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Jack Ma Doubles Down on Alibaba
  + stars: | 2024-01-23 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +6 min
(Both men already hold sizable amounts of Alibaba stock.) Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent. The stock purchases will probably bring attention back to Ma, a former English teacher who helped start Alibaba as an e-commerce platform. Ma, who hasn’t held a management role at Alibaba or Ant in years but remains a lifetime partner in the Alibaba Partnership, now largely focuses on Bill Gates-style philanthropy. And she’s expected to take swipes at Trump’s economic record as president.
Persons: Tsai, Ma, Alibaba, Ant, hasn’t, Bill Gates, Nikki Haley, Donald Trump, Eric Rosengren, Robert Kaplan, Kaplan, Rosengren, Archer, Daniels, Vikram Luthar, Scott Stuber, Spike Lee, Martin Scorsese, Jane Campion, Stuber, Ted Sarandos, Netflix’s, Bela Bajaria, Biden’s, Janet Yellen, Lael Brainard, they’re, Biden, ” Ray Fair Organizations: Pool Management, Alibaba, Brooklyn Nets, New York Liberty, Nets, Boston Fed, Dallas Fed, Republican, Biden, Yale, Times Locations: U.S, Hong Kong, China, Ma, Beijing, , Paris, New Hampshire, Dixville
In her Instagram post, Chow said she decided to flee after “considering the situation in Hong Kong, my personal safety, my physical and mental health,” adding that she had faced sustained pressure from authorities. Chow said she received permission from Hong Kong authorities to pursue her master’s degree in Canada, on the condition that she returned to Hong Kong to report to police during school breaks. Chow was among the first pro-democracy leaders to be detained under the law in Hong Kong. In her Instagram post, Chow said she was admitted by a university in Toronto earlier this year. The Hong Kong police statement on Chow confirmed they had returned her passport to allow her to study overseas and prolonged her bail.
Persons: Kong’s, Agnes Chow, , . Chow, , Chow, Chow’s, , Joshua Wong, Nathan Law, Demosisto, Wong, you’re, ” Chow Organizations: Hong Kong CNN, Hong, Police, Critics, The Hong Locations: Hong Kong, Canada, ., Hong, China, Beijing, United Kingdom, The, The Hong Kong, Toronto, Shenzhen
Agnes Chow, 27 - a core member of a now-disbanded group of younger activists including Joshua Wong who helped drive Hong Kong's pro-democracy movement - said in posts on her Instagram account late on Sunday that she had left Hong Kong for studies in Canada. Their group, Demosisto, dissolved hours after Beijing passed a sweeping national security law in 2020. Beijing says the law has brought stability to Hong Kong after mass pro-democracy protests in 2019. There was no immediate response from the Hong Kong police. Chow was due to report to Hong Kong's security police later this month but decided not to return out of consideration for her personal safety and wellbeing.
Persons: Agnes Chow, Tyrone Siu, Hong, Joshua Wong, Chow, Jimmy Lai, hadn't, Chow couldn't, David Holmes Organizations: REUTERS, Hong, Reuters, Hong Kong, Thomson Locations: Hong Kong, China, HONG KONG, Canada, Beijing, Toronto, Shenzhen, Hong
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —In travel news this week: the world’s leading destinations for neighborliness and tranquility, what’s trending in aircraft interiors and top picks for city getaways and Asian hotels. World’s most peaceful countriesWhat do Iceland, Denmark and Ireland have in common, other than being Northwestern European countries with oceanic climates and gorgeous, green landscapes shaped by ancient glaciers? That’s what’s promised by Lufthansa Technik’s new cabin design for the upcoming BBJ 777-9 — the private jet version of Boeing’s new widebody aircraft, the 777X.
Persons: Hong Kong’s, That’s what’s, doored, , Organizations: CNN, Northwestern, for Economics, Lufthansa, Geographic, Royal Caribbean Locations: getaways, Iceland, Denmark, Ireland, Hong Kong, Belfast, Northern Ireland, Lima, Samarkand, Uzbekistan, Cairo, Angeles
CNN —More than half of the world’s population live in urban areas where nature can feel like a distant concern. Thriving ecosystems do, however, exist within our cities — even beneath our feet — and embracing urban nature can be a powerful force for change. Cape Town’s baboons can often be found rummaging through garbage cans and around backyards, putting them at greater risk of conflict with humans. Easy access to food from Cape Town’s trash means baboons spend less time and energy foraging, and more on socializing with potential mates and the rest of their group. The city has begun taking proactive measures to keep them away from Cape Town’s outskirts and in their natural hillside habitat.
