HongShan Capital Group, formerly known as Sequoia Capital China, is setting up a London office to look for investment opportunities in Europe https://t.co/Fa5lk6Rsqp via @markets
"Rates coming down will help as more deals get done. @blackstone's Gray uses the size of his bag when he goes home on the weekends as an indicator (of deals in the pipeline) — he’s carrying 2 bags now vs. one." Joe Dowling via @NatalieOnLoop@pensionsnews https://t.co/Ud6z3TII4A
#BREAKING Former chief editor of now-shuttered online news platform #StandNews Chung Pui-kuen is sentenced to 21 months in jail and Patrick Lam is given a sentence that will allow him to walk free over conviction of “conspiracy to publish seditious publications”.
Despite the AI-led market rout earlier this month, fund managers say there still are AI companies with structural growth potential, particularly in Asia.
#AI#investing#asia
https://t.co/lEskbtlrJg
Tencent and Alibaba now together back almost all of China's LLM startups. You don't see this kind of funding frenzy since, ugh, bike-sharing days. https://t.co/JReFN4aZgW
#NOW Selina Cheng @selina_cheng was fired this morning by @WSJ , weeks after she refused to withdraw from her newly-elected chairmanship and renewed ex-com membership of @HKJA_Official despite demands from the Journal’s senior editors and her supervisor in the UK.
Bridgewater Associates is planning to raise performance fees for its onshore funds in China after solid returns lured more assets, overcoming turmoil in the country’s 5.2 trillion yuan ($715 billion) hedge fund industry. https://t.co/HeFg64faY3 via @markets
Hong Kong's property market has lost $270 billion in value in the last five years, the longest downturn since SARS. Homeowners are now increasingly contemplating what once was unthinkable — selling at a loss https://t.co/pfZGLntNbY via @wealth@krystalchia@cfb_18
It's #HongKong's biggest national security case.
In Jan 2021, 47 pro-democracy figures were arrested for staging a primary vote. They're accused of subversion, a serious NSL crime punishable by up to life in prison.
Today, the court declared 14 of the 16 accused *guilty*.
British insurer Prudential PLC has shut down Pulse Wealth, its Hong Kong wealth management unit, as it “aligns” its wealth strategy, a spokesperson confirmed.
https://t.co/a4P05BlmQS