To groom young entrepreneurs, a HK$450,000 start-up fund will be launched at the annual Ani-Com and Games Hong Kong fair next week. The five-day event, which is in its 19th year, will start on July 28 at the Hong Kong Convention and Exhibition Centre in ... ( read original story ...)
Microsoft, Baidu to collaborate on autonomous driving
Up to 15 per cent of new cars sold in 2030 will be fully autonomous, according to global consultancy McKinsey. That will help fuel the need for an ecosystem of partners to collaborate in support of a common goal like what Apollo aims to do. Apollo is ... ( read original story ...)
Hong Kong stocks rally for ninth day; Guangzhou R&F and Sunac China advance on Wanda deal
Hong Kong’s Hang Seng Index rose for a ninth consecutive day ... “The asset purchases are good for Sunac and R&G as that will be helpful to expand their business scopes,” said Ken Chen, a strategist at KGI Securities in Shanghai. ( read original story ...)
China slashes prices of patented western drugs by up to 70%
Franck Le Deu, a healthcare partner at McKinsey in Hong Kong, said expanded state reimbursement could mean “broader access for Chinese patients, and potential revenue upside for the companies promoting those drugs”, with the impact differing ... ( read original story ...)
Golden Pin Design Award 2017
(Source: McKinsey Global Institute ... designer Harry Williamson (Australia); design consultant Tommy Li and industrial designer Vivian Cheng (Hong Kong); graphic designer Bi Xuefeng (China); and Shikuan Chen, head of design at Compal Electronics (Taiwan). ( read original story ...)
SANDS CHINA : Appointment of Independent Non-Executive Director and Member of Audit Committee
Before working at Goldman Sachs, Mr. Wang was a manager at HSBC Private Equity in Hong Kong and a strategic consultant with McKinsey & Co. in Chicago, USA. In 1991, he founded Amerinvest Group of companies, personal investment companies that focus ... ( read original story ...)
SOEs post 18.6% profits in first half of year, official says
Co made a conditional offer on Sunday to all shareholders of Hong Kong-based Orient Overseas (International), Ltd to acquire all issued shares in cash. Under the $6.3 billion deal, COSCO Shipping Holdings would operate more than 400 vessels over an ... ( read original story ...)
M&A Investment Bankers Getting Deals Done with Due Diligence & Awareness Help from Top Cyber Security Expert and Keynote Speaker
He has presented his workshops in Singapore, Hong Kong, Sao Paulo, Seoul ... and a strategy consultant at McKinsey & Co. in New York City. Previously, he managed Operations and Technology for Peruval Finance. Mr. Perez has an undergraduate degree in ... ( read original story ...)
amaBhungane & Scorpio #GuptaLeaks: More multinationals ensnared in Transnet kickback web
China South Rail: Last month, amaBhungane and Scorpio exposed a R5.3-billion kickback contract between China South Rail (CSR) and a Gupta company in Hong Kong, after CSR won contracts ... Geoff Budlender exposed how McKinsey partnered with Trillian in ... ( read original story ...)
Foreign carmakers lobby China to reconsider EV quota policies
SEE ALSO: Hong Kong: Tesla sales take a hit following tax incentive cut According to management consultants McKinsey & Co., 43 percent of the 870,000 electric cars produced in 2016 came from China. Germany and the United States accounted for 23 percent ... ( read original story ...)
Jack Ma’s shadow looms large for southeast Asia’s banks
The transition to digital offerings will put pressure on other lucrative areas for banks, like cross-border transactions, said James Lloyd, a Hong Kong-based fintech specialist ... a senior advisor at McKinsey & Co. As customers switch to mobile payments ... ( read original story ...)
Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources
HONG KONG (Reuters) - U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said. ( read original story ...)
Hong Kong stocks set to rise for 9th day; R&F and Sunac China rally on Wanda deal
Hong Kong’s Hang Seng Index rose Thursday morning ... “The asset purchases are good for Sunac and R&G as that will be helpful to expand their business scopes,” said Ken. In mainland trading, the Shanghai Composite Index added 0.2 per cent, or ... ( read original story ...)
Why protecting Hong Kong’s freedoms is in China’s best interests
It is silly season, when a goodly part of Hong Kong travels overseas. I have been no exception, and frequently check news from home through the South China Morning Post’s website. Most recently, I have not needed to – for we have made the global news. ( read original story ...)