Persons: CNN —, Corey Arnold, denning, Lawrence Hylton, Neil Zeller, Gizem, Harvard University’s, Mary Cleave, Ashley Strickland, Katie Hunt Organizations: CNN, Southern, DreamWorks, Gizem Gumuskaya Tufts University Scientists, Tufts University, Harvard, Harvard University’s Wyss, NASA, Challenger, Tasmanian, CNN Space, Science Locations: West London, city’s, Cape Town , South Africa, backyards, Cape Town’s, California, Hong, New Territories, Shing Mun, Canadian, Guatemala
When John Woo was a child, living in the dangerous slums of Hong Kong, he had two sanctuaries: the church and the movie theater. Both provided respite from a world of poverty and intense violence. He’d use a flashlight to illuminate the glass and, shifting the light, project moving images onto the wall. That 1989 film, starring his frequent collaborator Chow Yun-fat, proved a major work that established both Woo’s style and our notion of modern action cinema. And yet, even as his so-called “bullet ballet” films went on to influence an array of popular culture makers, including the Wu-Tang Clan and Quentin Tarantino, Woo said he never particularly cared for action films.
Persons: John Woo, Woo, Oz ”, it’s, Chow Yun, Wu, Wu - Tang Clan, Quentin Tarantino Organizations: Wu - Locations: Hong Kong, Wu - Tang
Many of the looks were completed with naval accessories, like raffia bucket hats and Louis Vuitton Keepall 25 bag hand-embrodiered with seashells. Musician Ma Siwei and actor Dylan Wang at the Louis Vuitton Men's fashion show in Hong Kong, China. Louis Vuitton opened its first boutique in Hong Kong in 1979. Many of the looks were completed with naval accessories, like raffia bucket hats and Louis Vuitton Keepall 25 bag hand-embrodiered with seashells. “I definitely knew I wanted Hong Kong to be my second stop after Paris,” he said of his Louis Vuitton show schedule.
Persons: Hong Kong CNN — Louis Vuitton’s, Pharrell Williams, Pont, Hong, Anson Lo, Song, , Williams, ” —, , Louis Vuitton, Ma Siwei, Dylan Wang, Billy H.C, Kwok, Virgil Abloh, Louise Delmotte, , Louis Vuitton’s, junkboat, Dior, Louis Vuitton's, Lam Yik, Tyrone Siu, Reuters Louis Vuitton’s, Lorraine Schwartz, it’s, ” Williams, “ You’re Organizations: Hong Kong CNN, Hollywood, CNN, Louis, Paris, Vuitton, National Security Law, Hong Kong Tourism Board, , Bloomberg, Getty, K11 Group, Stars, Victoria, Reuters, Reuters Louis Vuitton’s womenswear Locations: Hong Kong, Asia, Hong, Victoria Harbour, American, Paris, Hawaii, China, Victoria Dockside, Huangpu, Shanghai, South Korea
I was born and raised in Hong Kong. AdvertisementBorn and raised in Hong Kong, I've seen various quirks and unique behaviors that have become ingrained in the city's culture. Whether it's donning puffer jackets during mild winters or whipping out umbrellas when the sun is shining bright, there are certain things I only expect to see in Hong Kong. Here are seven things you can do to blend in like the locals in Hong Kong. Shouting out orders is essential when visiting dai pai dongs, or open-air food stalls in Hong Kong.
Persons: I've, , it's, pai dongs, Lewis Tse, Dai pai dongs, siu, — it's, Hong Kongers, Yung Chi Wai Derek, cheung, Sham Organizations: Service, Hong Locations: Hong Kong, Canada, expats, Asia, Mong
Those on trial say that plan was simply part of the pluralistic, oppositional politics that has long been permitted in Hong Kong. The Hong Kong government has repeatedly denied the national security law is suppressing freedoms. They hail from multiple generations and a wide political spectrum - from moderate democrats to those who advocate for Hong Kong’s self-determination. Known as “Grandma Wong,” the 67-year-old had been a fixture of Hong Kong’s pro-democracy protests. No national security cases in the city have been heard in front of a jury.
