https://www.scmp.com/rss/315540/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Johnson & Johnson, the US health care products giant, is joining forces with Shenzhen-based HAX, a support and consultancy service for start-ups, to offer health-related mentoring and access to its business networks. The partnership will see around 15 start-ups selected by the accelerator, or incubator, for a four-month programme in Shenzhen, giving them access to J&J’s suppliers and manufacturers. The programme will be run twice a year. Famous for its baby products, J&J invests $8 billion... https://www.scmp.com/business/article/2052655/johnson-johnson-teams-shenzhen-accelerator-hax-support-health-care-start?utm_source=rss_feed https://www.scmp.com/business/article/2052655/johnson-johnson-teams-shenzhen-accelerator-hax-support-health-care-start?utm_source=rss_feed Thu, 08 Dec 2016 00:48:29 +0000 Ray Chan, the 32-year-old co-founder of entertainment website 9GAG, is worried his advancing years mean he risks losing touch with the company’s millennial audience. While he still classes himself at the upper end of the age bracket, Chan recently launched an internship programme to bring in new blood so as to remain relevant to the website’s core visitors. Sixty per cent of its 150 million-strong monthly audience are under the age of 24. The decision to hire more youngsters comes as 9GAG, home... https://www.scmp.com/business/companies/article/2052601/9gag-why-age-more-just-number-when-it-comes-staying-relevant?utm_source=rss_feed https://www.scmp.com/business/companies/article/2052601/9gag-why-age-more-just-number-when-it-comes-staying-relevant?utm_source=rss_feed Wed, 07 Dec 2016 09:10:11 +0000 China’s financial technology (fintech) sector has leapfrogged competitors in the United Kingdom and United States in terms of numbers and innovation and sophistication, a report by EY and Singaporean banking giant DBS has found, by offering tailored services catering to strong consumer demand. However, the study also cautions it may still suffer a so-called “Galapagos Island effect” as the bigger players struggle to replicate their success overseas. The study revealed a high percentage of... https://www.scmp.com/business/banking-finance/article/2052274/chinese-fintechs-overtake-western-rivals-innovation?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2052274/chinese-fintechs-overtake-western-rivals-innovation?utm_source=rss_feed Tue, 06 Dec 2016 13:04:36 +0000 Real estate manager-turned-food entrepreneur Maximilian Von Poelnitz regrets picking Hong Kong as the location for his first start-up delivering meal kits containing portioned ingredients for cooking at home as the concept struggled to take off, despite similar businesses ‘exploding’ overseas. Undeterred, he is trying again by delivering meals cooked in a central kitchen and dispatched to Hong Kong’s health conscious, time poor diners through his latest start-up, Nosh. “Secret Ingredient I... https://www.scmp.com/business/article/2051609/nosh-brings-meal-your-choice-doorsteps?utm_source=rss_feed https://www.scmp.com/business/article/2051609/nosh-brings-meal-your-choice-doorsteps?utm_source=rss_feed Sun, 04 Dec 2016 12:00:40 +0000 A board games maker that has raised US$26 million over the past five years to fund production of its games through crowd funding campaigns on Kickstarter has placed shares on the Hong Kong Growth Enterprise Market to fund its expansion into China and to acquire other game companies. Tabletop game company CMON, which was founded in 2009 and has since produced 42 games, raised US$9 million via the GEM board listing in a bid to take a larger chunk of the growing board games market. “There’s a lot... https://www.scmp.com/business/china-business/article/2050921/board-games-maker-cmon-raises-us9m-warchest-expansion?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2050921/board-games-maker-cmon-raises-us9m-warchest-expansion?utm_source=rss_feed Fri, 02 Dec 2016 00:04:30 +0000 The Hong Kong government should use regional benchmarks to establish pricing for spectrum for mobile communications services ahead of their expiry in 2020 and 2021 while freeing up more spectrum for innovation purposes and allowing spectrum trading, telecommunications giant HKT has said. A report by consultancy firm Network Strategies, commissioned by HKT, found the proposed reference auctions by the Communications Authority to set pricing for reassigning chunks of spectrum, which is the radio... https://www.scmp.com/business/companies/article/2049858/hong-kong-should-use-regional-benchmarks-price-mobile-spectrum?utm_source=rss_feed https://www.scmp.com/business/companies/article/2049858/hong-kong-should-use-regional-benchmarks-price-mobile-spectrum?utm_source=rss_feed Mon, 28 Nov 2016 14:40:19 +0000 A high-speed internet connection is not enough to lift companies into the digital age as the failure of Hong