Meituan Dianping, the Chinese food reviews and delivery giant backed by Tencent Holdings, has begun discussions on a Hong Kong initial public offering ... Meituan, the world’s fourth most valuable startup with a latest valuation of US$30 billion, is ... ( read original story ...)
No Revenue? No Problem—Hong Kong Draws Biotech Firms Looking to List
U.S. companies looking to go public include Moderna Therapeutics Inc., a Cambridge, Mass.-based startup that is considering a dual listing on Nasdaq and Hong Kong as early as next year, according to a person familiar with the company’s plans. Moderna ... ( read original story ...)
NKorean sanctions evasions reveal Hong Kong’s middleman role
The findings underscore rising concern over the southern Chinese financial capital's role as a nexus for North Korea's underground business network, which has led the U.S. government to urge Hong Kong authorities to crack down. The corporate registration ... ( read original story ...)
One in seven in Hong Kong is a millionaire as property and stock market rallies boost wealth
Hong Kong millionaires said 55 per cent of their money was generated from their salary, while mainlanders said 55 per cent accumulated their wealth from running a business. The rest was from investments and inheritance from parents. About 71 per cent of ... ( read original story ...)
CPA Australia Survey: Hong Kong’s small businesses are becoming more tech savvy and experiencing positive business conditions
HONG KONG, March 22, 2018 /PRNewswire/ -- Hong Kong small businesses that are investing in technology are enjoying quick returns on their investment, which is leading to the sector topping small businesses from other advanced economies in the adoption of ... ( read original story ...)
Hong Kong Stock Exchange Looks to ASX for Blockchain Equity Settlement
The Hong Kong Stock Exchange (HKEX ... As reported by CoinDesk, the ASX announced last December that, using technology developed by blockchain startup Digital Asset, it has become the first stock exchange to have shifted one of its main services to ... ( read original story ...)
How I boosted my entrepreneurial skills and founded a Hong Kong start-up
Salandra, who was born in El Salvador, started out working as an intern at Google, before moving on to IBM and then fitness app start-up Runtastic. He came to Hong Kong in 2015 to do his MBA, where the CUHK alumni introduced him and other students to CEOs ... ( read original story ...)
Small companies in Hong Kong, China rank top of the class in using technology to achieve growth, CPA survey finds
Hong Kong and mainland China’s small business operators are more willing to invest and make use of technologies in their operations than Singapore and Australia, a strategy that helps them to achieve better growth, according to a survey of CPA Australia. ( read original story ...)
Speech by SCED at “Hong Kong: Your Partner in Exploring New Business Opportunities” business luncheon seminar in Cambodia (English only) (with photos)
Following is the speech by the Secretary for Commerce and Economic Development, Mr Edward Yau, at the "Hong Kong: Your Partner in Exploring New Business Opportunities" business luncheon seminar in Phnom Penh, Cambodia, today (March 20): Mr Yum (Chairman of ... ( read original story ...)
Hong Kong business delegation visits Cambodia
Sok Chan / Khmer Times No Comments Share: Thomas Chan Kwok Cheung, president of The Hong Kong Institute of Engineers (centre), a member of the business delegation visiting Phnom Penh yesterday. MOC As part of a delegation exploring business opportunities ... ( read original story ...)
Hong Kong business and professional delegation visits Cambodia (with photos)
A 48-strong Hong Kong delegation comprising businessmen and professionals led by the Secretary for Commerce and Economic Development, Mr Edward Yau, arrived in Phnom Penh today (March 19) for the first leg of their visit to Cambodia and Vietnam, meeting ... ( read original story ...)
HKTDC Launches New “Start-up Express” Incubation Programme
HONG KONG, Mar, 19 2018 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) has launched a new incubation programme, Start-up Express, to help start-ups build networks, market business and attract investment. Each of the 10 winners is ... ( read original story ...)
Wealth management in an era of robots, regulation, and new money
I’m delighted to be joined on the line by Joe Ngai, who is a partner in McKinsey’s Hong Kong office. Joe is the managing partner of McKinsey’s offices in Greater China overall. Joe, thanks very much for taking the time to speak. Joe Ngai: Of course. ( read original story ...)
Bitcoin start-ups in Asia take aim at remittances market
Used as a transfer mechanism rather than a currency, bitcoin circumvents banks’ transaction fees. Start-ups such as Bitspark in Hong Kong, and Bloom, Payphil, coins.ph and Satoshi Citadel Industries’ (SCI) remittance unit Rebit in Philippines ... ( read original story ...)