https://www.scmp.com/rss/313417/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Morning Studio editors,Wing Chan Morning Studio editors,Wing Chan If this does not automatically redirect, please go to https://multimedia.scmp.com/native/infographics/article/3170745/women-entrepreneurs-southeast-asia. https://www.scmp.com/native/lifestyle/topics/lazada/article/3170745/women-entrepreneurs-southeast-asia?utm_source=rss_feed https://www.scmp.com/native/lifestyle/topics/lazada/article/3170745/women-entrepreneurs-southeast-asia?utm_source=rss_feed Fri, 18 Mar 2022 06:42:07 +0000 While most international travel has come to a halt amid the global spread of the coronavirus disease, Covid-19, an Australian technology company has come up with a smart passenger kiosk that may provide clues about what the future holds for air travel. The portable, cloud-based kiosk, unveiled by Elenium Automation in April, is both a health-screening device and a self-service check-in machine. The new hands-free technology used to assess a passenger’s vital signs – which can also be retrofitted... https://www.scmp.com/native/tech/innovation/topics/machine-learning-data-powered-innovations/article/3101899/ML-AI?utm_source=rss_feed https://www.scmp.com/native/tech/innovation/topics/machine-learning-data-powered-innovations/article/3101899/ML-AI?utm_source=rss_feed Fri, 18 Sep 2020 02:20:06 +0000 As temperatures plunge in China’s north this week, enterprising people have gone online to monetize blankets of snow covering their neighborhoods. For a price, you can ask someone to write a message in the snow and send you a photo or video of it.  On the e-commerce platform Taobao – owned by Alibaba, which also owns Inkstone – customers can order messages for about 5 yuan (71 cents) for six words. A heart or an image costs extra. Demand for this unusual service has the south to thank.  A... https://www.scmp.com/business/winter-china-northern-entrepreneurs-sell-snow-messages/article/3038900?utm_source=rss_feed https://www.scmp.com/business/winter-china-northern-entrepreneurs-sell-snow-messages/article/3038900?utm_source=rss_feed Fri, 22 Nov 2019 10:04:10 +0000 Indoor surfing, or flowboarding, is gaining popularity in landlocked Beijing. Riding the waves to the sound of pop music has become a trendy way to beat the summer heat in the Chinese capital. Guo Yunchuan, 39, and his team developed the first surf simulator that was made in China.  Watch the video above. https://www.scmp.com/sports/indoor-surfing-gaining-popularity-beijing/article/3012075?utm_source=rss_feed https://www.scmp.com/sports/indoor-surfing-gaining-popularity-beijing/article/3012075?utm_source=rss_feed Tue, 28 May 2019 08:36:04 +0000 Sending several hundred 15cm (six-inch) figurines of Donald Trump and Hillary Clinton to the United States was a proud but somewhat surreal moment for businessman Joe Chan Cho-nam. The 33-year-old owns a company, QMiniMe@Unusually, which makes hand-tailored figurines, the only firm of its kind in Hong Kong to cater to both the retail and mass production markets. The company, established in 2003, has two mini-shops tucked away on the upper floors of local shopping malls but enjoys a much larger... https://www.scmp.com/news/hong-kong/community/article/2157256/little-donald-trump-all-days-work-hong-kong-figurine?utm_source=rss_feed https://www.scmp.com/news/hong-kong/community/article/2157256/little-donald-trump-all-days-work-hong-kong-figurine?utm_source=rss_feed Sat, 28 Jul 2018 12:00:00 +0000 Changing attitudes towards succession planning are paving the way for more women to take over family businesses or to start up their own companies, according to experts. The fact women now often enjoy equal rights when it comes to succession and receiving their share of the family wealth may be one of the reasons behind the rising number of female billionaires in the country. The 50 richest women in China own assets worth 23.1 billion yuan (US$3.48 billion) on average, or a combined 1.2 trillion... https://www.scmp.com/business/companies/article/2118477/why-more-chinese-women-are-taking-over-family-firm-or-starting?utm_source=rss_feed https://www.scmp.com/business/companies/article/2118477/why-more-chinese-women-are-taking-over-family-firm-or-starting?utm_source=rss_feed Sun, 05 Nov 2017 23:00:15 +0000 To call Vera Wang the reigning queen in bridal market is almost an understatement. The designer, whose fashion empire sprawls from wedding gowns, accessories to even home decor, is one of the most successful businesswomen in fashion retailing. Ranked the 29th among Forbes’ richest self-made women this year, with an estimated US$630 million fortune, Wang said it was luck and dedication that brought her to what she is today. “To be a successful entrepreneur, you need to be lucky and you also