Kong companies to create fruitful digital partnerships with other firms has meant the city lags behind Singapore in its application of digital and online technologies to boost business, a survey has found. The survey, conducted by the Economist Intelligence Unit and commissioned by telecommunications firm Telstra, placed Hong Kong in fourth place in Asia behind Singapore, South Korea and... https://www.scmp.com/business/article/2048368/hong-kong-lags-digital-technology-despite-top-infrastructure-says-survey?utm_source=rss_feed https://www.scmp.com/business/article/2048368/hong-kong-lags-digital-technology-despite-top-infrastructure-says-survey?utm_source=rss_feed Tue, 22 Nov 2016 14:44:10 +0000 A new ring gadget will have smartphone users looking like secret agents, but instead of transmitting sensitive codes, the invention delivers text messages or calls through vibrations straight into the ear. Hong Kong start-up Origami Labs has developed a ring worn on the index finger, which uses bone conduction technology to deliver sound when the user places their fingertip next to their ear, in a gesture similar to that used by the US secret service. The ring can be paired with a smartphone’s... https://www.scmp.com/tech/start-ups/article/2047951/hong-kong-start-takes-wearable-tech-next-level?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/2047951/hong-kong-start-takes-wearable-tech-next-level?utm_source=rss_feed Mon, 21 Nov 2016 09:46:45 +0000 China posted the highest number of technology initial public offerings (IPOs) during the third quarter of this year with nine companies raising funds to the tune of US$611 million, compared with just six during the same period in the United States, a PricewaterhouseCoopers report said. According to the “PwC Global Technology IPO Review Q3 2016” there was a “burst in IPO momentum” in the third quarter following increased confidence in the country’s economy. “Nevertheless, the absence of large... https://www.scmp.com/business/article/2047035/china-overtakes-us-tech-ipos-during-third-quarter?utm_source=rss_feed https://www.scmp.com/business/article/2047035/china-overtakes-us-tech-ipos-during-third-quarter?utm_source=rss_feed Thu, 17 Nov 2016 15:58:29 +0000 What’s the quirkiest thing you can buy online in China? Alibaba Group Holdings’ Taobao, TMall and AliExpress platforms, which together operate the world’s largest e-commerce services, now sell cosmetics and groceries, electronics, sportswear and cruise holidays. How about a Levante luxury sports utility vehicle by Maserati, or a flatbed truck by Foton? As many as 100,000 vehicles by dozens of makers were sold over 24 hours on Taobao and Tmall on November 11, equivalent to what 1,000 typical... https://www.scmp.com/business/article/2045577/alibaba-sells-record-100000-vehicles-online-24-hours?utm_source=rss_feed https://www.scmp.com/business/article/2045577/alibaba-sells-record-100000-vehicles-online-24-hours?utm_source=rss_feed Sun, 13 Nov 2016 11:45:00 +0000 A Hong Kong-based electric bicycle start-up plans to break into the premium powered bike market in China and the United States with the battery vehicle it developed as part of luxury carmaker Infiniti Motor’s accelerator. E-Cycle completed Infiniti’s “LAB accelerator” programme in December last year and company founder Alan Cymberknoh has since been working alongside the carmaker under an agreement to develop a prototype for the e-bike. Cymberknoh said the bike was designed for last mile... https://www.scmp.com/business/companies/article/2044819/hong-kong-electric-bike-start-eyes-china-us-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/2044819/hong-kong-electric-bike-start-eyes-china-us-market?utm_source=rss_feed Thu, 10 Nov 2016 08:51:19 +0000 Investment in Chinese financial technology companies (fintech) pushed total investment in Asia-Pacific to US$10.5 billion in the first three quarters of 2016, dwarfing a total US$6 billion of similar investments in the United States, according to Accenture. Massive investments into fintech companies in Asia-Pacific, including a US$4.5 billion round of private equity financing by Alibaba Group Holding affiliate Ant Financial Services in April, catapulted the region well ahead of Europe, which... https://www.scmp.com/business/article/2044433/investment-pouring-chinese-fintechs?utm_source=rss_feed https://www.scmp.com/business/article/2044433/investment-pouring-chinese-fintechs?utm_source=rss_feed Wed, 09 Nov 2016 09:35:16 +0000 Hong Kong is known for its convenience, but now even here – where there’s rarely an open food or drink store on the nearest corner – the popularity of online grocery deliveries is growing fast. So says Singaporean firm Honestbee, which launched in the city a year ago. The company uses a network of trained buyers who can pick up orders from shops run by its more than 20 partners, ranging from ParknShop to The Butchers Club, to