Zhipu AI launches a share sale to raise ~$560M in a Hong Kong IPO at a valuation of ~$6.6B, which would make it the first LLM developer listed in Hong Kong
The company, marketed overseas as Z.ai, eyes US$6.6 billion valuation with Hong Kong's first large language model listing
Filing: HashKey, Hong Kong's largest licensed crypto exchange, is aiming to raise up to ~$215M in its IPO in the city
Kumar Tanishk / Reuters :
Hong Kong's stablecoin licensing regime takes effect, requiring issuers to get approval from the Monetary Authority, comply with AML protocols, and more
Also, the British weirdness where bank notes are printed by specific banks, rather than government, really needs to end. [embedded post] Forums: r/ethtrader : Hong Kong Kicks Off Stablecoin Licensing...
Business groups, including the Asia Internet Coalition, backed by Amazon, Google, and Meta, criticize Hong Kong's new cyber rules, calling them “unprecedented”
Newley Purnell / Bloomberg :
Measurable AI: KeeTa, Meituan's sister app, accounts for a 37% share of Hong Kong's food delivery market, after debuting in May 2023; Foodpanda leads with 42%
Sarah Zheng / Bloomberg :
Hong Kong's Securities and Futures Commission plans to publish a list of crypto exchange license applicants in the wake of the JPEX crypto exchange probe
Financial Times :
After Hong Kong's police arrested six following allegations of fraud at unlicensed crypto exchange JPEX, the government plans to tighten its crypto regulations
Sam Reynolds / CoinDesk :
Hong Kong's security secretary says Google refused to change its search results for Hong Kong's national anthem from a protest song to China's national anthem
Hong Kong-based XanPool, a cross-border payments infrastructure provider for both crypto and fiat currencies, raised $41M in Q2 2022 at a $400M valuation
Plans to Expand Across Europe, Latin America Miguel Cordon / Tech in Asia : Hong Kong's XanPool hits $400m valuation after raising $41m in 2022 Stephanie Li / DealStreetAsia : Hong Kong's Xanpool notc...
Google and Meta restrict the accounts of Hong Kong's sole chief executive candidate, John Lee, citing US sanctions from 2020 on Lee for crushing protests
Google and Meta Platforms Inc. moved on Wednesday to curtail the social media presence of Hong Kong's sole chief executive candidate …