need... https://www.scmp.com/business/money/spending/article/2102076/career-tip-queen-bridal-gowns-do-something-meaningful?utm_source=rss_feed https://www.scmp.com/business/money/spending/article/2102076/career-tip-queen-bridal-gowns-do-something-meaningful?utm_source=rss_feed Tue, 11 Jul 2017 01:00:54 +0000 Imagine you are looking for the Next Big Idea to start a company. Where would you look? Traditionally, the answer has been the Silicon Valley. While this is still very much true, startup entrepreneurs are turning increasingly to China as a source of inspiration. For a sign of the future, in addition to saying “Look West, Young Woman/Man,” entrepreneurs are now saying “Look East, Young Woman/Man” too. The latest example is none other than the dockless bike sharing phenomenon in China. Public bike... https://www.scmp.com/tech/enterprises/article/2101185/look-east-young-entrepreneurs-you-next-big-idea?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/2101185/look-east-young-entrepreneurs-you-next-big-idea?utm_source=rss_feed Tue, 04 Jul 2017 05:43:38 +0000 Four years ago, Taiwan PC vendor Acer began to do what everyone else was doing and build a cloud services businesses complementary to its hardware. The trouble was, it was late, and the company admits it still hasn’t made much money out of the move. But that will start changing this year, insists Maverick Shih, Acer’s cloud unit president and the 43-year old son of the company’s founder, Stan Shih. “Revenue is still not too much,” Shih Jnr said in an interview with South China Morning Post,... https://www.scmp.com/tech/leaders-founders/article/2087465/head-pc-maker-acers-cloud-unit-calls-2017-important-time?utm_source=rss_feed https://www.scmp.com/tech/leaders-founders/article/2087465/head-pc-maker-acers-cloud-unit-calls-2017-important-time?utm_source=rss_feed Thu, 13 Apr 2017 23:30:45 +0000 At 26, Yu Jiawen is one of China’s youngest and most high-profile internet tycoons. His mobile social-networking app Super Curriculum, created four years ago, catapulted him to fame and wealth and is used by more than 33 million mainland university students. Yu is just one of countless young Chinese, born in the 1980s and 1990s, who embraced the country’s top-down national “entrepreneurship and mass innovation” campaign, seen as a key to boosting the flagging economy. Yu created an uproar in... https://www.scmp.com/news/china/policies-politics/article/2076391/young-take-lead-chinese-premiers-innovation-push?utm_source=rss_feed https://www.scmp.com/news/china/policies-politics/article/2076391/young-take-lead-chinese-premiers-innovation-push?utm_source=rss_feed Thu, 09 Mar 2017 01:30:30 +0000 By most measures, Hai Zhenzhen has the perfect job. The 21-year-old high school graduate works from home, answers to nobody, and pretty much can work whenever she wants. Using a smartphone-based application called UpLive, she live streams videos of herself doing chores, singing or just chatting with people for two hours every weekday. Without needing to engage in pornography, phone sex or anything remotely risque, all that’s required of Hai is to look pretty on camera as she goes about her daily... https://www.scmp.com/tech/china-tech/article/2073048/pots-gold-chinas-gig-economy?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/2073048/pots-gold-chinas-gig-economy?utm_source=rss_feed Sun, 26 Feb 2017 05:30:45 +0000 There are many traditional holidays in China, but the Lunar New Year holiday, or Spring Festival as it is known locally, is top of the list in Chinese culture. It is the time when hundreds of millions of working urban dwellers return home for get-together moments with their families. To pull that off, hard-to-get train or plane tickets have to be booked at least one month in advance. Food, fruit, wine and candy are often prepared in advance by loving parents in order to give their children a... https://www.scmp.com/business/china-business/article/2066341/how-mobile-internet-changing-way-chinese-celebrate-spring?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2066341/how-mobile-internet-changing-way-chinese-celebrate-spring?utm_source=rss_feed Sun, 29 Jan 2017 09:34:34 +0000 Who’s cashing in on China’s smog? The pungent air smothering China’s major cities has raised concerns for millions of residents over the long term health effects on the elderly, the infirm and the young. For now, some entrepreneurs are turning crisis into opportunity. Product: “Anti-smog” tea Company: Uni-President China Holdings Ltd. The Taiwan instant noodles producer and soft drinks bottler launched a tea called Lilai Wusan (梨來霧散), which is a concoction of pear juice, honey, dried... https://www.scmp.com/business/companies/article/2065637/whos-cashing-while-china-chokes?utm_source=rss_feed https://www.scmp.com/business/companies/article/2065637/whos-cashing-while-china-chokes?utm_source=rss_feed