# Hong Kong Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Hong Kong", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

BMAG Collaborates with Bitcoin Asia 2026 to Present a Full-Scale Card Expo

BMAG, the art and culture division of BTC Inc. (a subsidiary of Nakamoto Inc./NAKA), will debut its full Card Expo at Bitcoin Asia 2026 on August 27-28 at the Hong Kong Convention and Exhibition Centre. This event will blend a world-class card show with a curated art gallery project. The expo features a marketplace focused on Bitcoin-native businesses and prominent vendors from Hong Kong and Southeast Asia. It will host TCG tournaments with Bitcoin prizes, live pack-opening stages, and on-site card grading/authentication services. The space will be surrounded by a gallery wall displaying curated card collections and artworks. Since 2019, BMAG has facilitated over 130 BTC and $10 million in art and collectible trades. According to BMAG Curator Dennis Koch, "Bitcoin, art, and collectibles are one culture." The expo is designed to resonate with Bitcoiners and collectors alike, emphasizing concepts like verifiable scarcity and authenticity. All displayed cards and collectibles will be available for purchase or auction, with Bitcoin accepted as payment—an introduction for many vendors to accepting Bitcoin for cards. Attendees are encouraged to bring their own cards for grading or resale. Museum-grade core exhibits will be announced in the coming weeks. For details and applications, visit https://asia.b.tc/card-expo.

marsbit8h ago

BMAG Collaborates with Bitcoin Asia 2026 to Present a Full-Scale Card Expo

marsbit8h ago

Do Not Apply Blindly: A Comprehensive Evaluation of the Eight Main Pathways to Hong Kong Residency by 2026

Hong Kong has recently updated its talent attraction policies, offering eight mainstream pathways to residency. These include programs like the Top Talent Pass Scheme (TTPS), Quality Migrant Admission Scheme (QMAS), the newly introduced Technology Professionals Admission Scheme (TP Stream), and Vocational Professionals Admission Scheme (VPAS). Navigating these options involves understanding key details such as core eligibility criteria, employer sponsorship requirements, and the respective advantages and drawbacks of each scheme. A comprehensive comparison chart is provided to help applicants evaluate their choices and potentially save on consultancy fees. Applicants are reminded to always verify information with the official announcements from the Hong Kong Immigration Department.

marsbit06/24 10:00

Do Not Apply Blindly: A Comprehensive Evaluation of the Eight Main Pathways to Hong Kong Residency by 2026

marsbit06/24 10:00

Manus Buyback Plan Emerges: Chinese Investors Plan to Repurchase Equity with $2 Billion, Path to Hong Kong IPO Becomes Clearer

According to a report by The Information, early Chinese investors of Manus, including Tencent, Sequoia Capital China, and ZhenFund, are planning to repurchase the company from Meta for $2 billion—the same price Meta paid in its acquisition last December. This move is a direct response to the Chinese government's prohibition of the foreign acquisition in April. As part of the repurchase plan, Manus is considering establishing a Sino-foreign joint venture within China. This structure is seen as a way to ensure regulatory compliance for its Chinese investors and to pave the way for a future IPO in Hong Kong. Notably, U.S. investor Benchmark will not participate in the buyback, which will concentrate ownership even more among Chinese capital. Since its acquisition by Meta, Manus's business has grown rapidly, with its annualized revenue run rate reportedly increasing four-to-fivefold to $400-$500 million in roughly six months. This strong growth underpins the investors' willingness to repurchase at the original price. Financially, the forced unwinding of the deal may benefit the early investors, allowing them to regain equity at a cost far below the company's current implied valuation, with the added prospect of an independent future listing. However, specific terms of the repurchase, including funding proportions and the joint venture's equity structure, are still under negotiation. This "repurchase-joint venture-Hong Kong IPO" approach could serve as a reference model for other Chinese AI startups navigating cross-border M&A regulations.

marsbit06/19 10:28

Manus Buyback Plan Emerges: Chinese Investors Plan to Repurchase Equity with $2 Billion, Path to Hong Kong IPO Becomes Clearer

marsbit06/19 10:28

Valuation Surpasses 200 Billion, Kimi Reportedly Raises 13.6 Billion More, Speeds Up Hong Kong IPO

Beijing-based AI unicoth MoonDark (Kimi) is reportedly in talks for a new funding round aiming to raise up to $20 billion (approximately RMB 136 billion), targeting a post-money valuation of $300 billion (approximately RMB 2.035 trillion). If successful, this would mark its third round in six months and a six-fold increase from its $43 billion valuation in December last year. Last month, the company completed a $20 billion funding round led by Meituan Longzhu, reaching a valuation exceeding $200 billion. According to reports, MoonDark has raised over RMB 376 billion across six rounds, making it the most funded large language model startup in China. Founded in 2023 by CEO Yang Zhilin, the company's core product is the Kimi AI Assistant. In April, it launched and open-sourced its flagship model, Kimi K2.6, which has demonstrated performance comparable to top models like GPT-5.4 in certain benchmarks. Recently, it began beta testing for Kimi Work, a local AI agent for knowledge workers. Commercially, the company's Annual Recurring Revenue (ARR) reportedly surpassed $2 billion in April. Regarding its IPO plans, Bloomberg reported in March that MoonDark is preparing for a listing in Hong Kong, though the process remains in early stages. The funding and IPO pace for leading Chinese AI firms has accelerated notably in 2026, mirroring global trends where companies like OpenAI and Anthropic are also setting new fundraising and valuation records. Securing substantial capital is becoming a critical factor in the competitive landscape alongside model capabilities.

