Half a year has transpired since Chinese electric vehicle startup WM Motor submitted its application for a public listing, but a lack of progress with those plans has caused it to consider alternative paths, such as reverse merger.
Pictures of a new "Maners Coffee" store located in Hong Kong's World Trade Centre were posted on November 21 on Xiaohongshu, a popular Chinese lifestyle-sharing platform. Apart from a slight change in its name, the logo is consistent with that of mainland chain Manner Coffee.
Hangzhou-based internet giant Alibaba stated on November 17 that it will not complete a primary listing in Hong Kong before the end of the year as initially planned. This delay comes as the firm struggles with slowing growth at home.
BitCoke, a Hong Kong-based crypto exchange, suspended withdrawals from 13:00 on November 13 local time due to a police investigation into its financial officer.
The Hong Kong government issued a policy statement on the local development of virtual assets at the opening of the city's flagship tech conference Hong Kong FinTech Week on October 31, aiming to promote the city as an international crypto hub.
A planned mandatory licensing program in Hong Kong for crypto platforms set to be enforced in March of next year will reportedly allow retail trading. Regulators are seeking to allow listings of bigger tokens but won't endorse specific ones like Bitcoin or Ether.
Chinese food delivery giant Meituan was reportedly preparing a new project for the Hong Kong market, and a recent recruitment notice has indirectly verified the rumor that it is about to explore Hong Kong's food delivery market.
Meituan's on-demand delivery business unit is preparing to enter the Hong Kong market, and it is currently recruiting staff.
Tencent Music Entertainment Group (TME) has reportedly obtained approval for a second public listing on the main board of the Hong Kong Stock Exchange (HKEx), issuing relevant documents on September 15.
On August 23, Chinese e-commerce services provider Baozun Inc. issued an announcement on its voluntarily application for a conversion to a dual primary listing, with the effective date expected to be November 1, 2022.
The China Securities Regulatory Commission granted approval for Leapmotor to issue a maximum of 290 million overseas listed foreign shares. After this is completed, the EV maker can be listed on the main board of the HKEx.
This week: Bitcoin mining giant Canaan doubles profits despite China's crypto ban, Animoca Brands bets big during crypto winter, metaverse jobs disappear as hiring slows across global tech companies, and more.
Yum China Holdings, Inc. announced on August 15 that it has applied for a voluntary conversion of its secondary listing status to a primary listing status on the Main Board of the Hong Kong Stock Exchange (HKEx).
Kingsoft Cloud, an independent Chinese cloud services provider, announced on August 8 that Wang Yulin had resigned as CEO, a member of the board of directors and nominating and corporate governance committee, due to personal health concerns.
The Cometary NFT series by Paul Wong, a well-known Hong Kong singer, songwriter and record producer, was listed on the BitMart NFT marketplace at 12:00 pm on August 3.
On August 2, Great Wall Motors (GWM) and automobile retailer Inchcape Group announced that they have entered into a partnership involving the joint development of the new energy vehicle markets in Hong Kong and Macau.
Alibaba announced on August 4 that Irene Yun-Lien Lee, Chairman of Hysan Development Company Limited, and Albert Kong Ping Ng, former Chairman of Ernst & Young China, were appointed as independent directors to the company's board.
According to the announcement on Shenzhen Stock Exchange on July 29, SenseTime, a leading AI enterprise in China, has been added into the list of stocks that can be traded through the Hong Kong Stock Connect platform.
Kingsoft Cloud formally submitted an application on July 27 for a dual primary listing to the Hong Kong Stock Exchange (HKEx). The company expects to be dual-listed on the Nasdaq and the HKEx upon the completion of the listing.
Alibaba Group announced on July 26 that its board of directors has authorized the company’s management to apply for a primary listing on the Main Board of the Hong Kong Stock Exchange (HKEx).