Thu, 26 Jan 2017 07:00:51 +0000 Pulling a trailer packed with dive tanks and a compression motor, the three co-founders of Breathe Ezy drive around the scenic mountains and valleys of New Zealand’s South Island collecting air. Phillip Duval, Xu Yang and Gerry Walmisley are air farmers – or air harvesters as they prefer to be known – making money from fresh air. Who’s cashing in while China chokes? They’re not the first – and probably won’t be the last – entrepreneurs to try and turn China’s chronic air pollution into a... https://www.scmp.com/business/companies/article/2065623/making-cash-out-nothing-all?utm_source=rss_feed https://www.scmp.com/business/companies/article/2065623/making-cash-out-nothing-all?utm_source=rss_feed Thu, 26 Jan 2017 07:00:45 +0000 Zhang Lu, founder and managing partner of NewGen Capital, feels unworthy of lavish praise despite being named by Forbes as one of the leading young change-makers and innovators in the United States. The 27-year-old is too focused on the future to bask in glory. “My goal is to establish a top-tier venture capital fund in Silicon Valley, with China playing a leading role,” she said. “Banking on the rise of China and its further development, I hope to realise it in five to 10 years with my best... https://www.scmp.com/business/money/markets-investing/article/2064391/young-chinese-venture-capitalist-eyes-powerful?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/2064391/young-chinese-venture-capitalist-eyes-powerful?utm_source=rss_feed Sun, 22 Jan 2017 12:05:51 +0000 Entrepreneur Cindy Mi’s office sits in a building that used to be a Taoist temple in one of Beijing’s oldest hutong areas, but there is nothing traditional about her start-up. Founded in 2013 and formally known as Future VIPKid, the company has built a rapidly growing business by allowing Chinese children to learn English at home through videoconferencing with North America-based instructors. The service is tapping into the demand among Chinese middle-class parents to have their children learn... https://www.scmp.com/business/companies/article/2064369/vipkids-links-chinas-english-students-american-teachers?utm_source=rss_feed https://www.scmp.com/business/companies/article/2064369/vipkids-links-chinas-english-students-american-teachers?utm_source=rss_feed Sun, 22 Jan 2017 08:50:49 +0000 Every year, we applaud innovations in China’s technology industry that have improved our lives, entertained us or inspired us. We also sing a hearty auld lang syne to the mediocre, the overtaken and the no longer-cool gadgets and apps before they’re relegated to the dust bins of technological history. As 2017 kicks off, it’s time to look back and give due credit to some of the hottest tech products and internet services in the past year. Smartphones In: Oppo and Vivo Out: Samsung Electronics In... https://www.scmp.com/tech/article/2059344/oppo-and-vivo-are-samsung-out-2017-china?utm_source=rss_feed https://www.scmp.com/tech/article/2059344/oppo-and-vivo-are-samsung-out-2017-china?utm_source=rss_feed Fri, 06 Jan 2017 03:15:30 +0000 Chinese bicycle-sharing start-up Mobike said Friday that it raised US$215 million in its series D financing round, led by Tencent Holdings and global private equity company Warburg Pincus. Chinese online travelling company Ctrip, hotel operator Huazhu Hotels Group and private equity firm TPG are also among the new strategic investors in this round of financing, Mobike said in a statement. Sequoia China and Hillhouse Capital, the venture capital firms which are existing investors of Mobike, have... https://www.scmp.com/business/article/2059333/mobike-gets-us215-million-series-d-funding?utm_source=rss_feed https://www.scmp.com/business/article/2059333/mobike-gets-us215-million-series-d-funding?utm_source=rss_feed Wed, 04 Jan 2017 12:55:47 +0000 Beijing issued its highest “red” fog alert for a second day running on Wednesday, after weeks of choking winter pollution, and experts are now warning the conditions are starting to have a serious effect on not only attracting new talent and entrepreneurs to the capital, but forcing more to relocate. A latest survey by 36kr.com, a Beijing-based online platform providing tech start-up news and services revealed around half of nearly 300 entrepreneurs polled have thought about moving their... https://www.scmp.com/business/china-business/article/2059320/beijing-start-ups-move-out-hazardous-smog-smothers-capital?