Tokyo Lifestyle, the Japanese beauty and lifestyle retailer formerly known as Yoshitsu, has raised HK$20 million (about $2.56 million) from a Hong Kong-based private investor to back its business. The company said the financing was obtained under a strategic investment agreement signed on May 1, 2025. Tokyo Lifestyle said the capital will be channeled towards…
Hong Kong-based restaurant group Itacho Sushi has ceased operations in Singapore, following a series of outlet closures over the past year, according to a report from The times of the strait. According to the report, the company’s last four locations at Ion Orchard, Bugis Junction, The Star Vista and Square 2 in Novena were marked…
Baidu, Inc. (NASDAQ:BIDU) is one of the AI stocks are making waves on Wall Street. January 2North DakotaJefferies analyst Thomas Chong raised the company’s price target on the stock to $181 from $159 and maintained a “Buy” rating on the stock. The company’s analysts remain constructive on the stock as they see value unlocking potential…
Advanced Biomedicine (ADVB) entered into an agreement with an unrelated third party, Wei Ha Hui, pursuant to which the Company agreed to sell 100% of the issued and outstanding shares of Advanced Biomed Limited, a Hong Kong company and a wholly-owned subsidiary of the Company, for an aggregate purchase price of $23,000 based on a…
Chinese artificial intelligence company Zhipu AI launched a share sale on Tuesday to raise HK$4.35 billion (US$560 million), moving closer to becoming the first major language model (LLM) developer to list in Hong Kong amid a flurry of technology initial public offerings (IPOs). The new company, officially known as Knowledge Atlas Technology and traded overseas…
DHL Express has switched to a larger cargo plane for its route to Hong Kong and Penang, Malaysia, to provide more capacity for customers. The upgraded route will be served by a Boeing 767 freighter, which will replace the previous converted Airbus A321 freighter, providing the network with an additional 20 tonnes of cargo capacity…
Hong Kong launched a five-year fintech strategy on Monday, pledging to promote artificial intelligence and tokenization initiatives responsibly to strengthen the city’s position as a leading fintech hub. The Hong Kong Monetary Authority (HKMA), which unveiled the plan at the flagship Fintech Week conference, said it expected to launch more than 40 initiatives to embed…
Asian markets saw a significant rise on Thursday, driven by the impressive performance of Wall Street, which reached its highest level in more than a year. The increase came after a report revealed that US consumer inflation had cooled more than expected in the previous month. In afternoon trading, Japan’s benchmark Nikkei 225 index soared…
NEED TO KNOW At least two people die after a plane skids off the runway, crashes into a car and lands in the ocean An Emirates Boeing 747 cargo plane crashed while arriving from Dubai at Hong Kong International Airport Photographs taken afterwards show the plane partially submerged in water. At least two people have…
A cargo plane skidded off a Hong Kong runway and fell into the sea as it landed early Monday, killing two people. The flight, from Dubai, United Arab Emirates, was landing at Hong Kong International Airport around 3:50 a.m., according to the Hong Kong Airport Authority. Source link
