Here's why: Asia represents a big opportunity for music streamers, as only 14% of global digital music revenue comes from the region, according to McKinsey ... Malaysia, Hong Kong, and Indonesia is Tencent-owned Joox, and this is largely due to the ... ( read original story ...)
Visa eyes big bucks from ‘contactless payments’
According to McKinsey estimate, digital banking users will be around ... Over the past seven years, contactless payments have grown in Australia, Taiwan, New Zealand, Singapore and Hong Kong. For instance, in Australia, over 60 per cent of all face-to ... ( read original story ...)
Hong Kong EV Startup Touts Technological Edge
SHANGHAI – Thunder Power, a Hong Kong-based electric-vehicle startup, proclaims an ambitious goal: to make the most desirable EV in China. “An obvious difference between us and (U.S. EV maker) Tesla is we have the key technologies before actually ... ( read original story ...)
Search is on for top business talent in Hong Kong
The longest-running and most recognised business awards programme in Hong Kong, the DHL/SCMP Hong Kong Business Awards kicked off its 2017 campaign on Monday. There will be nine award categories this year – Business Person of the Year, Executive, Owner ... ( read original story ...)
Hong Kong role in wildlife smuggling in spotlight as African rangers beg for ivory ban
... tales of elephant poaching at a public hearing in Hong Kong on Tuesday, the latest attempt to halt wildlife trafficking through the Chinese-ruled city, as ivory traders defended their business. Hong Kong, at the mouth of China's Pearl River Delta ... ( read original story ...)
Hong Kong stocks set to open lower after Wall Street retreat
Hong Kong stocks are expected to open lower on Tuesday morning as futures in the city traded lower after the US market retreated from record highs reached late last week. Hang Seng Index futures were down 0.12 per cent or 30 points to 25,635 in the pre ... ( read original story ...)
Hong Kong’s 20-square-foot ‘coffin homes’ reveal the terrifying scope of a housing crisis
As housing prices continue to soar in Hong Kong, some residents are taking anything they can get — even if that means living in a so-called "coffin home." At least 200,000 people live in these homes, which measure just 4'x6' and sit stacked one top of ... ( read original story ...)
Hong Kong, China stocks close lower; coal sector rallies amid merger talks
Hong Kong shares closed lower on Monday, as investors moved to the sidelines following sharp gains the prior week, while the coal sector advanced amid merger talks between two major Chinese energy giants. Analysts also cited concerns over the latest round ... ( read original story ...)
Hong Kong stocks set to open higher after record high on Wall Street
The Hong Kong market is likely to open higher Monday, tracking Wall Street which hit a record high on Friday. Hang Seng Index futures dropped 0.04 per cent, or 11 points to 25,702 in the pre-trade session on Monday morning, while Hang Seng China ... ( read original story ...)
Hong Kong should add global stocks for mainland investors to trade, SFC’s Tong says
International companies that have raised capital on Hong Kong’s stock exchange should also be available to mainland Chinese investors under the city’s so-called Stock Connect schemes, said the Securities & Futures Commission’s chairman Carlson Tong ... ( read original story ...)
Hong Kong remains stranded in the wake of mainland China’s post-Tiananmen growth
Tiananmen only heightened Hong Kong’s uncertainty about 1997. But looking back, what looked like a revelation of cruel and absolute truth has today been rendered impermanent and transient. China is now the second-largest economy in the world. Over the pa ... ( read original story ...)
Offshore yuan term deposit rate tipped to soar in Hong Kong
Passersby walk in front of the main branch of Standard Chartered in Hong Kong. The bank is one of the lenders in the city that hiked the renminbi term deposit interest rates on Thursday. [Photo/Agencies] Financial analysts attribute prediction to high ... ( read original story ...)
Second-hand bookshop to reopen as social enterprise after donors save business
The owner of a failing second-hand bookstore in Hong Kong which was rescued by HK$150,000 in donations ... The 53-year-old bookseller from Wong Tai Sin, who founded his business in December 1997 shortly after the handover, said he is now considering ... ( read original story ...)
Lotus Exige enthrals Hong Kong Auto Show as Guangzhou Auto reveals export potential of GS8
The inaugural Hong Kong Auto Show presented a wide range of Chinese and international cars at the Hong Kong Convention and Exhibition Centre last weekend. The following five made the strongest impression. The show’s highlight was the Lotus Exige Sport ... ( read original story ...)