the sweetshop, Mr Simms. The shopping is then picked up by a driver... https://www.scmp.com/business/article/2043692/honestbee-brings-fresh-buzz-convenience-shopping?utm_source=rss_feed https://www.scmp.com/business/article/2043692/honestbee-brings-fresh-buzz-convenience-shopping?utm_source=rss_feed Mon, 07 Nov 2016 11:00:04 +0000 A Singapore-based financial technology start-up aims to get merchants across Southeast Asia set up to accept mobile payments from Chinese tourists and ensure they capture a share of the heavy overseas spending of holidaymakers from the mainland. Yang Zhan, co-founder of FOMO Pay, said its service streamlines the steps needed for retailers or service providers to accept online and offline payments using the mobile wallets favoured by Chinese consumers, such as Tencent’s WeChat Pay, Baidu Wallet... https://www.scmp.com/business/article/2043074/fomo-pay-set-help-southeast-asian-retailers-tap-chinese-tourist-mobile?utm_source=rss_feed https://www.scmp.com/business/article/2043074/fomo-pay-set-help-southeast-asian-retailers-tap-chinese-tourist-mobile?utm_source=rss_feed Fri, 04 Nov 2016 09:30:45 +0000 Hong Kong companies must anticipate consumer demand, use big data to learn more about their customers and promote internal innovation to help fend off competition, according to business leaders. Speaking at the Game Changers Disrupt for New Business Growth conference held by the South China Morning Post on Tuesday, Michael Perry, director of strategic partnerships from Chinese drone maker DJI, said the company actively developed new technology based on customer demands. Perry said technology... https://www.scmp.com/business/article/2042025/anticipate-demand-use-big-data-and-innovate-if-you-want-competitive-edge?utm_source=rss_feed https://www.scmp.com/business/article/2042025/anticipate-demand-use-big-data-and-innovate-if-you-want-competitive-edge?utm_source=rss_feed Tue, 01 Nov 2016 14:52:18 +0000 A British professional services company that trains graduates in information technology to work as consultants for major companies is expanding its presence in Hong Kong and Asia as it seeks to fill a global skills gap and increase the number of women in the sector. London-based FDM group gives graduates and women returning to work 16 weeks of IT training ranging from cyber security to application support, an area of importance to its banking clients, which include HSBC, Bank of America-Merrill... https://www.scmp.com/business/article/2040656/fdm-opens-hong-kong-training-centre-boost-it-skills-womens-participation?utm_source=rss_feed https://www.scmp.com/business/article/2040656/fdm-opens-hong-kong-training-centre-boost-it-skills-womens-participation?utm_source=rss_feed Thu, 27 Oct 2016 10:03:29 +0000 Online sales of packaged foods, alcoholic drinks and personal care products in China are expected to continue its explosive growth trajectory, thanks to a key demographic that is relying more on e-commerce for their daily necessities, a survey has found. A survey of 4,600 people across 16 Chinese cities by consultancy OC&C found more consumers aged between 30 and 50 said they would turn to online shopping for shampoo and other daily necessities in the coming six months than those aged between 18... https://www.scmp.com/business/article/2040313/one-consumer-group-about-have-huge-impact-future-online-shopping-china?utm_source=rss_feed https://www.scmp.com/business/article/2040313/one-consumer-group-about-have-huge-impact-future-online-shopping-china?utm_source=rss_feed Wed, 26 Oct 2016 11:43:35 +0000 Internet users in Hong Kong are accessing the web on an increasing numbers of devices, posing both a challenge and an opportunity to marketers, according to a Taiwanese start-up employing artificial intelligence to help reach consumers. A study examining one trillion data points from Appier-run advertising campaigns in the first half of the year found the number of users accessing the internet on four devices in Hong Kong grew 40 per cent over the previous six months, outpacing the rate of... https://www.scmp.com/business/article/2038324/online-advertisers-plot-new-approach-reaching-hong-kong-audiences?utm_source=rss_feed https://www.scmp.com/business/article/2038324/online-advertisers-plot-new-approach-reaching-hong-kong-audiences?utm_source=rss_feed Wed, 19 Oct 2016 11:29:48 +0000 Razer Inc, the California-based gaming device provider, has bought audio-visual entertainment company THX for an undisclosed amount, and now plans to help the firm expand into the growing Chinese cinema market as well as combine the two companies’ strengths in developing virtual reality technology. Tan Min-Liang, Razer’s chief executive and co-founder, said the start-up had acquired the majority assets of THX, including its intellectual property. Razer has 20 million gamers worldwide using... https://www.scmp.com/tech/start-ups/article/2028759/razer-buys-audio-visual-firm-thx-cash-growing-chinese-cinema-market?