Hotels in mainland China will need to raise their performance and returns to succeed as real estate investment trusts, according to JLL. A 4 per cent annual return will be favoured by regulators and investors.
Meituan, Tencent, NetEase and PDD Holdings are potential candidates to sell convertibles, according to UOB Kay Hian analyst Julia Pan.
The English footballer will be featured in AliExpress commercials during the European Football Championship, which kicks off in mid-June.
CiDi, which makes autonomous vehicles for use in mining and construction, is in talks to set up a long-term presence in Saudi Arabia as the kingdom invests heavily in infrastructure, executives say.
AIA Group, Asia’s largest insurer, is picking an opportune time to look for office buildings in mainland China to house its operations. A two-year slump in the property market has rendered these assets ‘affordable.’
Only 1 per cent of large-cap Hong Kong-listed firms in the MSCI AC Asia-Pacific IMI index have set greenhouse gas reduction targets considered ‘fully’ credible, less than the regional average.
The largest US semiconductor equipment maker is being probed by authorities for sending gear to SMIC via South Korea without Washington’s approval.
Alibaba has emerged as a major backer of Moonshot AI, one of China’s hottest artificial intelligence start-ups, holding a 36 per cent stake in the firm.
In Southeast Asia, Chinese EV builders from established giants like BYD and Great Wall to start-ups such as Hozon are offering discounts in a bid to take on Japanese rivals whose petrol cars dominate the market.
The start-up, a rival to ChatGPT creator OpenAI, has been marketed to a range of Silicon Valley investors.
The acquisition ‘vertically integrates the energy supplier and key end-user’, Hans Energy CEO Yang Dong says, adding that its ‘strategic development of the hydrogen industry’ aligns with Citybus’s net-zero emissions goal.
The Chinese tech giant is selling up to US$5 billion worth of convertible bonds, while company leaders set e-commerce and cloud computing as its core businesses in a move ‘towards strategic clarity’.
Troubled property developer receives lifeline a day after Fitch Ratings downgraded its default ratings.
Hong Kong stocks fell for a fourth straight day and capped their biggest weekly loss since January, with a lack of positive earnings surprises and waning rate cut hopes adding to the gloom.
A stock market rally in Hong Kong has helped raise valuations and improve sentiment among investors, feeding a recovery in fundraising activities in the city and on bourses in mainland China, JPMorgan says.
New Frontier, chaired by Hong Kong’s former financial secretary, said it has completed the acquisition of the Hong Kong Integrated Oncology Centre as part of its expansion in the healthcare industry of the bay area.
China’s securities regulators and stock exchange officials met with global fund managers in Europe in the first overseas roadshow, after delivering a major stimulus to rescue the nation’s property market.
Chinese venture capital firms are looking for opportunities in South and Southeast Asia as geopolitical tensions between China and the US dim prospects in the west, according to some big funds.
The Chinese smartphone and electric vehicle (EV) maker Xiaomi grew its first-quarter revenue by a better-than-expected 27 per cent year on year, as handset shipments recovered globally.
The supermarket chain is importing more products from mainland China in a bid to lure Hongkongers who have taken to travelling to Shenzhen and other mainland cities where they can shop and dine for cheaper, says chairman of CK Hutchison.
Seoul aims to help boost South Korea’s global market share in non-memory chips, such as mobile processors, to 10 per cent from the current 2 per cent.