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LSEG

QuantumPharm becomes Hong Kong’s third-largest IPO of 2024 after pricing shares at HK$5.28

by Anas Siddiqui
QuantumPharm becomes Hong Kong’s third-largest IPO of 2024 after pricing shares at HK.28

Tencent-backed QuantumPharm, an artificial intelligence (AI) drug researcher, has become Hong Kong’s third-largest listing of the year after pricing its initial public offering (IPO) at the low end of the …

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JD.com posts better-than-expected sales in first quarter as price cuts pay off for e-commerce giant

by Anas Siddiqui
JD.com posts better-than-expected sales in first quarter as price cuts pay off for e-commerce giant

The Beijing-based company said revenue rose to 260 billion yuan (US$36 billion) in the March quarter, from about 243 billion yuan a year earlier, on the back of electronics, home …

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AI boom fuels demand for major data centre deals in Asia-Pacific this year

by Walter Watson
AI boom fuels demand for major data centre deals in Asia-Pacific this year

In 2023, the region’s data centre deals hit a record high of US$3.45 billion, according to LSEG. That tally is set to be surpassed this year, with at least a …

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Hong Kong must continue to promote itself to attract international listings, capital and investors, Paul Chan and Bonnie Chan tell forum

by Anas Siddiqui
Hong Kong must continue to promote itself to attract international listings, capital and investors, Paul Chan and Bonnie Chan tell forum

The government and HKEX have been promoting the unique features of the city’s capital market to Middle Eastern and Asean countries since last year, and such efforts will continue, he …

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US bitcoin ETF trades soar to US$4.6 billion on first day after landmark SEC approval

by Walter Watson
US bitcoin ETF trades soar to US.6 billion on first day after landmark SEC approval

Grayscale, BlackRock and Fidelity dominated trading volumes, the LSEG data showed. “Trading volumes have been relatively strong for new ETF products,” said Todd Rosenbluth, strategist at VettaFi. “But this is …

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