LVMH Moët Hennessy Louis Vuitton SE offered a closer look at the deepening Chinese luxury slump this week, revealing that sales on the mainland dropped by double digits in the third quarter while the traditionally high-spending consumer group also pulled back overseas.
LVMH Moët Hennessy Louis Vuitton SE offered a closer look at the deepening Chinese luxury slump this week, revealing that sales on the mainland dropped by double digits in the third quarter while the traditionally high-spending consumer group also pulled back overseas.
It was a Wednesday evening in late September and analysts covering New World Development Co. were getting antsy. The cash-strapped Hong Kong developer was late to report its earnings, and executives hadn’t shown up to a scheduled briefing.
It was a Wednesday evening in late September and analysts covering New World Development Co. were getting antsy. The cash-strapped Hong Kong developer was late to report its earnings, and executives hadn’t shown up to a scheduled briefing.
Bain Capital is exploring a potential investment in Hong Kong’s New World Development Co. as the embattled property company looks at ways to pay down its heavy debt burden, people with knowledge of the matter said.
Bain Capital is exploring a potential investment in Hong Kong’s New World Development Co. as the embattled property company looks at ways to pay down its heavy debt burden, people with knowledge of the matter said.
One of Hong Kong’s biggest landlords is in talks to enter Japan’s resurgent property market as part of parent Jardine Matheson Holdings Ltd.’s pivot toward becoming an investment firm, people familiar with the matter said.
One of Hong Kong’s biggest landlords is in talks to enter Japan’s resurgent property market as part of parent Jardine Matheson Holdings Ltd.’s pivot toward becoming an investment firm, people familiar with the matter said.
Li Ka-shing’s CK Hutchison Holdings Ltd. expects to sell what remains of its global ports portfolio for its original $22.8 billion value, even after losing two Panama terminals that had been included, according to people familiar with the matter.
Li Ka-shing’s CK Hutchison Holdings Ltd. expects to sell what remains of its global ports portfolio for its original $22.8 billion value, even after losing two Panama terminals that had been included, according to people familiar with the matter.
CK Hutchison Holdings Ltd. commenced international arbitration proceedings against Panama, seeking more than $1.5 billion in damages over the loss of its investments in two ports on the country’s strategic canal.
CK Hutchison Holdings Ltd. commenced international arbitration proceedings against Panama, seeking more than $1.5 billion in damages over the loss of its investments in two ports on the country’s strategic canal.
CK Hutchison Holdings Ltd.’s shares fell the most in more than 16 months, as the cash-rich group failed to impress investors with its payout after recording hefty gains from recent asset disposals.
CK Hutchison Holdings Ltd.’s shares fell the most in more than 16 months, as the cash-rich group failed to impress investors with its payout after recording hefty gains from recent asset disposals.
Macau’s gaming revenue fell 8.4% in July, declining for a second consecutive month as travel disruptions from Typhoon Noul and lingering distractions from the World Cup dented spending.
Macau’s gaming revenue fell 8.4% in July, declining for a second consecutive month as travel disruptions from Typhoon Noul and lingering distractions from the World Cup dented spending.
Billionaire Li Ka-shing and his family are preparing to usher in a new generation of leaders after some of their longest-serving lieutenants wrap up the sale of various assets to overhaul Hong Kong’s largest conglomerate.
Billionaire Li Ka-shing and his family are preparing to usher in a new generation of leaders after some of their longest-serving lieutenants wrap up the sale of various assets to overhaul Hong Kong’s largest conglomerate.
A commercial complex in an industrial neighborhood of Hong Kong has become the latest flashpoint in a commercial property market struggling with pockets of weakness, even as the broader real estate market rebounds.
A commercial complex in an industrial neighborhood of Hong Kong has become the latest flashpoint in a commercial property market struggling with pockets of weakness, even as the broader real estate market rebounds.
A former executive of WPP Plc, one of the world’s biggest advertising companies, has been sentenced to life in prison by a Chinese court for taking bribes totaling 1.2 billion yuan ($176 million) with his ex-colleagues, according to people familiar with the matter.
A former executive of WPP Plc, one of the world’s biggest advertising companies, has been sentenced to life in prison by a Chinese court for taking bribes totaling 1.2 billion yuan ($176 million) with his ex-colleagues, according to people familiar with the matter.
