Tag: Hong Kong

Alibaba to Raise $10 Billion in New Shares for AI Buildout

Alibaba said on Sunday it will issue HK$80 billion (about $10.2 billion) in new Hong Kong shares, directing all proceeds to AI infrastructure.

Shein Slashes Hong Kong IPO Valuation to $25 Billion

Shein has slashed its Hong Kong IPO valuation target to as low as $25 billion, down sharply from earlier ambitions of $30-40 billion.

Standard Chartered Venture Anchorpoint Launches Hong Kong Dollar Stablecoin for Institutions

Standard Chartered-led venture Anchorpoint has begun institutional use of Hong Kong dollar-backed stablecoins, with retail access eyed by end-2026.

Fed Holds Rates as Hong Kong Keeps Base Rate at 4% Amid Market Slump

The HKMA held its base rate at 4% after the Fed kept US rates unchanged, as market slumps stoke fears over the central bank's inflation fight.

Typhoon Noul Makes Landfall in Guangdong, Grounding Flights and Stranding Thousands

Typhoon Noul, China's strongest storm this year, made landfall in Guangdong, cancelling flights and rail services and stranding 2,000 at Hong Kong airport.

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