HONG KONG, Jan. 13, 2017 /PRNewswire/ -- In its 13th year, Hong Kong Business High Flyers Awards honours outstanding firms and companies that have exemplified how an exceptional commitment to innovation, strong focus on customer service, and adherence to ... ( read original story ...)
McDonald's unloads its business in China
HONG KONG — McDonald's Corp. has agreed to sell the bulk of its China and Hong Kong business to the state-backed conglomerate Citic Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. ( read original story ...)
Half of today's work activities could be automated by 2055: McKinsey
At a time of lackluster productivity growth worldwide, automation technologies, including robotics, artificial intelligence and machine learning can give a needed boost to economic growth, Joe Ngai, managing director of McKinsey's Hong Kong office said ... ( read original story ...)
China badly needs robots to protect its economy from a shrinking labour force, McKinsey
“At this moment, China is investing the most in automation,” Joe Ngai, managing partner of McKinsey’s Hong Kong office, told reporters on Thursday. “I think China will make big progress in adopting automation in the coming years ... ( read original story ...)
HK startups revving up 'significantly'
The Hong Kong government's stepped up efforts to lift the innovation and technology sector have apparently paid off, with startup enterprises in the city reporting significant growth last year, along with those in the Pearl River Delta. Parker Zheng ... ( read original story ...)
The essential guide to Kowloon, Hong Kong's 'dark' side
Hong Kong's best hotels for amazing views Where to eat Hutong Hutong, which serves northern-style Chinese cuisine, offers stunning views of the city's central business district skyline across the harbor. Flavors in dishes served at this high-end restaurant ... ( read original story ...)
Yuk Wing Group Holdings Limited Trading Debut
HONG KONG--(BUSINESS WIRE)-- Yuk Wing Group Holdings Limited (“Yuk Wing”, together with its subsidiaries, the “Group”; stock code: 1536), a leading manufacturer and supplier of DTH rockdrilling tools in Hong Kong, announces its successful listing ... ( read original story ...)
Is There a Method to the “Madness” of Chinese Outbound M&A?
David and Paul are Partners in McKinsey’s Hong Kong office. Nick is Managing Partner of McKinsey’s Greater China Practice. ( read original story ...)
Hong Kong Startup Lalamove to Expand to 100 Cities with Series B Financing Completed, USD 30 Million Raised
HONG KONG--(BUSINESS WIRE)-- Lalamove, a Hong Kong based on-demand delivery company, completed its Series B Financing round, raising USD 30 million. The Series B Financing round was led by Xianghe Capital, a Beijing VC firm founded by former Head of Baidu ... ( read original story ...)
Entrepreneurs and Venture Capitalists, Hong Kong – Not Silicon Valley – Is Where You Want to be in 2017 and Beyond
[1] The numbers bear that out: consecutive years of double-digit growth in both startups and entrepreneurs means Hong Kong is now home to over 1,900 startups.[2] Hong Kong startups have not neglected a technological wave that can revolutionise business ... ( read original story ...)
GLG Welcomes Stephan Bosshart and Eddie Kong to Asia-Pacific Leadership Team
where he managed and developed new schools in Hong Kong. From 2013 to 2016, Kong was the Head of Operations Development at The Kowloon Motor Bus Company. Kong spent several years at McKinsey & Co. after beginning his career at Cathay Pacific Airways. ( read original story ...)
McDonald's sells most of China, HK business to CITIC, Carlyle for $2.1 billion
HONG KONG McDonald's Corp (MCD.N) has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd (0267.HK) and Carlyle Group LP (CG.O) for up to $2.1 billion, seeking to expand rapidly without using much of its own ... ( read original story ...)
McDonald's Sells China, HK business to CITIC, Carlyle for $2.1B
McDonald's has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC and Carlyle Group for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. Continue Reading Below The 20-year deal ... ( read original story ...)
McDonald's sells most of China, HK business to CITIC, Carlyle for US$2.1 billion
HONG KONG: McDonald's Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to US$2.1 billion, seeking to expand rapidly without using much of its own capital. The 20-year ... ( read original story ...)