Which financial terms are Hongkongers searching for on Google? iBonds 2021 beats GME, Kuaishou, Xiaomi, Tesla and NFTs to top the annual list

Asia's Tech News Daily

GameStop, overbought by 3.6 times, soared to a record high, Nerds versus Wall Street, used social media networks, Xiaomi, US$1.5 billion in late March, estimated 500 brands, Tesla, Non-fungible tokens, Everydays – The First 5,000 Days, “ARTIFACT” NFT standard in July, inaugural drop on November 23

The Hong Kong government’s inflation-linked debt, known as iBonds, topped Google’s annual ranking of the most-searched financial terms, underscoring the appetite for sound investments during the Covid-19 pandemic.

“iBond 2021” ranked first on Google Hong Kong’s Year in Search 2021 Top Trending Finance News chart, while “bitcoin price”, “Kuaishou” and the share prices of GME (GameStop), Xiaomi and Tesla also made the top 10 list.

Financial investment was “top of mind” for the city’s netizens, while people also “searched for financial information related to the technology sector or fintech,” Google Hong Kong said. The list was based on search terms that had the highest spike this year when compared to the previous year, according to Google.

The annual ranking of the world’s dominant internet search engine, with 91.4 per cent of worldwide market share in November according to Statcounter’s data, offers a snapshot of what netizens care about in the internet-connected world.

GameStop, overbought by 3.6 times, soared to a record high, Nerds versus Wall Street, used social media networks, Xiaomi, US$1.5 billion in late March, estimated 500 brands, Tesla, Non-fungible tokens, Everydays – The First 5,000 Days, “ARTIFACT” NFT standard in July, inaugural drop on November 23

A man with an iBond prospectus during a thunderstorm in Mong Kok on 1June 2021. Photo: Nora Tam

The latest iBonds were overbought by 3.6 times when they went on sale in June, attracting HK$54.58 billion (US$7.03 billion) of investments from 717,000 people, according to data released by the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank.

The iBonds are popular because they guarantee a minimum return of 2 per cent, with higher returns if consumer prices continue to rise. The iBonds will make an interest payment every six months based on the average rate of the consumer price index (CPI) over that half-year period. The minimum payment is double what the government offered four years ago.

The response was the strongest yet among all eight rounds of iBond offerings in the city, blowing past the HK$49.8 billion in principal attracted from applicants in 2012 and HK$39.6 billion in 2013. It was also higher than the HK$38.4 billion spent by about 460,000 investors in November last year.

“Bitcoin price” was the second-most searched term on Google in Hong Kong this year. The largest digital token – notorious for its volatility – soared to a record high of US$69,000 on November 10, but has plunged around 26 per cent since then.

“Kuaishou” followed in third place. The short video platform, which listed on the Hong Kong stock exchange in February, set a record as the most overbought initial public offering (IPO) in Hong Kong, as retail investors put in almost HK$1.3 trillion, oversubscribing the stock by 1,200 times of what was on offer.

Other trending results which made the top 10 on the list included the stock prices of GME, Xiaomi and Tesla. GME had a brief surge at the start of the year in the so-called “Nerds versus Wall Street” battle where stock punters used social media networks to trade against conventional wisdom by some of the world’s largest money managers.

GameStop, overbought by 3.6 times, soared to a record high, Nerds versus Wall Street, used social media networks, Xiaomi, US$1.5 billion in late March, estimated 500 brands, Tesla, Non-fungible tokens, Everydays – The First 5,000 Days, “ARTIFACT” NFT standard in July, inaugural drop on November 23

The digital collage “Everydays – The First 5000 Days” by the digital artist Beeples fetched US$69 million at a Christie’s auction in March. Photo: Christie’s

The interest in Xiaomi and Tesla underscored the boom in China’s electric car industry, where three of every five new vehicles on Chinese roads are expected to be powered by battery packs by 2030, according to UBS.

Xiaomi, one of China’s largest smartphone makers, announced a US$10 billion investment over the next decade, with an initial budget of US$1.5 billion in late March, to assemble smart electric cars, becoming the latest of an estimated 500 brands to compete with Tesla in the world’s largest vehicle market. Tesla is the market leader in China, outselling its nearest rival nearly five to one as recently as in September.

Non-fungible tokens (NFTs), the units of data stored on a blockchain that guarantees each digital asset to be unique, rounded off the bottom of the top 10 list.

GameStop, overbought by 3.6 times, soared to a record high, Nerds versus Wall Street, used social media networks, Xiaomi, US$1.5 billion in late March, estimated 500 brands, Tesla, Non-fungible tokens, Everydays – The First 5,000 Days, “ARTIFACT” NFT standard in July, inaugural drop on November 23

Different ARTIFACT trading cards will be assigned to various rarity levels.

Collectors and speculators alike had been making headlines this year by pouring record amounts of money into NFTs, with the digital artist Mike Winkelmann, also known as Beeple, fetching US$69 million for his artwork called “Everydays – The First 5,000 Days”.

