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Hong Kong’s chip design capabilities will likely be in high demand as the Greater Bay Area further develops smart infrastructure and as the city positions itself as a hub for innovation and technology, according to a leading Hong Kong research engineer.
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China’s SenseTime Group, currently regarded as the world’s most valuable AI startup, has seen its valuation breach US$7.5 billion this year, following massive investments from the likes of SoftBank. The company was reportedly valued at US$4.
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Chinese artificial intelligence (AI) firm Megvii has filed for a public listing in Hong Kong. The company is backed by e-commerce giant Alibaba and state-owned enterprises such as Bank of China Group Investment, the bank’s private equity arm.
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US officials are seeking to block an undersea internet cable linking the US to China over national-security concerns, The Wall Street Journal reported on Wednesday, citing people involved in the discussions.
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Cross-border ecommerce is expected to grow at 25% until 2024, but the biggest problem is the high shipping fee for customers Hong Kong-based Buyandship is now focussing on India and has signed up local partners for last-mile delivery The primary focus for the company is establishing a base in Delhi,
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Hong Kong-based payment firm BBPOS has closed an $8 million funding round by a local investment firm, the company said in a statement. It, however, did not disclose the name of the investor.
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The Hong Kong-Zhuhai-Macao Bridge is open to traffic and the outline plan for developing a world-class urban cluster in the GBA has been is launched.
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HKTaxi puts itself forward to operate 200 luxury cabs under a divisive scheme proposed by the government to improve standards.
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Personal finance platform CompareAsiaGroup has raised US$20 million in a series B1 funding round led by information services provider Experian. “The challenge of financial inclusion is not limited to emerging markets.
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Hong Kong is betting on biotechnology for the future as mapped out in the recent Budget but private sector investments are so anaemic that the few players around fear the industry may never take off in the city.
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