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Morningside Technology Ventures leads $11 mln Series A funding in Jitjatjo

Morningside Technology Ventures led an $11 million Series A funding round in Jitjatjo, which matches hospitality operators with vetted industry professionals using artificial intelligence. Mick Sawka of Morningside Technology Advisory, will join Jitjatjo’s board of directors. Press Release Jitjatjo, the mobile staffing marketplace that leverages artificial intelligence to instantly and accurately match hospitality operators with vetted industry professionals, today announced that the company has...
Tags: Hong Kong, New York, New York City, Trends, Chicago, United States, Company, CHAN, VC Deals, Morningside, Morningside Technology Ventures, Jitjatjo, Mick Sawka, Morningside Technology Advisory, Morningside Technology Advisory LLC, Jitjatjo s Board


KKR raising first Asia real estate fund, targeting $1.5 billion: Reuters

HONG KONG (Reuters) – Global investment powerhouse KKR & Co Inc is raising its first Asia-focused real estate fund, targeting $1.5 billion as it looks to deepen its real estate portfolio in the region, said people with knowledge of the matter. The New York-headquartered private equity firm is moving toward first-close of the fund late in the second quarter, the people said, declining to be named as the information is confidential. The firm itself will commit about $250 million in capital, and po...
Tags: Asia, Hong Kong, New York, India, Trends, Asia Pacific, Funds, Goldman Sachs, Seoul, KKR, Reuters, Reuters Global, Blackstone Group, CLSA, Gangnam, Pattar


Asian shares gain as Fed says it will hold off on rate hikes

BANGKOK (AP) — Shares advanced across Asia on Thursday after the Federal Reserve said it has ruled out interest rate increases for this year. The Shanghai Composite index rose 0.9 percent to 3,119.72 while Hong Kong’s Hang Seng gained 0.2 percent to 29,371.12. South Korea’s Kospi climbed 0.5 percent to 2,187.71, while Australia’s S&P ASX […]
Tags: Asia, South Korea, Hong Kong, Business, News, Australia, Ap, Nation, Shanghai, Federal Reserve, Bangkok, Fed, KOSPI


Huawei is putting blockchain into the stratosphere

At its 2019 “Cloud Summit” industry conference in Hong Kong, Huawei unveiled a new blockchain-based cloud service. Huawei Cloud now offers blockchain oriented services designed to help Hong Kong-based businesses make use of the decentralized platform’s typical characteristics. These being, decentralization, immutability, and traceability (transparency). Huawei hopes this will aid the Chinese province’s mission to become an international financial and logistics hub. Specific details of the blockc...
Tags: Startups, Hong Kong, Huawei, Cryptocurrency, Blockchain, Hard Fork, Huawei Cloud


Insight Venture Partners invests in PDI

PDI said March 20 that Insight Venture Partners has invested in the company. Genstar and TA Associates will both retain minority stakes. Financial terms weren’t announced. PDI, of Atlanta, provides enterprise software to the convenience retail, wholesale petroleum and logistics industries. PRESS RELEASE ATLANTA, March 20, 2019 – PDI, a leading global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced today an investment by...
Tags: Hong Kong, San Francisco, Trends, Tech, Atlanta, ERP, Insight Venture Partners, Ta, PDI, PE Deals, Genstar Capital, Genstar, TA Associates, Deven Parekh, TA Associates TA Associates, Boston Menlo Park London Mumbai


THE APPLE STORE WORLD TOUR: From Albuquerque to Zurich, here's a look at every Apple Store across the globe (AAPL)

To understand Apple's global retail footprint, it helps to see it for yourself. We've compiled a list of every Apple store in the world. Jump to your favorite country or state via the table of contents, or scroll down to see every store alphabetically. It's hard to believe Apple was started out of a garage in California just over 40 years ago. Today, Apple is worth hundreds of billions of dollars and has over 500 stores in 24 countries around the world. Apple stores weren't even a "thing" unt...
Tags: Apple, Google, South Korea, Hong Kong, Japan, Sweden, Colorado, South Park, California, Steve Jobs, Washington, Mexico, US, Trends, Spain, Turkey


Plant protein startups vie to tap China’s hungry market

Start-ups specialising in alternative protein, from eggless eggs to pea-stuffed burgers and cell-grown fish products, are piling into the Chinese territory of Hong Kong to tap the mainland's booming multi-billion dollar food market.
Tags: Hong Kong, Money, China, businessNews


Asian markets mixed as investors look ahead to Fed report

BANGKOK (AP) — Shares were mixed in Asia on Wednesday ahead of the Federal Reserve’s policy statement. Fresh news on China-U.S. trade talks raised spirits, helping Chinese benchmarks to trim early losses. The Shanghai Composite was flat at 3,090.62 and Hong Kong’s Hang Seng fell 0.2 percent to 29,399.89. White House officials said Tuesday that […]
Tags: Asia, Hong Kong, Business, News, White House, China, Ap, Nation, Shanghai, Federal Reserve, Bangkok, Fed


World's most expensive cities revealed

Paris comes top of a ranking of the world's most expensive cities, alongside Hong Kong and Singapore.
Tags: Hong Kong, Business, Paris


Malaysia to summons two Goldman Sachs units ahead of 1MDB case

Malaysian prosecutors on Monday said they would issue summonses to units of U.S. investment bank Goldman Sachs in London and Hong Kong, requiring them to respond by June to criminal charges filed against them last year.
Tags: Hong Kong, London, Money, businessNews, Malaysia, Goldman Sachs


Cathay Pacific says budget airline would serve 'unique market segment'

Hong Kong's Cathay Pacific Airways Ltd, in talks to buy low-cost carrier Hong Kong Express Airways, believes budget airlines have a "unique market segment" it does not capture at present, Chief Executive Rupert Hogg said on Monday.
Tags: Hong Kong, Money, businessNews, Cathay Pacific, Cathay Pacific Airways Ltd, Hong Kong Express Airways, Rupert Hogg


HK suspends UBS sponsor licence, fines it and others $100 mln for IPO failures

Hong Kong's securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs.
Tags: Hong Kong, Money, businessNews, Ubs, Morgan Stanley, HK


Flight Review: El Al Business Class (787-9) From New York to Tel Aviv

I have long been fascinated by El Al. Since they became a Qantas codeshare partner in 2017, I have wanted to experience the Israeli national airline. Long had I heard that El Al’s long-haul staples – the trusty Boeing 777-200ER – were not as fresh and comfortable as rivals flying on similar routes. But when El Al took delivery of their first Boeing 787-9 Dreamliner in 2017, I was set determined to experience their long-haul product. It only took me two-years! (NB: This photo taken of similar p...
Tags: Travel, Facebook, Hong Kong, Europe, Business, Usa, New York, Instagram, Scotland, New York City, Israel, US, Jerusalem, Tel Aviv, Flying, New Jersey


Continuous Disclosure: Big-money Goodman deal, Shane Jones' misdirection, and a longer wait for KFC

Continuous Disclosure is a market news column, including analysis and opinion. Edited by Duncan Bridgeman, Tamsyn Parker and Jamie Gray. HK's First Pacific takes a bath on Goodman Sale Hong Kong investment company First Pacific... [Author: [email protected]]
Tags: Hong Kong, Business, Kfc, Goodman, Shane Jones, First Pacific, Jamie Gray, Duncan Bridgeman Tamsyn Parker, Goodman Sale


I visited the most expensive neighborhood in the world's most expensive city — a billionaire enclave where where Alibaba founder Jack Ma may have bought a $191 million mansion