A general view shows the skyline of the Lujiazui financial district in Shanghai on December 16, 2019. (Photo by HECTOR RETAMAL / AFP) (Photo by HECTOR RETAMAL/AFP via Getty Images) Photographer: HECTOR RETAMAL/AFP
Jardine Matheson Holdings Ltd. will buy back $500 million of its own shares by the end of next year as the Hong Kong company lays out targets for its transformation from a long-term owner-operator into an active investor more akin to a private equity fund.
Jardine Matheson Holdings Ltd. will buy back $500 million of its own shares by the end of next year as the Hong Kong company lays out targets for its transformation from a long-term owner-operator into an active investor more akin to a private equity fund.
Jardine House building. Photographer: Paul Yeung/Bloomberg
Jollibee Foods Corp. is considering switching a potential spinoff and listing of its international business from the US to Hong Kong, where share sales are flying, according to people familiar with the matter.
Jollibee Foods Corp. is considering switching a potential spinoff and listing of its international business from the US to Hong Kong, where share sales are flying, according to people familiar with the matter.
A Jollibee mascot during a children's party at a Jollibee Foods Corp. restaurant in Quezon City, Metro Manila, the Philippines. Photographer: Veejay Villafranca/Bloomberg
Vodafone Group Plc is buying CK Hutchison Holdings Ltd. stake in the UK’s largest mobile operator in a deal worth £4.3 billion ($5.8 billion), as Chief Executive Officer Margherita Della Valle accelerates a plan to consolidate in the company’s biggest markets.
Vodafone Group Plc is buying CK Hutchison Holdings Ltd. stake in the UK’s largest mobile operator in a deal worth £4.3 billion ($5.8 billion), as Chief Executive Officer Margherita Della Valle accelerates a plan to consolidate in the company’s biggest markets.
The corporate flag for CK Hutchison Holdings Ltd. Photographer: Anthony Kwan/Bloomberg
Hong Kong’s airport operator raised HK$19 billion ($2.4 billion) from what is expected to be its only public bond sale this year, adding to a surge in debt sales denominated in the city’s currency.
Hong Kong’s airport operator raised HK$19 billion ($2.4 billion) from what is expected to be its only public bond sale this year, adding to a surge in debt sales denominated in the city’s currency.
A visitor walks through the departure hall at the Hong Kong International Airport in Hong Kong. Photographer: Bertha Wang/Bloomberg
Ports operator China Merchants Group is in talks to join a consortium seeking to buy dozens of CK Hutchison Holdings Ltd.’s ports, people familiar with the matter said, giving renewed momentum to a deal that stalled after emerging as a geopolitical flashpoint between China and the US.
Ports operator China Merchants Group is in talks to join a consortium seeking to buy dozens of CK Hutchison Holdings Ltd.’s ports, people familiar with the matter said, giving renewed momentum to a deal that stalled after emerging as a geopolitical flashpoint between China and the US.
Shipping containers at the Port of Los Angeles in Los Angeles, California, US, on Thursday, April 24, 2025. China said it will “fully prepare” emergency plans to ward against increasing external shocks, taking a patient approach in defending growth as a deepening trade war with Donald Trump piles pressure on the world’s No. 2 economy. Photographer: Eric Thayer/Bloomberg
CK Hutchison Holdings Ltd. has commenced arbitration against A.P. Moller-Maersk A/S after Panama’s forced takeover of its two ports in the country, intensifying a legal battle over control of the assets.
CK Hutchison Holdings Ltd. has commenced arbitration against A.P. Moller-Maersk A/S after Panama’s forced takeover of its two ports in the country, intensifying a legal battle over control of the assets.
Trucks wait in line next to the Maersk Hartford cargo ship at the Port of Charleston in Charleston, South Carolina, U.S., on Thursday, Dec. 17, 2015. The U.S. Census Bureau is scheduled to release international trade balance figures on December 29.
Unwilling to cede control over New World Development Co., Hong Kong’s billionaire Cheng family is now betting on the revival of the city’s property market and mulling options like a public share sale to meet the embattled developer’s debt obligations.
Unwilling to cede control over New World Development Co., Hong Kong’s billionaire Cheng family is now betting on the revival of the city’s property market and mulling options like a public share sale to meet the embattled developer’s debt obligations.