Persons: Hong, , Joshua Wong, Benny Tai, Claudia Mo, Alexandra Wong, Grandma Wong, Hong Kong’s, ” Alexandra Wong, Noemi Cassanelli, Gwyneth Ho, Leung Kwok, ISAAC LAWRENCE, John Lee, ” Lee, , Organizations: Hong Kong CNN, Prosecutors, Hong, Kowloon Court, CNN, Getty, Communist Party, city’s, Hong Kong’s Legislative Locations: Hong Kong, Beijing, Hong, Kowloon, Britain, China, AFP, Hong Kong’s
Lawrence Hylton Hong Kong is home to more than 1,000 animal species, including this giant shield mantis. Lawrence Hylton Snakes are Hylton's favorite animal to photograph, but getting close enough can be a challenge. Lawrence Hylton Hylton started photographing wildlife at the age of 17. Lawrence Hylton Hong Kong has over 245 species of butterflies including the fish-line silkworm, pictured here. Lawrence Hylton Here, Hylton gets a close-up view of a local stag beetle.
Persons: Lawrence Hylton’s, Hylton, “ I’m, , Lawrence Hylton, Lawrence Hylton Hylton, Lawrence Hylton Here, , ” Hylton, Bosco Chan, WWF Hong Kong, Chan Organizations: CNN, WWF Locations: They’re, Hong Kong, British, China, Hong, Kong, Lawrence Hylton Hong Kong, WWF Hong
Analysts generally say that for consumers in China today, daily essentials, rather than discretionary goods, are in. Top picks Both are on Jefferies' top picks list for the China consumer in 2024. In addition to being a staple at business dinners in China, Moutai has tried to branch out with co-branding in chocolate, ice cream and coffee. But the company said it expected the Chinese market to "to return to mid single-digit growth" in coming periods. The firm analyzed 80 publicly-listed consumer companies with a majority of revenue from mainland China.
Persons: China haven't, Jefferies, they'd, Alibaba, Moutai, Gamble, It's, North America —, Andy, McKinsey's Daniel Zipser, — CNBC's Michael Bloom Organizations: OC, C, Nestle, PepsiCo, Procter, Foods, China, Pacific Sun Advisors, McKinsey Locations: China, Shanghai, Hong Kong, U.S, Wednesday's, Shenzhen, Friday's, China —, North America, Asia
Hong Kong CNN —Hospitals in Beijing and northern China are grappling with a surge of children with respiratory illnesses as the country enters its first winter since relaxing stringent Covid-19 controls nearly one year ago. Wait times to see doctors stretch for hours, with hundreds of patients queuing at some children’s hospitals in major cities across northern China, according to CNN reporting and Chinese state and social media. The surge in cases across northern China comes amid a rise in seasonal respiratory infections around the northern hemisphere, including in the United States, where RSV is spreading at “unprecedented” levels among children. Children receive intravenous drips at a children's hospital in Beijing on November 23, 2023. It’s unclear if there’s been an increase in respiratory illnesses or severe cases among children relative to pre-pandemic years because of limited public data released by China.
Persons: , Jin Dongyan, ” Catherine Bennett, ” Bennett, Jade Gao, drips, , there’s, Jin, that’s, Christine Jenkins Organizations: Hong Kong CNN — Hospitals, CNN, Beijing Children’s Hospital, Beijing Friendship Hospital, Health, World Health Organization, WHO, Wednesday, , University of Hong Kong’s, of Biomedical Sciences, Deakin University, Getty, Weibo, Capital Institute of Pediatrics, National Health Commission, NHC, , China’s, Hong Kong University, UNSW Sydney Locations: China, Hong Kong, Beijing, Tianjin, United States, Australia, AFP, Beijing’s
Japan, Australia, Qatar, United Arab Emirates and Saudi Arabia all won, while Kuwait and North Korea scored a flurry of goals en route to victories. Australia and Palestine players stood for a minute's silence ahead of their game, which was played in Kuwait due to the Israel-Hamas conflict. Son was in top form as South Korea completed back-to-back wins at the start of their challenge for a place at the 2026 finals. Players held a minute's silence ahead of kickoff before Souttar scored the game's only goal with an 18th-minute header. Kuwait, meanwhile, thrashed Afghanistan 4-0 away to move into second place in Group A behind Qatar.