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2059320/beijing-start-ups-move-out-hazardous-smog-smothers-capital?utm_source=rss_feed Wed, 04 Jan 2017 12:15:00 +0000 If entrepreneur Dai Wei has his way, Silicon Valley engineers and London college students will soon be able to ride bicycles made by one of the oldest makers in China, with the swipe on their smartphones. Instead of selling the bicycles, the 25-year-old Dai wants to persuade cyclists to share them through his startup’s “Uber for Bicycles” business model. Dai’s Beijing Bikelock Technology, also known as Ofo, is poised to ship 20,000 China-made bicycles to the United States and Britain after the... https://www.scmp.com/business/article/2057371/beijings-ofo-ship-20000-bicycles-its-uber-bikes-rental-service-uk-and-us?utm_source=rss_feed https://www.scmp.com/business/article/2057371/beijings-ofo-ship-20000-bicycles-its-uber-bikes-rental-service-uk-and-us?utm_source=rss_feed Tue, 27 Dec 2016 02:54:56 +0000 How does a business produce 100 million shirts a year without having to worry about rising costs? For Hong Kong-based Esquel Group, the world’s largest woven shirt maker with 56,000 employees, the answer is automation and environmentally friendly production processes that enhance productivity. Esquel has invested 2 billion yuan (HK$2.34 billion) in a new factory in Jiumeiqiao, Guilin, where modern equipment is being used to reduce the cost of making clothing and shirts. The company even... https://www.scmp.com/business/companies/article/2055169/100m-shirts-and-counting-textile-maker-esquel-embraces-technology?utm_source=rss_feed https://www.scmp.com/business/companies/article/2055169/100m-shirts-and-counting-textile-maker-esquel-embraces-technology?utm_source=rss_feed Fri, 16 Dec 2016 07:30:45 +0000 Wang Jianlin may be ready to hand over the reins of his 634 billion yuan (HK$712 billion) business empire – spanning from shopping centres, theme parks and sports clubs to cinemas – to a successor, but his only son may not be the one. The founder and chairman of Dalian Wanda Group said he was most likely to pick a professional manager to take over the running of his business, according to a speech he made at an entrepreneurs summit at the weekend. “I have asked my son about the succession plan,... https://www.scmp.com/news/china/money-wealth/article/2053915/chinas-wealthiest-man-considers-picking-successor-his-only?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/2053915/chinas-wealthiest-man-considers-picking-successor-his-only?utm_source=rss_feed Mon, 12 Dec 2016 08:15:30 +0000 Ken Law Kin-lun, 40, never wanted to be a businessman. A computer engineer by training with a long-standing love for physics and computer science, Law grew up in Hong Kong believing business was an unsavoury field centred on making money. But after a stint at Google, Law realised he could create a business rooted in his passions, and have a positive impact on the world. In 2008, he became the brainchild behind MotherApp – a company that creates and develops mobile applications, literally the... https://www.scmp.com/business/companies/article/2051592/silicon-valley-import-hopes-lead-hong-kongs-charge-mobile?utm_source=rss_feed https://www.scmp.com/business/companies/article/2051592/silicon-valley-import-hopes-lead-hong-kongs-charge-mobile?utm_source=rss_feed Sun, 04 Dec 2016 09:00:45 +0000 A group of industrialists and entrepreneurs have pledged their support for start-ups by creating a HK$10 million investment fund as well as networking opportunities with the city’s elite. Established by the Federation of Hong Kong Industries, the Hong Kong Startup Council would act as a platform for up-and-coming companies to engage investors, while receiving assistance on aspects ranging from bookkeeping and logistics to patent registration. The initiative is in line with Financial Secretary... https://www.scmp.com/news/hong-kong/economy/article/2038757/hk10m-grabs-new-council-aims-give-start-ups-hong-kong-helping?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/2038757/hk10m-grabs-new-council-aims-give-start-ups-hong-kong-helping?utm_source=rss_feed Fri, 21 Oct 2016 00:00:56 +0000 It is no understatement to say that, over the past several years, Hong Kong’s youth have displayed increasing frustration. Occupy Central, riots at Lunar New Year, campaigns against parallel goods traders, the Hong Kong independence initiative, along with the controversy over the Wang Chau housing plan, clearly reflect the frustrations of our young generation. So, what’s behind this? There is probably no single reason, but rather a variety of political, social and economic factors. Hong Kong’s... https://www.scmp.com/comment/insight-opinion/article/2027821/hong-kongs-angry-youth-can-find-hope-innovation-and?