Billionaire Li Ka-shing is betting on a little-known Hong Kong start-up that uses artificial intelligence (AI) to sieve through tens of thousands of daily call-centre conversations conducted in China’s major dialects. Fano Labs, which is a specialist in ... ( read original story ...)
Hong Kong observation wheel to reopen before Christmas with HK$20 rides locked in for three years
The observation wheel at Hong Kong’s Central Harbourfront will start turning again just ahead of Christmas, with the new operator pledging there would be no fare hikes in the next three years after drastically reducing entrance fees. From Wednesday ... ( read original story ...)
Hong Kong dollar weakens further following monetary authority comment
Hong Kong’s dollar witnessed its biggest weekly drop in a month on Friday after HKMA’s comments that it was not aiming to curb depreciation pressure. The currency fell 0.06 per cent to HK$7.8130 against the US dollar on Friday, and has lost 0.09 per ... ( read original story ...)
Hong Kong dollar falls most in 22 months as HKMA says it won’t defend drop to lower end of the peg
The Hong Kong dollar plunged the most in 22 months after the city’s de facto central bank said it will not seek extra exchange fund bills and that it would let the currency fall to the weak end of the currency peg. Bloomberg reported Hong Kong Monetary ... ( read original story ...)
Hong Kong based startup Lynk enables knowledge sharing by linking enterprises with experts
With more than 80 institutional customers, Hongkong-based Lynk aims to solve an expertise problem rampant in everyday business relationships. The online service connects enterprise users to experts in a variety of fields. Peggy Choi, 35, is a finance ... ( read original story ...)
Hong Kong is right not to follow the US in cutting taxes
The closer it comes to realising this goal, the less attractive the city will be as an international business centre. Should those bent on complete integration have their way the level of taxation will become increasingly irrelevant unless Hong Kong ... ( read original story ...)
Hong Kong raises base rate by 25 basis points in lockstep with US Fed’s third increase this year
The Hong Kong Monetary Authority, the city’s de facto central bank, raised the base lending rate by 25 basis points to 1.75 per cent, as it moves in lockstep with the equivalent overnight increase by the United States Federal Reserve to maintain the Hong ... ( read original story ...)
Tencent-backed We Doctor seeks overseas expansion as it prepares for Hong Kong IPO
according to McKinsey & Co. An overstretched public healthcare system and a lack of doctors is creating demand for premium services - attracting both domestic and foreign medical firms. Chen said Hong Kong made more sense as a venue for We Doctor as the ... ( read original story ...)
InterContinental Grand Stanford Hong Kong Recorded Repeated Wins of World’s Leading Luxury Business Hotel
HONG KONG, Dec. 13, 2017 /PRNewswire/ -- InterContinental Grand Stanford Hong Kong has again triumphed at the World Travel Awards (WTA) Grand Final Gala Ceremony 2017 held in Vietnam, garnering the biggest recognition as World's Leading Luxury Business Hotel. ( read original story ...)
Yes, Hong Kong’s an expensive city, but don’t put too much store by those cost of living surveys
and gains publicity in its target client base by thus showing its knowledge of its business. But I still say it is simplistic. Take, for instance, this bit about petrol costing much more in Hong Kong than it does in New York. One reason is that we tax the ... ( read original story ...)
Li Ka-shing bets on Hong Kong AI start-up to parse Chinese call centre industry’s Tower of Babel
Billionaire Li Ka-shing is betting on a little-known Hong Kong start-up that uses artificial intelligence (AI) to sieve through tens of thousands of daily call-centre conversations conducted in China’s major dialects. Fano Labs, which is a specialist in ... ( read original story ...)
HK online rental platform finalist in global startup contest
Like startups involved in artificial intelligence, real estate-focused new technology businesses also have opportunities to showcase their strengths at a global event, a fact that a Hong Kong firm will readily attest. SnapFlat, an online rental platform ... ( read original story ...)
Hong Kong redevelopment specialist reveals HK$15 billion plan for new business centre
CSI Properties unveiled a plan for an office-retail-hotel project, to be developed as a joint venture with Wing Tai Properties on a recently acquired plot next to SoHo, at an estimated cost of HK$15 billion (US$1.9 billion). “The site will be connected ... ( read original story ...)
How urban renewal cost Hong Kong historic business districts and handed developers big profits
Hong Kong’s urban history may be relatively short, but the city has been developed and redeveloped so many times it already has the layers of a much older metropolis. Next time you walk through a glitzy shopping centre or the lobby of a high-end office ... ( read original story ...)