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 ...)
Dirty fighting in some of Hong Kong’s wealthiest families may undo value of kinship
“I feel a little bit sorry for HSBC,” said John Ashwood, Hong Kong managing director at Zedra, a trust services specialist. “What’s going on has nothing to do with the working of the trust but rather a dispute within the Lo family.” The Lo clan ... ( read original story ...)
Hong Kong’s ‘silver tsunami’ will require a holistic approach to health care, top US medicine scholar says
Integrated efforts both inside and outside government will be required to tackle health care challenges brought by Hong Kong’s ageing population, the head of a top American medical institution said. Professor Victor Dzau, president of the US National ... ( 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 ...)
Wonderland Villas: A Tale of Hong Kong’s Property Rollercoaster
Hong Kong: Red-whiskered bulbuls start chirping around 5:00 am at Wonderland Villas, a hilltop complex in leafy northern Hong Kong whose own history charts the city's political, economic and social fortunes. Built in 1984, the year colonial power Britain ... ( read original story ...)
Divorce Is Pushing Hong Kong’s House Prices Even Higher
The usual suspects for Hong Kong’s sky-high property prices are low interest rates, a housing shortage and demand from mainland China. But there’s another unforeseen factor: divorce. Demand for separations and remarriages have accelerated sharply over ... ( read original story ...)
Finance giants step in to Hong Kong gay court battle
Major international finance institutions in Hong Kong made a landmark intervention Wednesday in the case of a gay couple struggling to get their rights recognised by the city's courts. The 12 businesses -- including Morgan Stanley, Goldman Sachs and Credit ... ( read original story ...)
Hong Kong’s next leader Carrie Lam promises bigger part for youth to play in making policies
With just weeks to go before being sworn in as Hong Kong’s next leader, Carrie Lam Cheng Yuet-ngor has pledged to provide a platform for the young generation to participate in politics and allow them a bigger say in policymaking. The chief executive ... ( read original story ...)
Hong Kong cleaner jailed after letting strangers into mahjong school to cheat customers
A cleaner was jailed for eight months by a Hong Kong court on Tuesday for helping strangers enter a mahjong school in Yau Ma Tei to cheat customers. The Kowloon City Court heard that two men had switched the school’s tiles with those that were marked to ... ( read original story ...)
WuXi Won’t Make Hong Kong IPOs Hot
Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. The words hot and Hong Kong IPO haven't been seen in the same sentence for quite some time. ( 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 ...)