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2027821/hong-kongs-angry-youth-can-find-hope-innovation-and?utm_source=rss_feed Fri, 14 Oct 2016 06:54:30 +0000 The Hong Kong government needs to take more risk and embrace failure in order to create a successful and innovative ecosystem for philanthropic entrepreneurship in the city, according to Nicholas Yang Wei-hsiung, Secretary for Innovation and Technology. “If you look at the government, we don’t take risk, and that’s not synonymous with tech and innovation,” Yang said, speaking at the Philanthropy for Better Cities forum on Thursday. He said that the government’s HK$500 million Innovation and... https://www.scmp.com/business/article/2021718/hong-kong-must-take-risks-nurture-entrepreneurship-says-secretary?utm_source=rss_feed https://www.scmp.com/business/article/2021718/hong-kong-must-take-risks-nurture-entrepreneurship-says-secretary?utm_source=rss_feed Thu, 22 Sep 2016 14:16:55 +0000 Hong Kong needs to create a sense of security for young people to take risks and start their own businesses, young local entrepreneurs said yesterday at a forum on youth innovation. They said there should be more recognition and higher salaries for graduates from science- and technology-related majors, as well as less reliance on past pillar industries such as finance, service, property and tourism, which they said could no longer support a sustainable economic growth. They also said that for... https://www.scmp.com/news/hong-kong/economy/article/2020710/make-city-more-conducive-hong-kong-youth-take-business-risks?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/2020710/make-city-more-conducive-hong-kong-youth-take-business-risks?utm_source=rss_feed Mon, 19 Sep 2016 14:09:19 +0000 Online food delivery companies foodpanda and Deliveroo plan to continue to expand their coverage of Hong Kong neighbourhoods, as tighter funding hits the on-demand food industry in overseas markets. Rocket Internet-backed foodpanda and London-based Deliveroo said they are expanding in Hong Kong and were sufficiently funded to weather problems faced by start-ups in other markets which have seen mergers and closures as venture capital financing has slowed. “For us, we raise money, every round is... https://www.scmp.com/business/article/1962049/foodpanda-and-deliveroo-scale-street-battle-over-hong-kong-food-delivery?utm_source=rss_feed https://www.scmp.com/business/article/1962049/foodpanda-and-deliveroo-scale-street-battle-over-hong-kong-food-delivery?utm_source=rss_feed Wed, 01 Jun 2016 22:01:56 +0000 Global venture capital fund 500 Startups plans to invest in at least 20 early-stage Chinese companies this year, focusing on those involved in virtual reality (VR) and the so-called Internet of Things (IoT), according to Edith Yeung, a partner at the US-based firm. “We want to help Chinese companies expand in the US,” Yeung said , adding that the fund was favourable towards VR content creators, since large companies, including Sony and Facebook, are already focused on VR hardware. Yeung also... https://www.scmp.com/tech/china-tech/article/1960952/venture-capital-fund-looks-china-start-ups-embrace-virtual-reality?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/1960952/venture-capital-fund-looks-china-start-ups-embrace-virtual-reality?utm_source=rss_feed Tue, 31 May 2016 15:30:30 +0000 Hong Kong on-demand van rental start-up Lalamove, known as EasyVan, has raised US$10 million in funding to aid its expansion in China and Southeast Asia. The latest round led by its existing investor Mindworks Ventures brings the total amount of funding raised by the company in the past 18 months to US$30 million as the company’s founder says Lalamove aims to expand to 49 cities and become profitable this year. Existing investors, including Chinese venture capital fund Crystal Stream, Taiwan’s... https://www.scmp.com/business/article/1959603/easyvan-raises-us10m-fund-china-southeast-asia-expansion?utm_source=rss_feed https://www.scmp.com/business/article/1959603/easyvan-raises-us10m-fund-china-southeast-asia-expansion?utm_source=rss_feed Mon, 30 May 2016 13:15:15 +0000 China’s economy will face “a difficult three to five years” but the slowdown will be good for its long-term development, Alibaba executive chairman Jack Ma told the South China Morning Post in an interview just before the e-commerce giant’s takeover of the 113-year-old newspaper. Ma said the Chinese economy was indeed grappling with structural problems and that the authorities were working hard to steer it onto a new growth path. But he dismissed fears that China would follow Japan’s route to... https://www.scmp.com/news/china/article/1937112/chinas-growth-will-remain-enviable-next-20-years-says-alibabas-jack-ma?utm_source=rss_feed https://www.scmp.com/news/china/article/1937112/chinas-growth-will-remain-enviable-next-20-years-says-alibabas-jack-ma?utm_source=rss_feed Wed, 20 Apr 2016 00:00:00 +0000 Entrepreneurship can teach children a range of skills from creativity to critical thinking and problem solving, yet there are potential challenges for young people and their parents, according to a clinical psychologist. Dr Quratulain Zaidi said starting a business posed an opportunity for Hong Kong children to use their imagination in an environment that has become too focused on academic results, but that children may struggle if they face failure. Meet Hong Kong’s youngest entrepreneurs “Kids... https://www.scmp.com/news/hong-kong/economy/article/1933997/hong-kong-children-learn-entrepreneurship-their-own?