With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the space are looking overseas to find friendlier climates to support their growth. One such destination is Hong Kong, which, seeking to restore its status as a financial hub, is banking on favorable crypto regulations to draw a fresh raft [...]read moreGlobal crypto firms turn to Hong Kong for refuge — and opportunity
By Bloomberg Published Apr 18, 2024 Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged. DR Exports dropped 16% by value in March to 2 billion Swiss francs ($2.2 billion) from a year earlier, the Federation of the [...]read moreSwiss watch exports plunge as China and Hong Kong demand dries up
In March, Xpeng stated its intention to enter Hong Kong as part of its expansion into right-hand drive markets, and the Chinese EV maker has now announced its partner for that market, with Malaysian automotive group Sime Darby Motors (SDM) having been appointed as its local distributor. According to Xpeng, SDM aims to open a [...]read moreXpeng appoints Sime Darby Motors as its Hong Kong distributor – G6 SUV, X9 MPV to begin selling in Q3
Manolo Blahnik Group has announced a key deal with major luxury brand operator Bluebell Group with the companies on Monday announcing a new joint venture to add to their existing JVs. Manolo Blahnik Bluebell is a major player in Asia and it will now work with Manolo Blahnik to grow the luxury footwear and accessories [...]read moreManolo Blahnik adds to Bluebell partnership for Hong Kong, opens new boutique
A new national security law has come into force in Hong Kong despite growing international criticism that it could erode freedoms in the China-ruled city and damage its international financial hub credentials. The law, also known as Article 23, came into at midnight on Saturday, days after Hong Kong’s pro-Beijing lawmakers passed it unanimously, fast-tracking [...]read moreHong Kong’s new security law comes into force amid human rights concerns | Hong Kong Protests News
China has lashed out at international critics of Hong Kong’s national security law, accusing a number of countries of “slandering and smearing”. The law, known as Article 23, was passed by Hong Kong legislators on Tuesday, attracting widespread criticism for its anticipated effects on fundamental freedoms in the China-ruled city. China hit back on Wednesday, [...]read more‘Slander’: China slams critics of Hong Kong’s new national security law | Politics News
By Bloomberg Published Mar 19, 2024 Monthly Swiss watch exports fell for just the second time in three years, led by lower shipments to China and Hong Kong, as demand for luxury timepieces cools. Bloomberg Exports dropped 3.8% by value in February to 2.15 billion Swiss francs ($2.4 billion) from a year earlier, the Federation [...]read moreSwiss watch exports slump on lower shipments to China, Hong Kong
Welcome to TechCrunch Crypto, formerly known as Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Hello and welcome back to the TechCrunch Crypto newsletter. I was out last week, so there was no newsletter, but we’re back [...]read moreBitcoin jumped and Coinbase’s app crashed, while Aptos eyes Hong Kong and Telegram rolls out rewards with TON
Ever since Hong Kong legalized cryptocurrency trading last June, blockchain projects from the West have been paying more attention to the Asian financial hub. Aptos, the a16z-backed blockchain network developed by a group of former Meta employees, is one of them. Started by some of the original creators of Meta’s abandoned crypto payment project Diem, [...]read moreEx-Meta employees’ Aptos tests Hong Kong’s crypto appetite
By Bloomberg Published Feb 2, 2024 French luxury giant Hermes International SCA is expanding its store in one of Hong Kong’s most high-end shopping malls, adding to signs premium brands are renewing their focus on the city as an economic slowdown weighs on the outlook for China. Hermès-AW 2024/25 – Menswear – Hèrmes The three-floor [...]read moreHermes expands in Hong Kong betting on return of luxury shoppers