Persons: Korea's Son Heung, Min, Tingshu Wang, Ueda, Heung, Son, Yan Junling, Lee Kang, Jung Seung, Yan, Thais, Suphanat Mueanta, Mano Polking's, Ayase Ueda, Hajime Moriyasu's, Jong Il Gwan, Harry Souttar, Kuwait's Jaber Al, Souttar, Oston Orunov, Igor Sergeev, Mohanad Ali, Jesus Casas, Darren Lok, Amadoni Kamolov, Saudi Arabia's Saleh Al Shehri, Jordan, Abdalla, Ali Mabkhout, Michael Church, Angelica Medina, Toby Davis Organizations: Soccer Football, AFC, Shenzhen Universiade Sports Centre, REUTERS, China, Japan, North Korea, Thailand, Singapore, North, Syrians, Syria, Palestine, Ahmad, Iraq, Vietnam, Malaysia, Taiwan, Kyrgyzstan, Qatar, United, Bahrain, Thomson Locations: China, Republic of Korea, Shenzhen, Republic, Korea's, Japan, South Korea, Australia, Qatar, Korea, Myanmar, Syria Australia, Palestine, HONG KONG, United Arab Emirates, Saudi Arabia, Kuwait, North, Israel, Syria, Jeddah, North Korea, Yangon, Australia's, Gaza, Lebanon, Bangladesh, Uzbekistan, Iran, Hong Kong, Turkmenistan, Vietnam, Philippines, Indonesia, Manila, Oman, India, Yemen, Nepal, Tajikistan, Pakistan, Islamabad, Saudi, Afghanistan
Hong Kong CNN —Elsa, Anna, Olaf and Sven have a new home on a subtropical island in Asia. World of Frozen, Disney’s first-ever themed land dedicated to the “Frozen” media franchise, opened at Hong Kong Disneyland on November 20. Michael Moriarty, managing director of Hong Kong Disneyland, called World of Frozen “the most immersive attraction we’ve ever built.”Hong Kong Disneyland's World of Frozen includes a recreation of the Arendelle Palace and other key elements from the beloved film franchise. Courtesy DisneyHe added that the decision to bring World of Frozen to Hong Kong was influenced by the regional interest in the franchise and the unique natural elements of Lantau Island, where Hong Kong Disneyland is located. Visitors can get to Hong Kong Disneyland by car or via the orange line on Hong Kong’s MTR public transit system.
Persons: Hong Kong CNN — Elsa, Anna, Olaf, Sven, Disney’s, Prince Hans, , Bob Iger, Disney Imagineers, Elsa, Kristoff, , Michael Moriarty, ” Moriarty, Moriarty, Arendelle Organizations: Hong Kong CNN, Hong Kong Disneyland, Disney, Disney Parks, Kong’s Locations: Hong Kong, Asia, Hong, Norway, Arendelle, Olaf, Sunny
HAWSTON, South Africa (AP) — Nearly every house in Hawston has a boat in its yard, sometimes two. It's reduced the endangered South African abalone to unprecedented low levels, wildlife groups say. Political Cartoons View All 1256 ImagesAt first, the South African government banned abalone fishing completely. Hong Kong is importing between 2,000-3,000 metric tons of illegal South African abalone a year, the report estimated. Chan also rates South African abalone highly, as so many do, with its rich taste and slightly chewy texture.