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/2028759/razer-buys-audio-visual-firm-thx-cash-growing-chinese-cinema-market?utm_source=rss_feed Mon, 17 Oct 2016 09:45:00 +0000 Nissan Motor’s premium Infiniti brand could have driverless vehicles on the streets of Hong Kong in the next five years, if local regulations allow, according to an executive with the carmaker. Hands-free technology could be in place in the Hong Kong-based automaker’s cars as early as 2020 allowing in-town autonomous driving, Dane Fisher, general manager for business transformation and brand at Infiniti Global, said at an event to mark the end of the company’s second start-up accelerator... https://www.scmp.com/business/article/2027446/infinitis-autonomous-cars-could-hit-hong-kongs-streets-2020-if-regulations?utm_source=rss_feed https://www.scmp.com/business/article/2027446/infinitis-autonomous-cars-could-hit-hong-kongs-streets-2020-if-regulations?utm_source=rss_feed Wed, 12 Oct 2016 10:02:47 +0000 Casino hub Macau is preparing to take on a new role connecting entrepreneurs from the Portuguese-speaking world and China, after staging the city’s first start-up forum this week. Eric Yeung Tsun-Ma, chairman of the Macau China Thinktank for Fintech Industries, which organised the StartUP Macau Forum, said the city’s start-ups to date had mostly been part-time projects. But he believes increased cooperation with experts from Portugal would help promote entrepreneurship in the territory. The... https://www.scmp.com/business/article/2027031/macau-bets-start-ups-key-diversifying-economy?utm_source=rss_feed https://www.scmp.com/business/article/2027031/macau-bets-start-ups-key-diversifying-economy?utm_source=rss_feed Tue, 11 Oct 2016 07:10:01 +0000 Three and four-bedroom flats proved popular with home buyers on Saturday as developers launched new luxury developments following strong sales of small flats in September. Nan Fung Development sold 26 flats at its Island Garden development in Shau Kei Wan from its first batch of 148 units. The most expensive sold for HK$31 million, or HK$26,168 per square foot, the developer said. Hong Kong home prices to rise 5pc next year, supported by sales volume recovery, analysts say CK Property Holdings... https://www.scmp.com/news/hong-kong/economy/article/2026362/hong-kong-interest-luxury-flats-rebounds-after-september?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/2026362/hong-kong-interest-luxury-flats-rebounds-after-september?utm_source=rss_feed Sat, 08 Oct 2016 12:15:45 +0000 Razer Inc., which has 20 million gamers worldwide using its controllers, keyboards, high-performance laptops and other paraphernalia for computer games, has launched a US$30 million fund to invest in technology companies, as it looks to add new businesses to its customer base. Launched in September, the zVentures fund will seek out promising startups in virtual reality, robotics and the Internet of Things, focusing on locations where it already has a presence, such as in China, said co-founder... https://www.scmp.com/business/article/2025400/razer-starts-us30-million-fund-seek-out-startups-robotics-virtual-robotics?utm_source=rss_feed https://www.scmp.com/business/article/2025400/razer-starts-us30-million-fund-seek-out-startups-robotics-virtual-robotics?utm_source=rss_feed Wed, 05 Oct 2016 10:55:57 +0000 A Hong Kong-based security firm providing secure means for banks to send private data to clients is seeing growing interest from the insurance industry as it claims its systems allow customers to create new revenue streams. Cedric Jeannot, chief executive of financial technology (fintech) start-up APrivacy, said the company’s security features provide an invisible layer to allow banks to send financial information securely to clients through email, document sharing websites and other... https://www.scmp.com/business/article/2023720/insurers-spy-revenue-creation-possibilities-aprivacys-secure-data?utm_source=rss_feed https://www.scmp.com/business/article/2023720/insurers-spy-revenue-creation-possibilities-aprivacys-secure-data?utm_source=rss_feed Thu, 29 Sep 2016 11:50:54 +0000 Shenzhen-based DJI, the world’s largest drone maker, has launched a new portable model that is says folds down to the size of a water bottle. The “Mavic Pro” has four folding arms and propellers, allowing it to be fitted into a backpack or handbag, the company said. It claims the new device, which will cost from HK$7,759, can be unfolded and airborne within one minute. DJI’s flagship Phantom 4 drone retails for HK$9,299. Research firm Teal Group predicts global sales of civilian drones will soar... https://www.scmp.com/business/article/2023391/dji-launches-foldable-drone-can-be-fitted-rucksack-and-travel-7km-65-km/h?utm_source=rss_feed