Hong Kong: The Next Generation won’t wait for banks

TNG is directly licensed and regulated in five places: Hong Kong, Singapore, Malaysia, Indonesia and the UK. Kong says TNG has applied for a virtual bank licence in Hong Kong and the UK, which would allow it to extend loans. That would mean it can enter ... ( read original story ...)

Xiaomi’s shrinking IPO shows tougher climate for China tech

Xiaomi's big Hong Kong IPO is shrinking. The Chinese smartphone maker is set to raise about 36 billion Hong Kong dollars ($4.7 billion) after pricing its public offering at the bottom of the planned range, a person familiar with the IPO told CNNMoney. ( read original story ...)