How will Hong Kong fare in the new wave of automation?

Today, Hong Kong has a thriving service sector, which, on average, will be slower to be replaced by automation than manufacturing. Applying the expected automation potential from the McKinsey analysis to the current industry mix in Hong Kong, only about 25 ... ( read original story ...)

HK startup GoGoVan to merge with China-based 58 Suyun

GoGoVan, a Hong Kong startup that has created an app-based platform for logistics services through vans, will be merging with mainland-based 58 Suyun, a freight unit of internet marketplace 58 Home. When the transaction is completed, 58 Home will emerge ... ( read original story ...)

Hong Kong teams up with Dubai to promote fintech innovation

Hong Kong’s securities watchdog has teamed up with its counterpart ... for customers but many brokers are still hesitant to widely adopt fintech or AI in their business for fear of liability and regulatory issues,” said Mau. “If the SFC and other ... ( read original story ...)

Hong Kong, mainland stocks breach major landmarks

Hong Kong and mainland stocks both registered major landmarks on Monday. The Hang Seng Index now looks set to close above 28,000 for the first time since May 2015, with a gain of as much as 0.8 per cent in the morning session, while the Shanghai Composite ... ( read original story ...)