Persons: Raphael Fisher, perlemoen, Fisher, , “ It’s, Wendy Chan, Chan, , Keet, It's, Bertus van, van Oordt, Van Oordt, we'll, ” van Oordt, “ We'll, Markus Burgener, ” Burgener, Burgener, Zara, Toby, ” Fisher, Kanis Leung, Alice Fung Organizations: South, Global, Transnational, International Union for Conservation, Nature, Divers, Lookouts, Trade Monitoring, AP Locations: South Africa, Hawston, East Asia, Hong Kong, China, Japan, Taiwan, Gansbaai, HIK, Hawston's, Africa, africa
[1/3] The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Beijing needs to pull "multiple levers" at the same time to address the "vulnerabilities" in the financial system, local government financing, as well as consumer sentiment, said Edward Al-Hussainy, head of emerging market fixed income research at Columbia Threadneedle, which owns Country Garden bonds. China property sector slumpShoring up confidence is the biggest challenge facing Beijing and is key to getting homebuyers spending again, which analysts says isn't likely to happen soon given an uncertain economic outlook. Reuters reported last week that Chinese authorities have asked domestic financial behemoth Ping An Insurance Group to take a controlling stake in Country Garden. "You need to fix the macro environment first; if you don't earn enough how do you buy a property?," said Xu, whose firm holds China property dollar bonds.
Persons: Aly, Edward Al, isn't, Morgan Stanley, Ping, Ping An, Elliot Hentov, Steven Xu, Xu, Raymond Cheng, Goldman Sachs, Clare Jim, Davide Barbuscia, Karin Strohecker, Summer Zhen, Rae Wee, Sumeet Chatterjee Organizations: Shanghai Country Garden, REUTERS, HONG KONG, Columbia, Reuters, HK, Economic Work Conference, Reuters Graphics, HIT, Insurance Group, State Street Global Advisors, Country, Harmonia, Bloomberg, China, CIBM Securities, Thomson Locations: Shanghai, China, HONG, Beijing, outflows, Hong Kong, New York, London, Singapore
REUTERS/David Kirton Acquire Licensing RightsSHENZHEN, China, Nov 16 (Reuters) - Tony Xiong is among the latest arrivals to the glitzy office towers in the newest part of Shenzhen, built to showcase China's economic miracle. Office workers are not the only ones grumbling about the unattractiveness of Qianhai, a special economic zone where Chinese dreams of global financial might and economic prosperity that once seemed inevitable are now darkened by half-empty skyscrapers and shopping malls as well as barely used motorways. And that's before China's tallest skyscraper of over 1,000 metres and a cluster of other towers are completed. With China entering a new era of sluggish growth, Qianhai may never reach the international status to which it aspires. The Qianhai Authority and China's State Council Information Office did not respond to Reuters requests for comment on the local and macro economic challenges.
Persons: David Kirton, Tony Xiong, Qianhai, Knight Frank, Antonio Fatas, Deng Xiaoping's, Xi Jinping, Xi, Zhiwu Chen, incentivised, Witman Hung, I've, Brian Miller, Klaus Zenkel, it's, Bill Deng, Zhang, James Pomfret, Marius Zaharia, David Crawshaw Organizations: REUTERS, Rights, Reuters, Authority, Communist Party, University of Hong, Qianhai Authority, HSBC, UBS, Standard Chartered, Chamber of Commerce, Greater, Thomson Locations: Shenzhen, Guangdong province, China, Rights SHENZHEN, Hong Kong, Beijing, Shanghai, China's, Qianhai, University of Hong Kong, Guangzhou, Hengqin, Macau, Nansha, South China, Greater Bay Area, . Hong Kong
CNN —China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment in China. “China is willing to be a partner and friend of the United States,” he added. China is happy to see a confident, open and prosperous US,” Xi said. Xi recalled entering the US on that trip through San Fransisco, which he said formed his “first impression” of America. Under Xi, China has further expanded the scope of its anti-espionage law, raided US consultancy and due-diligence firms and detained executives in the name of national security, sending a chill through the foreign business community.
Persons: Xi Jinping, Xi, ” Xi, Tim Cook, Elon Musk, Joe Biden, , Biden, Dexter Roberts, Roberts, , ’ “ Liu Dongshu, ” Liu, Fred Hu, ” Hu, China “ Organizations: CNN, Economic Cooperation, Apple, Tesla, US, China Business Council, National Committee, China Relations, Flying Tigers, Mansfield Center, University of Montana, City University of Hong, Primavera Capital Group, Bloomberg, Economy, China Locations: China, United States, San Francisco, Asia, Japan, Iowa, America, San Fransisco, City University of Hong Kong, Xi, Singapore
This reversal comes as China grapples with a troubled economy and is keen to highlight Xi as a powerful and capable world leader. Xi’s opticsOn Chinese state media and across social media platforms, where the hashtag #Planet-Earth-Is-Big-Enough-For-Both-China-And-The-US was trending, the broad perception appeared to be of a job well done. The positive coverage of the event was a break from the typical rhetoric critical of the US that often plays across Chinese state and social media. US President Joe Biden and Chinese leader Xi Jinping walk together during their bilateral meeting. “China will eventually achieve reunification, and will inevitably achieve reunification,” Xi was quoted as saying — another line that was also trending on Chinese social media following the meeting.
