Deciding your accelerator’s niche is crucial. For Betatron, we decided to stay vertical agnostic, but focus our attention on Hong Kong startups specifically. The main goal of our program is to position each startup to raise their first institutional ... ( read original story ...)
The Hong Kong 7: Top Spots for Your Next Business Meeting
We have got local intelligence and listed the top 7 places that are sure-fire hits when it comes to finding a great spot to do business in this buzzing Asian capital. We have selected two amazing restaurants, three incredible hotels with business ... ( read original story ...)
Hong Kong’s Qupital raises $2M led by Alibaba to finance invoice loans for SMES
Qupital, a one-year-old Hong Kong-based startup that addresses cash flow issues for SMEs, has closed a $2 million seed funding round. The is certainly a notable size for an early stage investment in Hong Kong’s nascent but growing startup scene. ( read original story ...)
This startup nabbed Alibaba and MindWorks Ventures’ first ever HK fintech investment
Qupital is a Hong Kong-based online trading platform that helps businesses ... After graduating, he got a job in Denmark working as a software engineer for a legal tech startup that was creating a platform for online arbitration (resolving disputes online ... ( read original story ...)
Women in tech event: Chicago Booth Women’s Network hosted by McKinsey & Company
After the panel discussion, there will be time for networking and drinks at McKinsey & Company ... a global program across its three campuses in the City of London, Hong Kong and Chicago. The faculty include some of the most influential economists and ... ( read original story ...)
Tencent expands music streaming business with Universal Music Group pact
according to a recent study from global consulting firm McKinsey. Tencent first launched the Joox “freemium” app in Hong Kong in January 2015 to tap into the burgeoning demand for digital music across the Asia-Pacific. Its freemium business model ... ( read original story ...)
Hong Kong consumer watchdog warns online shoppers of discrepancy in business internet addresses and actual locations
The Hong Kong Consumer Council has warned of the increasing risks of online shopping, and advised users not to assume that websites with a URL address ending with “.hk” are based in the city. This comes after the council handled cases in which such ... ( read original story ...)
Alibaba Makes Its First FinTech Investment In Hong Kong
Alibaba has expanded its investment portfolio in Hong Kong and has chosen Qupital to be its first FinTech investment in the city. Accessing cash when you need it the most is critical for the success of any business, especially startups and SMEs. ( read original story ...)
Hong Kong takes on ‘booze cruise’ role for growing number of mainland wine lovers
And it now appears growing numbers of mainland Chinese consumers are doing similar on trips to Hong Kong, although maybe not in English Channel volumes, as the higher duties imposed on wine and spirits there are creating a similar phenomenon. ( read original story ...)
Number of S'pore companies exploring HK IPO 'doubled'
Market watchers said this reveals that a growing number of companies are hoping to deepen their business presence in the Greater China market, but these moves are not a guaranteed success. As Osim prepares its initial public offering (IPO) in Hong Kong as ... ( read original story ...)
Hong Kong's next 20 years: Utilities
Power Assets (formerly Hongkong Electric) is 82% while Hong Kong & China Gas’ share is 57%. Chinese utilities may be attracted by the city’s low risk and stable returns. Gas business in Hong Kong likely to continue unregulated growth Hong Kong gas ... ( read original story ...)
Making the reinsuring business reassuring
If Hong Kong can relocate more reinsurance business activities here, its robust financial system and proximity to the mainland can be leveraged to develop the reinsurance business, experts say. According to the FSDC report, the mainland's reinsurance ... ( read original story ...)
Hong Kong stocks set to open higher ahead of key China economic data
The Hong Kong market is likely to open higher on Monday after futures rose in the city ahead of the release of a set of key Chinese economic data. The Hang Seng Index futures May contract rose 0.4 per cent, or 103 points to 25,166 in the pre-trade session ... ( read original story ...)
OCBC to buy NAB's wealth business in Singapore and Hong Kong
Load Error With the hopes of further boosting its wealth management presence in Singapore and Hong Kong, OCBC Bank entered into an agreement to acquire National Australia Bank's (NAB) Private Wealth business in the two cities. OCBC will be having access to ... ( read original story ...)