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Tag: business

Posted on 17/11/2023

Hong Kong stocks slide with Alibaba’s 10% sell-off as US tech war kills asset spinoff plan, Jack Ma to cut stake

Hong Kong stocks slumped, dragged down by Alibaba Group’s worst sell-off in more than a year, after China’s biggest e-commerce group scrapped a plan to spin off its cloud-computing business amid ...

Posted on 17/11/2023

Singapore startups struggle to find fintech talent amid competition with Abu Dhabi, Hong Kong

A funding squeeze and uncertain growth prospects are making Singapore startups less than gung-ho about adding to ... time to look for jobs in the Asian financial center. Rivals like Hong Kong and Abu ...

Posted on 16/11/2023

Hong Kong finance chief Paul Chan tells Silicon Valley city is open for business and ‘a place where you can make money’

Financial Secretary Paul Chan meets representatives from Silicon Valley start-ups, venture capital funds and private equity firms at lunch on sidelines of Apec summit.

Posted on 16/11/2023

Hong Kong food tech startup challenges Japanese bento market

HONG KONG -- Kamakura Foods, a Hong Kong startup founded by a Japan-educated former Sony chip engineer, is challenging the bento market in Japan, where the boxed lunches originated. The company plans ...

Posted on 16/11/2023

Finance chief vows to seize Apec opportunity to lure more US firms to Hong Kong, dispel ‘negative narratives’ about city

Paul Chan says he’ll encourage US firms to realise city’s development potential, especially in AI, big data analytics, biotech, fintech and advanced manufacturing.

Posted on 16/11/2023

Hong Kong to see launch of multicurrency e-wallets for cross border payments on Thursday, HKD-stablecoin to follow

RD Wallet Technologies, a fintech company founded by Hong Kong’s former central banker Norman Chan Tak-lam, will launch a digital wallet on Thursday allowing companies to make cross-border digital ...

Posted on 15/11/2023

Hong Kong’s finance chief vows to lure more US companies, dispel ‘negative narratives’ about city at Apec summit

Paul Chan says he'll encourage US firms to realise city's development potential, especially in AI, big data analytics, biotech, fintech and advanced manufacturing Minister also pledges to dispel ...

Posted on 15/11/2023

The bedbug crisis is starting to bite Asia

Rising bedbug concerns prompt intensified precautionary measures across resorts, hotels, airports and public transport.

Posted on 15/11/2023

HKSTP supercharges Hong Kong’s new-industrialisation mission with key microelectronics partnerships

J2 Semiconductor and Neta Auto choose Hong Kong Science Park for R&D centres, highlighting the city’s status as an international I&T hub.

Posted on 15/11/2023

Hong Kong luxury home rents rose as Singapore’s fell amid contrasting market conditions in third quarter

Hong Kong’s luxury home rents rose 1 per cent in the third quarter from the previous three-month period, while Singapore’s slipped by 1.7 per cent, highlighting the contrasting fortunes of Asia’s ...

Posted on 15/11/2023

Sustainable business: more Hong Kong firms are getting their ESG reporting checked by external auditors as investors look for reliable data, industry survey finds

Listed companies in Hong Kong are increasingly taking on external auditors to check their environmental, social and governance (ESG) reporting, as investors and stakeholders look for more reliable and ...

Posted on 15/11/2023

Swiss private bank UBP plans Hong Kong, Greater Bay Area expansion to satisfy growing wealth-management demand, CEO says

“Fortunately, I have not seen that change. Hong Kong is still full of energy. It is a booming city where every person is busy in doing business.” UBP sees a bright future for Hong Kong given its ...

Posted on 15/11/2023

DHL Express unveils US$410 million expansion of Hong Kong hub, bets on city’s international logistics centre status and new three-runway system

DHL Express has unveiled a HK$3.2 billion (US$409.7 million) expansion of its hub in Hong Kong, in a show of confidence in the city’s position as an international logistics centre.

Posted on 15/11/2023

Prize a shot in arm for Hong Kong innovation drive

Earthshot Prize for start-up GRST and its eco-friendly lithium battery technology shows Hong Kong has what it takes to confront environmental challenges The word "innovative" is used so often that it ...

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