of Health will pursue follow-up actions against a Mong [more]
Hong Kong and Shanghai to enhance financial ties
Photo by Patricia Lazaro via PexelsThe two cities will leverage on their competitive advantage to boost their financial cooperation.Representatives from Hong Kong and Shanghai recently [more]
Honda goes all-in on EVs in U.S., Canada despite slowdown worries
Honda Motor CEO Toshihiro Mibe is spearheading the automaker's North American EV investments. (Photo by Kazuyuki Okudaira)SHOYA OKINAGA and AZUSA KAWAKAMI, Nikkei staff writers | [more]
Chinese automakers show off AI-powered ‘smartphones on wheels’
BEIJING -- XPeng, Geely and other Chinese automakers are showing off innovative new models at the Beijing International Automotive Exhibition, as competition in China shifts from EVs [more]
VinFast CEO to inject $1bn of personal wealth into Vietnam EV maker
A VinFast electric vehicle sits at a distributor in Los Angeles. © ReutersHO CHI MINH CITY -- The chief executive of VinFast will invest [more]
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Yen dives past 157 against dollar as BOJ stays put
The yen hit a new 34-year low against the dollar on April 26. (Photo by Takaki Kashiwabara) LISA KIM, Nikkei staff writer | TOKYO -- Japan's currency [more]
India Digest: Lyskraft raises $26m; Capria Ventures closes India Opportunity Fund at $19m
Omnichannel fashion startup Lyskraft has raised $26 million in a funding round led by Peak XV Partners. In a separate development, Capria Ventures closed its [more]
ByteDance earns praise from Chinese social media for denying TikTok sale
TikTok owner ByteDance earns praise from Chinese social media for rejecting US sell-or-ban ultimatumByteDance has earned praise from Chinese social media for denying a report [more]
Meituan looking to hire in Saudi Arabia for bigger bite of global market
Chinese food delivery giant Meituan is seeking to hire staff for at least eight positions based in Riyadh, in a sign it may be looking [more]
India Digest: Advent International eyes stake in Apollo 24/7; InCred marks first close of PE fund
Advent International is in talks to acquire a minority stake in Apollo 24/7. Separately, InCred Alternative Investments has hit the first close of its maiden [more]
Tech exits in Vietnam to improve amid increased M&A appetite, finds report
Even as deals in the tech startup space have been bleak, Vietnam is anticipated to see an uptick in exit activity driven by higher M&A [more]