Investor Relations

Updated share price information on listed securities
  1. Credit Suisse has dropped out as a sponsor of a planned listing by Tencent-backed WeDoctor, a person familiar with the matter said on Monday, allowing more Asia-based investment banks to grab a role in the deal.The Swiss bank’s move is a blow to Hangzhou-based WeDoctor’s plans to raise US$700 million to US$800 million in a Hong Kong listing, the person added. The decision comes as lawyers and regulators scrutinise the bank’s work for the listing of Luckin Coffee in May last year.Shares of the…
  2. The slumping equity market has prompted some Hong Kong developers and their majority owners to step in and shore up support for investors, while increasing their stakes at the same time.At least three companies – New World Development, Wheelock and Co, and a joint venture owned by the father-son duo of Li Ka-shing and Victor Li Tzar-kuoi – have been actively involved in buying shares on the slide.They swooped in on nearly HK$1.5 billion (US$193.5 million) worth of stock last month after prices…
  3. Chinese artificial intelligence (AI) start-up 4Paradigm raised US$230 million in its latest funding round, bringing its net valuation to about US$2 billion, despite a slowdown in investments in China amid the coronavirus pandemic.The funding round has attracted new strategic investors including American technology conglomerate Cisco Systems and the world’s largest PC maker Lenovo, according to a company statement on Thursday. Sequoia Capital remains the company’s largest external shareholder…
  4. Chinese e-commerce platform Pinduoduo has raised US$1.1 billion in a private share placement that could fund its expansion despite current market volatility, the company announced on Tuesday.The transaction for the newly issued Class A ordinary shares, which represent about 2.8 per cent of the company’s total outstanding shares, is expected to be closed with “certain long-term investors” in early April, it added in a press release, without naming the investors.The announcement comes at a time…
  5. Beijing-based big data and artificial intelligence (AI) company MiningLamp Technology, which has been called “China’s Palantir” for its similarities to the US data analytics firm, has closed a US$300 million funding round co-led by Singapore’s state investor Temasek Holdings and Chinese internet giant Tencent Holdings.The Chinese company’s Series E funding round has attracted short-video start-up Kuaishou among other backers, it announced in a statement on Friday, adding that the investment…
  6. Online education and educational technology companies could be among the biggest beneficiaries of the Covid-19 pandemic as schools across the world shut, forcing children to learn from home. In China, the sector was expected to grow 12.3 per cent to 435.8 billion yuan (US$61.5 billion) this year.Hurun Report, which on Thursday released its first ever global list of billionaires who made their fortunes in the education business, said the education sector was going through a tectonic shift, as…
  7. Hong Kong and most other Asia-Pacific stock markets fell Thursday, as jittery investors took profits after two days of run-ups and worries grew about the economic and human toll of the coronavirus pandemic.Singapore’s gross domestic product for the first quarter fell far more than expected. It was the first Asian economy to publish GDP data, and shows what others can expect as the outbreak of coronavirus hits economic activity.Meanwhile, Japan’s planned stimulus package could lead to a currency…
  8. Asia-Pacific markets continued to rally on Wednesday after a historic surge in US equities, triggered by reports that the US Congress is close to a deal on a US$2 trillion stimulus package to battle the coronavirus pandemic.The Hang Seng Index shot up 3.8 per cent, in its first back-to-back gains in more than five weeks.Tencent Holdings rose 4 per cent, while WH Group shot up 11.2 per cent while Alibaba Group Holding, the e-commerce giant and owner of the South China Morning Post, gained 3 per…
  9. SoftBank Group plans to sell about US$14 billion in shares of Chinese e-commerce giant Alibaba Group Holding as part of an effort to raise US$41 billion to shore up its businesses battered by the pandemic, according to people with knowledge of the matter.The Japanese conglomerate is considering raising the remainder of the money by selling a stake in SoftBank, its domestic telecommunications arm, as well as part of its slice of Sprint following its merger with T-Mobile US, said one of the…
  10. Fosun Tourism Group, the owner of French resort chain Club Med, has said that its globalisation strategy is helping it to cope with the slump in its business. The Hong Kong-listed travel company has seen its operations in China slowly recover from the slump caused by the coronavirus outbreak even as the deadly disease continues to spread rapidly across the world, affecting its operations in its main market of Europe.“Our resorts in Italy and France have started terminating operations…