BRIEF: Taobao launches $7 billion subsidy in instant retail wars
E-commerce giant Alibaba (BABA.US; 9988.HK) announced on Wednesday that its Taobao Flash Sale instant retail platform has launched a 50 billion yuan ($6.97 billion) subsidy program that will run for…
BRIEF: Cloudbreak tumbles in Hong Kong trading debut
Ophthalmic biotech company Cloudbreak Pharma Inc. (2592.HK) opened down 6% in its Hong Kong trading debut on Wednesday, and continued to fall during the morning session to close down 30% at HK$7.04…
BRIEF: China Hanking’s Australian gold business disposal collapses
Iron ore producer China Hanking Holdings Ltd. (3788.HK) announced on Wednesday that the planned sale of its Primary Gold Australian subsidiary to Inner Mongolia Huineng Coal and Electricity Group has…
INDUSTRY BRIEF: Macao’s June gaming revenue jumps nearly 20%
Macao’s gross gaming revenue totaled 21.06 billion patacas ($2.6 billion) in June, up 19% year-on-year though slipping 0.6% from May, the city’s Gaming Inspection and Coordination Bureau said on Tuesday.…
BRIEF: Tam Jai privatization overwhelmingly approved by shareholders
Hong Kong rice noodle chain Tam Jai International Co. Ltd. (2217.HK) announcedon Monday that its privatization plan was approved by an overwhelming majority of its shareholders. Following that development, the…
BRIEF: Zijin Mining files to separately list international gold unit
Zijin Mining Group Co. Ltd. (2899.HK) said that its international gold mining unit submitted an application to the Hong Kong Stock Exchange on Monday for a separate listing. It added…