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Hong Kong teen activist arrested near US consulate

A young Hong Kong activist who was among the first arrested under Beijing's new national security law was detained on Tuesday close to the US consulate, police and local media said.
Tags: Hong Kong, News, US, Beijing


Hong Kong activist detained attempting to seek asylum at US consulate

Tony Chung, 19, was on bail on suspected national security offences when he was reportedly ‘snatched away’Tony Chung, a 19-year-old Hong Kong activist on bail after his arrest on suspected national security offences, has been detained by authorities while attempting to seek asylum at the US consulate.Two other members of Chung’s now-disbanded activism group, Yanni Ho and William Chan, were also arrested later on Tuesday. Continue reading...
Tags: Hong Kong, China, US, World news, Asia Pacific, Chung, Tony Chung, William Chan, away'Tony Chung, Yanni Ho


Jack Ma is set become the world's 11th-richest person on Ant Group's IPO, leapfrogging heirs to L'Oreal and Walmart with his $71.1 billion fortune

Wang HE/Getty Images Alibaba Group co-founder Jack Ma is set to become the 11th-richest person in the world. Alibaba's financial services company Ant Group plans to go public in November. Based on share pricing for the IPO, Ma's fortune will jump to $71.1 billion, moving him up six places on Bloomberg's Billionaires Index. This will make him richer than Oracle's Larry Ellison, L'Oreal heiress Francoise Bettencourt Meyers, and three individual members of the Walmart-owning Walton family. M...
Tags: Asia, Hong Kong, China, Trends, Walmart, Bloomberg, Billionaires, Larry Ellison, Shanghai, Alibaba, Tencent, Dell, Alibaba Group, Jack Ma, Oracle, Walton


Former leader of student group advocating for Hong Kong Independence arrested near US consulate

Tony Chung, a former leader of a student group that called for Hong Kong independence, was arrested on Tuesday morning by members of the...
Tags: Hong Kong, US, Tony Chung, Hong Kong Independence


Hong Kong activist detained while attempting to seek asylum at US consulate

Tony Chung, 19, was on bail on suspected national security law offences when he was reportedly ‘snatched away’Tony Chung, a 19-year-old Hong Kong activist on bail after his arrest on suspected national security offences, has been detained by authorities while attempting to seek asylum at the US consulate.According to the UK-based group, Friends of Hong Kong, Chung had gone to the US consulate in Hong Kong at 8.10am on Tuesday but it was closed for another 20 minutes. He called the organisation f...
Tags: Hong Kong, UK, China, US, World news, Asia Pacific, Tony Chung, away'Tony Chung, Friends of Hong Kong Chung


10 things in tech you need to know today

Jack Ma in China in 2019. Wang HE/Getty Images Good morning! This is the tech news you need to know this Tuesday. Sign up here to get this email in your inbox every morning.Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings.Ant Financial is going public. Ant Group, led by Chinese billionaire Jack Ma, will raise $34.5 billion in a dual public offering in Shanghai and Hong Kong, per CNBC.Facebook is getting into cloud gaming. Th...
Tags: Apple, Facebook, Hong Kong, Microsoft, China, Trends, Shanghai, Jack Ma, Nordic, Google Facebook, Apple Facebook, Amazon Alexa, ActionAid, Tech Insider, CNBC Facebook, Verkada


Ant Group closes Hong Kong book early due to strong demand for its record dual IPO

Ant Group will close its Hong Kong institutional book building process a day earlier than expected due to strong demand for its record...
Tags: Hong Kong, Ant Group


Jack Ma’s Ant Plans Early Book Close for Hong Kong IPO

(Bloomberg) -- Jack Ma’s Ant Group Co. is planning to stop taking investor orders for the Hong Kong leg of its initial public offering a...
Tags: Hong Kong, Jack Ma, Bloomberg Jack Ma 's Ant Group Co


Daily Crunch: Facebook launches cloud gaming service

Facebook gets into cloud gaming while continuing its public dispute with Apple, Ant Group prepares for a massive IPO and Pinterest embraces iOS widgets. This is your Daily Crunch for October 26, 2020. The big story: Facebook launches cloud gaming service Facebook is launching a cloud gaming service of its very own, although the focus is different from Google’s Stadia or Microsoft’s xCloud. Rather than trying to recreate the console experience on other devices, the social network’s gaming serv...
Tags: Apple, Google, Social, Gaming, Facebook, Lyft, Uber, Hong Kong, Pinterest, Microsoft, Ipo, Tech, Nasa, Shanghai, Alibaba, Selena Gomez


Dow plunges 650 points as record COVID-19 spike and lack of stimulus trouble investors

Lucas Jackson/Reuters US stocks fell sharply on Monday as investors weighed both a lack of progress on fiscal stimulus negotiations and a record number of daily COVID-19 cases.While House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin continued relief-package talks today, there are diminishing expectations that a deal will be ironed out before next week's presidential election.US daily coronavirus cases surpassed 80,000 on both Friday and Saturday amid reports that five people ...
Tags: Hong Kong, Finance, White House, China, Oil, US, Trends, Gold, Markets, Oil Prices, Taiwan, House, Shanghai, Treasury, Libya, Trading


Jack Ma's Ant set for world's biggest share offering at £26bn

Financial technology firm will list on Shanghai and Hong Kong stock markets in snub to USChinese billionaire Jack Ma’s financial technology firm is aiming to raise more than $34bn (£26.15bn) in the world’s biggest initial public offering, valuing the business at more than $313bn.Ant Group, which on Monday set the price for its much anticipated flotation and is expected to start trading early next month, will beat the record $25.6bn sold by state-backed oil giant Saudi Aramco in . Continue readi...
Tags: Hong Kong, Business, China, IPOs, World news, US news, Stock Markets, Asia Pacific, Shanghai, Alibaba, Jack Ma, 313bn Ant Group


Jack Ma's Ant set for world's biggest flotation at £26bn

Financial technology firm will list on Shanghai and Hong Kong stock markets in snub to USChinese billionaire Jack Ma’s financial technology firm is aiming to raise more than $34bn (£26.15bn) in the world’s biggest initial public offering, valuing the business at more than $313bn.Ant Group, which on Monday set the price for its much-anticipated flotation and is expected to start trading early next month, will beat the record $25.6bn sold by state-backed oil giant Saudi Aramco in . Continue readi...
Tags: Hong Kong, Business, China, IPOs, World news, US news, Stock Markets, Asia Pacific, Shanghai, Alibaba, Jack Ma, 313bn Ant Group


Dow tumbles 800 points as COVID-19 cases hit record and stimulus hopes fade

Getty Images / Xinhua News Agency US stocks fell on Monday as daily COVID-19 cases hit a record and a stimulus deal appeared increasingly unlikely before the presidential election next week.US daily coronavirus cases surpassed 80,000 on both Friday and Saturday amid reports that five people in Vice President Mike Pence's inner circle had tested positive for the virus.The White House advisor Larry Kudlow told CNBC on Monday that stimulus talks "have slowed down, but they're not ending."Wat...
Tags: Hong Kong, Finance, White House, Oil, US, Trends, Gold, Markets, Oil Prices, Shanghai, Trading, Stocks, Gold prices, Stock Market, Nasdaq, Goldman


Jack Ma reportedly dismissed global banking rules as being enforced by 'an old people's club' as his fintech giant Ant Group gears up for its IPO this month

Jack Ma on May 16, 2019 in Paris, France. Chesnot/Getty Images Chinese billionaire founder Jack Ma said the lawmakers that enforce global financial regulations are like "an old people's club" and the existing rules aren't well-suited for Chinese tech innovation. "We can't use yesterday's methods to regulate the future," Ma said at a Shanghai conference according to The Financial Times. The comment comes as Ma's fintech firm, Ant Group, gears up for a monster IPO in China, with a reported v...
Tags: Hong Kong, China, Trends, Paypal, Paris, Shanghai, Alibaba, Goldman Sachs, Alipay, Jack Ma, Financial Times, Reuters, Ma, Tech Insider, Katie Canales, Ant Group


Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO

The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges. Shares for the company formerly known as Ant Financial are expected to price at around HK$80, or roughly 68 to 69 Chinese Yuan. The company is selling around 134 million shares in the Hong Kong portion of its debut, worth around $17.25 billion American dollars at HK$80 apiece. Given that the share sale is expected t...
Tags: Travel, Fundings & Exits, Startups, Asia, Hong Kong, New York, Finance, Ipo, United States, New York Times, Shanghai, Alibaba, Tencent, Square, Alipay, New York Stock Exchange


