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  • As China's entrepreneurs retire, foreign companies hunt for buyouts

    HONG KONG Foreign private equity investors are finding that more local entrepreneurs in China are willing to cede majority ownership as they struggle to find successors in the family and as competition grows more global, various market leaders say.B

    November 23, 2017 10:00 am JST
  • The 3-year-old Stock Connect is buoying Hong Kong shares

    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 tr

    November 23, 2017 10:00 am JST
  • Mainland Chinese names drive Hang Seng's return to 30,000

    HONG KONG -- The Hang Seng Index here topped 30,000 for the first time in a decade Wednesday amid a sea change in the market bringing mainland Chinese companies to the fore and leaving many big Hong Kong names behind.The Hong Kong benchmark ended th

    November 23, 2017 03:54 am JST
  • Wall Street rally leads Nikkei Asia300 Index higher

    NEW DELHI (NewsRise) -- Asian stocks outside of Japan rose on Wednesday after all three major U.S. indexes scaled record highs overnight. Regional energy producers advanced as global crude prices headed for a second day higher.The Nikkei Asia300 Ind

    November 22, 2017 08:15 pm JST
  • Hong Kong stock index ends above 30,000 for first time in decade

    HONG KONG (Nikkei Markets) -- Hong Kong shares rose for a fifth straight day on Wednesday, sending the Hang Seng Index to a close above 30,000 for the first time in 10 years, as banks rallied on upbeat signals from China and the U.S.The 50-stock gau

    November 22, 2017 08:04 pm JST
  • Alibaba 'almost destroyed' in early days, says Jack Ma

    HONG KONG -- Jack Ma Yun, founder and chairman of Alibaba Group Holding, one of China's most successful startups, said that his company was "almost destroyed" in its early days due to hiring senior executives from established companies.Startups shou

    November 22, 2017 05:49 pm JST
  • Hang Seng Index breaches 30,000 after Wall Street hits highs

    HONG KONG (Nikkei Markets) -- Hong Kong shares headed for fresh 10-year highs in heavy trading on Wednesday, as investors bought into mainland financial heavyweights after all three major U.S. indexes scaled record highs overnight.By noon, the Hang

    November 22, 2017 02:59 pm JST
  • Chow Tai Fook: To open net 35-45 jewelry stores in China in fiscal second-half

    HONG KONG (Nikkei Markets) -- Chow Tai Fook Jewellery Group, the Hong Kong-based jewelry group, said it will open a net 35 to 45 points of sale for jewelry in mainland China during the fiscal second-half ending on March 31.The company plans to open

    November 21, 2017 10:20 pm JST
  • Nikkei Asia300 Index gains as Tencent, China insurers rally

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Tuesday, as index heavyweight Tencent Holdings' market capitalization crossed $500 billion. Chinese insurers rallied.The Nikkei Asia300 Index rose 1.1% to 1,411.97.Hong Kong-listed Chinese

    November 21, 2017 08:56 pm JST
  • Hong Kong shares close at highest level in more than 10 years

    HONG KONG (Nikkei Markets) -- Hong Kong stocks jumped on Tuesday to send the benchmark Hang Seng Index to its highest close in more than 10 years, with heavyweights Tencent Holdings, AIA Group and Ping An Insurance Group powering the advance.The Han

    November 21, 2017 08:16 pm JST
  • US arrests ex-Hong Kong official in Africa bribery scheme

    HONG KONG -- The U.S. Department of Justice has arrested a former Hong Kong government official and Senegal's ex-foreign minister over a corruption plot hatched by a mainland Chinese company.Hong Kong's Patrick Ho Chi-ping, 68, and Senegalese Cheikh

    November 21, 2017 07:18 pm JST
  • Hong Kong, Singapore are Asian stars in IMD talent ranking

    TOKYO -- Hong Kong and Singapore were the top two finishers in Asia in this year's IMD World Talent Ranking, bright spots in otherwise mediocre results for the region.The list, compiled by IMD, a Switzerland-based business school, aims to measure th

    November 21, 2017 03:47 pm JST
  • Tencent boosts Hong Kong shares ahead of mobile-game launch

    HONG KONG (Nikkei Markets) -- Hong Kong stocks headed for new 10-year highs on Tuesday, propped up by Tencent Holdings amid optimism over a new mobile game and advances for Ping An Insurance Group on plans to spin off its online financing platform.T

    November 21, 2017 02:43 pm JST
  • US charges two with bribing African officials for China energy firm

    WASHINGTON (Reuters) -- The United States has charged a former Senegalese foreign minister and a Hong Kong man with bribing high-level officials in Chad and Uganda in exchange for contracts for a Chinese oil and gas company, the U.S. Justice Departm

    November 21, 2017 10:02 am JST
  • UBS looking to expand wealth management services for women

    TOKYO -- Switzerland's UBS will bolster asset management services for female clients in Asia to tap the increasing number of women becoming wealthy through entrepreneurship, earning power and inheritance.An office dedicated to the project will be se

    November 21, 2017 06:29 am JST
  • 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