South China Morning Post launched its own “ARTIFACT” NFT standard in July, followed by an inaugural drop on November 23 of NFTs comprising collectable digital cards commemorating some of the most notable events of 1997, including the Handover ceremony, as well as the passing of Deng Xiaoping and Princess Diana.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Felony charges are 1st in a fatal crash involving Autopilot

DETROIT — California prosecutors have filed two counts of vehicular manslaughter against the driver of a Tesla on Autopilot who ran a red light, slammed into another car and killed ... Read more »

JD, Shopify to help US merchants sell in China

The Associated PressVisitors walk past a booth for Chinese online retailer JD.com at the China International Fair for Trade in Services (CIFTIS) in Beijing, Friday, Sept. 3, 2021. JD.com Inc., ... Read more »

Whaleshark, mysterious collector of 400,000 NFTs, sees Hong Kong as a hub for the digital token that is gaining fans

WhaleShark, one of the most mysterious and active non-fungible token (NFT) collectors in the world with a portfolio of more than 400,000 items, sees Hong Kong as a hub for ... Read more »

New railway route connecting Moscow, Quanzhou — Xinhua

This is the first freight train traveling from China to Europe from the city of Quanzhou in the Fujian Province Read more »

Moldova may declare state of emergency if Gazprom doesn't give deferral on gas payments

In October, Moldovagaz and Gazprom extended the contract for the supply of gas for five years Read more »

Hong Kong fund to sell Burger King business in Japan, South Korea for possibly over US$1 billion

https://www.channelnewsasia.com/business/hong-kong-fund-sell-japan-south-korea-burger-king-business-deal-over-us1-billion-2442466 Affinity Equity Partners, a Hong Kong private equity firm, has appointed Goldman Sachs to sell its Burger King fast-food businesses in South Korea and Japan in a deal that ... Read more »

Spain starts cracking down on crypto ads, may put limits on ‘influencers'

Spanish financial regulators want social media influencers with more than 100,000 followers to submit their posts promoting cryptocurrency 10 days in advance. Getty Images/iStockphoto Regulators in Spain are tightening the ... Read more »

Elon Musk claims accounts tracking his travel plans ‘becoming a security issue'

Sawyer Merritt explained that there were “accounts literally dedicated to tracking Elon’s every move.” Theo Wargo/Getty Images for TIME Social-media rumors about Elon Musk’s travel plans are becoming a safety ... Read more »

US reportedly orders WhatsApp to track some Chinese users

The US has been secretly tracking a group of Chinese users of the popular messaging service WhatsApp since November, possibly in an effort to halt illegal opioid sales, Forbes has ... Read more »

US plans $50B wildfire fight where forests, suburbia meet up

The Associated PressFILE – Trees scorched by the Caldor Fire smolder in the Eldorado National Forest, Calif., Friday, Sept. 3, 2021. The Biden administration wants to thin more forests and ... Read more »

Rome villa with Caravaggio fails to sell, to be reauctioned

The Associated PressFILE – Princess Rita Boncompagni Ludovisi stands beneath a fresco by Italian Baroque painter Giovanni Francesco Barbieri, known as Guercino, inside The Casino dell’Aurora, also known as Villa ... Read more »

New York Mayor Adams says city is winning the war against omicron as cases decline

Eric Adams, mayor of New York, speaks during a news conference outside the Manhattan Civil Courthouse in New York, on Thursday, Jan. 13, 2022.Stephanie Keith | Bloomberg | Getty Images ... Read more »

OPEC performance of Vienna Agreement was 126% of target — report

Agreement participants produced 23.83 mln barrels of crude oil per day in December 2021, compared to 24.3 mln barrels per day allowed under terms of the deal Read more »

Electric Truck News: Ford F-150 Lightning Or Chevrolet Silverado EV?

© InsideEVs USNdGoamax4 On the second episode of the Plugged-In Podcast we discuss all things electric trucks. There has been a lot of news in the electric truck space lately, ... Read more »

Non-OPEC oil supply to gain 3 mln barrels daily in 2022 — OPEC report

It means that the increase will reach 66.7 mln barrels per day Read more »

Russia shortens COVID-19 isolation to 7 days as cases surge

The Associated PressFILE – People eat their takeaway food sitting outside a cafe that is closed due to coronavirus in Moscow, Russia, Friday, Oct. 29, 2021. Russia is shortening the ... Read more »

Microsoft buys Activision Blizzard for US$69 billion in its biggest acquisition to create the world's third-largest gaming company

Microsoft said it’s buying Activision Blizzard in a US$68.7 billion deal, uniting two of the biggest forces in video games to create the world’s third-biggest gaming company. In its largest ... Read more »

Oil prices are at a 7-year high, but Exxon CEO Darren Woods says the ultimate trend is lower

