Chinese delivery platform Dada Nexus plans to raise $500 mn in US IPO
Dada Nexus, listed the size of the offering at $100 mn, a placeholder amount likely to change...
Tag : Hong Kong
Hong Kong-based fintech Neat secures $11 mn funding to fuel expansion
Investors who took part in the funding round includes Pacific Century, Visa and MassMutual Ventures...
Hong Kong home prices see biggest drop since November 2018
The anti-government protests and the Covid-19 pandemic in part are reasons for its property market’s sluggish growth...
Hong Kong will still be Asia’s financial hub despite the unrest
Hong Kong is China’s window to the wider world and its goose that lays golden eggs – China won’t risk losing it...
Global fintech deals fall by 4% as China suffers
3,472 fintech deals were recorded with a total value of $53.3 bn in 2019...
Morgan Stanley aims to boost its wealth management staff strength in Asia
The US investment banking giant declared that it touched a milestone in profit last year, owing to its wealth business that contributes to over 50 percent of its earnings....
Political turmoil takes its toll on Hong Kong’s life insurance sector
Last November, the tourist footfalls from the Chinese mainland fell by 60 percent year-on-year....
Singapore introduces new policy to entice more global investors
The policy will be unveiled as a segment of the Variable Capital Companies Act...
Virtual banks in Singapore and Hong Kong: Who has the edge?
Hong Kong and Singapore are licencing virtual banks to serve the underserved and unhappily served – with different approaches...
Alibaba-backed WeLab secures $156 mn funding to invest in R&D
The fintech startup has received the funding from Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank...