US-listed Chinese microblogging platform Weibo is seeking to raise up to $547 million in a share offer in Hong Kong, documents showed Monday, the latest China tech company to list closer to home as tensions with the United States rise.
Listing in Hong Kong is seen as a hedge against the risk of being removed from US exchanges and a way of accessing an investor base closer to their home markets.On Monday, Nasdaq-listed Weibo — China’s answer to Twitter — said in a filing that it plans to sell 11 million shares for as much as HK$388 each.Weibo, which launched in 2009 and is among the earliest social media platforms in China, had 566 million monthly active users as of June, it said in a filing.
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Shuttered Hong Kong democracy paper wins press freedom awardJailed Hong Kong media tycoon Jimmy Lai and the staff of his now-shuttered Apple Daily newspaper have been awarded a prestigious press freedom prize by the World Association of News Publishers. Politicized move!
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Hong Kong quarantine pushes Cathay pilots to 'breaking point'HONG KONG — Cathay Pacific has been hit by a wave of pilot resignations in recent weeks as resentment over Hong Kong's strict quarantine regime boils over and crew scramble for emerging opportunities overseas.
Source: TODAYonline - 🏆 1. / 99 Read more »
Hong Kong quarantine pushes Cathay pilots to 'breaking point'Cathay Pacific has been hit by a wave of pilot resignations in recent weeks as resentment over Hong Kong's strict quarantine regime boils over and crew scramble for emerging opportunities overseas.
Source: YahooSG - 🏆 3. / 71 Read more »