Hong Kong’s success has always been in its openness to opportunity and willingness to try new things. This “can-do” spirit may now seem a bit canned in expression, but the truth of it remains – Hong Kong cannot afford to lose its appetite for risk. It was what made us a cultural icon in the…
To most Western observers, it would appear that China has driven its technology industry off a cliff. The number of startups fell by 50,000 between the peak in 2018 and 2023, with this year on track to be even lower. The market capitalizations of the biggest tech companies, including Alibaba Group Holding Ltd. and Tencent…
Businesspeople and entrepreneurs “are not bystanders” in Hong Kong, the city’s leader has said, vowing to lead different sectors to help boost the economy and improve livelihoods following his meeting with a senior Beijing official last week. Chief Executive John Lee Ka-chiu made the pledge on Tuesday, days after hearing from Xia Baolong, director of…
The number of new companies that are started in China annually has collapsed as fundraising by Chinese venture capital firms has similarly imploded. A recent Financial Times report described a dire Chinese startup landscape, with founders, investors, and VCs offering bleak comments on condition of anonymity. “The whole industry has just died before our eyes,”…