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  • Alibaba teams up with French grocer to go global

    HONG KONG -- Internet conglomerate Alibaba Group Holding is counting on a French-based food retailer to help expand its underdeveloped grocery business after becoming a major shareholder of China's biggest offline hypermarket chain.The Hangzhou-base

    November 21, 2017 12:45 am JST
  • L'Occitane 'bullish' on China in tough global retail market

    HONG KONG -- L'Occitane International, the French cosmetics and personal-care products company, said it was optimistic on its outlook for mainland China, despite what it called a "challenging" global retail environment."We're still very bullish on C

    November 20, 2017 10:56 pm JST
  • Nikkei Asia300 Index gains as Tencent rises to record

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Monday, as index heavyweight Tencent Holdings hit another record high and Thailand economy's expanded at the fastest pace in more than four years.The Nikkei Asia300 Index added 0.2% to close at

    November 20, 2017 08:55 pm JST
  • Hong Kong stocks recover to set fresh 10-year high

    HONG KONG (Nikkei Markets) -- Hong Kong shares recovered from intraday lows to edge higher on Monday, as Tencent Holdings set a fresh record high.The Hang Seng Index rose 0.2% to end at 29,260.31, the gauge's highest close since December 2007, after

    November 20, 2017 08:43 pm JST
  • Alibaba to buy stake in Chinese hypermarket Sun Art Retail for about $2.9bn

    HONG KONG (Nikkei Markets) -- Chinese e-commerce major Alibaba Group Holding said on Monday it will acquire a 36.16% stake in Sun Art Retail Group for about HK$22.4 billion ($2.88 billion) and form a three-way strategic alliance with France-based Au

    November 20, 2017 04:03 pm JST
  • Hong Kong stocks ease off 10-year high as China equities slide

    HONG KONG (Nikkei Markets) -- Hong Kong shares edged lower in choppy trading on Monday morning, as concerns about rising funding costs in mainland China overshadowed an extended earnings-driven rally by heavyweight Tencent Holdings.The Hang Seng Ind

    November 20, 2017 02:31 pm JST
  • Japanese employees need to be encouraged to report misconduct

    HONG KONG -- Japanese employers should encourage staff not to be subservient and speak up when they see unlawful behavior at work, a crisis management expert said, following recent cases of fraud at some of the country's biggest companies.Kobe Steel

    November 20, 2017 11:00 am JST
  • Mainland flows lifting Hong Kong shares as trading link turns 3

    HONG KONG -- Hong Kong-listed stocks appear to have benefited most from the 3-year-old system of mutual access to equity markets in mainland China, even as the price gap between dual-listed stocks has widened in A-shares' favor.Shares totaling $1.04

    November 18, 2017 02:55 am JST
  • Nikkei Asia300 Index gains on U.S. cues, India rating upgrade

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Friday, supported by positive U.S. cues and upgrade of India's credit rating by Moody's Investors Service.The Nikkei Asia300 Index advanced 0.9% to 1,392.98. For the week, the gauge added 0

    November 17, 2017 08:09 pm JST
  • Hong Kong stocks climb for third week to near 10-year high

    HONG KONG (Nikkei Markets) -- Hong Kong's main stock gauge rose for a third straight week, helped by an earnings-driven rally for heavyweight Tencent Holdings even as a majority of the index's constituents declined.The Hang Seng Index rose 0.6% to 2

    November 17, 2017 07:21 pm JST
  • China ripe for buyout deals as entrepreneurs retire

    HONG KONG -- Foreign private equity investors are finding more local entrepreneurs in China willing to cede majority ownership and control as they struggle to find successors in the family and business competition grows more global, various market l

    November 17, 2017 03:00 pm JST
  • Hong Kong shares rise following US market rally

    HONG KONG (Nikkei Markets) -- Hong Kong stocks advanced with the rest of Asia on Friday following overnight gains on Wall Street, as revived hopes for the passage of a U.S. tax bill cheered markets.The Hang Seng Index had risen 0.8% to 29,250.09 by

    November 17, 2017 02:19 pm JST
  • Tesla sales screech to a halt in Hong Kong

    HONG KONG -- Tesla is skidding in Hong Kong, where city authorities earlier this year slashed tax incentives on purchases of new electric vehicles.The cars were once eligible for full exemptions but now come with a tax break up to only 97,500 Hong K

    November 17, 2017 01:20 pm JST
  • China Huishan Dairy asks lawyers to prepare for provisional liquidation

    HONG KONG (Nikkei Markets) -- China Huishan Dairy Holdings has asked its lawyers to prepare to place the dairy-farm operator into provisional liquidation.The company's board concluded at a meeting on Nov. 15 that the combined net liabilities at its

    November 17, 2017 11:42 am JST
  • Nikkei Asia300 Index gains as Tencent rises after earnings

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Thursday, as Tencent Holdings paced a rally in technology shares after upbeat third-quarter earnings.The Nikkei Asia300 Index rose 0.8% to 1,380.25.Index heavyweight Tencent advanced 2.3% a

    November 16, 2017 08:28 pm JST
  • Hong Kong shares rebound as Tencent hits record on strong results

    HONG KONG (Nikkei Markets) -- Hong Kong stocks rose for the first time in three days on Thursday, with Tencent Holdings advancing after it reported better-than-expected earnings.The Hang Seng Index edged up 0.7% to 29,064.42. Tencent, the most valua

    November 16, 2017 07:58 pm JST
  • Market value of Hong Kong developer Wharf shrivels after asset spin-off

    HONG KONG -- Hong Kong conglomerate Wharf Holdings saw its share price slump more than 60% on Thursday after the spin-off of a majority of its net assets into a separate listing."It is not a surprise at all to the market," said Alfred Lau, a propert

    November 16, 2017 03:50 pm JST
  • Hong Kong shares rise after Tencent earnings beat estimates

    HONG KONG (Nikkei Markets) -- Hong Kong stocks rose on Thursday, spurred by gains for Tencent Holdings after the social-media and gaming company reported third-quarter earnings that surpassed expectations.By midday, the Hang Seng Index had risen 0.5

    November 16, 2017 02:52 pm JST
  • Tencent-backed Yixin Group shares open up 30% from IPO price

    HONG KONG (Nikkei Markets) -- Shares of Yixin Group began trading at HK$10 ($1.28) on Thursday, a 30% jump from its initial public offering at HK$7.70, after the Chinese online automobile transaction platform raised about HK$6.77 billion ($867.5 mil

    November 16, 2017 11:05 am JST
  • Hong Kong legislators back controversial China checkpoint plan

    HONG KONG -- Lawmakers gave the green light to the Hong Kong government's plan to set up a joint rail immigration checkpoint with China in the heart of the financial hub, moving a step closer to allowing mainland officers to enforce national laws in

    November 15, 2017 11:44 pm JST