marsbit06/08 07:45

Valuation Surpasses 200 Billion, Kimi Reportedly Raises 13.6 Billion More, Speeds Up Hong Kong IPO

marsbit06/08 07:45

Competitors Going Public, Kimi Can't Sit Still

Competitors Go Public, Kimi Feels the Pressure Yue Zhi An Mian (Moonshot AI), the company behind the AI assistant Kimi, has begun dismantling its VIE and red-chip structure, clearing a key obstacle for a potential Hong Kong IPO. This marks a significant shift from six months ago when founder Yang Zhilin stated the company was in "no hurry" to list. The move comes as rivals like Zhipu AI and MiniMax have successfully listed on the Hong Kong Stock Exchange in early 2026, experiencing massive surges in market value. This has reset valuation logic for AI companies, turning "going public" from an end goal into a competitive necessity. Analysts suggest Kimi is both seizing a favorable market window and responding to competitive pressure. Kimi's valuation has skyrocketed from around $3 billion at its 2023 founding to over $20 billion by May 2026. Capital is betting on its potential as a future AI platform and gateway, though some caution this "emotional valuation" depends on sustained technological leadership and successful commercialization. Traditionally focused on core model R&D over user growth, Kimi has recently pivoted strategy. While its monthly active users declined through 2025, it shifted focus to Agent development and reducing marketing spend. The release of its K2.5 model in early 2026 reportedly generated substantial revenue, with annual recurring revenue reaching $200 million by April, driven by subscriptions and API services. A $2 billion D-round financing in May signaled investor approval of this commercial shift. However, listing will bring new pressures. Experts predict a listed Kimi would face stricter scrutiny on financial controls, compliance, and R&D efficiency. The narrative must evolve from pure technological breakthroughs to demonstrating clear commercialization paths, sustainable income, and a defensible valuation, balancing model superiority with business performance.

marsbit05/28 10:02

Competitors Going Public, Kimi Can't Sit Still

marsbit05/28 10:02

OSL Strengthens Asia’s Digital Asset Ecosystem With Listing of State-Supervised Gold-Backed Stablecoin USDKG

OSL Group, a licensed global digital asset platform, has listed the gold-backed stablecoin USDKG on its Hong Kong exchange, OSL HK. Issued by a state-owned entity under the Kyrgyz Republic's Ministry of Finance, USDKG is pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves. The listing provides professional investors access to the token via an OTC USDKG/USDT trading pair on OSL's regulated platform. This move aims to strengthen Asia's compliant digital asset ecosystem and expand USDKG's use in cross-border settlements. OSL officials highlighted the listing as a step toward offering regulated, innovative assets, while USDKG's issuer emphasized alignment with Hong Kong's high regulatory standards. USDKG, audited by Kreston Global and deployed on Ethereum and TRON, is also available on decentralized exchanges and major wallets, complying with FATF standards.

TheNewsCrypto05/21 11:05

OSL Strengthens Asia’s Digital Asset Ecosystem With Listing of State-Supervised Gold-Backed Stablecoin USDKG

TheNewsCrypto05/21 11:05

OSL Strengthens Asia’s Digital Asset Ecosystem with Listing of State-Supervised Gold-Backed Stablecoin USDKG

OSL Group, a global stablecoin payment and trading platform, announced that its Hong Kong-licensed exchange OSL HK has listed USDKG, a gold-backed stablecoin issued by the Kyrgyz Republic. This move introduces a state-supervised, asset-backed digital currency to Hong Kong's regulated virtual asset market. USDKG is pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves held by a Kyrgyz state-owned entity. It is now available to professional investors on OSL HK's platform via the USDKG/USDT trading pair. The listing aims to expand USDKG's reach through regulated channels for use in cross-border settlements and financial applications. OSL executives stated the listing enriches their product offerings and strengthens their compliant stablecoin ecosystem. USDKG's CEO highlighted the partnership with OSL as a milestone, emphasizing Hong Kong's strong regulatory standards and their shared focus on transparency and institutional-grade infrastructure. USDKG is deployed on Ethereum and TRON, audited by ConsenSys Diligence, and compliant with FATF standards. The listing positions Kyrgyzstan as a regional leader in regulated, asset-backed digital currencies.

