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Hong Kong
91 posts
Hong Kong jails Tiananmen vigil organizers as national security crackdown deepens
Hong Kong has jailed three Tiananmen vigil organizers under its national security law. Discover what the sentences reveal about the city’s future.
SHEIN’s $80m Everlane acquisition becomes first test of post-IPO brand roll-up
SHEIN Global Holdings has acquired US apparel brand Everlane for approximately $80 million and is using the transaction as an early test of a broader multi-brand strategy, even as the newly listed retailer trades well below its Hong Kong IPO price and faces a continuing US national-security review of the Everlane purchase.
GSM targets 1m VinFast cars as 2028 Hong Kong IPO tests asset-heavy ride-hailing model
Green and Smart Mobility plans to enter the U.S., Sweden and the Netherlands before the end of 2026 as it prepares for a Hong Kong IPO in 2028. The VinFast-linked operator also intends to acquire 1 million VinFast vehicles between 2026 and 2030, a fleet ambition equivalent to roughly 200,000 cars a year. The question is whether GSM can export the company-owned fleet model that built its Vietnamese market position without allowing capital requirements to overwhelm the economics.
Hong Kong activist Joshua Wong faces fresh prison sentence after guilty plea in security case
Joshua Wong pleads guilty to foreign collusion under Hong Kong’s security law, raising the prospect of another prison term beyond January 2027.
Club Med Koh Samui breaks ground as ClubMed Lifestyle targets 85 resorts by 2030
Club Med breaks ground on a 303-room Koh Samui resort as its IPO plan targets 85 resorts, making asset-light luxury execution the key valuation test ahead.
Shein finally got its IPO, but the valuation tells a very different story from the one private investors bought
Shein is set to enter Hong Kong’s public market at about $26.5 billion, far below its 2022 private-market peak. The discounted valuation may improve the entry point for new shareholders, but slower growth, weaker margins and up to $3.5 billion of payments linked to earlier preferred shares expose how expensive the company’s long-delayed IPO has become.
Softcare (HKEX: 2698) profit jumps 46% as Africa and Latin America sales accelerate
Revenue increased 30.7% to US$332.7 million and net profit reached US$75.8 million, while Softcare raised its interim payout ratio to about 66% despite continuing factory expansion.
CNOOC H1 profit jumps 23% to record RMB85.8bn as output hits new high
CNOOC Limited delivered record first-half profit and production as higher oil prices combined with rising volumes, while its low production-cost base preserved substantial cash-generation leverage.
Prudential (LSE: PRU) slips as $1.5bn buyback meets China growth risk
Prudential raised H1 new-business profit 8% and its buyback to $1.5bn. Can Hong Kong growth withstand rising China regulatory risk?
Hong Kong convicts Tiananmen vigil leaders as national security ruling tests limits of peaceful dissent
Hong Kong convicts two Tiananmen vigil leaders of subversion, raising new questions over peaceful dissent, free speech and national security law.