5 d. ago Chip designer GigaDevice surges 45% in Hong Kong debut amid China’s self

Mainland chip designer GigaDevice Semiconductor jumped more than 45 per cent on its first trading day in Hong Kong on Tuesday, as the Beijing-based firm’s debut catered to investor appetite for tech companies amid China’s push for self-reliance. The firm’s shares started trading at HK$235, versus the offer price of HK$162. Its shares closed between HK$224.20 and HK$226.80 on the grey market on Monday evening, helping some investors cash in gains of about 40 per cent before the official debut,...

Politics

5 d. ago Chip designer GigaDevice jumps 37% in Hong Kong debut amid China’s self

Mainland chip designer GigaDevice Semiconductor jumped more than 37 per cent on its first trading day in Hong Kong on Tuesday, as the Beijing-based firm’s debut catered to investor appetite for tech companies amid China’s push for self-reliance. The firm’s shares surged 45 per cent to HK$235 at the start of trading, versus the offer price of HK$162, before ending the day up 37.5 per cent at HK$222.80. The close valued the company at around HK$155.2 billion (US$19.9 billion). Its Shanghai-listed...

Politics

6 d. ago Chinese semiconductor firm OmniVision jumps 16.2% in Hong Kong trading debut

Chinese semiconductor firm OmniVision jumps 16.2% in Hong Kong trading debut  Reuters

Politics

6 d. ago Financial firm Ares doubles Hong Kong office footprint as real estate outlook improves

Ares Management, one of Asia’s largest alternative investment managers, is doubling its real estate footprint in Hong Kong, a move that aligns with a broader expansion by financial firms and demand for office space in the core Central business district. The Los Angeles-based asset manager would add about 12,500 sq ft of space in Gloucester Tower, where it has been a tenant since 2017, according to a statement from the landlord Hongkong Land on Monday. The new lease will be effective in...

Economics

6 d. ago Chinese semiconductor firm OmniVision climbs 6.7% in Hong Kong trading debut

Chinese semiconductor firm OmniVision climbs 6.7% in Hong Kong trading debut  Reuters

Politics

7 d. ago Hong Kong firm, Saudi partner aim to build 30,000 modular flats a year in Middle East

A Hong Kong-based modular construction leader is expanding into the Middle East, becoming the first such manufacturer from the city to set up a factory in Saudi Arabia, with plans to produce 30,000 prefabricated flats a year as early as 2027 to meet rising demand, the Post has learned. The expansion by AluHouse is being fuelled by large-scale transformation under Saudi Arabia’s Vision 2030, a plan to aggressively modernise the kingdom and diversify its economy beyond oil. Founded in 2014,...

Politics

2 w. ago Hong Kong firm sanctioned by US in Venezuela crackdown found to use bogus address

A Hong Kong-based company sanctioned by the United States for alleged links to Venezuelan oil exports registered a fictitious address in the city, the Post has found, leaving a namesake eyewear firm anxious about repercussions. The Trump administration stepped up its pressure campaign against Venezuela’s oil exports earlier this week by sanctioning four companies based in Hong Kong and mainland China, accusing them of ties to the Venezuelan oil sector and evading restrictions. The US Department...

Politics

2 w. ago Chinese AI firm MiniMax, others launch Hong Kong IPOs in year

Chinese AI firm MiniMax, others launch Hong Kong IPOs in year-end rush  Reuters

Economics

2 w. ago China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for drug discovery

Biotech firm Insilico Medicine, backed by the Hong Kong Investment Corporation (HKIC), is building a “digital Einstein” to revolutionise how scientists discover new medicines, and plans to continue expanding its research base in China to stay ahead of global rivals after its Hong Kong listing on Tuesday. “Biotechnology is a high-risk field like a ‘molecular casino’,” said founder Alex Zhavoronkov. “Even with artificial intelligence, you can lose 90 per cent of the time.” The 11-year-old company...

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