HONG KONG: Tiny flats are flooding Hong Kong as developers rush to target first-time buyers struggling to get into the world’s priciest market. Inventories of new flats smaller than 431 square feet (40 square meters) rose to about 1,400 at the end of ... ( read original story ...)
Hong Kong to set up civil service academy similar to Singapore’s: Carrie Lam
Hong Kong intends to take a leaf out of Singapore’s public sector playbook by setting up a civil service academy similar to the one here, its Chief Executive Carrie Lam said on Thursday (Aug 3). Love in the face of Tourette's Schoolmates taunted him. ( read original story ...)
Hong Kong tycoon Li ‘cautious’ as profits rise
HONG KONG: Hong Kong tycoon Li Ka-shing's flagship CK Hutchison on Thursday (Aug 3) saw profits up seven per cent in the first half of 2017, boosted by its European telecoms operations. The billionaire, who turned 89 on Saturday, said he was "cautiously ... ( read original story ...)
Screen time on rise as Hong Kong toddlers given electronic devices as ‘e-pacifiers’ from before age of one
Toddlers in Hong Kong younger than the age of one are being given electronic devices as “e-pacifiers”, while the number of children spending long hours on devices is five times higher than three years ago, the Department of Health has found. ( read original story ...)
Millions of bubbles spew into Hong Kong for art exhibit
People in Hong Kong will have the chance to experience Bubble Up for the next two and a half weeks before the exhibition comes to a close to Aug. 20. ( read original story ...)
Hong Kong’s first bike-sharing app Gobee.bike raises US$9 million in venture capital round
Hong Kong’s bike-sharing service Gobee.bike said on Thursday that it has raised US$9 million in its first venture capital round of funding, as the startup looks to finance its expansion in the city and overseas. The Series A funding round was led by ... ( read original story ...)
Business conditions in Hong Kong improving at fastest rate in last three years, according to key survey results
Hong Kong’s private sector grew at its fastest rate in nearly three and a half years last month due to greater demand from across the border, though the prospect of higher interest rates is still causing pessimism at companies, a key economic indicator ... ( read original story ...)
Hong Kong stocks slip, weighed down by financial, energy shares
Aug 3 (Reuters) - Hong Kong stocks followed other Asian markets lower on Thursday, as investors paused for breath after recent strong gains in financial and resources firms. The Hang Seng index fell 0.3 percent, to 27,531.01 points, while the China ... ( read original story ...)
Hong Kong stocks retreat from two-year high
Hong Kong’s stock market opened lower on Thursday after rallying ... The overseas markets are moving on results so they are not very indicative,” said Alex Wong, a director at Ample Finance Group. “The market has been very strong for the past few ... ( read original story ...)
Hong Kong Startup Is Said Close to $500 Million Valuation (2)
(Bloomberg) -- TNG FinTech Group Inc., a Hong Kong-based digital wallet operator founded in 2013, is poised to close a funding round and is targeting a valuation of about $500 million, according to a person familiar with the matter. The firm has attracted ... ( read original story ...)
China’s Meituan-Dianping aims to raise up to $5 billion from Tencent, others: source
HONG KONG (Reuters) - Chinese internet firm Meituan-Dianping ... for which Meituan is in talks with several global institutional investors, would likely value the start-up at about $25 billion to $30 billion, the person said. About $1 billion of the ... ( read original story ...)
L’Occitane conceptualises in-store design in China and Japan
Following a healthy second quarter in China, Japan and Hong Kong, which ended on 30th June 2017 ... “We are pleased to report a solid start to FY2018, which was supported by good returns from our ongoing marketing activities, particularly in China ... ( read original story ...)
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China’s Meituan-Dianping Aims Tо Raise Up Tо $5 Billiоn Frоm Tencent, оthers: Sоurce
HONG KONG (Reuters) – Chinese internet firm Meituan-Dianping ... for which Meituan is in talks with several global institutional investors, would likelу value thе start-up at about $25 billion tо $30 billion, thе person said. About $1 billion ... ( read original story ...)