Darren Woods, CEO, ExxonMobilMichael Newberg | CNBC Oil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East, but Exxon Mobil CEO ... Read more »

OECD oil stocks in November were 247 mln barrels below 5-year norm — OPEC

In current volumes, oil reserves covered the needs of OECD countries for 60.7 days Read more »

US stocks tumble, with Dow falling 439 points as surging bond yields batter big tech shares

© Xinhua News Agency/Getty Images Stocks have risen sharply over the last year, helping the Dow Jones finally break the 36,000 barrier. Xinhua News Agency/Getty Images Us stocks slipped on ... Read more »

OPEC maintains forecast for oil demand growth of 4.2 mln bpd in 2022

In 2022, demand is expected to increase to 100.8 mln bpd Read more »

New business residents plan to invest almost $328 million in Arkhangelsk Region

The new residents plan to organize more than 2,000 jobs Read more »

Under-fire Boris Johnson denies lying over lockdown parties

The Associated PressBritain’s Prime Minister Boris Johnson, gestures during a visit to Finchley Memorial Hospital, in North London, Tuesday, Jan. 18, 2022. (Ian Vogler, Pool Photo via AP) LONDON — ... Read more »

Searching within Keen personal interest in wellness has helped Anthony Tan build a successful business where he can apply his beliefs.

Anthony Tan, Founder and managing director, AJT Wellity Asia Co Ltd At first sight, Anthony Tan doesn't look much like his publicity photograph. His grey hair is short and in ... Read more »

Peloton hires McKinsey to review cost structure; cycle maker may cut jobs, close stores

John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company's initial public offering (IPO) in front of the Nasdaq MarketSite in New ... Read more »

Germany interested in cooperation on renewable energy with Russia, top diplomat says

The German foreign minister noted that Russia has a huge potential in the field of green hydrogen Read more »

Goldman Sachs Q4 profits fall as compensation costs soar

The Associated PressFILE – The logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange, Tuesday, July 13, 2021. Goldman Sachs’ said, ... Read more »

The Gap Between Tesla And Its Rivals Is Widening

© insideEvs.com Copyright Tesla Model Y (MIC) (source: Tesla Greater China) By the middle of 2022, it will be interesting to see if Tesla or its German rivals sell more ... Read more »

Tesla Autopilot and other mainstream assisted driving systems far from reliable, Chinese study finds

Automated driving is still far from a reality in China, according to a new study of assisted driving systems of mainstream electric vehicles sold in the country, pouring cold water ... Read more »

German arms exports hit record after big sales to Egypt

BERLIN — Germany’s arms exports reached record levels in 2021, largely due to significant sales of maritime and air defense weapons to Egypt, officials said Tuesday. Preliminary figures released by ... Read more »

Nord Stream 2 politicizing is counterproductive, Lavrov says

Earlier, the German Federal Network Agency said that it suspended the process of Nord Stream 2 AG certification as an independent gas pipeline operator Read more »

Scott Tillery Explains The Four Elements of Organizational Behavior

Management must be aware of four elements of organizational behavior to create a productive and effective work environment. These elements are communication, motivation, leadership, and culture. Each one of these ... Read more »

Taiwanese scooter and battery maker Gogoro increases PIPE funding to US$285 million ahead of SPAC listing

Taiwanese smart scooter and electric battery maker Gogoro said it added Indian scooter maker Hero MotoCorp, American impact investing fund Engine No 1 and another investor in its latest funding ... Read more »

Meta Platforms appeals turnover-based fine worth $24.8 mln — court

The court is to consider the company’s complaint on February 15 Read more »

Phemex as the most prominent solution for traders

Nowadays, the cryptocurrency market is evolving rapidly. Traders struggle to find the most suitable, secure, and trustworthy cryptocurrency trading platform. Traders often face high fees, long transaction times, and data ... Read more »

Stocks making the biggest moves premarket: Alibaba, Citrix, 23andMe and others

Check out the companies making headlines before the bell: Alibaba (BABA) – Alibaba fell 3.8% in the premarket after a Reuters report said the Biden administration was reviewing the China-based ... Read more »

Technical Analysis Or Fundamental Analysis When Investing in Stocks?

When investing in stocks, investors are often stuck between following the market's momentum as indicated by technical analysis and buying shares based on the fundamentals of the business. For fundamental ... Read more »

Kremlin urges not to believe speculation about alleged sanctions against Russian banks

Dmitry Peskov also recalled that representatives of the SWIFT system had previously said that it was virtually impossible to disconnect Russia from it Read more »

Russian Railways to use extra locomotives on Baikal-Amur Mainline — company

Shipments of goods in Russia gained 5% from the start of January Read more »

The Sandbox developer Animoca Brands sees private valuation surge to US$5 billion amid metaverse, NFT frenzy

Hong Kong-based blockchain gaming company Animoca Brands, best known for championing non-fungible tokens (NFTs) in video games, saw its valuation soar to US$5 billion on Tuesday as investors continue to ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic