Yulu Ao

1 week ago | scmp.com | Yulu Ao |Cheryl Arcibal

Mike Cai Wensheng, the co-founder and chairman of Chinese selfie app Meitu, bought a 53,000 square foot commercial building in Hong Kong for HK$650 million (US$84 million), with plans to turn the property into an incubation hub for start-ups. “It is a personal investment and entrepreneurial initiative, and I plan to engage in more collaborations with Hong Kong’s tech community,” Cai told the Post.

1 month ago | scmp.com | Denise Tsang |Emily Hung |Yulu Ao |Lam Ka-sing

Hong Kong Financial Secretary Paul Chan Mo-po warned of more volatile trading ahead but refrained from intervening in the market after the city’s benchmark Hang Seng Index suffered its steepest fall in decades on Monday amid fears over repercussions of US President Donald Trump’s trade war. While Chan held off from introducing measures, he nevertheless warned that investors should be cautious as “pessimism” enveloped the world.

2 months ago | scmp.com | Zhang Shidong |Yulu Ao

Chinese stocks are set to extend their world-beating rally, albeit at a slower pace, as breakthrough artificial intelligence (AI) technology is set to fuel earnings growth and boost valuations, according to global investment banks. Foreign investors have been increasing their holdings of Chinese stocks in an orderly manner, and this rotation of funds from regional markets suggested that any re-rating of Chinese equities could lead to significant capital inflows, they said.

2 months ago | scmp.com | Cheryl Arcibal |Yulu Ao

Hong Kong homebuyers flocked to secure new flats at two projects over the weekend, indicating improving sentiment on the city’s battered property market following a reduction in stamp duties and a buoyant stock market. On Sunday, Sun Hung Kai Properties sold 96 of 172 units offered at its Yoho West Parkside development in Tin Shui Wai as of 5.20pm, 3.5 hours after the second round of sales there began. The developer expected to reach a sellout by the end of the day.