... the two via a technology park on a disputed swamp by the border that aims to revitalize Hong Kong’s sagging economy and add fuel to Shenzhen’s nascent startup boom. The proposed 87-hectare park, called the Lok Ma Chau Loop, is the largest proposal ... ( read original story ...)
Uber, Airbnb show Hong Kong’s inability to adapt to changing times and technology
the Hong Kong government demonstrated to the world how enfeebled its bureaucrats have become in the face of overpowering entrenched cartels. Last week, Secretary for Transport and Housing Anthony Cheung Bing-leung said Uber must change its business model ... ( read original story ...)
CEO of Neo Financial Linda Wong: China’s FinTech will lead global development
HONG KONG, June 9, 2017 /PRNewswire/ -- On 2nd June ... At the summit, CEO of Neo Financial, Linda Wong and McKinsey partner, Vinayak HV, launched an engaging discussion on the topic of "China vs The World: Who Will Win The FinTech Revolution?" ( read original story ...)
Hong Kong puts brakes on Uber in its road map for the future
Uber must change its business model and run like existing taxi companies for a chance to be legalised, Hong Kong’s transport minister said on Wednesday as he effectively blotted out the car-hailing company’s future while unveiling a road map for the ... ( read original story ...)
amaBhungane and Scorpio #GuptaLeaks: Guptas and associates score R5.3bn in locomotives kickbacks
CSR (Hong Kong) was a subsidiary of China South Rail (CSR), the mainland ... In December 2012, Transnet appointed a consortium led by global consultants McKinsey to advise on the 1,064 procurement. As amaBhungane previously reported, advisory firm ... ( read original story ...)
Ant Financial seen becoming world’s top consumer bank
HONG KONG -- In a world that embraces disruptive technology ... sanguine about the prospect of Ant Financial conquering the world. Vinayak HV, who leads McKinsey's digital banking practice in the Asia-Pacific, doubts if the young company, when trying ... ( read original story ...)
Skyline views, river cruise part of Windy City fun
Joanne is an executive assistant at giant consulting firm McKinsey, but also volunteers as a Choose Chicago ... Magnificent Mile rounds out the experience. The mantra of the Hong Kong-based Peninsula chain for its Chicago property is Midwestern hospitality ... ( read original story ...)
Boards Of Directors — Shaping To Today’s World
He was based in Hong Kong for 17 years, where he served as the CEO of Cerberus ... earlier in his career, he was with McKinsey & Company. He speaks Mandarin and teaches corporate governance, private equity, U.S.-China relations, and innovation at the ... ( read original story ...)
Why luxury watchmakers are targeting fashion lovers through e-commerce sites
McKinsey & Company projects that by 2025 ... is not too concerned about how his business would be greatly influenced by this development. “In places like Hong Kong, brick-and-mortar stores are so accessible,” he says. “It’s convenient for customers ... ( read original story ...)
Willis Towers Watson appoints head of investments for APAC
Ogai began his career in asset management, and before joining Willis Towers Watson worked at the management consultancy McKinsey & Company ... Pacific outside of Japan and Australia. Based in Hong Kong, Bok will start in this newly created role on July ... ( read original story ...)
Spotify targets Asia for growth ahead of listing
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 ...)