https://www.scmp.com/business/article/2023391/dji-launches-foldable-drone-can-be-fitted-rucksack-and-travel-7km-65-km/h?utm_source=rss_feed Wed, 28 Sep 2016 11:29:25 +0000 Snapchat is gaining popularity in Hong Kong as an older audience join the traditional teenage user base for the social media app, allowing them to send photogaphs that disappear after viewing, a survey has found. As many as 46 per cent of Hong Kong’s Internet users report using the app, making the city the number one market in the Asia-Pacific for Snapchat, according to a survey. Last year, 19 per cent of Internet users reported using the app. Instagram has the largest penetration of Internet... https://www.scmp.com/business/article/2023386/hong-kongs-snap-happy-users-make-city-snapchats-no-1-market-asia?utm_source=rss_feed https://www.scmp.com/business/article/2023386/hong-kongs-snap-happy-users-make-city-snapchats-no-1-market-asia?utm_source=rss_feed Wed, 28 Sep 2016 10:54:25 +0000 About two thirds of asset managers and owners in Asia Pacific expect blockchain, the distributed ledger technology behind cryptocurrency bitcoin, to be widely adopted in the investment industry in the next five years, a survey by financial services firm State Street has found. The survey of 48 asset managers and 42 asset owners carried out in partnership with Oxford Economics found 65 per cent of respondents expected to see the technology in use in the next five years. The greatest optimism came... https://www.scmp.com/tech/article/2021678/use-blockchain-finance-become-widespread-5-years-say-asset-managers?utm_source=rss_feed https://www.scmp.com/tech/article/2021678/use-blockchain-finance-become-widespread-5-years-say-asset-managers?utm_source=rss_feed Thu, 22 Sep 2016 12:18:45 +0000 DJI, the world’s biggest maker of remote controlled drones, opens its first retail store in Hong Kong this weekend in the heart of Causeway Bay to give up-and-coming drone pilots hands-on experience of flying the machines. The 10,000 square foot site – over three storeys in the newly opened 535 Mall on Jaffe Road – marks a return to its roots by Da-Jiang Innovations Science & Technology Co, the formal name of DJI. Its founder Frank Wang, an alumnus of Hong Kong University of Science &... https://www.scmp.com/business/companies/article/2021614/drone-maker-djis-new-hong-kong-store-offer-customers-chance-fly?utm_source=rss_feed https://www.scmp.com/business/companies/article/2021614/drone-maker-djis-new-hong-kong-store-offer-customers-chance-fly?utm_source=rss_feed Thu, 22 Sep 2016 06:41:32 +0000 Financial technology (fintech) companies in Hong Kong say they are seeking to appoint more talented graduates – but the big brand appeal of traditional banks still remains strong for youngsters, and their parents, according to experts. Arthur Hayes, chief executive of bitcoin derivatives trading company Bitmex, said it has struggled to hire locally for just four places on its new graduate programme, which will focus on financial derivatives, cryptocurrency bitcoin, and blockchain, the technology... https://www.scmp.com/business/article/2020420/fintechs-struggling-attract-graduates-who-still-favour-traditional-banks?utm_source=rss_feed https://www.scmp.com/business/article/2020420/fintechs-struggling-attract-graduates-who-still-favour-traditional-banks?utm_source=rss_feed Sun, 18 Sep 2016 10:31:53 +0000 Hong Kong Airlines said on Thursday it has ordered nine Airbus A330 widebody jets with a total list price of US$2.3 billion. The airline said the new A330-300 aircraft purchased from Airbus would be used across its network in Asia and beyond. “Today’s announcement underscores our plan to operate an extensive regional network in Asia,” said Zhang Kui, president of Hong Kong Airlines. Hong Kong airlines operates an all-Airbus fleet made up of 11 A320s, 22 A330s and 5 A330-200 and is set to expand... https://www.scmp.com/business/companies/article/2019747/hong-kong-airlines-orders-nine-airbus-a330-jets-us23-billion-deal?utm_source=rss_feed https://www.scmp.com/business/companies/article/2019747/hong-kong-airlines-orders-nine-airbus-a330-jets-us23-billion-deal?utm_source=rss_feed Thu, 15 Sep 2016 14:02:21 +0000 Hong Kong International Terminals Limited (HIT), operator of one of the city’s shipping container terminals, said it has set up a dedicated team to help retrieve containers affected by the collapse of Hanjin Shipping. HIT said its team of 70 had retrieved 1,500 Hanjin containers since the Korean shipping firm filed for receivership at the end of August. The terminal said on Thursday that affected companies should contact Hanjin to retrieve their containers, but it was offering assistance to... https://www.scmp.com/business/global-economy/article/2019745/hutchisons-terminal-unit-sets-team-retrieve-containers-after?