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The Latest Breaking News from Hong Kong

3D Medicines Bleeds Red Ink As It Struggles to Swim in 'Red Ocean'

Key Takeaways: 3D Medicines competes for a share in an already hotly contested and very small market, potentially dimming its appeal to investors

Benzinga

Ultra-fast Fashion Charms Young Despite Damaging Environment

So-called "ultra-fast fashion" has won legions of young trend-setting fans who snap up relatively cheap clothes online amid surging inflation, but the booming genre masks darker environmental problems. Britain's Boohoo, China's SHEIN and Hong Kong's Emmiol operate the same internet-based business model -- produce items and collections at breakneck speed…

Asharq Al-Awsat

Hong Kong authorities to investigate concert accident

Hong Kong officials say they will open an investigation into a concert accident in which a giant video screen fell down onto the stage and injured two dancers

The Independent UK

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Giant screen falls and crushes dancers at concert by Hong Kong boy band Mirror

One of the dancers is believed to be seriously injured following the horrific incident

Evening Standard

Horrifying footage of the moment a massive screen crushes performers

Shocking footage has emerged showing the moment a massive video screen suspended above a stage has fallen, crushing performers below.

The New Daily

Alibaba Slumps 4% After Reports Of Jack Ma's Plan For Ant: Hang Seng Falls Despite Wall Street Rally Amid Xi-Biden Phone Call

Hong Kong’s benchmark Hang Seng Index was in the red on Friday, losing over 0.5% in opening trade, despite a continuing rally on Wall Street. Alibaba shares fell close to 4% following reports Chinese billionaire Jack Ma is planning to cede control of Ant Group.

Benzinga

Falling screen hits 2 dancers on stage at Hong Kong concert

A falling video screen has struck and injured two dancers on stage as Cantopop band Mirror was performing in Hong Kong

The Independent UK

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Giant video screen falls during Hong Kong pop concert, dancers hurt

A big video panel fell onto a stage during a concert by Hong Kong boyband Mirror on Thursday, injuring at least two dancers, one of them seriously, and prompting authorities to ban the group from performing pending an investigation.

Reuters

Asia’s richest woman loses half £19billion fortune after property market crashes

At her peak, Yang Huiyan's £19.5billion fortune eclipsed that of fellow Chinese billionaires Fan Hongwei and Wu Yajun, both worth around £10.8billion at the time

Daily Mirror

US carrier strike group returns to S. China Sea amid Taiwan tensions

HONG KONG: A US aircraft carrier and its strike group have returned to the South China Sea after a port call in Singapore, deploying in the disputed region as tensions with China rise over a possible visit to Taiwan by congressional leader Nancy Pelosi.

Bangkok Post

UN experts urge Hong Kong authorities to repeal security law

Independent human rights experts backed by the United Nations are calling on authorities in Hong Kong to repeal a national security law that squelched protests and criticism over China’s tightening grip on the freewheeling semi-autonomous region

The Independent UK

Hong Kong's Star Ferry faces an uncertain future, as ridership falls and debt climbs

A drop in tourism due to political turmoil and the pandemic led to financial woes for the ferry, which has taken passengers across Victoria Harbor for decades. Now there are fears it may go bankrupt.

WEKU

Hong Kong security law, imposed by China and denounced by the West, must be repealed, says U.N. panel

Hong Kong's controversial national security law should be repealed, experts on the UN Human Rights Committee said on Wednesday, amid concerns the legislation is being used to crack down on free speech and dissent in the former British colony.

Reuters

Hong Kong to launch tech fund to attract local firms, foreign start-ups

HONG KONG: Hong Kong will launch a fund worth HK$5 billion (23 billion baht) next month to support local tech companies and attract foreign start-ups, the city's finance chief has said.

Bangkok Post

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Benzinga

Alibaba, Nio Fall Over 3% As Hang Seng Tracks Weaker Wall Street Close: All Eyes Now On Aussie Inflation Data

Shares of Alibaba, Nio and Li Auto lost more than 3% on Wednesday morning with the Hong Kong’s benchmark index Hang Seng falling over 1%, ahead of the release of Australia’s inflation report.

Benzinga

Didi Slapped With Hefty $1.2 Billion Fine. How Was the Amount Determined?

Key Takeaways: China’s cybersecurity regulator imposed a big fine of $1.2 billion on Didi after closing a year-long investigation into the company, but how it arrived at the amount has raised concern in the market

The Independent UK

Global stocks mixed ahead of expected US rate hike

Global stock markets are mixed as investors brace for another sharp interest rate hike by the Federal Reserve to cool inflation

Benzinga

Alibaba Surges 3.6% On Primary Hong Kong Listing Plan, Hang Seng Sees Trend-Reversal

Hong Kong’s benchmark Hang Seng Index opened in the green on Tuesday, flipping the trend from Monday, as better-than-expected economic growth data from South Korea offset mixed cues from Wall Street ov

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Bangkok Post

Travellers must complete online declaration before flight to Hong Kong

HONG KONG: All incoming travellers from overseas must complete their Covid-19 health declaration online from Thursday before flying into Hong Kong under a new requirement by the government to speed up processing at the airport.

Bangkok Post

BOI welcomes Hong Kong Economic and Trade office and Hong Kong Trade Development Council

Mr. Narit Therdsteerasukdi, Deputy Secretary General of the Thailand Board of Investment (BOI), together with Ms. Ratchanee Wattanawisitporn, Executive Director of Foreign Investment Marketing Division, welcomed Mr. Sheung-Yuen Lee, Director of Hong Kong Economic and Trade Office, and Mr. Peter Wong, Regional Director, South East Asia and South Asia, Hong…

The Guardian - UK

British judges have failed to curb Hong Kong’s crackdown on dissent

Letter: The judges who sit on the court of final appeal are only legitimising Beijing’s draconian rule, writes David Alton

ABC News

Tonga gets its mojo back after qualifying for Rugby World Cup with win over Hong Kong

Amid emotional scenes at Sunshine Coast Stadium, Tonga secures its place in next year's Rugby World Cup with a convincing victory over Hong Kong.

Wales Online

Tonga claim Rugby World Cup spot to face two of the world's top three sides in daunting group

Tonga have beat Hong Kong to secure a place at the 2023 Rugby World Cup in France

Wales Online

Welsh rugby favourite one game away from reaching the World Cup after moving thousands of miles away

It has been a rapid rise, having arrived in Hong Kong less than a year ago to take over a club side

The Hindu

ED attaches gems, bank deposits worth over ₹253 cr of Nirav Modi group in Hong Kong

All these moveable assets are in Hong Kong, the agency said in a statement.

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