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Category: BUSINESS

Posted on 15/01/2019

Hong Kong self-driving start-up AutoX in talks to raise up to US$100 million in funding

“Hong Kong is home to a low tax as well as innovative business environment,” Xiao said in an interview at CES tech show in Las Vegas last week, where the company delivered burgers and fries by robo-ca... ( read original story ...)

Posted on 15/01/2019

Government presses Hong Kong Airlines to further clarify finances, casting fresh doubt on troubled carrier’s business

The authorities have requested that Hong Kong Airlines further clarify and provide information about its financial situation, casting fresh doubt over the troubled carrier’s business viability. In a l... ( read original story ...)

Posted on 15/01/2019

Hong Kong Investment Promotion chief visits London and Milan to promote Hong Kong’s latest business advantages

香港, 2019年1月14日 - (JCN Newswire) - The Director-General of Investment Promotion of the Hong Kong Special Administrative Region, Mr Stephen Phillips, today (January 14) started his visits to London in t... ( read original story ...)

Posted on 15/01/2019

Hong Kong’s ‘spicy measures’ are here to stay, even as property prices slump, say government officials

Any hope for first-time buyers of paying less initial deposit to buy a home was once again quashed as a senior government official reiterated on Monday that Hong Kong’s mortgage policy remains unchang... ( read original story ...)

Posted on 15/01/2019

Doing Business in Hong Kong Seminar and Chinese New Year Reception (Bristol)

The event will highlight new opportunities and developments in Hong Kong and Greater Bay Area followed by the Chinese New Year celebrations. Invest Hong Kong (InvestHK), the Hong Kong Economic and Tra... ( read original story ...)

Posted on 14/01/2019

Hong Kong, China stocks fall on worse-than-expected trade data out of China as trade war bites

Worse-than-expected trade data out of China deepened a morning slide in Hong Kong and mainland stocks ... concerns over increasing obstacles Huawei will face in conducting business in Europe, where ma... ( read original story ...)

Posted on 14/01/2019

Hong Kong self-driving start-up AutoX in talks to raise US$100 million funding

Hong Kong-based autonomous driving start-up AutoX is in talks with investors to raise a new round of funding to finance its research and development into self-driving cars. The company said it is in t... ( read original story ...)

Posted on 14/01/2019

Hong Kong’s first new residential property launch of 2019 gets off to a good start after developer cut prices by up to a third

Hong Kong’s first sales launch of a new residential property project in 2019 got off to a good start, as China Overseas Land and Investment sold most its latest apartment complex in Tai Po with steep ... ( read original story ...)

Posted on 13/01/2019

Debt-saddled HNA Group sued for HK$8.3 million in costs relating to surrender of Hong Kong office space

Embattled HNA Group is being sued by its office landlord in Hong Kong’s main business district over a debt of about HK$$8.3 million (US$1.06 million), according to a writ filed with the city’s High Co... ( read original story ...)

Posted on 13/01/2019

Hong Kong’s tunnel toll plan a good start, but only fewer cars will solve congestion

Secretary for Transport and Housing Frank Chan confirmed that the Central-Wan Chai bypass, which directly links Central with North Point and is designed to alleviate the constant congestion on Glouces... ( read original story ...)

Posted on 11/01/2019

Alibaba-Backed AI Startup Said to Mull Up to $1 Billion IPO

Megvii, the owner of facial recognition developer Face++, is considering an initial public offering in Hong Kong that could net as much as $1 billion, people familiar with the matter said. Megvii is w... ( read original story ...)

Posted on 11/01/2019

Hong Kong Airlines shrugs off cash flow concerns and says ‘it’s business as normal’ despite being under growing financial strain

Hong Kong Airlines has insisted it will be able to meet its financial obligations, despite sources saying it had been under growing strain over the past 12 months. Over that time the company has delay... ( read original story ...)

Posted on 11/01/2019

Hong Kong, Singapore investors keen on venture capital investment in Bangladesh: BIDA

Young entrepreneurs who take the risk of starting a new business or startup need that initial funding. Aminul Islam engages with all venture capital-related organisations to increase investments ... ( read original story ...)

Posted on 11/01/2019

Fears of cargo cartel spark probe into ‘super alliance’ at Hong Kong container terminal

Hong Kong’s competition watchdog has opened an unprecedented investigation into whether a new “super alliance” between four of the five operators at one of the world’s busiest container ports breaches ... ( read original story ...)

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