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24 Mar Asia-Pacific private equity deals stalled last year as slowing growth, high rates and volatile markets spooked investors: Bain

Posted at 23:00h in Asia

“2023 was a very turbulent year in the Asia-Pacific private equity market as it was in the European and North American markets as well,” Lachlan McMurdo, co-author of the report, said in an interview. Investors remained “especially cautious” about buying companies in mainland China, Hong...

24 Mar Apple CEO extols Chinese suppliers at Beijing forum as iPhone sales dip while Huawei gains

Posted at 12:00h in Asia

Apple chief executive Tim Cook lauded the “huge contribution” that Chinese suppliers have made to the iPhone maker’s carbon-neutral goals, at a high-profile summit hosted by the Chinese government and attended by Premier Li Qiang.At the China Development Forum, which kicked off in Beijing on...

24 Mar Meet the Australian-designed, Chinese-made video conferencing robot challenging Zoom, Google Meet in the workplace

Posted at 11:00h in Asia

Growing up, Marita Cheng has been fascinated with technology, particularly robots. So when the Australian engineer with Hong Kong roots turned 24 in 2013, she founded Aubot, a robotics company that aims to create products that help people with their daily lives.Today, Aubot’s flagship product...

24 Mar Gucci’s China shock reverberates across the luxury landscape

Posted at 07:30h in Asia

The spate of sobering news provides the latest evidence that an anticipated surge in spending by well-heeled Chinese freed from the world’s strictest Covid-19 lockdowns is failing to materialise. While some luxury companies are managing the fallout better than others, the rest could be forced...

24 Mar Exclusive | Ping An, China’s largest insurer, is exploring ways to expand in Hong Kong and Greater Bay Area, co-CEO says

Posted at 03:30h in Asia

Ping An Insurance (Group), China’s largest insurer by market capitalisation, is exploring ways to further expand operations in Hong Kong and the Greater Bay Area, its newly appointed co-CEO said.“Greater Bay Area, including Hong Kong, is going to be the centre of wealth creation,” said...

24 Mar Hong Kong’s status as green finance hub in danger from ‘loopholes’, lack of greenwashing checks: Greenpeace

Posted at 02:00h in Asia

To achieve its climate goals, Hong Kong should close three “loopholes” in green finance by setting volume targets, restricting fossil fuel financing and enacting a specialised anti-greenwashing law, according to Greenpeace.While the city boasts of being the top green finance hub in Asia, having arranged...

23 Mar Happiest countries for Gen Z, millennials

Posted at 15:36h in Europe

Lithuania is the happiest country for Gen Z and millennials, according to the 2024 World Happiness Report.Countries are ranked according to self-assessed life evaluations and answers to the Cantril ladder question which asks respondents to think of a ladder with the best possible life for them...

23 Mar Hong Kong property: homebuyers flock to Wheelock’s Seasons Place in Tseung Kwan O

Posted at 10:30h in Asia

“A new batch of units are expected to be launched in the short term, and there will be room for price increases,” Wheelock executive director Ricky Wong said in reaction to the strong market sentiment.Wheelock’s Seasons Place in Tseung Kwan O. Photo: HandoutEven before the...

23 Mar Indonesian logistics giant J&T turns first profit in China, making up bulk of its revenue, despite price war

Posted at 10:00h in Asia

Indonesian logistics company J&T Global Express reported its first annual profit in China despite an escalating industry price war in its first earnings report since going public in Hong Kong last October.The company recorded a gross profit of US$58.8 million and adjusted earnings before interest,...

23 Mar Calgary startup aims to launch sustainable aviation fuel facilities on the Prairies

Posted at 08:00h in Canada

For anyone who has flown with United Airlines over the last year or so, you've likely seen the in-flight video promoting the company's first Chief Trash Officer — Oscar the Grouch.It's all part of a marketing campaign to promote the airline's ambitions to use more...

Author: admin