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/2019745/hutchisons-terminal-unit-sets-team-retrieve-containers-after?utm_source=rss_feed Thu, 15 Sep 2016 13:32:08 +0000 Henderson Land Development has agreed to sell its Golden Centre office building in Sheung Wan to an undisclosed buyer for HK$4.4 billion, according to a filing made to the Hong Kong Stock Exchange on Thursday. The 27-storey building at 188 Des Voeux Road Central, which was built in 1991, has a gross floor area of approximately 156,000 square feet. The sale is expected to be completed by December 1, the filing said, with an estimated gain of approximately HK$1.996 billion attributable to the... https://www.scmp.com/business/article/2019741/henderson-sells-golden-centre-office-building-hk44-billion?utm_source=rss_feed https://www.scmp.com/business/article/2019741/henderson-sells-golden-centre-office-building-hk44-billion?utm_source=rss_feed Thu, 15 Sep 2016 12:49:26 +0000 United States travel search engine Kayak is set to expand its presence in Asia-Pacific with a new office in Hong Kong and a larger team as the online travel market in the region is expected to become the world’s largest next year, its president said. Keith Melnick, president of the travel search engine which lets users compare hotels, flights or packages across different websites through 1.5 billion searches made each year, said the company had seen strong growth across its 12 local websites in... https://www.scmp.com/business/article/2019343/online-travel-search-firm-kayak-grows-asia-pacific-presence-office-hong?utm_source=rss_feed https://www.scmp.com/business/article/2019343/online-travel-search-firm-kayak-grows-asia-pacific-presence-office-hong?utm_source=rss_feed Wed, 14 Sep 2016 09:21:39 +0000 HSBC will lower its Mandatory Provident Fund management fees on three constituent funds to 0.75 per cent per annum of net asset value starting from the beginning of October, the lender said. The three constituent funds to see lower fees are under its SuperTrust Plus and ValueChoice schemes and the changes will bring the proportion of low fee funds under HSBC MPF schemes to 63 per cent. The Flexi-Managed Fund and the Stable Growth Fund under SuperTrust Plus and the Value Choice Growth Fund will... https://www.scmp.com/business/money/markets-investing/article/2018705/hsbc-lower-mpf-fees-hong-kong-075pc?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/2018705/hsbc-lower-mpf-fees-hong-kong-075pc?utm_source=rss_feed Mon, 12 Sep 2016 14:35:26 +0000 A Hong Kong-based trading simulator and a mainland Chinese security company’s project using the distributed ledger technology blockchain to register and trade artworks have won a UK government competition to promote international financial technology (fintech) collaboration. EquitySim and Shenzhen-listed security card manufacturer Hengbao were winners of the UK Fintech Awards 2016, presented by the Department for International Trade, formerly UK Trade and Investment. “Something we want to... https://www.scmp.com/business/article/2017687/uk-fintech-awards-select-trading-simulator-artwork-registry-competition?utm_source=rss_feed https://www.scmp.com/business/article/2017687/uk-fintech-awards-select-trading-simulator-artwork-registry-competition?utm_source=rss_feed Fri, 09 Sep 2016 02:00:58 +0000 Telecommunications giant HKT has expanded its mobile payment service Tap & Go to allow more online and offline retail payments and greater peer-to-peer transfer options after being granted a stored value license by Hong Kong’s de facto central bank. Tap & Go was launched in July last year and in August HKT Payment Limited was one of four players to be granted the first batch of Stored Value Facilities licences by the Hong Kong Monetary Authority. Alex Arena, group managing director of HKT, said... https://www.scmp.com/business/article/2015144/hong-kongs-hkt-expands-mobile-payment-service-part-fintech-push?utm_source=rss_feed https://www.scmp.com/business/article/2015144/hong-kongs-hkt-expands-mobile-payment-service-part-fintech-push?utm_source=rss_feed Mon, 05 Sep 2016 11:06:09 +0000 Weekend warriors and sports coaches are the target markets for two Hong Kong start-ups developing sports wearables designed to optimise performance by keeping athletes warm with heated shirts and allowing swimmers to track their progress in the water. Clim8 combines tiny sensors and a detachable battery back into the thermal layer worn by athletes, skiers or recreational joggers alike to keep them warm in cool weather and boost performance. A second company, Platysens, is set to launch a... https://www.scmp.com/business/article/2013090/hong-kong-start-ups-target-athletes-new-wearables?utm_source=rss_feed https://www.scmp.com/business/article/2013090/hong-kong-start-ups-target-athletes-new-wearables?utm_source=rss_feed Sun, 04 Sep 2016 07:03:43 +0000 Media analytics, particularly the monitoring of social media trends by financial technology (fintech) start-ups, can provide regulators with new low-cost ways to spot misconduct, according to a senior official