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Category: BUSINESS

Posted on 03/08/2018

Hong Kong’s CK Hutchison sees first-half profit rise in solid start for new chairman Victor Li

Hong Kong conglomerate Cheung Kong Hutchison reported a 13 per cent rise in first-half profit, handing tycoon Victor Li Tzar-kuoi a solid start to his tenure as chairman after he officially took over ... ( read original story ...)

Posted on 01/08/2018

Hong Kong heatwave set to roll on although ‘start of autumn’ nears – at least in ancient China’s solar terms

The “start of autumn” is almost upon us but that does not mean Hong Kong’s sweltering heat is about to ease too much, weather forecasters say. Maximum temperatures will hit the 33 degrees Celsius mark ... ( read original story ...)

Posted on 01/08/2018

As Hong Kong’s freedoms fade, expect ‘business as usual’ from Britain’s new envoy Jeremy Hunt

Mr Hunt went to China and little has changed. When it came to Hong Kong, the new Foreign Secretary claimed to have had ‘extensive’ and ‘frank’ discussions about the implementation of One Country Two S... ( read original story ...)

Posted on 31/07/2018

Hong Kong fintech fundraising slows down to a trickle as China steals the show in the first half

“The fall was due to many Hong Kong start-ups having already raised funds last year,” said Joseph Tong Tang, chairman of Morton Securities, who also invests in fintech start-ups, adding that the lull ... ( read original story ...)

Posted on 31/07/2018

Hong Kong home prices start to lose steam as price growth slows for second straight month in June

The prices of lived-in homes in Hong Kong gained for a 27th straight month in June, but the rate of increase slowed down for a second straight month. An index of secondary-market home prices rose 6.3 ... ( read original story ...)

Posted on 31/07/2018

Could red tape stifle interest in Hong Kong government’s US$255 million fund for tech start-ups?

Venture capitalists chosen to take part in the Hong Kong government’s HK$2 billion (US$254.9 million) Innovation and Technology Venture Fund (ITVF) have expressed concerns that too much paperwork and ... ( read original story ...)

Posted on 31/07/2018

China Startups Brace For ‘Capital Winter’ As VC Funding Slows

Speaking on the sidelines of Forbes Asia’s Under 30 Summit in Hong Kong, a number of young investors and honorees ... “There is too much money in China. The not qualified startups are getting funding, ... ( read original story ...)

Posted on 31/07/2018

Singapore’s Hmlet acquires Hong Kong rival co-living rental ‘we r urban’

Hmlet, a co-living rental startup based out of Singapore has recently announced that it has agreed to acquire its Hong Kong competitor 'we r urban.' The deal marks Hmlet’s expansion into the Hong Kong ... ( read original story ...)

Posted on 31/07/2018

Keep forgetting your password? So does former finance chief John Tsang, and that’s why he’s backing this fintech start-up

But I believe in fintech and the commercial power of the mobile phone, because now over 80 per cent of people in Hong Kong have a mobile phone,” said Tsang, who recently invested in and was made chair... ( read original story ...)

Posted on 31/07/2018

Announcing the 11 companies of #propUP Techstars Startup Program powered by MTR!

We are excited to announce the eleven companies that will be joining #propUP Techstars Startup Program powered by MTR in Hong Kong. In less than three months, we have 132 promising companies all over ... ( read original story ...)

Posted on 31/07/2018

Eight Startups Selected for Accenture’s 2018 FinTech Innovation Lab Asia-Pacific After Record Number of Applications

Cyberport, which is one of the founding organizations of the FinTech Innovation Lab Asia-Pacific, will provide workspace to participating start-ups. It houses the largest fintech community in Hong Kon... ( read original story ...)

Posted on 31/07/2018

Capital controls? No problem for Tencent-backed Futu, the overseas trading app for Chinese investors

In its more established market of Hong Kong, daily trade on the Futu app now accounted for ... many rich people had already parked a considerable proportion of their wealth overseas. A McKinsey report ... ( read original story ...)

Posted on 31/07/2018

Melbourne-Hong Kong business class: Cathay Pacific vs Qantas vs Virgin

Receive 75,000 bonus Qantas Points and $200 back to your new ANZ Frequent Flyer Black credit card when you make one eligible purchase in the first 3 months. Eligibility criteria, T&Cs, fees and charge... ( read original story ...)

Posted on 29/07/2018

Hong Kong’s industrialists are moving out of mainland China to safer havens in Sino-US trade war

Another strategy could be for Hong Kong’s industrialists to turn their business strategies from exports toward China’s growing market of affluent consumers, with their voracious appetite for products, ... ( read original story ...)

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