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Alibaba's logistics arm aims to raise up to $2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in the Asian financial hub.Cainiao Network Technology's initial public offering (IPO) plan comes after Alibaba flagged in late March it would split its business into six units and that most of them would explore capital raisings or market debuts to help fund future growth. Cainiao, which has started work on the IPO, is looking to…

Apple Maps users in Hong Kong, Slovakia, and Taiwan can look forward to a big upgrade in the mapping data and experiences that they will have access to soon according to a new report.Apple continues to roll out an updated Maps experience in multiple countries with three more reportedly already undergoing testing of what will surely be a big upgrade over what those users have been using to date.The Apple Maps experience has improved dramatically in recent years and the upgrades will be particularly noticeable for iPhone,…

On a balmy day in mid-April, thousands of people queued in line to enter the Hong Kong Convention Center where the city’s inaugural web3 festival was underway. Most had flown in from mainland China, but many others had trekked from Singapore, Japan, Indonesia, Thailand and even the U.S. to see what the city had to offer to crypto ventures at a time regulation over digital assets is intensifying in the U.S. In February, Hong Kong proposed a set of welcoming rules to regulate crypto-related activities. Under the new…

A Reddit user revealed how he used ChatGPT to apply for jobs on his behalf and make a customized CV Good morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: Jobs lost at Amazon in the Studios and Prime Video divisions. Fast-Track Insights: Next month is anticipated for the launch of Hong Kong’s crypto licensing system. ChatGPT is making life easier for people. The computerized reasoning stage isn’t just making position simple but on the other hand, permitting us to have more open…

Analytics Insight has listed the top 10 current cryptocurrency prices for April 28, 2023 According to Julia Leung, CEO of Hong Kong’s Securities and Futures Commission (SFC), which is vying to become a crypto center, the city will publish rules for cryptocurrency exchanges intending to open there in May. Analytics Insight has listed the top 10 current cryptocurrency prices as of April 28, 2023. Bitcoin- US$29,556.21 (up by 1.44%) Ethereum- US$1,917.55 (up by 0.44%) Tether- US$1.00 (up by 0.01%) BNB- US$326.84 (down by…

The fintech industry is expanding globally, and different countries and companies are taking distinct positions on cryptocurrency. Hong Kong and China, for instance, are on opposite sides of the spectrum, leading to widespread discussions on the topic in the crypto world. Despite China’s ban on cryptocurrency that has been in place since 2011, Hong Kong recently declared its intention to become the world’s crypto center and is investing $100 million in cryptocurrency firms. This development is particularly beneficial for…

State-owned China Mobile Ltd is exploring a buyout of Hong Kong's leading telecoms company HKBN Ltd, four people with knowledge of the matter said, which could spark a bidding war for the firm currently valued at $1 billion.China Mobile in recent weeks sent a request for proposal (RFP) to a small group of banks to advise on acquiring and taking-private the Hong Kong telecom provider, which offers services including broadband and Wi-Fi management, said the people.The Beijing-based company is still receiving pitches from…

One of Asia’s preeminent crypto hubs in Singapore, while another is Hong Kong. Additionally, both cities have recently been home to a large number of multinational crypto enterprises. According to sources, managing partner Annabelle Huang of Amber Group stated that the business kept one of its largest offices in Hong Kong. It is getting ready to apply for the new virtual asset trading platform (VATP) license from the city. There is no doubt that Singapore and Hong Kong are Asia’s crypto hubs as they have different…

Hong Kong's CK Hutchison Holdings is aiming to raise at least $1 billion in a two tranche dollar bond deal, according to two people with direct knowledge of the matter. The people spoke on condition of anonymity as the information is not yet public. CK Hutchison has mandated seven investment banks ahead of a potential deal, according to a term sheet seen by Reuters that did not give details on the amount it was looking to raise. The ports-to-telecoms conglomerate owned by billionaire Li Ka-shing is considering issuing 5-…

The madness of the Hong Kong property market takes centre stage in this goofy Cantonese-language comedy, set almost entirely over the course of one chaotic night in a luxury high-rise apartment block. Directed by Ho Cheuk-tin, it imagines how a bunch of ordinary Hongkongers would handle the unexplained appearance of a very naked and very dead man in their building.Proceedings kick off when Ming (Wong You-nam) is having dinner with his wife (Jennifer Yu) in the apartment owned by his penny-pinching mother-in-law (Teresa…