Hong Kong: Asian Legal Business Conversations: Hong Kong Managing Partner Cameron Adderley - Appleby

Cameron Adderley is the Managing Partner of the Hong Kong office and Global Practice Group Head of Corporate across the Appleby Group, which he joined in 2001.
Tags: Hong Kong, News, Cameron Adderley Appleby, Cameron Adderley, Global Practice Group, Appleby Group


Dow tumbles 700 points as COVID-19 cases hit record and stimulus hopes fade

Getty Images / Xinhua News Agency US stocks fell on Monday as daily COVID-19 cases hit a record and a stimulus deal appeared increasingly unlikely before the presidential election next week.US daily coronavirus cases surpassed 80,000 on both Friday and Saturday amid reports that five people in Vice President Mike Pence's inner circle had tested positive for the virus.The White House advisor Larry Kudlow told CNBC on Monday that stimulus talks "have slowed down, but they're not ending."Watc...
Tags: Hong Kong, Finance, White House, Oil, US, Trends, Gold, Markets, Oil Prices, Shanghai, Trading, Stocks, Gold prices, Stock Market, Nasdaq, Goldman


Dow tumbles 423 points as COVID-19 cases hit record and stimulus hopes fade

Getty Images / Xinhua News Agency US stocks fell on Monday as daily COVID-19 cases hit a record and a stimulus deal appeared increasingly unlikely before the presidential election next week.US daily coronavirus cases surpassed 80,000 on both Friday and Saturday amid reports that five people in Vice President Mike Pence's inner circle had tested positive for the virus.The White House advisor Larry Kudlow told CNBC on Monday that stimulus talks "have slowed down, but they're not ending."Watc...
Tags: Hong Kong, Finance, White House, Oil, US, Trends, Gold, Markets, Oil Prices, Shanghai, Trading, Stocks, Gold prices, Stock Market, Nasdaq, Goldman


Shang-Chi and the Legend of the Ten Rings Wraps Filming!

Filming Wraps on Shang-Chi and the Legends of the Ten Rings After experiencing temporary production delays due to the ongoing pandemic, director Destin Daniel Cretton and lead star Simu Liu took to Instagram to officially announce that filming has finally wrapped on Marvel Studios’ Shang-Chi and the Legend of the Ten Rings. The highly-anticipated MCU film was previously scheduled for a May 2021 release, but has now been pushed back to debut on July 9, 2021. Liu also went on to celebrate the ...
Tags: Facebook, Hong Kong, Hollywood, Movies, Instagram, Kung Fu, New York City, Marvel, Chris Hemsworth, Thor, Marvel Studios, Michelle Yeoh, Marvel Cinematic Universe, Golden Globe, David Carradine, Liu


Jack Ma's Ant Group aims to raise $34.5 billion in largest IPO of all time

Ant Group logo is pictured at the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China September 14, 2020. Aly Song/Reuters Ant Group will raise $34.5 billion through a dual initial public offering in November, making it the biggest-ever IPO.The financial services giant aims to evenly split its 1.67 billion-share debut across the Hong Kong and Shanghai exchanges.Shar...
Tags: Hong Kong, US, Trends, Markets, IPOs, Shanghai, Alibaba, Alipay, Ant Financial, Jack Ma, Initial Public Offering, Ant, Financial Technology, Saudi Aramco, Jpmorgan, Initial Public Offerings


Largest IPO in history: Alibaba-affiliated Ant Group seeks to raise $35 billion

China’s Ant Group, which operates the Alipay digital wallet in China, will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history.
Tags: Hong Kong, China, Shanghai, Alibaba, Alipay, Ant Group


Dow tumbles 423 points amid record COVID-19 cases and fading stimulus hopes

Getty Images / Xinhua News Agency US stocks fell on Monday amid a record surge in daily COVID-19 cases and an elusive stimulus deal that looks decreasingly likely to be struck prior to the upcoming presidential election.US daily virus cases surpassed 80,000 on Friday and Saturday, representing new records.The surge in COVID-19 cases comes amid reports that five people within Vice President Mike Pence's inner circle tested positive.While a fiscal stimulus deal has yet to be reached, White H...
Tags: Hong Kong, Finance, White House, Oil, US, Trends, Gold, Markets, Oil Prices, Shanghai, Trading, Stocks, Gold prices, Stock Market, Nasdaq, Goldman


