... Authority Hong Kong needs to raise HK$69 billion (US$8.8 billion) to fund the runway, and should consider selling bonds and tapping the loan market, according to a report by its financial consultant HSBC Holdings Plc. Asia's busiest international ... ( read original story ...)
The AI haves are pulling ahead of the have-nots, McKinsey study finds
Hong Kong-based startup CompareAsiaGroup ... It requires a shift in mindset as well as a complete overhaul of processes in many cases. McKinsey estimates that smart factories – dubbed the fourth industrial revolution or Industry 4.0 – can boost ... ( read original story ...)
Who can grab the opportunity as Uber’s Asian ride gets bumpy?
In Hong Kong this week, Grab co-founder Tan Hooi Ling told This Week in Asia the company was not resting on its laurels. The 33-year-old former McKinsey consultant cofounded Grab with Anthony Tan, the scion of a Malaysian automotive empire, while they were ... ( read original story ...)
1.4 billion touchscreens can’t be wrong: Chinese mobile-pay culture takes great leap
In less than five years, Chinese families famous for saving 40 percent of their annual income under the mattress at home have embraced the Big Data lifestyle in ways that leave arguably more mature digital marketplaces such as Hong Kong gasping like Wile E. ( read original story ...)
‘The problem of budget hotel quality wasn’t being solved’
Last week, Treebo raised $34 million, its highest investment round yet, from Hong Kong-based investment firms Ward Ferry ... about entrepreneurship was in school. But then I joined McKinsey as a consultant. While at McKinsey, I saw the startup ecosystem ... ( read original story ...)
Thousands in Hong Kong participate in ‘anti-authoritarian rule’ march against China
Pro-democracy activists carry a banner reading "anti-authority, against suppression", during a protest on China's National Day in Hong Kong Thomson Reuters HONG KONG (Reuters) - Tens of thousands marched in China-ruled Hong Kong on Sunday in an "anti ... ( read original story ...)
Hong Kong prepares for a new era of ‘smart banking’
The governor of Hong Kong's central bank has spelled out a series of up-and-coming reforms - from the introduction of faster payments to open API standards - intended to prepare the territory for a revolution in retail banking services. In a speech to a ... ( read original story ...)
Thousands rally for democracy in Hong Kong
HONG KONG -- Thousands of pro-democracy supporters took to the streets of Chinese-controlled Hong Kong on Sunday to protest against what they say is the Beijing-backed government's use of the courts to pursue its opponents. Demonstrators marched through ... ( read original story ...)
US supercarrier to dock in Hong Kong before joint drills in shadow of North Korea crisis
A US supercarrier is set to make a port call in Hong Kong this week before heading to waters near the ... part in exercises with the South Korean navy around October 15,Yonhap News Agency cited a Seoul defence official as saying. Concerns have grown ... ( read original story ...)
Mass protest in Hong Kong as 8-day China holiday starts
HONG KONG: - Thousands of pro-democracy supporters took to the streets of Chinese-controlled Hong Kong on Sunday to protest against what they say is the Beijing-backed government's use of the courts to pursue its opponents. Demonstrators marched through ... ( read original story ...)
Hong Kong protesters use China National Day to call for democracy
In Hong Kong, protest organisers say 40,000 people marched on Sunday through heavy rain to rally against Chinese National Day celebrations. Demonstrators defied the celebrations to call for more democracy and an end to political persecution. In Hong Kong ... ( read original story ...)
Tens of thousands march to defend Hong Kong’s rule of law against China
HONG KONG (Reuters) - Tens of thousands marched in China-ruled Hong Kong on Sunday in an "anti authoritarian rule" march that called for the resignation of the city's top legal official over the recent jailing of young democracy activists. The march ... ( read original story ...)
Hong Kong migrant mothers sing for their distant children
Hong Kong (AFP) - Each Sunday, a choir of Filipina domestic workers in Hong Kong gathers to sing songs that remind them of the children they left back home. Known as the "Unsung Heroes", these initially shy performers now regularly take the stage around ... ( read original story ...)
Thousands of pro-democracy supporters protest in Hong Kong
HONG KONG — Thousands of pro-democracy supporters took to the streets of Chinese-controlled Hong Kong on Sunday to protest against what they say is the Beijing-backed government's use of the courts to pursue its opponents. Demonstrators marched through ... ( read original story ...)