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Hong Kong shares jump after Trump tweets on China’s ZTE

May 14, 2018 washingtonpost Leave a Comment

Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Business A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, May 14, 2018. Asian shares were mostly higher Monday, with Hong Kong shares surging after President Donald Trump said he wanted to help a sanctioned Chinese tech giant, signaling a possible improvement in U.S.-China relations. (Vincent Yu/Associated Press) by Kelvin Chan | AP by Kelvin Chan | AP May 14 at 2:23 AM HONG KONG — Asian shares were mostly higher Monday, with Hong Kong shares surging after President Donald Trump said he wanted to help a sanctioned Chinese tech … [Read more...] about Hong Kong shares jump after Trump tweets on China’s ZTE

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Inside the most expensive part of the world’s most expensive city, the Hong Kong billionaire enclave where Alibaba founder Jack Ma may have bought a $191 million mansion

April 8, 2018 robert Leave a Comment

Harrison Jacobs, provided by Published 11:36 am, Sunday, April 8, 2018 Harrison Jacobs/Business Insider Hong Kong's most expensive neighborhood is The Peak. The Peak is a gorgeous, secluded neighborhood that overlooks Hong Kong and is home to bankers, expatriates, business magnates, celebrities, and millionaires and billionaires. Jack Ma, the Chinese billionaire who founded Alibaba, is said to have purchased a $191 million mansion in the neighborhood in 2015, but it has never been confirmed. Every city has that neighborhood — an address that signifies wealth. New York City has Fifth Avenue, London has Kensington, and Miami has South Beach. Recommended Video: Now Playing: Founder of the Alibaba Group, Jack Ma, gave their encouragement to the participants at the 2017 Jumpstarter Grand Finale in Hong Kong, Tuesday. Jumpstarter Grand Finale is a pitching event for start-up companies in Hong Kong, which offers the best teams an opportunity to kick start their … [Read more...] about Inside the most expensive part of the world’s most expensive city, the Hong Kong billionaire enclave where Alibaba founder Jack Ma may have bought a $191 million mansion

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I stayed at Hong Kong’s first ‘capsule hotel’ to see what it’s like to live in micro — and the experience was a nightmare

April 8, 2018 robert Leave a Comment

source Harrison Jacobs/Business Insider SLEEEP is Hong Kong’s first capsule hotel, a concept invented in Japan in the late 1970s that aims to provide cheap, convenient “sleeping pods” for travelers who do not require the services of a full hotel. I stayed at SLEEEP on a recent business trip to Hong Kong. SLEEEP is ideally located and well-designed aesthetically, but its capsules get hot quickly and do not block out sound, making for a poor night of sleep. It sounds great on paper – a budget hotel completely designed around getting you the best night of sleep. That’s the idea behind SLEEEP, Hong Kong’s first capsule hotel. The reality, however, isn’t quite so relaxing. Located in Sheung Wan, a neighborhood on Hong Kong island near the main business district, SLEEEP caters to solo tourists, overworked Hong Kongers, and harried business travelers … [Read more...] about I stayed at Hong Kong’s first ‘capsule hotel’ to see what it’s like to live in micro — and the experience was a nightmare

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Inside the most expensive part of the world’s most expensive city, the Hong Kong billionaire enclave where Alibaba founder Jack Ma reportedly bought a $191 million mansion

April 6, 2018 robert Leave a Comment

caption You need an incredible amount of money to live in the Peak. source Harrison Jacobs/Business Insider Hong Kong‘s most expensive neighborhood is the Peak. The Peak is a gorgeous, secluded neighborhood that overlooks Hong Kong and is home to bankers, expatriates, Hong Kong business magnates and celebrities, and Chinese millionaires and billionaires. Alibaba founder and Chinese billionaire Jack Ma is reported to have purchased a $191 million mansion in the neighborhood, but it has never been confirmed. Every city has that neighborhood, an address that simply signifies wealth. New York City has Fifth Avenue, London has Kensington, and Miami has South Beach. Hong Kong has the Peak – short for Victoria Peak – a neighborhood that has been synonymous with wealth, luxury, and exclusivity since the colonial era. As the least affordable city in the world for eight … [Read more...] about Inside the most expensive part of the world’s most expensive city, the Hong Kong billionaire enclave where Alibaba founder Jack Ma reportedly bought a $191 million mansion

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Hong Kong fund says Toshiba chip unit worth more than $30 billion

April 5, 2018 robert Leave a Comment

TOKYO (Reuters) - A Hong Kong-based activist investment fund opposed to Toshiba Corp’s (6502.T) sale of its chip unit to a Bain Capital-led group said the deal should be renegotiated at a valuation of 3.3 trillion yen to 4.4 trillion yen ($30 billion-$41 billion). FILE PHOTO - The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato/File Photo Argyle Street Management said on Friday that the current deal, which values the unit at 2 trillion yen, was agreed upon when Toshiba was desperate for cash. Toshiba is no longer insolvent, and was free to terminate the deal without incurring any penalty because the sale had not closed by a March 31 deadline, it said. Toshiba should aim to list the unit if the Bain group will not agree to a higher price, it added. Reporting by Makiko Yamazaki; Writing by Ritsuko Ando; Editing by Edwina Gibbs … [Read more...] about Hong Kong fund says Toshiba chip unit worth more than $30 billion

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