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World

Hong Kong to cull some 2,000 hamsters and other small mammals following Covid-19 outbreak

Authorities in Hong Kong are seizing a number of hamsters to be euthanised following a Covid outbreak. Crowds gathered outside the Little Boss pet store as the animals were carried away in boxes. Families who have bought a hamster from the store since 22 December have been told to hand over their pet for euthanasia. […]

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World

SenseTime Group: Chinese artificial intelligence start-up announces $767 million Hong Kong listing

Chinese artificial intelligence start-up SenseTime Group has relaunched its $767 million Hong Kong share sale. The announcement comes a week after the listing was pulled as Americans were banned from investing in the firm. Washington has accused SenseTime of developing facial recognition software to determine people’s ethnicity, with a focus on identifying ethnic Uyghurs. The […]

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Business World

Chinese ride-hailing giant Didi to exit New York Stock Exchange and move to Hong Kong

Chinese ride-hailing giant Didi Global has announced plans to take its shares off the New York Stock Exchange (NYSE) and move its listing to Hong Kong. The firm has come under intense pressure since its US debut in July. Within days of the initial public offering (IPO) Beijing announced a crackdown on technology companies listing […]

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Business World

Alibaba shares plunge 10% after weaker earnings and slowdown warning

The shares of Alibaba fell over 10% in Hong Kong on Friday after the tech giant warned of weaker growth this year as China’s economy slows and Beijing continues its regulatory crackdown. This was Alibaba’s steepest decline since its listing in the city in November 2019. The fall in Hong Kong followed a similar plunge […]

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World

Hong Kong passes new film censorship law to protect national security

Hong Kong’s legislature has passed a new law banning films deemed to violate China’s national security interests, the latest blow to freedom of expression in the territory. Punishment for violating the law includes up to three years imprisonment and $130,000 in fines. Critics say the legislation will stifle the vibrant local film industry. Last year, […]

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World

Amnesty International to shutdown Hong Kong offices over National Security Law

Amnesty International, a global non-governmental organization focused on human rights, has decided to shut down its offices in Hong Kong over a recently imposed national security law. The group said the law, imposed by China, makes it “effectively impossible” for them to operate. Amnesty has had a presence in Hong Kong for more than 40 […]

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Insane World

Australia seeks answers after Hong Kong blocks lobster import citing national security

Australia is seeking answers from China on why its lobster exports have been blocked, after a top Hong Kong customs official said Beijing had imposed trade restrictions and lobster smuggling was a national security matter. Almost all of Australia’s exports of the live seafood, prized at Chinese banquets for its red colour, went to mainland […]

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Business World

Evergrande Group: Shares of troubled real-estate giant plunges 14% as trading resumes

Evergrande shares fell as much as 14% on Thursday in Hong Kong as they resumed trading after a 17-day halt.The hugely indebted Chinese property giant had stopped its shares from trading ahead of an announcement.Reports said real estate firm Hopson Development was set to buy a 51% stake in its property services unit.On Wednesday, Evergrande […]

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World

‘Pillar of Shame’: University of Hong Kong to remove statue commemorating the Tiananmen Square massacre

A statue commemorating the Tiananmen Square massacre would be removed, the University of Hong Kong has said. The Pillar of Shame depicts dozens of torn and twisted bodies and was at the forefront of vigils held in the city to commemorate the 1989 crackdown. The university said the decision was “based on the latest risk […]

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Insane World

Colombia confiscates 3,493 shark fins bound for Hong Kong from Bogota airport

Colombia confiscated a shipment of 3,493 shark fins which were to be illegally trafficked to Hong Kong from Bogota’s airport. Environmental authorities in the capital said the quantity of fins meant between 900 and 1,000 sharks between 1 and 5 meters in length would have to be killed. In some countries shark fins are sold […]

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Business World

Evergrande: Real-estate giant wreaks havoc on Hong Kong’s market; it’s bankruptcy could stall China’s economy

Chinese real-estate giant Evergrande has started to repay investors in its wealth management business with property, as the world’s most indebted developer faces a key test this week. Major banks have reportedly been told that they won’t receive interest payments on loans that are due Monday, while interest payments of $84 million on the firm’s […]

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Entertainment World

Nicole Kidman: Actress faces criticism after being allowed to bypass quarantine rules in Hong Kong

Hollywood star Nicole Kidman has come under fire for circumventing strict quarantine rules for international travelers. The actress’s arrival in Hong Kong has sparked widespread anger after she was reportedly spotted out and about two days after touching down. This is despite the region having some of the strictest rules in place, with up to […]