It is also an area where many companies need a major step-up, as was made clear at McKinsey's Apparel Sourcing Roundtable held in Hong Kong in October 2016. As one executive said at the event: "Most of us in apparel sourcing are way behind - we are far ... ( read original story ...)
Alibaba’s entrepreneurs fund eyes next billion-dollar start-up in Hong Kong
Alibaba Group Holding, operator of the world’s largest online shopping platforms, wants to help foster more start-ups in Hong Kong with billion-dollar valuations, following the successful bet last year that put logistics company GoGoVan on the path to ... ( read original story ...)
Hong Kong set to see strong rebound in mainland tours for Golden Week
Tse said the volatile situation in North Korea had prompted concern about travel to countries nearby, while less negative news in official mainland media about the political situation in Hong Kong, where pro-democracy protests in 2014 paralyzed parts of ... ( read original story ...)
Hong Kong waste paper mounts amid China ban
(SOUNDBITE) (Cantonese) OWNER OF RECEPTION PAPER PLANT MR NG, SAYING: "I hope the Hong Kong government will communicate and come ... on the mainland the cost of paper is going up. That's bad news for everyone - from exporters to e-commerce sites - like ... ( read original story ...)
As MiFID Jolts Derivatives, Hong Kong Eyes $483 Trillion Market
“A number of international banks have told us that they see advantages in booking their Asian risks in Hong Kong,” an HKMA spokeswoman said in an emailed response to questions from Bloomberg News. Singapore is also an option for firms looking to move ... ( read original story ...)
Justice chief defends Hong Kong courts after judicial independence ranking falls for third consecutive year
Justice chief Rimsky Yuen Kwok-keung defended the city’s courts on Thursday after Hong Kong fell five places in the judicial independence category of the latest global competitiveness ranking, compiled by Geneva-based non-profit World Economic Forum. ( read original story ...)
Growing sense of cynicism in Hong Kong after Occupy, co-founder Chan Kin-man says
Three years after the pro-democracy Occupy movement in Hong Kong was launched, one of its co-founders says wounds from the resulting social divide are gradually healing, but a growing sense of cynicism remains in a city hit by political gridlock. ( read original story ...)
Hong Kong Racing News
Group 1 stars Beauty Only, Mr Stunning, Peniaphobia and Contentment will step out for the first time this term at Sunday’s (1 October) National Day race meeting at Sha Tin Racecourse. Hong Kong’s 2017/18 Group race programme kicks off with twin ... ( read original story ...)
Six Hong Kong startups get 10 mln yuan investment from Alibaba
Six companies have been chosen to receive a combined 10 million yuan in investments from the Alibaba Hong Kong Entrepreneurs Fund. These are Gobee.bike, CompareAsiaGroup, Origami Labs, Prenetics, Aqumon and Qupital. The announcement was made Thursday by ... ( read original story ...)
Six Hong Kong startups get HK$10 mln investment from Alibaba
Six companies have been chosen to receive a combined HK$10 million in investments from the Alibaba Hong Kong Entrepreneurs Fund. These are Gobee.bike, CompareAsiaGroup, Origami Labs, Prenetics, Aqumon and Qupital. The announcement was made Thursday by the ... ( read original story ...)
STX Eyeing $3.5 Billion Hong Kong IPO in 2018 (Report)
STX Entertainment may be edging closer to an initial public offering on the Hong Kong Stock Exchange, early in 2018. The company could raise $500 million of fresh capital and achieve a valuation of $3.5 billion, according to a report by the Wall Street ... ( read original story ...)
Breakingviews – Hit IPO undercuts the case for new Hong Kong board
HONG KONG (Reuters Breakingviews) - Chinese online insurer ZhongAn soared in its trading debut on Thursday. The runaway success of this deal undermines the Hong Kong stock exchange’s push for a third board with looser listing terms to lure more ... ( read original story ...)
CK Hutchison, Ant Financial to offer HK e-wallet service
CK Hutchison Holdings (0001) and Ant Financial Services Group, an affiliate of Alibaba Group, are forming a strategic partnership to offer digital payment services in Hong Kong. Hong Kong tycoon Li Ka-shing’s conglomerate CK Hutchison Holdings and Jack ... ( read original story ...)
Independent Hollywood Studio STX Entertainment Plans Hong Kong IPO
HONG KONG—STX Entertainment, a young Hollywood studio behind the “Bad Moms” movie and the upcoming “The Foreigner,” is planning to raise around $500 million in an initial public offering that could value the company at $3.5 billion, according to ... ( read original story ...)