Hong Kong was named the least affordable city in the world to live in for the ninth year in a row.  Hong Kong's most expensive neighborhood is The Peak. The Peak is a gorgeous, secluded neighborhood that overlooks Hong Kong and is home to bankers, expatriates, business magnates, celebrities, and millionaires and billionaires. Jack Ma, the Chinese billionaire who founded Alibaba, is said to have purchased a $191 million mansion in the neighborhood in 2015, but it has never been confirmed. Ever...
Tags: Asia, Hong Kong, New York City, Trends, Bill Gates, Alibaba, Miami, Jeff Bezos, Kensington, Jack Ma, Frommer, Victoria Peak, Hong Kong Island, CNN Travel, Fifth Avenue London, South Beach Hong Kong


Years after brutal $2M hack, Gatecoin cryptocurrency exchange is dead

Seminal cryptocurrency exchange Gatecoin is dead. It’s finally going into liquidation, years after it lost $2 million in cryptocurrency belonging to its customers. Gatecoin was one of the first regulated digital asset exchange services to spring up. Hailing from Hong Kong and launched way back in 2013, it was focused entirely on Bitcoin, Ethereum, and Ethereum-based token markets. According to the post, signed by “The Gatecoin Team,” payment service troubles supposedly “paralyzed” Gatecoin’s ope...
Tags: Startups, Hong Kong, Cryptocurrency, Blockchain, Gatecoin, Hard Fork


HK suspends UBS sponsor licence, fines it and others $100 million for IPO failures

Hong Kong's securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs.
Tags: Hong Kong, Money, businessNews, Ubs, Morgan Stanley, HK


Hong Kong suspends UBS, fines it and other top banks $100 million for IPO failures

Hong Kong's securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs.
Tags: Hong Kong, Money, businessNews, Ubs, Morgan Stanley


Hong Kong regulator bans UBS from sponsoring IPOs for one year, fines other top banks

Hong Kong's securities regulator banned UBS on Thursday from sponsoring initial public offerings (IPOs) domestically for a year for failures in that role in three IPOs, the first major bank involved in stock listings to face such action in the city.
Tags: Hong Kong, Money, businessNews, Ubs


Asian stocks mixed after Chinese industrial data disappoints

SINGAPORE (AP) — Asian markets were mixed on Thursday after China said its industrial output slowed in January and February, leaving traders waiting for assurances from Beijing. Japan’s benchmark Nikkei 225 was almost flat at 21,287.02 while the Kospi in South Korea was up 0.3 percent at 2,155.68. Hong Kong’s Hang Seng shed 0.1 percent […]
Tags: South Korea, Hong Kong, Business, News, China, Singapore, Ap, Nation, KOSPI, Beijing Japan, Nation & World


Lawyers for Huawei due in US court in Iran sanctions case

NEW YORK (AP) — Lawyers for the Chinese electronics giant Huawei (HWAH’-way) are due in court in a U.S. case charging the company with violating Iran trade sanctions. The company is to be arraigned Thursday morning on an indictment filed in federal court in Brooklyn. Prosecutors have accused Huawei of using a Hong Kong front […]
Tags: Hong Kong, Business, New York, Technology, News, US, Iran, Ap, Brooklyn, Nation, Huawei


The Latest: Lawyer says Las Vegas Sands should pay $347M

The Latest on a trial for a Nevada jury to decide how much Las Vegas Sands owes a Hong Kong businessman for helping the U.S. casino company open its first resort in Macau in 2004 (all times local): 1:20 p.m.
Tags: Hong Kong, Finance, Article, Associated Press, Las Vegas, Nevada, Macau, Las Vegas Sands, FBN, Fbn/markets, Fox-business/markets, Fox-business/industries, Fox-business/features, 128c8eec-496f-5104-99b8-dfe6f21f67b4


Jury to decide what Sands owes Macau casino dealmaker

Hundreds of millions of dollars will be at stake in a Nevada courtroom when attorneys for a Hong Kong businessman tell a jury on Wednesday that Las Vegas Sands owes him hundreds of millions of dollars for helping the company open its first resort in Macau 15 years ago.
Tags: Hong Kong, Finance, Article, Associated Press, Nevada, Macau, Las Vegas Sands, FBN, Ken Ritter, Fbn/markets, Fox-business/markets, Fox-business/industries, Fox-business/features, B500a65a-2fa1-5736-a5c3-023a504380fd