Persons: Xi Jinping, Joe Biden, Biden, , Antony Blinken, Mao Ning, It’s, Xi, , Xi’s, Alfred Wu, Lee, Wang Yi, Wang, ” Wang, ” Xi, Tim Cook, Elon Musk, Brendan Smialowski, Liu Dongshu, Biden’s Organizations: Hong Kong CNN, Foreign Ministry, Lee Kuan Yew, of Public Policy, China’s, Economic Cooperation, Apple, Tesla, Getty, Communist Party, Beijing, City University of Hong Locations: China, Hong Kong, United States, Beijing, Washington, Bay, San Francisco Bay Area, Taiwan, Singapore, California, America, Asia, AFP, City University of Hong Kong
Image President Xi Jinping of China spoke to a crowd of U.S. business executives at a dinner in San Francisco on Wednesday evening. “There are hundreds and hundreds of activists —” Crowd: “Go home Xi Jinping!” “— who are coming together from all corners of this nation.” “We are really upset. 1 question for us is: Are we adversaries or partners?” Mr. Xi asked. Mr. Orlins said the Chinese had prepared three versions of a speech Mr. Xi could deliver that night. After Wednesday’s events with Mr. Biden, Mr. Xi picked the friendliest one.
Persons: Xi Jinping, Carlos Barria, Xi, , Xi Jinping doesn’t, , ” “, Jinping, Josh Edelson, Xi —, Mr, Tim Cook, Larry Fink, BlackRock, Jerry Brown, Elon Musk, ” John L, Holden, Biden, Doug Mills, ” Michael Hart, Jim Wilson, Angus, Gina M, Raimondo, , Ms, “ I’m, Stephen A, United States — Deng Xiaoping, Jiang Zemin, Hu Jintao, Deng, It’s, ” Mr, Orlins, “ They’re, Jeff Chiu, Biden’s Organizations: Visit, Credit, Agence France, Hyatt Regency, Apple, Boeing, Pfizer, Nike, FedEx, Elon, McLarty Associates, San Francisco . Credit, New York Times, U.S, American Chamber of Commerce, ., Mr, National Committee, United, China Relations, Associated, U.S ., China Business Council, Economic Cooperation, Consulate Locations: China, U.S, San Francisco, Hong Kong, Tibet, United States, California, Filoli, San Francisco ., , Iowa, Asia, Pacific
For the seventh time, Taiwan will be represented by Morris Chang, the 92-year-old founder of the world-leading Taiwan Semiconductor Manufacturing Company. Chang is known as the godfather of the industry that has put Taiwan in the top ranks of high-tech manufacturing and personal electronic devices. Taiwan has participated in APEC since 1991 under the name Chinese Taipei. It began taking part just two years after the group's inception and the same year that China and the semi-autonomous Chinese city of Hong Kong joined. These acts of political intimidation have the potential to wear down the operational resiliency of the island's military equipment and personnel.
Persons: Morris Chang, Chang, , Finance Chuang Tsui, yun, Janet Yellen, BIDEN, Xi Jinping, John Kirby, Joe Biden, Hong Kong, William Lai, Terry Gou Organizations: , Economic Cooperation, Taiwan Semiconductor Manufacturing, APEC, Finance, U.S, Treasury, BE, Liberation Army, Democratic Progressive Party . U.S . National Security, Nationalist Party, Kuomintang, KMT Locations: TAIPEI, Taiwan, — Taiwan, Asia, San Francisco, China, Taipei, Hong Kong, Beijing, TAIWAN, U.S, Japan, South Korea, Philippines, Pacific, Hong, British, Taiwanese
SYDNEY, Nov 15 (Reuters) - Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, according to two sources with direct knowledge of the matter. iMotion, which was established in 2016, did not immediately respond to a request for comment from Reuters. The Suzhou-based firm is planning to open the books for its IPO the week after next ahead of starting trade on the Hong Kong Stock Exchange (HKEX) in the first week of December, according to the sources. iMotion had planned to raise $300 million, Bloomberg News reported in March, but has cut the size of its new fund raising target. Reporting by Scott Murdoch in Sydney and Yantoultra Ngui in Singapore; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.