This IPO is a measure of China's growing strength

When Ant Group prices its IPO in Shanghai and Hong Kong this week, it could set a new world record for a stock market listing. But it will also ram home a much bigger point.
Tags: Hong Kong, China, Ipo, Cnn, Shanghai, Ant Group


Hundreds march in Taiwan to support 12 arrested Hong Kongers

Hundreds of people marched in Taiwan's capital on Sunday to demand the release of 12 Hong Kong anti-government protesters who were arrested by mainland Chinese authorities in August. The 12 were allegedly traveling illegally by boat to Taiwan when Chinese authorities detained them. Prominent Hong Kong activists Joshua Wong and Nathan Law helped launch the campaign on social media.
Tags: Hong Kong, News, Taiwan, Nathan Law, Joshua Wong


Hundreds rally in Taiwan, call for release of 12 Hong Kong people arrested by China

Hundreds of people rallied in Taiwan's capital on Sunday to call for China to release 12 Hong Kong people arrested at sea by mainland...
Tags: Hong Kong, China, Taiwan


Fighting tyranny with milk tea: the young rebels joining forces in Asia

Activists in Hong Kong, Taiwan and Thailand have formed a novel international alliance to defy authoritarian ruleThe language, the demands and the backdrop were different, but the protests across central Bangkok last week would have looked familiar to anyone who followed the mass demonstrations that roiled Hong Kong for a year from June 2019.Crowds of young protesters, dressed in black and wearing hard hats, poured through the streets to locations announced at the last minute on social media. As...
Tags: Asia, Hong Kong, Activism, Protest, Social Media, World news, Taiwan, Thailand, Asia Pacific, Bangkok, Hong Kong Taiwan


Hong Kong: Cyber Fraud And Recovery In Hong Kong - Hill Dickinson

Since the outbreak of the COVID-19, there has been a drastic increase in cyber fraud cases involving email wire fraud scams and phone scams around the world.
Tags: Hong Kong, News, Hill Dickinson


Cries for more stimulus are overblown and stock investors should stop throwing ‘tantrums’ about it, says a Wall Street chief strategist

Getty/Brendon Hoffman Calls for another round of stimulus are overblown, and investors should simply stay the course for historically strong gains, James Paulsen, chief investment strategist at The Leuthold Group, said Thursday."Regular temper-tantrums on Wall Street" have convinced investors that failure to pass a near-term bill will tank stocks, but many are ignoring the massive stimulus already passed, he added.The policy response to COVID-19's economic fallout dwarfs those used in the ...
Tags: Hong Kong, Wall Street, US, Trends, Treasury, Federal Reserve, Biden, Donald Trump, Fed, Sachs, Jerome Powell, Paulsen, The Leuthold Group, Ben Winck, James Paulsen, Leuthold Group Read


Current Obsessions: Up North

Above: A glimpse of Dark Horse Coffee Automat in Toronto, Designed by Mjölk. Of note this weekend: “I could watch this all day long,” writes Fan of this puzzle-like Hong Kong apartment with clever hidden storage. Looking for something new to do? Margot reports that the Harvard Graduate School of Design is offering their fall lectures and conferences virtually via Zoom (and personally is interested in “American Cultural Landscapes: Black Roots and Treasures,” among others). Take a look at the f...
Tags: Hong Kong, Books, Toronto, Mexico City, Portland, Hollister, Harvard Graduate School Of Design, Brooklyn Heights, Joseph, Margot, West 8th Street, Design News, Current Obsessions, Foxfire Mountain House, Evangeline Linens, Salter House


US Navy F/A-18s would 'destroy' China's J-15 carrier fighters in air-to-air combat today, but the future could be a different story

F/A-18E Super Hornets US Navy photo by Chief Mass Communication Specialist Shannon Renfroe China's carrier-based J-15 fighter jets have some advantages over the US Navy's F/A-18s in air-to-air combat, but the limitations of China's existing carriers negate them. "If you're talking about the J-15 going up against the F/A-18 at sea, then the F/A-18 is going to destroy the J-15," a defense expert told Insider. But the new carrier that China is building could give the J-15 the opportunity to l...
Tags: Hong Kong, Technology, Navy, China, Russia, US, International, America, Trends, Ukraine, Aircraft Carrier, Ford, Pentagon, Air Force, US Navy, PLA