Meituan-Dianping, a massive online services platform in China, has filed to go public in Hong Kong in a move that's expected to raise billions of dollars from investors. Meituan likes to call itself the "Amazon of services." The Beijing-based startup was ... ( read original story ...)
There’s more to Hong Kong than meets the eye
In this Spotlight on Hong Kong, we look ‘’Beyond Business.’’ The Police Married Quarters, or PMQ, was renovated for the art and design crowd. It’s seven stories of creative energy, housing more than 100 businesses. In this temporary exhibit space ... ( read original story ...)
McKinsey’s Kevin Sneader on rebooting the consultancy
Leading McKinsey, which advises the world’s biggest corporations ... San Francisco and back home to Hong Kong, where he lives with his wife, Amy, and their two daughters. “I’m five foot five, so I fit in an aeroplane seat,” he quips, “So for ... ( read original story ...)
Hong Kong’s small firms raging at leading business groups for ‘betrayal’ over MPF offsetting subsidies
Hong Kong’s small and medium-sized enterprises have condemned the city’s five biggest business chambers for “betraying” them after they failed to insist the government provide indefinite subsidies to help employers build up workers’ nest eggs. ( read original story ...)
Visualizing global debt
In the latest in its series of reports on debt and deleveraging, the McKinsey Global Institute (MGI ... and international financial centers Hong Kong and Luxembourg top the list for nonfinancial corporate debt to GDP, largely reflecting the activities ... ( read original story ...)
AI pioneer named as head of Hong Kong’s Science Park; board of directors gets 8 new members
Three incumbent members were reappointed. They are former University of Hong Kong head Tsui Lap-chee, Joseph Ngai, managing partner of McKinsey Greater China, and jeweller Theodore Ma Heng. ( read original story ...)
Dirty cousin? Not anymore as Shenzhen’s green quest leaves Hong Kong miles behind
While Hong Kong officials seem to struggle in finding its way forward, compliments are coming in over Shenzhen’s green push. Global management consultancy McKinsey & Company says that Shenzhen is the “most sustainable city” in China. Shenzhen also ... ( read original story ...)
The future of work report: Ten things to solve for
They are: The report’s authors are:James Manyika chairman and director of the McKinsey Global Institute and a senior partner at McKinsey & Company based in San Francisco, and Kevin Sneader is McKinsey’s global managing partner-elect, based in Hong Kong. ( read original story ...)
Global pharma bleeds talent to China start-ups
“It’s very clear that some very good talent from MNCs are joining local companies,” said Franck Le Deu, a senior partner at McKinsey in Hong Kong. “The value proposition of local biotechs is clear: they provide an entrepreneurial ... ( read original story ...)
Petropavlovsk gives bridge loan to Hong Kong iron ore company to meet ICBC payment
Russian gold miner Petropavlovsk, which is battling a shareholder attempt to remove its board, has agreed to provide a last minute bridge loan to a Hong Kong iron ore company ... a former consultant for McKinsey & Co and Boston Consulting Group, who ... ( read original story ...)
Samsonite C.E.O. Resigns After Accusation of Résumé Fraud
A few more changes of ownership later, it floated shares in Hong Kong in 2011, around the same time as Prada ... but overzealous business school students and bleary-eyed McKinsey consultants,” the report says. In a news release responding to the report ... ( read original story ...)
Big Pharma executives jump to China startups for higher pay and more say: report
a senior partner at McKinsey in Hong Kong, was quoted by FT. Xiaobin Wu, Ph.D., formerly Pfizer China's general manager who recently jumped to BeiGene, told FT that at Chinese biotech startups, “the working dynamic is very different and the decision ... ( read original story ...)
Hong Kong’s Cathay Pacific Airways fears US-China trade war will hurt vital cargo business
As a global trade war beckons, Hong Kong’s flagship carrier Cathay Pacific Airways has for the first time voiced concern over the possible impact of the increasingly likely US-China tariff dispute on its profitable cargo business. Acknowledging the ... ( read original story ...)
Tokyo startup goes live in Hong Kong matching jobs
HONG KONG -- Job placement platform Wantedly has expanded to Hong Kong's labor market, where the Tokyo startup aims to increase the chances of a good match by providing a detailed profile of potential employers. Wantedly receives fees from businesses and ... ( read original story ...)