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/1933997/hong-kong-children-learn-entrepreneurship-their-own?utm_source=rss_feed Wed, 06 Apr 2016 08:55:02 +0000 Kamakshi Bhavnani and her business partner Amy Johns take their 18-month-old club for kids seriously, starting with weekly planning meetings on the school bus. Bhavnani and Johns, both aged 10, started Lil’ Explorers in August 2014 as a club for young students to pick up skills using an approach they say is more suited to the way young children learn. Meet Hong Kong’s youngest entrepreneurs Each week, the two young teachers and a friend develop ideas to teach the 12 children they have under... https://www.scmp.com/news/hong-kong/economy/article/1933949/meet-hong-kongs-youngest-entrepreneurs?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/1933949/meet-hong-kongs-youngest-entrepreneurs?utm_source=rss_feed Wed, 06 Apr 2016 04:45:45 +0000 LIU CHENGCHENG is the founder of 36Kr, a Chinese online platform offering news about technology and start-ups – the mainland equivalent of TechCrunch in the US. He talks to JACK LIU about how making bold decisions has helped him to expand 36Kr into a crowdfunding investment platform for start-ups in China. How did you get started in technology? I was born in 1988 and have loved technology since I was a child and I taught myself computer programming. After reading a lot of magazines about... https://www.scmp.com/news/china/society/article/1931062/liu-chengcheng-bold-decisions-helped-me-turn-36kr-news-website?utm_source=rss_feed https://www.scmp.com/news/china/society/article/1931062/liu-chengcheng-bold-decisions-helped-me-turn-36kr-news-website?utm_source=rss_feed Sat, 26 Mar 2016 18:30:15 +0000 Celine Ge Celine Ge Hong Kong and the mainland are among markets with the highest proportion of millennial entrepreneurs in the world, and those in the city might well earn more than their global counterparts, a recent survey has found. Forty-four per cent of entrepreneurs in Hong Kong and the mainland were under 35 years old, compared with a global average of 30 per cent for the same age bracket, according to an HSBC report released on Tuesday. The survey conducted by the global lender’s private banking arm polled... https://www.scmp.com/news/hong-kong/economy/article/1925193/young-rich-and-well-connected-hong-kong-and-mainland-china?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/1925193/young-rich-and-well-connected-hong-kong-and-mainland-china?utm_source=rss_feed Tue, 15 Mar 2016 06:45:30 +0000 William Bao Bean, a partner at Shanghai venture capital firm SOSV, works with more than 120 start-ups every year. Bao Bean, who is also managing director of two venture capital firms – Shanghai software-focused Chinacceleratoras well as MOX, focused on mobile technology – tells us about his businesses and the reality of starting up your own company. Why is it so hard for overseas companies to succeed in China? The biggest challenge for overseas companies in China is not the Chinese government,... https://www.scmp.com/news/china/money-wealth/article/1907076/forget-glamour-its-tough-life-out-there-one-venture?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/1907076/forget-glamour-its-tough-life-out-there-one-venture?utm_source=rss_feed Sat, 30 Jan 2016 03:31:20 +0000 Adam Wong’s parents made their living selling milk tea and breakfast at a stall in their early days in Hong Kong and eventually opened their own cha chaan teng, or tea cafe – a business that let him grew up contentedly and supported him to study aboard. Riding the mainland’s entrepreneurship wave, Wong is now spreading his affection for authentic milk tea in Beijing through an online-to-offline platform that he launched on July 1 this year, the 18th anniversary of Hong Kong’s handover. The... https://www.scmp.com/news/china/society/article/1895440/entrepreneurs-tea-cafe-brews-taste-hong-kong-mainland?utm_source=rss_feed https://www.scmp.com/news/china/society/article/1895440/entrepreneurs-tea-cafe-brews-taste-hong-kong-mainland?utm_source=rss_feed Sun, 27 Dec 2015 16:00:00 +0000 New research is beginning to cast light on the success rates of men and women when it comes to entrepreneurship and the results are surprising. On the whole, companies started and led by female entrepreneurs tend to out earn those founded by men. The results have been published in the second annual “Global Entrepreneur Report” conducted by French lender BNP Paribas. Worldwide, male entrepreneurs count for around 66 per cent of new companies, or nearly double the 34 per cent share led by... https://www.scmp.com/business/global-economy/article/1885181/female-entrepreneurs-have-no-glass-ceiling-their-own?