Scottish Development International (SDI) has today announced the successful conclusion of a new inward investment fintech project from Hong Kong. Financial services tech specialist Actelligent Company ... ( read original story ...)
Hong Kong’s Hsin Chong defaults on US$150 million senior debt
Hsin Chong Group, a major construction company in Hong Kong, has defaulted on its US$150 million senior notes, according to an exchange filing. The senior notes, carrying a fixed annual rate of 8.5 pe... ( read original story ...)
Want to work until 70? If not, you better start saving a lot more, warns a survey of Hongkongers
“Hong Kong people are living longer. To avoid spending their golden years worrying about finances, they should start retirement planning as early as possible and avoid relying on a single investment t... ( read original story ...)
Hong Kong’s Lalamove expands to India
The beta launch was confirmed by Blake Larson, Lalamove’s managing director, international, at the StartmeupHK 2019 festival in the startup’s home city of Hong Kong. The last-mile logistics provider i... ( read original story ...)
Hong Kong’s Atom Is First to Use LSE Tech for Crypto Exchange
Hong Kong-based Atom’s AAX exchange is set to debut by end-June ... He’d previously created Cinera, a startup that developed a virtual reality home theater system, according to a company biography. ( read original story ...)
SpiceJet’s cargo arm SpiceXpress starts Hong Kong-Guwahati freighter service
Jan 21, 2019: SpiceXpress, the dedicated cargo arm of SpiceJet, has launched dedicated freighter services between Guwahati, a city in the Indian state of Assam and Hong Kong. To start with, SpiceXpres... ( read original story ...)
Hong Kong buyers expect further declines in London home prices, delay investment
Hong Kong investors expect further declines in the prices of London homes because of uncertainty around Brexit, and are delaying investment, according to industry experts. Chris Harvey, a partner at l... ( read original story ...)
Spreading the Gospel of Angel Investing (Hong Kong next week)
Angel Summit will take place on Friday the 25th in Hong Kong at the Startup Impact Summit: https://whub.io/startup-impact-summit and is put on by WHUB] The likely scenario I’ve seen in angel investing ... ( read original story ...)
No Harvest For Plum – Food Delivery Startup Closes In S’pore, Lays Off Over 100 Staff In HK
Bike-sharing companies are not the only ones that can’t keep up with the competition. Hong Kong-based food delivery startup Plum announced on 19 January (Saturday) the closure of its Singapore operati... ( read original story ...)
Hong Kong tops the table as world’s most expensive housing market for 9th straight year
Hong Kong has been ranked as the world’s least affordable housing market for a ninth consecutive year in a global survey released today. A family would on average need to save up for 21 years without ... ( read original story ...)
Ola raises $74 million in fresh capital from Steadview Capital
Ola last announced a fund-raise of $1.1 billion from China’s Tencent Holdings and SoftBank in October 2018 SoftBank-backed Ola has raised another $74 million from its existing investors HongKong-based ... ( read original story ...)
Hong Kong’s recent mysterious US$4.8 billion stock plunge underscores risk in world’s 4th-largest equity market
Hong Kong’s second unexplained wave of stock plunges in three months shows the risks investors face in the world’s fourth-largest equities market. Ten mid- and small-cap shares plummeted as much as 81 ... ( read original story ...)
Nearly half of Chinese, Hong Kong companies have gone ahead with deals despite compliance concerns, survey says
That compared a 60 per cent average among companies who responded worldwide. The survey interviewed more than 1,300 business leaders in Brazil, Canada, China, Germany, Hong Kong, Spain, the United Kin... ( read original story ...)
Storyful moves Hong Kong operations to Sydney office in business restructure
News Corp-owned Storyful has shuttered its Hong Kong office with responsibility for East Asian reporting taken over by the company’s Sydney office. The closure of the Hong Kong office comes as ... ( read original story ...)