Information Technology companies operating within an innovation hub jointly developed by Hong Kong and Shenzhen have said that their office location allowed them to gain a competitive edge through cheaper rents, subsidies for innovation and easier access to talent. The Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, an initiative proposed by Beijing in…
Gas consumption in Hong Kong stayed below the pre-pandemic level for a sixth straight year in 2024, with the supplier expecting the pattern to persist due to what economists said was a “structural decline” in usage linked to lifestyle changes, including increased travel to mainland China. The city’s sole gas supplier, the Hong Kong and…
Gas consumption in Hong Kong stayed below the pre-pandemic level for a sixth straight year in 2024, with the supplier expecting the pattern to persist due to what economists said was a “structural decline” in usage linked to lifestyle changes, including increased travel to mainland China. The city’s sole gas supplier, the Hong Kong and…
Hong Kong’s Towngas is conducting emergency repairs after a burst water pipe damaged an underground gas line in North Point, affecting neighbourhood residents and disrupting traffic. All lanes between Kam Hong Street and Shu Kuk Street on eastern Hong Kong Island’s Tsat Tsz Mui Road remained closed to traffic as of 11am on Monday, hours…
Shanghai-based semiconductor start-up StarFive aims to boost adoption of its chips with the financial backing of the Hong Kong government, according to its founder, as China bets on the open-source RISC-V architecture to strengthen its chip industry amid escalating tensions with the US. The six-year-old RISC-V chipmaker secured an undisclosed sum from the Hong Kong…
Ecoceres, a spinoff from Hong Kong billionaire Lee Shau Kee’s gas supplier Towngas, makes environmentally-friendly jet fuel out of animal fat and used cooking oil. It has set its sights on becoming a leading producer of such fuel by the end of this year. As airlines around the world aim to mitigate their climate impact,…