Alibaba Group Holding Ltd. is changing its listing status in Hong Kong, making it eligible for the Stock Connect program and opening its shares to 220 million mainland Chinese investors. This move is expected to significantly increase Alibaba’s trading volume and liquidity. The decision comes at a time when Chinese tech companies are facing challenges and the move reflects Alibaba’s desire to tap into the southbound capital flows through the Stock Connect programme.
The HKTDC’s Food Expo, Beauty & Wellness Expo, Home Delights Expo, and related trade fairs concluded with record attendance and impressive sales figures, highlighting Hong Kong’s position as a leading hub for food, beauty, and homeware trade.
The arrival of panda twins in Hong Kong has sparked excitement and promises to boost the city’s tourism appeal. Experts suggest leveraging the pandas for branding, merchandise, and even decorating planes, while Ocean Park prepares to care for the growing panda family.
Cebu Pacific is boosting tourism in the Visayas and Mindanao regions by launching new routes connecting Davao to Hong Kong and Iloilo to Singapore. These new routes will make international travel more accessible and offer greater opportunities for leisure travel in the Philippines.
Cathay Pacific experienced a significant surge in passenger numbers in July 2024, exceeding two million for the first time since its rebuilding phase. The airline also saw strong growth in revenue passenger kilometers (RPKs) and cargo handling, highlighting a positive recovery in travel demand.
Chow Sang Sang, a major Hong Kong jewelry retailer, has reported a significant decline in profits for the first half of the year. This drop, attributed to record gold prices and weak consumer spending, highlights the challenges faced by the gold jewelry industry amidst rising gold prices.
JOYPOLIS SPORTS, the renowned Japanese indoor amusement park, is expanding its footprint to Hong Kong with its first international flagship location at Kai Tak Mall. This five-story, 30,000 square foot facility boasts over 20 attractions that merge technology with sports, promising an exciting sportainment experience for all ages.
Hong Kong fencer Cheung Ka-long’s victory over Italy’s Filippo Macchi at the Paris 2024 Olympics sparked a heated debate on social media, with Cheung’s supporters using the divisive pineapple pizza to celebrate his win. The close match, decided by a controversial video review, led to accusations of unfair refereeing from the Italian side, while Hong Kongers defended their champion with their love for pineapple pizza.
Regent Hong Kong has received a string of accolades in 2024, showcasing its exceptional hospitality, design, and culinary offerings. From Travel + Leisure’s World’s Best Awards to The Bund Design Hotel Awards, the hotel has been recognized for its dedication to providing personalized experiences and impeccable service.
A man attempting to smuggle over 100 live snakes into mainland China from Hong Kong was caught by customs officers. The snakes, including milk snakes and corn snakes, were concealed in canvas bags packed into the man’s trousers. Chinese authorities are cracking down on illegal animal trafficking due to biosecurity concerns and disease control.
