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Apple market value tops US$700 bln, hitting new record

... 02 in New York trading, giving it a market value of US$710.7 billion, more than double that of Microsoft Corp. The iPhone maker had crossed the US$700 billion mark in intraday trading in November and ...More

EJ Insight2015-02-11

Chinese insurer buys New York luxury hotel for over US$230 mln

China's Sunshine Insurance Group Co. has agreed to buy the super-luxury Baccarat Hotel in New York for more than US$230 million, the Wall Street Journal reported. The price for the Midtown Manhattan p ...More

EJ Insight2015-02-09

Why is the Liaison Office selling its properties?

... ouse at 6 York Road in Kowloon Tong, which it acquired in the mid-80s, for HK$238.4 million. The house was famously next to the two residences owned by former chief secretary Henry Tang Ying-yen, whos ...More

EJ Insight2015-02-06

A mini Cultural Revolution is storming mainland campuses

... n the New York Times on Jan. 30, Chris Buckley said Beijing is adding new targets to its anti-liberalization movement. Weeding out imported teaching materials that promote western values and purging p ...More

EJ Insight2015-02-06

A smartphone dongle for detecting HIV

New York's Columbia University has developed a smartphone attachment to test for diseases such as HIV and syphilis. It works almost just as well as expensive lab equipment, is a lot cheaper, and there ...More

EJ Insight2015-02-06

Sony Pictures co-chair Amy Pascal steps down

... udio, New York Times reported. Pascal will leave her current position in May. Sony is yet to name a successor. "I have spent almost my entire professional life at Sony Pictures, and I am energized to ...More

EJ Insight2015-02-06

Anbang Insurance sees global footprint in 10 years

... el in New York for US$1.95 billion and acquired two key Belgian assets.  Wu said the hotel will be redeveloped into a luxury residential project. Translation by Vey Wong -- Contact us at english@hkej. ...More

EJ Insight2015-02-05

Silk Road website operator convicted on US drugs charges

... o the New York Times. Ulbricht sold heroin, cocaine, LSD and other illegal drugs and goods in a hidden part of the internet, where deals are conducted anonymously and outside the scrutiny of law enfor ...More

EJ Insight2015-02-05

State media: Anbang aggressively bought Minsheng A shares

... o buy New York's Waldorf Astoria Towers last year in addition to its purchase of a Belgian bank and Belgian insurer FIDEA. Anbang has a complex ownership structure that has largely shielded it from pr ...More

EJ Insight2015-02-04

Doubts raised about China’s new wealthiest man

Alibaba's public squabble with Chinese regulators over fake goods being sold on its online platform has resulted in a dramatic change in the country's rich list. While shares of the New York-listed e- ...More

EJ Insight2015-02-03

Is Jack Ma a good role model for Hong Kong youth?

... n the New York bourse plunged on the news about counterfeit goods being sold on his online shopping mall Taobao. Sure, no one will argue that Ma's desire to "let everyone start their own business" is ...More

EJ Insight2015-02-03

What lies behind Alibaba’s Taobao fake goods tussle?

... ce in New York tumbled 4.5 percent during that day's trading and plummeted a further 9 percent the following day. The firm rules the roost in China’s online marketplace, commanding a market share of 8 ...More

EJ Insight2015-02-03

Minsheng Bank ex-chairman said be under graft probe

... ws, a New York-based portal which often carries gossipy items about the Chinese leadership. The reported move by the Commission for Discipline Inspection of the Central Committee of the Communist Part ...More

EJ Insight2015-02-03

Alibaba has a lot of fence mending to do with govt, customers

... n the New York Stock Exchange. On Wednesday and Thursday last week, Alibaba’s market value evaporated by US$33 billion. The decline in the stock price reduced the wealth of Jack Ma Yun, Ablibaba’s cha ...More

EJ Insight2015-02-02

Outrage in Japan as IS kills second hostage

Islamic State militants released a video showing the gruesome killing of Kenji Goto, a journalist who was the second of two hostages to be killed, prompting grief and outrage in Japan, The New York Ti ...More

EJ Insight2015-02-02

US tax plan targets profits stashed abroad

... o The New York Times. The budget also includes US$105 million for “trade adjustment assistance” to help workers who have been affected by free trade pacts, it said. Obama's latest tax proposals are pa ...More

EJ Insight2015-02-02

China accuses Alibaba of sloppy oversight on merchants

... nt in New York trading Wednesday. – Contact us at [email protected] FL/RC ...More

EJ Insight2015-01-29

JPMorgan reaped up to US$300 mln from Swiss turmoil

... t the New York-based bank to assess their position immediately and buy or sell the franc accordingly, the people said. JPMorgan, the world’s biggest investment bank, generated US$2.5 billion in fixed- ...More

EJ Insight2015-01-28

China closes door on western values

... y the New York Times in August that year, warned that power could escape the party's grip unless it eradicated subversive western currents coursing through Chinese society. “Western forces hostile to ...More

EJ Insight2015-01-27

Filipino maid wins New York photography scholarship

Xyza Bacani is as handy with a digital camera as with a broom. The Filipino nanny has won a scholarship to study photography at New York University this summer, Ming Pao Daily reported Tuesday. Bacani ...More

EJ Insight2015-01-27

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