Hong Kong Restaurateurs Fight to Survive Amid Wave of Closures
Save
In this week's Hong Kong Edition, we speak to restaurant owners about how to succeed in a challenging environment, look at why China's leaders are so worried about the word 'involution,' talk to Samsen co-founder Adam Cliff about his expansion plans, and review a new Japanese restaurant on Caine Road.
To subscribe to this weekly newsletter for free, click here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
35 minutes ago
- Forbes
Indian Billionaire Mukesh Ambani's Reliance Industries Sells $895 Million Asian Paints Shares
Buckets of Asia Paints Ltd. paint at a store in Mumbai, India, on Saturday, Feb 6, 2021. ... More Photographer: Dhiraj Singh/Bloomberg Reliance Industries—the energy-to-telecom conglomerate controlled by India's richest person Mukesh Ambani—sold most of its shares in Asian Paints worth 77 billion rupees ($895 million) amid intensifying industry competition. The company's unit Siddhant Commercials sold 35 million shares or about a 3.7% stake at 2,201 rupees each via a block trade, according to an exchange filing on Thursday. Following the sale, Reliance will still hold 8.7 million shares in Asian Paints. Reliance, which invested in Asian Paints shares almost two decades ago, has been cutting its stake in Asian Paints amid softening demand and intensifying competition from new players such as billionaire Kumar Birla's Birla Opus. 'We expect the demand environment to remain weak in the coming quarters, while increasing competition in the sector will impact the outlook,' Indian brokerage Geojit, which is backed by BNP Paribas, wrote in a recent note. The brokerage recommends investors 'reduce' their exposure on Asian Paints, whose shares have fallen more than 30% in 2024. With an estimated net worth of $119.5 billion, Ambani is India's wealthiest person, according to Forbes Asia's list of India's 100 Richest, published last October. He is the chairman of Reliance Industries, which has interests in energy, petrochemicals, telecommunications, retail, media and financial services.
Yahoo
an hour ago
- Yahoo
India central bank steps in to contain fallout of oil price jump on rupee, traders say
MUMBAI (Reuters) -The Reserve Bank of India is believed to have sold dollars to support the rupee after a surge in oil prices, triggered by Israeli strikes on Iran, put pressure on the currency, three traders told Reuters on Friday. The Indian rupee dropped to 86.20 to the U.S. dollar before recovering to 86.04 on the back of the RBI's intervention. The central bank sold dollars near 86.05, a currency trader said, citing two state-run banks. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
China delays approval of $35 billion merger between Synopsys and Ansys, FT reports
(Reuters) -China's State Administration for Market Regulation has postponed its approval of a proposed $35 billion merger between two software companies - Synopsys and Ansys, the Financial Times reported on Friday. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