at Hong Kong’s market regulator. Benedicte Nolens, the head of risk and strategy for the Hong Kong Securities and Futures Commission, said her research into fintech and regulatory technology (regtech), had brought up the potential of media analytics, which relies on artificial intelligence... https://www.scmp.com/business/article/2013139/media-analytics-may-provide-low-cost-tool-financial-regulators?utm_source=rss_feed https://www.scmp.com/business/article/2013139/media-analytics-may-provide-low-cost-tool-financial-regulators?utm_source=rss_feed Fri, 02 Sep 2016 13:22:35 +0000 US domain name and web hosting company GoDaddy has launched a Tinder-like app for aspiring entrepreneurs in Hong Kong to post their ideas and receive feedback from the community. The app, called Flare, was first launched in North America in May and is now being expanded to potential entrepreneurs in Hong Kong, Singapore, Malaysia and the Philippines. Aspiring entrepreneurs anonymously post their ideas with a photo that appears on users’ home screens. Users swipe left to ignore, swipe right to... https://www.scmp.com/business/article/2012279/godaddy-brings-tinder-app-hong-kong-help-entrepreneurs?utm_source=rss_feed https://www.scmp.com/business/article/2012279/godaddy-brings-tinder-app-hong-kong-help-entrepreneurs?utm_source=rss_feed Thu, 01 Sep 2016 10:05:53 +0000 Chinese information technology company Inspur International reported a net loss of HK$5.18 million in the first half of 2016, an improvement on the same period last year as the revenue and gross margin on the company’s enterprise resource planning software maintained stable growth. The figure compared with a loss of HK$16.70 million in the January to June period a year ago. “We put more efforts to contact the potential domestic market, and expand size in the domestic business,” Inspur said in a... https://www.scmp.com/business/article/2009533/inspur-cuts-losses-growth-software-business?utm_source=rss_feed https://www.scmp.com/business/article/2009533/inspur-cuts-losses-growth-software-business?utm_source=rss_feed Fri, 26 Aug 2016 12:43:33 +0000 Massive deals in mainland China have lifted overall financial technology (fintech) investments in Asia-Pacific to a record US$9.623 billion in the past seven months, eclipsing the size of transactions in North America and Europe for the same period. Total fintech investments in the region had skyrocketed on the back of the US$4.5 billion round of private equity financing by Alibaba Group Holding affiliate Ant Financial Services in April. That oversized financing round by Ant, which operates... https://www.scmp.com/tech/china-tech/article/2008967/asia-fintech-deals-near-us10b-amid-mega-funding-china?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/2008967/asia-fintech-deals-near-us10b-amid-mega-funding-china?utm_source=rss_feed Thu, 25 Aug 2016 09:30:45 +0000 Huawei Technologies-backed software and information services provider ChinaSoft International posted a 20.8 per cent year-on-year rise in interim revenue on growth from core customers and contributions from its information technology outsourcing platform Joint Force. ChinaSoft, which provides IT outsourcing, reported revenue of 2.88 billion yuan (HK$3.37 billion) for the first six months of the year, up from 2.39 billion on the same period last year. A Reuters full-year estimate for 2016 for... https://www.scmp.com/business/article/2008003/chinasoft-first-half-revenue-21pc-it-outsourcing-growth?utm_source=rss_feed https://www.scmp.com/business/article/2008003/chinasoft-first-half-revenue-21pc-it-outsourcing-growth?utm_source=rss_feed Tue, 23 Aug 2016 13:17:51 +0000 A Hong Kong developer has launched an app which allows consumers to check their credit rating for free, after being recognised by an pan-Asian financial technology competition run by Citibank last year. Mtel’s CreditCheck app, previously known as SmartLoan, is available for android and iOS from Tuesday. It easures credit worthiness on a scale of A to J, based on data compiled by credit reference agency Transunion. “There are so many applications focused on expense management, but credit... https://www.scmp.com/business/article/2007902/hks-mtel-launches-free-credit-check-app?utm_source=rss_feed https://www.scmp.com/business/article/2007902/hks-mtel-launches-free-credit-check-app?utm_source=rss_feed Tue, 23 Aug 2016 08:17:03 +0000 Two Hong Kong financial technology (fintech) start-ups have become the first Asian apps to be added to the Thomson Reuters Eikon financial data platform’s App Studio, for use by global users. Ratings firm Oddup and market sentiment analysis company Amareos, which gives investors insight into the psychological state of global markets, have both been launched for Eikon users through its third-party app service, App Studio. “Our aim is to equip the Thomson Reuters Eikon community with insights