PayCargo expands into Asia with Hong Kong as its first stop
PayCargo, a Florida-based logistics payment platform operator backed by private equity firm Blackstone, is setting its sights on Hong Kong as its “first point of [more…]
Category: Hong Kong
Germany’s Deutsche Bank gears up for legal battle against a Hong Kong property developer
In a move amidst China’s deepening property sector crisis, Deutsche Bank is reportedly preparing to launch a liquidation lawsuit against Shanghai-based developer Shimao Group in [more…]
Qatar’s Commercial Bank and Visa revolutionize payment experience with Visa Installment Solution
In a move to redefine the payment landscape in Qatar, Commercial Bank has partnered with Visa, the world leader in digital payments, to introduce the [more…]
FalconX eyes Hong Kong market, set to offer OTC brokerage and crypto derivatives services
Digital asset brokerage firm FalconX has set its sights on Hong Kong as it expands its services to meet the rising institutional demand for crypto [more…]
China’s C919 breaks ground at Singapore Airshow, posing challenge to Airbus and Boeing dominance
China’s ambitious foray into the competitive world of passenger jets took a significant step as its homegrown aircraft, the C919, soared into the skies outside [more…]
Hong Kong’s CK Hutchison terminates telecom venture with Swedish private equity
CK Hutchison Holdings, a key player in Hong Kong’s business landscape and the flagship company of billionaire Li Ka-shing, has announced the termination of its [more…]
Bitcoin price surges above $50,000, its highest level in over two years
Bitcoin, the world’s most famous cryptocurrency, is making headlines again, soaring past the $50,000 mark on Monday, its highest level in over two years. The [more…]
OneDegree expands digital asset insurance to UAE in partnership with Dubai Insurance Co.
Hong Kong-based online insurance provider, OneDegree, has taken a significant leap in its global expansion strategy by extending its digital asset insurance services to the [more…]
MTR Lab and Gobi Partners invest $5.9 million into a Hong Kong tech firm for a greener future
Hong Kong-based construction tech company isBIM has received an investment of HK$46.8 million (US$5.9 million) from MTR Lab and venture capital firm Gobi Partners GBA. [more…]
In August, retail sales in Hong Kong surged by 13.7%.
An uptick in visitor arrivals contributed to Hong Kong’s retail sales registering their ninth consecutive month of growth in August, although the year-on-year increase of [more…]