Cathay Pacific 'reasonably optimistic' on outlook after swinging to annual profit

Cathay Pacific Airways Ltd is "reasonably optimistic" about passenger and cargo markets this year despite recognising challenges ahead, its chairman said, after the Hong Kong airline earlier reported a profit for the first time in three years.
Tags: Hong Kong, Money, businessNews, Cathay Pacific, Cathay Pacific Airways Ltd


Asian shares fall amid continuing global uncertainties

TOKYO (AP) — Asian shares were lower Wednesday amid continuing global uncertainties that weighed on stocks as some traders took profits from a rally earlier in the week. Japan’s benchmark Nikkei 225 dropped 1.0 percent to 21,279.09. Australia’s S&P/ASX 200 lost 0.2 percent to 6,161.20. South Korea’s Kospi slipped 0.5 percent to 2,147.46. Hong Kong’s […]
Tags: South Korea, Hong Kong, Business, Japan, News, Ap, Nation, Tokyo, KOSPI, Nation & World, Australia s S P ASX


Cathay Pacific posts profit after two years of losses, rising airfares aid

Hong Kong's Cathay Pacific Airways Ltd reported a HK$2.35 billion ($299.37 million) annual profit after two years of losses, as it benefited from rising airfares and a turnaround plan designed to lower costs and boost revenue.
Tags: Hong Kong, Money, businessNews, Cathay Pacific, Cathay Pacific Airways Ltd


Q Venture Partners to raise venture-capital fund

Q Venture Partners has set out to raise a venture-capital fund, according to a filing with the SEC. The Hong Kong-based firm did not list a fund target. The filing is here,  
Tags: Hong Kong, Trends, SEC, Funds, Q Venture Partners


Hong Kong businessman seeks leniency in US bribery case

NEW YORK (AP) — Defense attorneys for a prominent Hong Kong businessman are seeking leniency ahead of his sentencing for paying bribes to the presidents of two African nations. Dr. Chi Ping Patrick Ho’s defense team filed court papers Tuesday asking a judge to release him on time served for charges including conspiracy, money laundering […]
Tags: Hong Kong, Business, New York, News, US, Ap, Nation, Nation & World, Chi Ping Patrick Ho


Luckin Coffee chief taps banks for $200 million loan in exchange for IPO role, say sources: Reuters

Chinese startup Luckin Coffee’s chairman is seeking a loan of at least $200 million from banks including Goldman Sachs and Morgan Stanley under a deal that would award them mandates in the firm’s planned U.S. IPO, people with knowledge of the matter said. The coffee chain, which aims to overtake Starbucks in China this year, has already mandated Credit Suisse to lead the initial public offering (IPO), which could take place as soon as May and give it a valuation of about $3 billion, sources told...
Tags: Hong Kong, China, Ipo, Singapore, Trends, IPOs, Beijing, Credit Suisse, Goldman Sachs, Starbucks, Morgan Stanley, Goldman, Unicorn, Reuters, Lu, GIC Pte Ltd


NVIDIA and OpenAI’s capped returns

Editor’s note: Starting as a trial, the Extra Crunch Daily newsletter is going to be delivered Tuesday-Saturday, in order to faithfully analyze the happenings in the startup and financial world Monday-Friday. Open AI’s capped returns OpenAI announced yesterday that they are going to be offering a “capped return” security for investors as part of the for-profit/non-profit split the organization is creating: As mentioned above, economic returns for investors and employees are capped (with the ca...
Tags: Startups, Facebook, Asia, Hong Kong, New York, Hardware, Microsoft, Government, China, Ipo, US, Linkedin, Beijing, Shanghai, Nvidia, Silicon Valley



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