TheNewsCrypto05/21 10:25

OSL Strengthens Asia’s Digital Asset Ecosystem with Listing of State-Supervised Gold-Backed Stablecoin USDKG

TheNewsCrypto05/21 10:25

Encrypted ETF Weekly Report | Last Week, US Bitcoin Spot ETF Net Outflow $9.95 Billion; US Ethereum Spot ETF Net Outflow $255 Million

Last week, U.S. Bitcoin spot ETFs saw significant net outflows totaling $995 million over three days, with a major contribution of $317 million from BlackRock's IBIT. Their total net asset value (NAV) stands at $104.2 billion. U.S. Ethereum spot ETFs also experienced net outflows of $255 million over five days, largely from BlackRock's ETHA ($186 million out), bringing their total NAV to $12.93 billion. In Hong Kong, Bitcoin spot ETFs recorded a net outflow of 24.91 BTC, reducing their NAV to $323 million. Hong Kong's Ethereum spot ETFs saw no inflows, with an NAV of $68.13 million. U.S. Bitcoin spot ETF options showed increased activity, with a total nominal trading volume of $797 million and a put/call trading ratio of 1.63, indicating a bullish market sentiment. The total open interest reached $23.08 billion. Key developments include VanEck and Grayscale simultaneously filing amended proposals for BNB ETFs, signaling potential SEC review progress. Grayscale also filed for the first U.S. privacy coin ETF (Zcash). Avenir Group remains Asia's largest institutional holder of Bitcoin ETFs. 21Shares launched an actively managed crypto ETF (TKNS), and Bitwise's Hyperliquid ETF (BHYP) is set to list on the NYSE. Institutional activity varied: JPMorgan dramatically increased its Bitcoin ETF holdings (IBIT up 174%), while Jane Street significantly reduced its exposure (IBIT down 71%). Dartmouth College disclosed holdings of $7.7M in Bitcoin ETF and $3.4M in a Solana ETF.

链捕手05/18 02:01

Encrypted ETF Weekly Report | Last Week, US Bitcoin Spot ETF Net Outflow $9.95 Billion; US Ethereum Spot ETF Net Outflow $255 Million

链捕手05/18 02:01

Standing Tall Through Storms, Gathering in Hong Kong to Ride the Tide | Registration Opens for Conflux Tree-Graph Digital Finance & Ecosystem Development Conference

Every technological wave quietly reshapes the world. From the steam engine to the internet and the digital economy, each has been a growth engine. Today, the convergence of blockchain, AI, and digital finance is accelerating a new transformation. Digital assets are reaching new peaks, global regulatory attitudes are clarifying, and concepts like RWA and stablecoins are scaling into real-world applications. AI Agents are beginning to participate in human production. We stand at a historic juncture where traditional and digital finance are deeply integrating, presenting clear opportunities and tangible challenges. Having operated stably for five years and connected multiple regions globally, Conflux Network continues to serve digital finance and on-chain applications. Hong Kong, as an international financial hub bridging China and the world, is seeing progressive exploration and improved frameworks for Web3 and digital finance. Leveraging Conflux's technical foundation, the Conflux Digital Finance and Ecosystem Development Summit will be held in Hong Kong from May 13 to 15, 2026. This event will foster in-depth dialogue on the future: discussing the evolution of digital financial infrastructure, the compliant implementation of RWA and stablecoins, ecosystem reshaping and on-chain governance in the age of AI Agents, and Web3 security frameworks. It will gather global scholars, entrepreneurs, investors, financial institutions, and industry representatives for cross-disciplinary exchange. On the final day, Conflux will co-host a themed salon with The University of Hong Kong to share these future-oriented discussions with the next generation. As technology moves from "usable" to "scalable," and finance evolves from "digital" to "on-chain and intelligent," industrial restructuring is underway. Whether you are a developer, researcher, entrepreneur, or an explorer curious about digital finance and Web3, we look forward to meeting you in Hong Kong.

marsbit05/09 03:06

Standing Tall Through Storms, Gathering in Hong Kong to Ride the Tide | Registration Opens for Conflux Tree-Graph Digital Finance & Ecosystem Development Conference

marsbit05/09 03:06

Shenzhen's Airdrop Hunters Are Now Turning to Hong Kong Stock IPOs

Shenzhen, a city synonymous with ambition and rapid growth, has long been a hub for those capitalizing on information and opportunity gaps. From its origins as a small fishing village, it has transformed into a global center for electronics, manufacturing, and innovation, home to giants like Huawei, Tencent, and DJI. Arez, a typical Shenzhen entrepreneur in his early thirties, runs an airdrop farming studio in Nanshan. In 2023, his team profited significantly from major airdrops including Arbitrum, Starknet, and LayerZero. At its peak, the operation managed thousands of on-chain addresses, utilizing scripts, IP proxies, KYC resources, and capital rotation to maximize returns. Now, like many others in Shenzhen’s dynamic speculative economy, Arez and his peers are shifting focus—this time to Hong Kong’s IPO market, seeking new avenues for profit in ever-evolving financial landscapes.

marsbit04/24 08:22

Shenzhen's Airdrop Hunters Are Now Turning to Hong Kong Stock IPOs

marsbit04/24 08:22

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