58 h. ago Haitian eyes US$1.22 billion Hong Kong IPO, one of the year’s largest

Foshan Haitian Flavouring and Food Company, the largest listed condiment producer in mainland China, is seeking to raise up to HK$9.56 billion (US$1.22 billion) in Hong Kong, marking one of the city’s largest initial public offerings (IPOs) this year and giving a boost to its status as a world-leading fundraising hub. The company is offering 263.2 million H shares at a maximum price of HK$36.30 each, with the final offer price to be determined on or before June 17, Haitian said in a statement to...

Economics

6 d. ago Step aside Shanghai, Hong Kong is China’s prize financial hub

When Yan Jun was looking around last year for a stock market to raise capital for his Beijing-based traffic-control software company, the engineer and chairman thought he was spoiled for choice. He could sell shares of his 10-year-old company AICT on one of the three mainland exchanges – Beijing, Shanghai and Shenzhen – that together make up the world’s second-biggest capital market, with a combined value of US$10 trillion, according to Bloomberg data. Or he could raise capital offshore by...

Politics

9 d. ago China firm cons parents out of US$51,000 with fake elite brand kids fashion show

A Chinese company has been fined 600,000 yuan (US$83,000) by the government for faking children’s fashion shows and conning 367,000 yuan (US$51,000) out of desperate parents. A Shanghai company had been promoting a series of fashion shows under the name Paris Kids Fashion Week since 2020, according to the mainland media outlet Xinmin Evening News. The company branded the shows part of the world-famous Paris Fashion Week, and used images of famous tourist spots in France, such as The Louvre, on...

Economics

1 week ago Is Labubu the next Hello Kitty? Analysts debate the limits for China’s Pop Mart

Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now some analysts are comparing its success to that of Sanrio and its Hello Kitty property, suggesting that the Beijing toymaker could have created a new playbook for cultural exports. Labubu, a sharp-fanged but cute little monster that is often sold as a plush clip-on charm for handbags, has attracted high-profile fans including the family of football star David...

Politics

1 week ago How Pop Mart turns Labubu into a cultural phenomenon ‘without mentioning China’

Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now some analysts are comparing its success to that of Sanrio and its Hello Kitty property, suggesting that the Beijing toymaker could have created a new playbook for cultural exports. Labubu, a sharp-fanged but cute little monster that is often sold as a plush clip-on charm for handbags, has attracted high-profile fans including the family of football star David...

Politics

1 week ago Is Labubu the next Hello Kitty? Analysts debate Pop Mart’s limits

Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now some analysts are comparing its success to that of Sanrio and its Hello Kitty property, suggesting that the Beijing toymaker could have created a new playbook for cultural exports. Labubu, a sharp-fanged but cute little monster that is often sold as a plush clip-on charm for handbags, has attracted high-profile fans including the family of football star David...

Politics

1 week ago Taiwan man accused of murdering sick mum who died after left in bathroom for days

A man in Taiwan has shocked the internet and sparked heated debate after he left his mother lying in the bathroom for six days following her collapse from a stroke, which ultimately led to her death. The man, surnamed Zheng, 43, from Kaohsiung, Taiwan, had lived with his 66-year-old mother, also surnamed Zheng, for more than two decades. She suffered from emotional disorders and complications following a stroke. Neighbours revealed that despite having fallen multiple times, she frequently...

Events

1 week ago China slams Hegseth speech, accuses US of seeking to use Taiwan issue as 'leverage' against Beijing

China slams Hegseth speech, accuses US of seeking to use Taiwan issue as 'leverage' against Beijing  CNA

Politics

2 w. ago Top Taiwan policymaker accuses China of being provocative, ignoring olive branches

Top Taiwan policymaker accuses China of being provocative, ignoring olive branches  The Edge Malaysia

Events

2 w. ago China accuses Taiwan's ruling party of backing cyberattacks against mainland company

China accuses Taiwan's ruling party of backing cyberattacks against mainland company  Anadolu Ajansı

Events

2 w. ago Mainland China accuses Taiwan of backing cyberattacks on 1,000 sensitive targets

Mainland Chinese authorities have accused a hacker group they allege is backed by Taiwan’s ruling Democratic Progressive Party (DPP) of orchestrating cyberattacks on up to 1,000 sensitive mainland networks, including military, energy and government systems. The claim was made public on Monday by the Guangzhou city police, who said the group used “rudimentary and crude” methods to launch widespread attacks from overseas IP addresses, including from the United States, France and Japan. The city’s...

Events