(Beijing, Hong Kong, Shanghai) — Bilibili (NASDAQ: BILI, 9626.HK) celebrated the 15th anniversary of the establishment of China’s largest UGC video website in Shanghai on June 26. Bilibili also announced that the ID display of all users in the first year of the website's establishment (June 26, 2009 - June 25, 2010) will turn gold and a commemorative coin will be issued. This bilibili was established in 2009, IPOed on Nasdaq in March 2018, and was secondary listed in Hong Kong in March 2021. Its revenue has increased from 4.1 billion yuan (US$564Million) a year at the time of first IPO to 5.66billion yuan a quarter at the end of Q1 2024. The MAU (monthly Active Users) and DAU (Daily Active Users) reached 341 million and 102 million respectively in Q1 of 2024. (the DAU and MAU tend of Bilibili source:Bilibili's report) However, until now, Bilibili is still unprofitable, and Bilibili's stock price has fallen by 90% from its highest point. Compared with its secondary listing on the Hong Kong Stock Exchange in March 2021,…

[caption id="attachment_1196" align="aligncenter" width="759"] HSBC headquarter for APAC in Hong Kong. Photo: Sai-pok Mu[/caption] Hong Kong/Beijing  -- HSBC holding (NYSE:HSBC, HKSE:0005, LSE:HSBA) surprisingly announced the retirement of its 62-year-old CEO on the same day it released its Q1 results report. The market was caught off guard. The board has not yet decided on a successor, and Quinn will remain in office until his successor starts in the role. He has also agreed to remain available through to the end of his 12-month notice period, HSBC said. The shocking departure When his departure was announced, many expressed shock. At the Q3 financial results conference in October 2022, Quinn expressed his intention to continue working in the group for the long term. And now, his choice is family. According the a statement released by the bank, he wrote “After an intense five years, it is now the right time for me to get a better balance between my personal and business life. I intend to pursue a portfolio career going forward.” According to Financial Times, there were…

Hong Kong-- Hong Kong flag carrier Cathay Pacific(0293.HK) released its 2023 Annual Result on Wednesday, marking its first profitable year after three years during the COVID-19 pandemic. The Cathay Group reported an annual profit of 9.8 billion Hong Kong dollars ($1.25 billion), the highest recorded profit since 2010. The profit includes a profit of HK$433 million from HK Express (an LCC acquired by the Cathay Group in 2019) and a non-cash gain of HK$1.9 billion from its dilution of interest in Air China. This arises from Cathay not participating in Air China's additional share issuance in 2023. Patrick Healy, the Chair of Cathay, said in the statement, "In 2023, we finally left the Covid-19 pandemic behind us." And the CEO, Ronald Lam, said, "We are ready to unleash the potential and innovation of our next exciting phase of development – Cathay is back!" Cathay Group pushed back its plan to restore flights to pre-pandemic level, from the end of 2024 to the first quarter in 2025 while it expects to reach 80% of flights within…