Business

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17 07, 2019

Tencent-backed DouYu’s US$775 million IPO is the largest by a Chinese company in the US this year

By | 2019-07-17T04:30:22+00:00 July 17th, 2019|Business|Comments Off on Tencent-backed DouYu’s US$775 million IPO is the largest by a Chinese company in the US this year

Live-streaming platform DouYu International Holdings has raised US$775 million, making it the largest Chinese IPO in the US this year after the company priced its deal at the low end of the indicative range.DouYu, which is backed by Chinese gaming gian...

17 07, 2019

China’s May holdings of US Treasuries dip for the third straight month to a two-year low amid trade war woes

By | 2019-07-17T04:06:08+00:00 July 17th, 2019|Business|Comments Off on China’s May holdings of US Treasuries dip for the third straight month to a two-year low amid trade war woes

China’s holdings of US Treasuries dipped in May to the lowest in two years amid an escalation of the trade war between the world’s two largest economies.The Asian nation’s pile of notes, bills and bonds fell by US$2.8 billion to US$1.11 trillion, accor...

16 07, 2019

Should Hong Kong, Chinese investors delay buying London property and wait for stamp duty cuts?

By | 2019-07-16T00:00:38+00:00 July 16th, 2019|Business|Comments Off on Should Hong Kong, Chinese investors delay buying London property and wait for stamp duty cuts?

A plan to cut stamp duty on home purchases in Britain may just be the boost needed by the slumping London property market, according to analysts. Boris Johnson, who is tipped to succeed British Prime Minister Theresa May this month, is considering a r...

16 07, 2019

Demand for Hong Kong’s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors

By | 2019-07-16T00:00:32+00:00 July 16th, 2019|Business|Comments Off on Demand for Hong Kong’s luxury homes slips as trade war, threat of extradition bill rattle wealthy investors

The double whammy of the US-China trade war and the threat of a controversial extradition bill that led to weeks of mass rallies in Hong Kong has hit demand for the city’s ultra-luxury homes, new figures show.Property consultancy Savills said enquiries...

14 07, 2019

How savvy Li Ka-shing profits from this loss-making firm’s ‘healthy ageing’ product

By | 2019-07-14T05:50:32+00:00 July 14th, 2019|Business|Comments Off on How savvy Li Ka-shing profits from this loss-making firm’s ‘healthy ageing’ product

Li Ka-shing, one of Hong Kong’s best known tycoons in his nineties, puts his money where his mouth is when it comes to fighting ageing.He has been taking Tru Niagen, a “healthy ageing supplement” made by one of his investees, since he was first introdu...

14 07, 2019

Everybody wants a piece of the growing e-sports pie in China

By | 2019-07-14T02:45:11+00:00 July 14th, 2019|Business|Comments Off on Everybody wants a piece of the growing e-sports pie in China

E-sports is gaining rapidly in popularity and scope in China.According to industry reports compiled by e-sports analyst Newzoo and consultants PwC, China is set to overtake South Korea as the second largest e-sports market after the US this year and co...