News Analysis Japanese tech investment giant SoftBank Group has decided to sell one-third of its Alibaba stake to raise $34 billion in cash, following a record $23.4 billion loss in the second quarter. Founder and CEO Masayoshi Son admitted at a press conference that he is “quite embarrassed and remorseful.” Furthermore, China’s regulatory crackdown on…
SoftBank CEO ‘Remorseful’ After Record $23.4 Billion Quarterly Loss
August 18, 2022
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AlibabaAsia & PacificBusiness & MarketsChinaChina Business & EconomyCompaniesDidiHong KongMasayoshi SonNew York Stock ExchangeSoftbankWorld
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Study: Eating Too Much Ultra-Processed or Junk Food May Cause Cognitive Decline
Our fast-paced modern life comes with a price tag: our health. While junk food may give temporary comfort to your cravings, it will cause long and undesirable health effects. A recent study shows that regular consumption of ultra-processed food can lead to cognitive decline. At the Alzheimer’s Association International Conference 2022 (AAIC), a new study…
UK Blocks Takeover of Tech Company Pulsic by Hong Kong-Based Firm Over Security Fears
August 18, 2022
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Boris JohnsonChinaChina Business & EconomyChinese RegimeEurope-China RelationsHK BusinessHong KongInternational RelationsKwasi Kwartengliz trussNational SecurityNewport Wafer FabtechnologyUKWorld
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The British government has blocked a proposed takeover of an electronic design company by a Hong Kong-based firm on national security grounds. In an order issued on Aug. 17, Business Secretary Kwasi Kwarteng ruled that the acquisition of the Bristol-based Pulsic Limited by Super Orange HK Holding Limited should not proceed. Kwarteng said the decision…
Long Established Hong Kong Bridal Shop ‘Koon Nam Wah Bridal’ Forced to Remove Neon Signs
The colorful neon signs were once the most iconic representation of the cultural symbols for streets in Hong Kong. But as the Hong Kong government tightens building regulations gradually, there are fewer neon signs on the streets. The Buildings Department of Hong Kong recently issued an ultimatum to the long-established “Koon Nam Wah,” long-established traditional…
MakerVille Announces Options for MIRROR WE ARE LIVE Concert Ticket Holders
MakerVille announced on Aug. 15, that in response to the serious incident that happened on Jul 28, at the MIRROR WE ARE LIVE Concert, all remaining shows have been canceled. The artist management company has proposed two options for fans, ticket refund or exchange. Refund Arrangement MakerVille said, “All ticket holders who have purchased their…
Taiwan Group Attempting to Link Overseas HK People With Inmates
It is now three years after the 2019 anti-extradition movement in Hong Kong, and the Hong Kong authorities are still chasing and prosecuting the protesters. To date, nearly 3,000 of them have been prosecuted, with more than 1,000 convicted. While in prison they can only communicate with the outside world by letters. On the other…
China in the Process of Housing Deleveraging
Commentary China has always been hoping to avoid the mistakes committed by its predecessors. A decade ago when China was forced by the U.S. to appreciate its currency value, China refused to do so aggressively. From 1985 to 1987, USD/JPY fell from 260 to 120, or the Japanese Yen appreciated by more than double. Chinese…
Young Man Suspected of Falling to Death While Doing Extreme Sports on Rooftop in Hong Kong
A 17-year-old man was suspected to have fallen while doing extreme sports on the rooftop of a building in Tsim Sha Tsui, Hong Kong on Aug. 15. The police received a report from a woman that a man had fallen from a height and was lying on a platform on the second floor of Tsim…
Jimmy Lin’s Wife Posted a Photo With a Message of Hope, 26 Days After He Has Been Hospitalized
On July 22, Taiwanese actor and singer Jimmy Lin, crashed into a signpost after hitting a road divider while driving his Tesla with one of his sons in the car. Father and son were pulled from the car by passersby shortly before the car went up in flames. They were sent to Linkou Chang Gung…
American Chef Arrested at West Kowloon Magistrates Court
At 11:09 Aug. 15, a foreign man entered the court building for the normal security checks and X-ray examinations. He was found to possess one sharp metal “weapon” hidden in his backpack. The security guard immediately called the police. He was then arrested on suspicion of “possession of offensive weapons.” This was the third such…
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