Date
17 October 2017

HKEJ

Hong Kong Economic Journal
  • As ICO provides a chance to exit a startup investment quickly, it has become increasingly popular with investors. Photo: Reuters

    ICOs giving venture capital firms a run for their money

    - Oct 17, 2017 10:00am
    Numerous startups worldwide have rushed to the initial coin offering (ICO) market to raise funds, and this trend may disrupt the long-time reliance on traditional venture capital, according to Heatherm Huang, founder of MailTime. ICO is...
  • Graph: The Global Entrepreneurship Monitor 2016/17:Hong Kong&Shenzhen report.

    Startups: How HK and Shenzhen can complement each other

    - Oct 13, 2017 9:59am
    China has been at the forefront of the internet economy in recent years. Many tend to compare Hong Kong with its neighbor Shenzhen. Some believe the two cities are competing with each other, while others said...
  • IKEA has been successful in using labyrinthine store layouts to generate impulse purchases, but it is now adopting new technology to overhaul its business operations. Photo: Reuters

    IKEA turns to e-commerce giants to sell furniture

    - Oct 12, 2017 3:59pm
    Amid the boom in e-commerce, brick-and-mortar retailers can’t afford to stick to their old ways of doing business. IKEA has become the latest major retailer to radically overhaul its sales strategy in the face of online...
  • Lalamove was founded in late 2013 and the startup has raised US$160 million so far. Photo: Lalamove

    Logistics startup Lalamove raises another US$100 mln

    - Oct 11, 2017 4:34pm
    Local logistics startup Lalamove said it has completed US$100 million worth of Series C funding, led by China’s ShunWei Capital, a venture capital firm co-founded by Xiaomi chief executive Lei Jun, who reportedly regards Lalamove as...
  • Zume Pizza is using speedy robots to help reduce labor costs, speed up production and improve food safety.  Photo: Zume Pizza

    From pizza to salad: Robots are ready to make your next meal

    - Oct 10, 2017 3:36pm
    The rapid progress in computing power and technology is transforming the way all businesses work. Jobs that involve repetitive actions are most at risk of being “automated” and replaced. Just recently, fast food chain Domino’s Pizza...
  • Zhong An chief executive Chen Jin (right) expects the percentage share of revenue derived from Alibaba and other key equity holders to drop in the near future. Photo: Bloomberg

    Zhong An rides ‘Ma effect’ as first major fintech listing in HK

    - Oct 6, 2017 5:08pm
    China’s first and largest internet-only insurer, Zhong An Online Insurance, raised US$1.5 billion in an initial public offering recently, making it the first major fintech listing in Hong Kong. With an oversubscription of 391.7 times from...
  • Anna Wong is a cofounder of FEW, a platform where women aspiring to become entrepreneurs can network. Photo: HKEJ

    Women-led startups on the rise in Hong Kong

    - Oct 3, 2017 3:08pm
    While the rise of the “She Economy” in China has boosted the country’s consumer market, women are also playing a significant role in the startup sector in Hong Kong and the mainland. Women-targeted platforms that provide assistance...
  • Local restaurants are more conservative in adopting new technology than their foreign counterparts, said Keith Li, co-founder and CEO of Innopage. Photo: HKEJ

    New technology to reshape dining experience

    - Sep 29, 2017 9:15am
    Hong Kong is widely regarded as a culinary paradise that offers eaters a wide variety of food and international cuisines. As a smart city, how can Hong Kong improve the dining experience of customers with new...
  • Founders and management of the six startups share their views on their businesses and on the Alibaba Hong Kong Entrepreneurs Fund. Photo: HKEJ

    Six Hong Kong startups get 10 mln yuan investment from Alibaba

    - Sep 28, 2017 2:33pm
    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...
  • BYD chairman Wang Chuanfu believes the plan to ban the production and sale of vehicles using fossil fuels will happen sooner than expected. Photo: Bloomberg

    BYD predicts China shift to electric cars by 2030

    - Sep 22, 2017 4:45pm
    China is working to set a timetable to phase out the production and sale of fossil-fuel-powered vehicles, in a move that will accelerate the push into the electric car market led by companies such as BYD...
  • Panelists urge the government to expedite the approval and rezoning process to identify more sites for immediate development. Photo: HKEJ

