Along with Virgin Australia passengers, Club Autus also caters for Hong Kong Airlines' business class flyers – including those bound for Queensland's Gold Coast – and those of its other partner airlines, plus Fortune Wings Club Gold and Silver cardholders. ( read original story ...)
Hong Kong fintech firm moves ahead with coin offering despite warning
HONG KONG -- Shrugging off the financial regulator's caution against cryptocurrency investing, Hong Kong-based technology company Octo3 announced Thursday a public token sale to finance the upgrade of its existing payment processing network into a ... ( read original story ...)
Why running kindergartens is a lucrative business
In Hong Kong, parents need to pay more than HK$100,000 in annual tuition for sought-after kindergartens, a lot more expensive than a college education. Teaching kids appears to be such a lucrative business that it has attracted new entrants like C.banner ... ( read original story ...)
Where cash is king: Can e-payments catch on in Hong Kong?
HONG KONG: For decades in the past, mainland China tourists came to Hong Kong for a taste of modern life. The city, a British colony until 1997, boasted taller buildings, faster cars and the latest fashion - the stuff of envy for mainland Chinese who ... ( read original story ...)
What is next for Hong Kong after its first billion-dollar start-up?
Hong Kong will need to step up development of a sustainable ecosystem for a growing hi-tech start-up community to help foster the city’s next US$1 billion “unicorn”, according to industry experts. It would mean plugging the city’s big gaping hole ... ( read original story ...)
Hong Kong Airlines targets Cathay Pacific’s core business market
HONG KONG (Reuters) - Hong Kong Airlines, part-owned by Chinese conglomerate HNA Group, plans to target business travelers from small and medium sized companies as it launches new long haul routes to North America and Europe, its vice chairman said on ... ( read original story ...)
City’s next billion-dollar start-up could emerge from electronics sector, says Arrow president
... Guangdong province within the ambitious Greater Bay Area plan is expected to foster the development of Hong Kong’s next “unicorn” start-up in the electronics sector, according to experts. “I’m very positive that this could happen very soon ... ( read original story ...)
Hong Kong people can find solutions for the mess they created in housing and wealth gap
It has excluded the big developers, pro-democracy politicians and activists. But, the business establishment is well represented by the Our Hong Kong Foundation. It fails to include dissenting and critical development voices like Paul Zimmerman. ( read original story ...)
Hong Kong’s smaller businesses and professionals struggle to gain foothold in Qianhai district
They can now set up in Qianhai with a low amount of capital,” Hung said. Hung said the authority would work with Hong Kong’s business sector on how to further reduce barriers for SMEs to develop in Qianhai. Currently more than 4,564 Hong Kong companies ... ( read original story ...)
Marks & Spencer in talks to franchise its Hong Kong and Macau stores
M&S said the 27-store Hong Kong business, where it has traded since 1988, is profitable with a "loyal customer base and strong brand awareness". In November we set out our plans to create a more sustainable, profitable and customer-centric international ... ( read original story ...)
Hong Kong billionaire Hui Wing Mau buys majority stake in Bindaree Beef
Bindaree Beef has sold a 51 per cent stake in the company to the Hong Kong-based Hui family and the Hui-backed Archstone Investment Co in return for a "significant" investment in Bindaree Beef. ( read original story ...)
How will Hong Kong fare in the new wave of automation?
Today, Hong Kong has a thriving service sector, which, on average, will be slower to be replaced by automation than manufacturing. Applying the expected automation potential from the McKinsey analysis to the current industry mix in Hong Kong, only about 25 ... ( read original story ...)
GoGoVan becomes Hong Kong’s first $1 billion startup following merger deal
At our TechCrunch China event in June we discussed the bright future that Hong Kong’s startup scene has, despite some big challenges. This week the country passed a notable milestone as it got its first $1 billion valued startup, better known as a unicorn. ( read original story ...)
How a high-school dropout with big ideas founded GoGoVan, Hong Kong’s first US$1bn start-up
Like all the best ideas, it started with a problem. For Steven Lam Hoi-yuen – the man who would go on to co-found Hong Kong’s first US$1 billion start-up – that problem was the difficulty of trying to find delivery vans. The year was 2010, and a ... ( read original story ...)