Old-School Tycoons of Hong Kong Are Losing to China s Moguls yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Shirley Zhao, Bloomberg News Adrian Cheng , Bloomberg
(Bloomberg) The prediction was vintage Jack Ma, as provocative as it was prescient.âThis is the era of the internet,â the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba Group Holding Ltd. public in Hong Kong had been scuttled by regulators. âIt no longer belongs to Li Ka-shing.âMaâs dig at the famed Hong Kong tycoon raised plenty of eyebrows at the time, but few would disagree with him now. The past few years have seen a remarkable shift in fortunes between Chinaâs tech-savvy moguls and their old-school Hong Kong counterparts a trend that shows few signs of fading any time soon.
Thu, 6th May 2021 19:25
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Superdry PLC - Cheltenham, Gloucestershire-based clothing retailer - Can see light at the end of the tunnel as lockdown restrictions ease. Says financial 2021 revenue fell 21% to GBP556.6 million from GBP704.4 million in financial 2020. In the fourth quarter, revenue increased 0.8% to GBP118.3 million from GBP117.4 million a year ago. The early signs following the reopening of our UK stores are encouraging, as lockdown restrictions start to lift, and we can clearly see the light at the end of the tunnel. In short, we are on track with our reset of the brand, and there s a lot to look forward to, says Chief Executive Officer Julian Dunkerton.