on... https://www.scmp.com/tech/article/2007852/oddup-amareos-team-reuters-app-rate-asian-start-ups?utm_source=rss_feed https://www.scmp.com/tech/article/2007852/oddup-amareos-team-reuters-app-rate-asian-start-ups?utm_source=rss_feed Tue, 23 Aug 2016 07:05:54 +0000 Kingdee International Software Group, the Hong King-listed business software specialist, has predicted cloud services will be delivering 40-50 per cent of its total revenue within three years, as the slowing Chinese economy pushes more firms towards better management tools. Robert Xu Shaochun, the chairman and chief executive at Kingdee, said at a press conference on Thursday that cloud services accounted for 20 per cent of the company’s revenue in the first half of this year, and would remain... https://www.scmp.com/business/article/2005709/kingdee-plots-cloud-based-future-after-delivering-385pc-profit-rise?utm_source=rss_feed https://www.scmp.com/business/article/2005709/kingdee-plots-cloud-based-future-after-delivering-385pc-profit-rise?utm_source=rss_feed Thu, 18 Aug 2016 11:30:00 +0000 Hong Kong’s clout as a global financial centre means it can expect to play a major role in implementing blockchain – a fraud-proof system of transacting money on which virtual currency bitcoin is built – alongside London, New York and Singapore, according to a senior official at computer giant Microsoft. Marley Gray, director business development and strategy, Cloud + Enterprise at the US tech giant says blockchain is expected to be implemented by banks and other financial institutions within... https://www.scmp.com/business/article/2004784/hk-expected-be-heart-blockchain?utm_source=rss_feed https://www.scmp.com/business/article/2004784/hk-expected-be-heart-blockchain?utm_source=rss_feed Tue, 16 Aug 2016 14:56:20 +0000 Arrow, the US-listed electronic components distributor, says it has received a strong response from local SMEs to its new Arrow Open Lab in Hong Kong – a facility that allows hardware start-ups to test their products on expensive equipment they are unlikely to be able to afford themselves. Esmond Wong, Arrow’s vice president, supplier marketing, said 120 engineers have signed up to use the lab, which opened in June, from 50 companies. The 3,000 square foot facility, which is free to members at... https://www.scmp.com/business/article/2002368/hk-test-lab-electronic-startups-attracts-120-engineers-first-two-months?utm_source=rss_feed https://www.scmp.com/business/article/2002368/hk-test-lab-electronic-startups-attracts-120-engineers-first-two-months?utm_source=rss_feed Thu, 11 Aug 2016 08:38:30 +0000 A website designed to give Hong Kong start-ups a free legal framework in their early stages and as they seek investment has been launched by Swire Properties’ accelerator blueprint, law firm Bird & Bird and early stage investor Seedcamp. Seedsummit Hong Kong provides four simple documents aimed at start-up founders to guide them through the early stages of their company from the founders agreement and intellectual property assignment through to an adviser agreement and a framework for a term... https://www.scmp.com/business/article/2001516/swire-accelerator-supports-hong-kong-start-ups-free-legal-framework?utm_source=rss_feed https://www.scmp.com/business/article/2001516/swire-accelerator-supports-hong-kong-start-ups-free-legal-framework?utm_source=rss_feed Tue, 09 Aug 2016 14:22:16 +0000 Hong Kong’s hotels, under pressure to fill their rooms amid the city’s tourism slump, may become increasingly vocal in opposing the growth of Airbnb, said Denis Ma, Jones Lang Lasalle’s Hong Kong head of research. Mainland Chinese tourists, which make up almost 80 per cent of Hong Kong visitor arrivals, fell 8. 3 per cent in May to 4.45 million compared to the same month last year, according to tourism board figures. Hotel occupancy rates fell to 84 per cent in the first five months of the year,... https://www.scmp.com/business/companies/article/2000988/hong-kong-hoteliers-may-become-vocal-opponents-airbnb?utm_source=rss_feed https://www.scmp.com/business/companies/article/2000988/hong-kong-hoteliers-may-become-vocal-opponents-airbnb?utm_source=rss_feed Mon, 08 Aug 2016 13:46:45 +0000 Kevin Lynch’s Airbnb hosts had carefully drawn a map to guide him to his home for a couple of nights on the edge of Mui Wo on Lantau, yet his sense of direction still failed him as he took different routes each time to the converted cowshed. Lynch relocated to Hong Kong from Shanghai in September 2013. Instead of renting a flat in the usual expat haunts, he set himself the challenge of discovering different neighbourhoods by staying in Airbnb for a year. Illegal, unlicensed and completely... https://www.scmp.com/business/companies/article/2000985/american-hong-kong-airbnb-way?utm_source=rss_feed https://www.scmp.com/business/companies/article/2000985/american-hong-kong-airbnb-way?utm_source=rss_feed Mon, 08 Aug 2016 13:18:38 +0000