Press Digest: Hong Kong - Aug 7

Qianhai Health Holdings

07/08/2014 03:18

HONG KONG, Aug 7 (Reuters) - These are some of the leading 
stories in Hong Kong newspapers on Thursday. Reuters has not 
verified these stories and does not vouch for their accuracy.   
         
    SOUTH CHINA MORNING POST  
    -- A High Court judge's ruling that entertainment tycoon 
Albert Yeung Sau-shing can go ahead with his defamation lawsuit 
against Google  GOOGL.O  is a decision that could have 
far-reaching consequences for the future of its search engine. 
Yeung wants to sue the U.S. technology giant because the 
"autocomplete" function of its search engine links him to triad 
gangs. (http://bit.ly/1kJe2DS) 
    -- PCCW  0008.HK , the flagship conglomerate of billionaire 
Richard Li Tzar-kai, is looking to push forward new investments 
in information technology services and networks after it posted 
solid earnings for the six months to June 30. (http://bit.ly/1qXu2Vu) 
    -- Tencent  0700.HK  will begin a fresh crackdown on fraud, 
pornography and "spreading rumours" on its hugely popular WeChat 
messaging application. The mainland technology giant would 
target the approximately 5.8 million public accounts on the 
service, it said on its own WeChat account. (http://bit.ly/1knxdTh) 
     
    THE STANDARD 
    -- Cheuk Nang  0131.HK  plans to sell its Wan Chai 
headquarters as Chairman Cecil Chao Sze- tsung says Hong Kong's 
declining competitiveness and worsening governance is forcing 
him to reduce his local investment. (http://bit.ly/1lBUoom) 
    -- Hong Kong is the multimillionaire capital of the world, 
although London has the largest millionaire population. A new 
study by wealth consultancy New World Wealth found that Hong 
Kong is tops for multimillionaires with the number of 
individuals holding at least $10 million worth of net assets 
totalling 15,400. (http://bit.ly/XFu86X) 
    -- Hong Kong's largest ginseng wholesaler, Hang Fat Ginseng 
 0911.HK , plans to enter e-commerce to boost its retail 
business. Chairman Matthew Yeung Wing-yan said the firm wants to 
set up an online platform based in Qianhai by the year-end. (http://bit.ly/1tYQeyD) 
 
    HONG KONG ECONOMIC JOURNAL  
    -- Sun Hung Kai Properties  0016.HK  offers 12 houses of its 
Twelve Peaks residential project on the Peak in Hong Kong for 
sale at an average HK$127,000 ($16,386) a sq ft, of which the 
most expensive one is put for sale at HK$176,000 per sq ft, set 
to be the world's most expensive. 
     
    For Chinese newspapers, see............... PRESS/CN    
(1 US dollar = 7.7505 Hong Kong dollar) 
 
 (Reporting by Donny Kwok; Editing by Subhranshu Sahu) 
 ((donny.kwok@thomsonreuters.com)(+852 2843 6470)(Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST HONGKONG/