Hong Kong is falling behind other Asian cities in developing its sharing economy amid the government’s lack of meaningful dialogue with major companies in this sector and the inadequate support for local start-ups. That was the view raised by panellists ... ( read original story ...)
PwC buys stake in Chinese blockchain startup VeChain
PwC Hong Kong and PwC Singapore have each acquired a small ownership interest in VeChain, according to PwC’s announcement on May 4. Terms of the investment were not disclosed. As of 1:00 p.m. on Tuesday, Hong Kong time, VEN was trading at US$5.14 ... ( read original story ...)
Hong Kong Business Community Joint Conference rejects ‘unacceptable proposal’ to scrap MPF offsetting mechanism
Hong Kong’s small and medium business owners put up a united front on Tuesday against a government proposal to stop employers from dipping into pension funds to pay for severance and long-service payments, calling on officials to offer more subsidies ... ( read original story ...)
‘Orwellian Nonsense’? China Says That’s the Price of Doing Business
and that the Hong Kong, Macau and Taiwan regions are inseparable parts of Chinese territory,” a spokesman, Geng Shuang, said on the ministry’s website. He added, “It must be pointed out that foreign firms doing business in China should respect China ... ( read original story ...)
HK startup wants to become profitable, first and foremost
The capital-raising route notwithstanding, a growing number of startups are giving priority to organic growth. Among them is GoodNotes, a Hong Kong-based tech firm that is committed to becoming profitable, first and foremost. The company offers a note ... ( read original story ...)
Hong Kong too hot for Malaysia to handle
Hong Kong get their Rugby World Cup 2019 qualification bid off to a flying start with a 67-8 victory over hosts Malaysia in the Asia Rugby Championship. Hong Kong got their Asia Rugby Championship 2018 campaign off to a winning start with a 67-8 victory ... ( read original story ...)
Now is a golden time to be involved in China, says Hong Kong entrepreneur behind Didi Chuxing
I think there’s no difference between a Hong Kong guy, a Shenzhen guy or Shanghai guy. It’s all about your business idea: it needs a very clear motive, and a plan on how to execute it. A common problem which I see from people founding a start-up is ... ( read original story ...)
HK startup involved in sapphire film tech raises fresh funds
Tan said. That the reason why not all kinds of technologies are ideal for a startup to develop, he noted. Tan believes his firm will become Hong Kong’s first “sapphire unicorn”, adding that the startup has huge potential in terms of its business ... ( read original story ...)
Hong Kong International Medical Devices and Supplies Fair Opens Monday
HONG KONG, May 3, 2018-(ACN Newswire)-The HKTDC Hong Kong International ... "The HKTDC has been providing support to start-ups. Innovation and technology is also an important driving force for the medical devices and supplies industry. ( read original story ...)
Ping An Healthcare opens up 4.6 percent in Hong Kong debut
shares opened up 4.6 percent on their market debut in Hong Kong on Friday, as investors jostled for a piece of the fast-growing business. The company, that operates China’s largest online healthcare platform, raised $1.12 billion after pricing its IPO at ... ( read original story ...)
B.C. re-focuses on business with Hong Kong with eye on Chinese ‘Greater Bay’ megalopolis
B.C. is renewing its focus on its trade and investment relationship with Hong Kong - just as the Chinese Special Administrative Region (SAR) is seeing an unprecedented plan to integrate with surrounding Mainland Chinese cities to form a massive economic zone. ( read original story ...)
Hong Kong stocks end lower as investors await outcome of US-China trade talks, Fed meeting
Hong Kong stocks fell on Wednesday led by insurers, as investors remained cautious ahead of talks between the US and China this week over thorny trade issues. The benchmark Hang Seng Index eased 0.27 per cent, or 84.57 points, to 30,723.88, while the Hang ... ( read original story ...)
LuLu Financial Group starts Hong Kong operations
Branded as “LuLu Money” in Hong Kong, this is LuLu Financial Group’s tenth country of operation and second in the APAC region, after Philippines. On the occasion Ahamed said, “We are extremely delighted to start our operations in Hong Kong. ( read original story ...)
Xiaomi applies to raise funds in Hong Kong, giving city the pole position in 2018 global IPO race
The company, the world’s fourth-largest smartphone maker ranked by shipment, has submitted an IPO application to the Hong Kong Exchanges & Clearing Limited under new listing regulations for technology start-ups. While the application omitted financial ... ( read original story ...)