One of the latest volleys in the multibillion-dollar fast food wars started with a late night on Karan Suri's TikTok.A&W's director of menu development was scrolling his phone when he came across the "pickle girl" trend that was making the rounds last year, with women (and one very...
CK Asset Holdings, the flagship property developer of Hong Kong billionaire Li Ka-shing, is putting another 110 units at its Blue Coast project on the market after buyers enthusiastically oversubscribed the development’s first batch of flats.The new list includes 20 two-bedroom units and 90 three-bedrooms...
Improved retail sales last year appear to have helped retail landlords, as the average retail rent rose 4 per cent in 2023, according to government data. This put shop rents just 10 per cent below the pre-pandemic peak in February 2019, S&P said.Pedestrians cross a...
Family-owned businesses like IMCPAA are prominent in the economy, outperforming their non-family peers by 3 per cent since 2006, according to a 2023 survey of 1,000 such companies by Credit Suisse. Of those surveyed, 517 were from the Asia-Pacific region, with a total value of...
“We’ve seen a shift in stance by foreign investors and that’s a positive signal for Chinese stocks,” said Dong Zhongyun, an analyst at Avic Securities. “It’s worthwhile watching the flows of northbound investment [through the Stock Connects], as that’s where fresh capital comes from, and...
China’s initial public offerings (IPOs) tumbled 65 per cent in the first quarter, a trend that is likely to persist through the year as the securities regulator has pledged to improve the quality of new listings and apply more scrutiny to listing applicants.Twenty-eight companies have...
Hong Kong’s revamped investment-migration programme is paying off for insurers such as Prudential Hong Kong, which is planning to expand its product line to appeal to the wealthy would-be Hongkongers taking advantage of the scheme, according to its top boss.Like peers Manulife and AIA, as...
A consortium of investors agreed to inject capital into a unit owned by the Chinese property magnate Wang Jianlin, offering some relief to a cash-starved developer who has had to sell assets to repay debt.Wang’s Newland Commercial Management unit has received close to 60 billion...
“A large number of Luxeed S7 vehicles have already rolled off the production line and are now being transported for delivery to customers,” said Richard Yu Chengdong, chairman of Huawei’s intelligent automotive solution business unit, in a post on Chinese microblogging platform Weibo.Huawei had said...
The Asia partnership, which is led by Jenny Lee and Jixun Foo in Singapore, has been rebranded as Granite Asia. Its name comes from Granite Global Ventures, GGV’s original handle when the firm was founded in 2000.Singapore-based Granite Asia is headed by senior managing partners...