    Land supply hiding in plain sight: options from think tanks

    - Sep 21, 2017 3:38pm
    One misconception about Hong Kong’s housing conundrum is that the city lacks land. That is not the case given the size of the territory: 1,105 square kilometers. The key to understanding the crisis is the ineffective...
  • ZHO provides users a pack of tissue for free each day after scanning a QR code. Photo: 36kr.com

    Tissue-sharing startup ZHO secures 5 mln yuan in funding

    - Sep 14, 2017 5:01pm
    China has embraced the shared economy and flooded sharing startups with venture capital. A vivid example is ZHO. In a country where free tissue and toilet paper are uncommon in public areas, the startup provides users a...
  • Roy Lo and Coby Or turned an idea on AR wedding cards into a successful digital design services business. Photo: HKEJ

    How a design studio built its future through AR wedding cards

    - Sep 14, 2017 11:03am
    Add a dash of Augmented Reality (AR) tech to craft super-cool wedding cards! Roy Lo and Coby Or, co-founders of the Hong Kong startup Creote Studio, came up with this interesting idea when preparing their wedding dinner...
  • While online shopping is getting increasingly popular, cyber security has become an important concern, says Erwin Huang (above), associate professor and senior adviser (entrepreneurship) of HKUST. Photo: HKEJ

    How artificial intelligence prevents payment fraud

    - Sep 14, 2017 8:00am
    The e-commerce industry has continued to gain traction in Hong Kong in recent years. About 88 percent of Hong Kong people shopped online last year. Most shoppers were aged below 30, according to a report from...
  • Chinese department store operator Intime Retail has made good use of its partnership with e-commerce giant Alibaba. Photo: Reuters

    How big data helps transform Intime Retail

    - Sep 13, 2017 3:32pm
    Department stores in China have been having a hard time. More than half experienced a sales decline from 2011 to 2016, according to an industry survey. Intime Retail (Group) Company, while still making money, started to...
  • Politicization of issues has been a drag on Hong Kong's efficiency, HKU vice president Andy Hor says. Photo: HKEJ

    HKU VP and former NUS dean reflects on why HK is falling behind

    - Aug 31, 2017 11:37am
    Amicable political ties notwithstanding, Hong Kong and Singapore are a perfect pair of frenemies, with the cities squaring off against each other on almost all economic fronts. Prior to its return to Chinese rule in 1997,...
  • Cambricon chips are designed for deep learning and can be used in devices such as drones and cell phones and in autonomous driving.  Photo: Cambricon

    Meet China’s first AI unicorn

    - Aug 24, 2017 4:31pm
    Cambricon Technologies, a Beijing-based artificial intelligence (AI) chip developer, has raised US$100 million from government-backed State Development and Investment, Lenovo Capital and Incubator Group (LCIG), and an investment unit owned by Alibaba Group. It’s the nation’s...
  • ICAC Director of Investigation (Government Sector) Ricky Yu (center) poses for a picture with inspectors Winnie Lee (left) and Hazel Law. Photo: HKEJ

    120 witnesses, 6-year probe: ICAC sheds light on Hui-Kwok case

    - Aug 7, 2017 7:07pm
    Hong Kong’s anti-graft investigators have for the first time revealed details of their painstaking and multi-year probe that led to the convictions of former chief secretary Rafael Hui, former Sun Hung Kai Properties co-chairman Thomas Kwok...
  • After months of rest, it appears former financial secretary John Tsang could no longer fight the itch to return to the spotlight. Photo: HKEJ

    Tsang can’t afford to remain wishy-washy

    - Jul 27, 2017 9:45am
    Ever since the chief executive election in March, former financial secretary John Tsang has retired totally from public life. However, after months of rest, it appears he could no longer fight the itch to come back....
  • Mourners attend a memorial for Nobel Peace Prize laureate Liu Xiaobo in Tamar Park Wednesday evening, the seventh day of his passing. Photo: EJ Insight

    Liu Xiaobo and his somber reminder of the West’s hypocrisy

    - Jul 20, 2017 1:05pm
    Liu Xiaobo had always been a perverse intellectual in the eye of the Chinese Communist Party, but he was eventually rendered incapable of resistance by terminal liver cancer. His body was hastily cremated less than two...

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