Small Business

Four Hong Kong pro-democracy lawmakers unseated as Beijing moves to silence opposition

The resolution, passed by China’s highest legislative body, allows Hong Kong’s executive to expel elected lawmakers directly without having to go through the courts, cementing Beijing’s control over the semi-autonomous territory. Under the new ruling, lawmakers who are deemed to promote or support Hong Kong independence, or who refuse to acknowledge Beijing’s sovereignty, will “immediately […]

Markets

Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources say

HONG KONG: China’s top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering next year, dropping previous aims to list in New York amid rising Sino-U.S. tension, people with knowledge of the matter said. Didi, backed by technology investment giants SoftBank , Alibaba and Tencent, has started initial talks with […]

Small Business

A Hong Kong teenager’s death became a magnet for conspiracies, and exposed deep problems in how the city operates

It was August 10, 2019. Protesters had gathered outside a police station on Nathan Road, a busy shopping street in Hong Kong that had become the latest battleground in the anti-government protests that would rock the city for more than six months. The smoke billowed forth as experienced protesters pulled masks down over their faces […]