Shenzhen has received a boost to its role in manufacturing humanoid robots after Unitree Robotics set up a new venture to leverage the supply chain and supportive policies of the southern tech hub. Unitree,
Once a rural backwater that looked up to its richer, savvier neighbour across the border, Shenzhen underwent rapid development in the past four decades and flipped the power dynamics. But within the Greater Bay Area (GBA), the reality is that both cities will need each other in order to have sustainable growth going forward.
Mixue raised $444 million in its IPO, a blockbuster listing that helps signal a turnaround in Hong Kong's IPO market.
According to the most recent government data, the number of tech startups in Hong Kong reached a record high of 4,694 in 2024, including more than 600 in financial technology
Shares MSCI Hong Kong ETF saw a modest return, but Hong Kong’s future is bright. Read why EWH remains a Buy for future growth despite volatility.
Chinese electric vehicle maker BYD said on Tuesday it had raised $5.59 billion in a primary share sale that was increased in size, making it the largest of its kind in Hong Kong in four years.
Hong Kong's retail sales by value fell by 3.2% in January from a year earlier, marking an 11th consecutive month of declines despite a surge in tourist numbers, government data showed on Monday.
BYD’s fundraising echoes the approach taken by many Chinese companies including Anta Sports, which raised $1.5bn in Hong Kong in a follow-on offering in 2023, to strengthen its financial position and accelerate its global expansion. Its subsidiary Amer Sports also pushed further into global markets, listing in the US last year.