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Category: BUSINESS

Posted on 13/05/2024

126 startups pitched their ideas at EPiC in Hong Kong, but only 1 walked away with $100k

Some of the world’s most promising tech startups gathered at the International Commerce Center, Hong Kong’s tallest building, on November 8th to pitch their business ideas in the Elevator ...

Posted on 13/05/2024

Elon Musk’s AI Startup Could Reach A Whopping $20 Billion Valuation, Exceeding Initial Expectations

Elon Musk's artificial intelligence startup, xAI, is poised to reach a valuation of $20 billion, surpassing initial expectations, as investor interest continues to surge.

Posted on 12/05/2024

DHL Express expects supply chain shifts to boost its SE Asia business, reposes faith in Hong Kong’s role as Asian logistics hub

DHL sees business growth from supply chain shifts to Southeast and South Asia, regions close to China with friendly foreign investment policies, says DHL APAC CEO Hong Kong to efficiently serve as a ...

Posted on 12/05/2024

US supermarket chain Sam’s Club to launch online shopping in Hong Kong; one industry expert warns ‘retail crisis’ to hit city

The Post learns the megastore will roll out an e-commerce service for Hongkongers soon, with free delivery service available for purchases of 599 yuan 'Supermarkets and online platform HKTVmall will ...

Posted on 12/05/2024

Xinhua lashes out at West over attacks on Hong Kong after US report calls for more sanctions

Countries such as US and UK have confused right and wrong, and played with 'double standards' to deceive world, commentary published by agency says Commentary follows latest annual report by US ...

Posted on 11/05/2024

Hong Kong’s tourism sector can look to mainland China for a boost but avoid overreliance, leading business group says

Betty Yuen of the city’s General Chamber of Commerce says the sector can explore new markets in Asean and the Middle East.

Posted on 10/05/2024

When panic buying at a Hong Kong bakery chain led to a 3-day run on cakes, as thousands cashed in vouchers

When rumours spread that popular Hong Kong cake shop chain Maria's was closing down in 1984, customers holding cake vouchers started panic buying Around 400 bakers worked to deal with the surge in ...

Posted on 10/05/2024

Hong Kong wakes up to potential of silver economy, with more services, tech products for rising number of elderly

New government panel starts work, with experts urging long-term planning for city's greying population More 'gerontech' equipment being developed and tried out by seniors coping with frailties of ...

Posted on 10/05/2024

Asia Deal Digest: In Hong Kong, Listings and Privatization Create Small Streams of Work While Southeast Asian Investors Go Global

Filings for Hong Kong listings have increased but so have privatizations. Kirkland, Clifford Chance, Davis Polk and Skadden pick up work.

Posted on 10/05/2024

Startup to launch new fleet of self-driving boats with important mission: ‘We are hoping that we will make a real impact’

"We want to be the leader that brings in the electric revolution, like Tesla has done for cars." Startup to launch new fleet of self-driving boats with important mission: 'We are hoping that we will ...

Posted on 09/05/2024

Hong Kong puts Google in hot seat with ban on protest song

Hong Kong called it "unbelievable” when Google rebuffed its 2022 request to bury a popular protest song from search results. Now armed with an injunction, authorities are putting legal pressure on the ...

Posted on 09/05/2024

Hong Kong’s Templewater, BP unit lead US$111 million fundraising for Australian green hydrogen start-up Hysata

Hong Kong-based private equity firm and BP Ventures to invest US$10 million each in the latest funding round, helping Hysata to scale up its green hydrogen facilities in New South Wales.

Posted on 09/05/2024

Hong Kong Woos Saudi Money in Attempt to Revive Stock Market

Hong Kong is turning to oil-rich Saudi Arabia for new funds to help offset a growing list of challenges facing its stock market. Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That ...

Posted on 08/05/2024

Struggling Hong Kong bars hope lucky draw will provide shot in arm but Lan Kwai Fong’s Allan Zeman urges them to look beyond ‘desperate’ measures

Hong Kong Bar and Club Association chief hopes lucky draw launched on May 1 can increase business by 10 to 20 per cent Bar trade performed the worst out of the entire restaurant sector in the first ...

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