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/1885181/female-entrepreneurs-have-no-glass-ceiling-their-own?utm_source=rss_feed Mon, 30 Nov 2015 05:49:54 +0000 Only one in every five of China’s second-generation rich, or “fu er dai”, is keen to take over their family business, a study shows, highlighting the challenges of succession within the country’s private economic powers. Only 20.5 per cent of those polled expressed interest in taking up the baton from their parents, according to a report by researchers from Peking University’s Guanghua School of Management. Nearly 70 per cent preferred to start their own business while the rest said they would... https://www.scmp.com/news/china/money-wealth/article/1854823/ill-do-it-my-way-only-one-five-chinas-second-generation-rich?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/1854823/ill-do-it-my-way-only-one-five-chinas-second-generation-rich?utm_source=rss_feed Wed, 02 Sep 2015 23:00:01 +0000 Cut-throat prices, rampant online piracy and fierce competition in China’s internet marketplace almost killed Gao Wei’s dream of setting up his own wedding dress company. But the boom in cross-border e-commerce in recent years gave his business fresh impetus and has helped make his products known to thousands of shoppers around the world. The office of Gao’s Suzhou Pansy Garment Company is on the top floor of a newly built shopping mall in the centre of Suzhou, Jiangsu province, at the centre of... https://www.scmp.com/news/china/society/article/1845870/chinese-wedding-dress-exporter-finds-success-being-good-fast-and?utm_source=rss_feed https://www.scmp.com/news/china/society/article/1845870/chinese-wedding-dress-exporter-finds-success-being-good-fast-and?utm_source=rss_feed Mon, 03 Aug 2015 01:30:15 +0000 Billionaire Fan Jianchuan is a self-confessed workaholic. “My work is my holiday,” the 57-year-old real estate developer turned museum owner said. During his interview with the South China Morning Post, he busied himself replying comments on his Weibo account. “Weibo is like a diary for me. It’s a self-publicity medium. I frequently interact with my followers,” he said, adding that he updates his 480,000 followers on his daily work at his museums or comments on hot news topics. Fan has spent the... https://www.scmp.com/news/china/money-wealth/article/1843908/chinese-tycoons-museum-business-brings-him-joy-fame-and?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/1843908/chinese-tycoons-museum-business-brings-him-joy-fame-and?utm_source=rss_feed Mon, 27 Jul 2015 01:30:30 +0000 Social groups set up for entrepreneurs to network within are becoming ubiquitous in China. Yet a mobile application version of such a group is unfazed by the competition. The app, Zhenghe Island, provides a platform for business founders to share their experiences and learn from each other about how to adapt their businesses in the age of the internet. “We are unique in combining traditional business social clubs and the mobile internet,” Zhenghe Island president Huang Lilu told the South China... https://www.scmp.com/news/china/money-wealth/article/1841330/no-businessman-island-app-helps-chinas-top-entrepreneurs?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/1841330/no-businessman-island-app-helps-chinas-top-entrepreneurs?utm_source=rss_feed Mon, 20 Jul 2015 01:30:30 +0000 [Sponsored Article]   As Hong Kong’s technology start-up community continues to expand at an energetic pace, the Hong Kong Science and Technology Parks Corporation (HKSTP) is continuously looking for ways to help its incubation companies, and Hong Kong’s wider start-up community, explore funding opportunities and develop business knowledge to enable them to grow their enterprises.   Peter Mok, HKSTPC head of incubation programmes, says that since 2003, through its various incubation programmes,... https://www.scmp.com/article/1840850/symposium-forges-links-help-start-ups-scale-and-branch-out?utm_source=rss_feed https://www.scmp.com/article/1840850/symposium-forges-links-help-start-ups-scale-and-branch-out?utm_source=rss_feed Fri, 17 Jul 2015 08:30:45 +0000 The rapid emergence of the fintech sector is giving entrepreneurs extensive scope to innovate and explore. Against a backdrop of evolving technologies and shifting consumer expectations, the way is open for them to create businesses which offer new operating paradigms or resolve challenges thrown up by the digital revolution.   