HK01 founder Yu Pun-hoi declared bankrupt

Online media HK01 founder Yu Pun-hoi was declared bankrupt on Tuesday for failing to repay his debt of more than HK$416 million to an investment bank. Locally based CCB International Overseas Ltd had previously filed a bankruptcy petition against Yu at the High Court. It was reported that a company owned by Yu,…

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Could X go bankrupt under Elon Musk?

Getty Images Elon Musk speaks during the New York Times annual DealBook summit Elon Musk’s profane attack on advertisers boycotting X, formerly known as Twitter, has baffled experts. If advertisers keep leaving and don’t come back, can X survive? In April, I sat down with Musk for the first of his many chaotic interviews about…