Stock Market news : Mobvista Inc. Surges 42.69% Amid Active Trading on HKEX
Mobvista Inc. (1860.HK) skyrocketed 42.69% to close at HKD 8.69, leading HKEX's active trading session, while Tencent Holdings gained 1.28% to finish at HKD 411.4.
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Alibaba expands to dual primary listing with upcoming Hong Kong debut
Alibaba's strategic move toward a dual primary listing on the Hong Kong Stock Exchange is generating major market interest, particularly regarding its potential inclusion in the Hong Kong Stock Connect program.
Phoenix Media Investment reports 43% increase in H1 losses amid revenue decline
Phoenix Media Investment saw its revenue decline by 8% to HK$1.04 billion for the first half of 2024, down from HK$1.13 billion in the same period the previous year. This drop in revenue has contributed to a significant increase in the company's attributable losses.
CK Infrastructure Holdings seeks secondary listing on London stock exchange
CK Infrastructure Holdings (CKI) has applied for a secondary listing on the London Stock Exchange, a move designed to broaden its investor base and enhance trading liquidity. The Hong Kong-based infrastructure giant, which already has significant UK assets, sees this as a strategic step in aligning more closely with its European operations.