In some cases, the emphasis is on the financial side, perhaps finding new ways to bring borrowers and lenders together. In others, it is on making the tech aspects more... https://www.scmp.com/article/1840838/data-storage-and-moneylending-get-connected?utm_source=rss_feed https://www.scmp.com/article/1840838/data-storage-and-moneylending-get-connected?utm_source=rss_feed Fri, 17 Jul 2015 07:45:30 +0000 The fifth annual HKUST One Million Dollar Entrepreneurship Competition built on the success of previous years by giving high-powered teams the inspiration and support to start new businesses.   The initial 100-plus proposals were first whittled down to a shortlist of 16. These teams then took part in a tough assessment over two days designed to test both the technical viability of their plans plus general sales skills and broader business know-how. This involved an on-campus trade show, followed... https://www.scmp.com/article/1840833/million-dollar-business-bosses-show-drive-succeed?utm_source=rss_feed https://www.scmp.com/article/1840833/million-dollar-business-bosses-show-drive-succeed?utm_source=rss_feed Fri, 17 Jul 2015 07:15:00 +0000 The results of the 16th Annual YDC E-Challenge 2015 have officially been announced. This year’s event set a new record in the number of participating educational institutions, with full-time students from a total of 16 local universities and tertiary institutes taking part in the competition. This year’s entrepreneurial projects are full of creativity, as demonstrated by innovative high-tech solutions like the Wearable Ankle Device, Human-Searching Robot in Fire Accident Sites and the R-Guardian... https://www.scmp.com/article/1840772/hkust-students-innovative-wearable-ankle-device-achieves-double-victory-ydc-e?utm_source=rss_feed https://www.scmp.com/article/1840772/hkust-students-innovative-wearable-ankle-device-achieves-double-victory-ydc-e?utm_source=rss_feed Fri, 17 Jul 2015 04:30:15 +0000 Since the arrival of the first ATM, the worlds of finance and technology have become ever more closely linked, creating in the process the need for a special kind of expertise spanning the two sectors.   Recognising this, the FinTech First seminar held on June 10 gave an audience of business school students, MBAs and professionals already working in the field a chance to hear about the latest trends and developments and what they may mean for start-ups, established businesses and general career... https://www.scmp.com/article/1840763/dynamic-hong-kong-can-own-fintech-phenomenon?utm_source=rss_feed https://www.scmp.com/article/1840763/dynamic-hong-kong-can-own-fintech-phenomenon?utm_source=rss_feed Fri, 17 Jul 2015 04:00:15 +0000 Hong Kong-based luxury carmaker Infiniti is joining forces with investment company Nest in a drive to promote entrepreneurship and support urban development.   A new programme, the “Infiniti Accelerator”, will choose up to eight start-ups to receive support from both companies, including mentorship by specialists in the fields of smart cities, hardware, manufacturing, transportation, technology and entrepreneurship.   The programme is part of Infiniti’s pledge to encourage innovators to show an... https://www.scmp.com/article/1840758/luxury-carmaker-plans-accelerate-entrepreneurial-spirit?utm_source=rss_feed https://www.scmp.com/article/1840758/luxury-carmaker-plans-accelerate-entrepreneurial-spirit?utm_source=rss_feed Fri, 17 Jul 2015 03:22:42 +0000 Social marketing is ultimately about creating word of mouth—otherwise I say you’re just advertising. Smart marketers go beyond broadcasting, utilising social listening tools to better understand their audiences and maximise the social influence of their brands. In other words, applying a good social listening strategy is the marketing equivalent of stalking someone on Facebook before meeting, so you know exactly what they like and what to talk about when you do. The fact that content-hosting... https://www.scmp.com/presented/topics/entrepreneurship/article/1811301/how-social-listening-can-help-your-business?utm_source=rss_feed https://www.scmp.com/presented/topics/entrepreneurship/article/1811301/how-social-listening-can-help-your-business?utm_source=rss_feed Thu, 28 May 2015 09:45:00 +0000 New businesses are born and developed every day in Hong Kong, which has been hailed as one of the most exciting places for startups businesses. Several valet storage companies have mushroomed in the past few months in the race to provide the best service to the millions of people struggling with small, crowded living spaces. Most of these start-up companies boast tailor-made, flexible storage price-points and arrangements made possible by the proliferation of technologies. They offer more... https://www.scmp.com/article/1761667/strategising-stake-niche-storage-business?utm_source=rss_feed https://www.scmp.com/article/1761667/strategising-stake-niche-storage-business?utm_source=rss_feed Thu, 09 Apr 2015 06:15:45 +0000