Persons: iMotion, Hong Kong's, Scott Murdoch, Yantoultra, Lincoln Organizations: SYDNEY, iMotion Automotive Technology, Reuters, Hong Kong Stock Exchange, Bloomberg News, Thomson Locations: Hong Kong, iMotion, Suzhou, China, Hong, Sydney, Singapore
By Jessie Pang and Joyce ZhouHONG KONG (Reuters) - China's state-backed Bishop of Beijing visited Hong Kong on Tuesday amid fears among some Catholics that Beijing wants tighter control over religious affairs in Hong Kong. The visit is the first trip by a mainland Chinese bishop since the former British colony was returned to China in 1997 and follows a landmark visit to the Chinese capital by his Hong Kong counterpart in April. Hong Kong has traditionally been seen as a regional Catholic hub on the edge of the Chinese mainland under officially-atheist Communist Party rule. Hong Kong has 600,000 Catholics. Tensions between Beijing and the Vatican over the appointment of bishops saw a confidential pact struck in 2018.
Persons: Jessie Pang, Joyce Zhou HONG, Bishop, Pope, Bishop Joseph Li, Li, of Hong Kong Stephen Chow, Chow, Cardinal Joseph Zen, Zen, Tyrone Siu, Joyce Zhou, Michael Perry Organizations: Reuters, Hong, Hong Kong Catholic Cathedral, Hong Kong Liaison Office, Communist Party Locations: Joyce Zhou HONG KONG, Beijing, Hong Kong, China, of Hong Kong, Vatican, China . Hong Kong, Asia
By Andrius Sytas and Essi LehtoVILNIUS/HELSINKI (Reuters) - Estonian prosecutors said on Friday the Hong Kong-registered NewNew Polar Bear container ship was the main focus of their investigations into the damage of two subsea telecoms cables last month. It is the first time Estonia has said it was the primary scenario it was investigating. NewNew Shipping, the owner and operator of the NewNew Polar Bear, has previously declined to comment when contacted by Reuters. Estonia's prosecutor general said on Friday the main lead they were following was that "damage to the telecom cables between Estonia and Finland and Estonia and Sweden is connected to the vessel Newnew Polar Bear flying the flag of Hong Kong". Reuters has reported that two vessels, the NewNew Polar Bear and the Russia-flagged Sevmorput, were present near the cables and pipeline around the time of the damage, according to data from MarineTraffic, a ship-tracking and maritime analytics provider.
Persons: Andrius Sytas, Triinu Olev, Risto Lohi, Elina Valtonen, China, Essi, Terje Solsvik, Christina Fincher, Andrew Heavens Organizations: Essi Lehto, NewNew Shipping, Reuters, NATO, Finland's Locations: Essi, Essi Lehto VILNIUS, HELSINKI, Hong Kong, Estonia's, Finland, Estonia, China, Baltic, Sweden, Russia, MarineTraffic, Vilnius, Helsinki
Asia markets gain ahead of China inflation data
  + stars: | 2023-11-09 | by ( Shreyashi Sanyal | ) www.cnbc.com   time to read: 1 min
People walk through Exchange Square in Hong Kong on October 28, 2022. Major lenders Standard Chartered and HSBC expressed confidence in the rebound of Hong Kong's and China's economy, even as China ramps up its Covid measures and Hong Kong's economy posted its worst quarter in more than two years. Most Asia-Pacific markets edged higher Thursday after indexes in the region fell for two straight days, as investors focus on inflation data from China. Market participants now await October consumer prices data from China, which is expected to fall 0.1% year-on-year according economists polled by Reuters. Producer prices are expected to decline 2.7%, according to a Reuters poll.
Persons: Hong Kong's Organizations: Chartered, HSBC, Reuters Locations: Hong Kong, China, Asia, Pacific, South
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