An environmental scientist at City University of Hong Kong (CityU) has been awarded US$100,000 by Grand Challenges Explorations (GCE), an initiative of the Bill & Melinda Gates Foundation (the foundation), for a novel way to cultivate 10 distinct probiotic bacteria simultaneously.Dr Carol Lin Sze-ki, Associate Professor in CityU's School of Energy and Environment (SEE), an expert on microbial fermentation and bioprocessing, will lead the project in collaboration with Dr Srinivas Mettu from the Department of Chemical Engineering at The University of Melbourne, with expertise in soft surfaces and hydrogels.GCE supports innovative thinkers worldwide to explore ideas that can break the mold in how we solve persistent global health and development challenges.Dr Lin and Dr Mettu's bold idea is one of 56 GCE Round 22 grants announced by the foundation from approximately 1,700 proposals submitted in the round (i.e.The grant will be used to develop a specially designed bioreactor that can accommodate a huge variation in the microbial environment.Mimicking the human gut, the microbial environment enables the growth of multiple strains of probiotic bacteria.
Li is the 28th-richest person in the world and has an estimated net worth of $30.3 billion, according to Forbes.Often called "Superman," he has an incredible "rags-to-riches" story that saw him go from being impoverished in southern China to building a conglomerate that spans across 50 countries and 323,000 employees.Visit Business Insider's homepage for more stories.Li now focuses on his charitable foundation, the Li Ka Shing Foundation, and has pledged one-third of his wealth to philanthropy.While he is no longer the richest man in Asia, the 91-year-old still ranks as the 28th-richest person in the world and has a current estimated net worth of $30.3 billion.He went from dropping out of school as a child to support his family to becoming the first person of Chinese origin to buy one of the British-built Hong Kong companies that dominated the city since its colonial days.
What happened: Tencent has appointed the former head of its fintech business, Lai Zhiming, as the new chairman of Infinium, the digital banking joint venture in Hong Kong between Tencent, ICBC, and Hong Kong Exchanges and Clearing.Meanwhile, Lin Haifeng, previously the investment and management partner at the company, has replaced Lai as the new head of the fintech unit.Why it’s important: The leadership shuffle comes as fintech becomes an increasingly important business unit for the Chinese internet giant.Tencent’s latest financial results show that fintech and enterprise-facing services is its second-largest division, accounting for a quarter of its revenue.The company operates one of the largest mobile payment platforms in China, WeChat Pay, and is a major investor in fintech startups in China and overseas.Tencent recently obtained a license from Hong Kong’s banking regulator, joining companies including Ant Financial and Xiaomi in a race to set up virtual banks in the city.
Blockchain is one of the fastest growing skills among workers in the Asia Pacific (APAC) region, according to a LinkedIn report published Wednesday.LinkedIn analyzed the skills listed by its members from the APAC region over the last five years to identify the top 10 rising skills.The report found blockchain to be the fastest growing skill in Singapore and among the top three in China, Japan, Taiwan, South Korea, Hong Kong, and Vietnam.According to LinkedIn, blockchain as a skill is mostly utilized for setting up and managing distributed and decentralized public ledgers.The workers with these skills often fill the roles of blockchain developers, chief technology officers (CTO), and consultants.Apart from blockchain, the other top 10 rising skills in the region are artificial intelligence (AI), frontend web development, human-centered design, robotic process automation (RPA), workflow automation, social media marketing, compliance, continuous integration, and gesture recognition technology, in no particular order.
Chinese electric vehicle (EV) maker Chehejia (CHJ) is planning to restructure into a variable interest entity (VIE) and register an offshore holding company for a possible listing overseas.According to an announcement released Tuesday by major shareholder Zhejiang Leo Company Ltd, one of its Hong Kong subsidiaries will subscribe approximately 68.6 million shares of Leading Ideal Inc, a Cayman Islands corporation which will be jointly owned by CHJ shareholders.CHJ will be indirectly controlled by Leading Ideal Inc, after it completes the restructuring using the VIE structure, said Zhejiang Leo.The Shenzhen-listed company, which owns about 7.5% shares of CHJ, said the deal was “in line with CHJ’s reorganizing” and that its ownership stake will be the same under the new structure.“Public listing is an inevitable choice [for CHJ], as it has been hard for the company to raise funds in private capital markets,” (our translation) reported China Business Journal citing an industry insider.Chinese companies that list in the US mostly use a foreign incorporated company as the listed company.
In the five months since freshman Senator Josh Hawley (R-MO) took office, he's become known for his insightful understanding of big tech.He's just lobbed another blast at Google, in the form of an open letter over something that seems totally inconsequential: a mistaken Chinese translation via its free, automatic translation service.But the mis-translation seemed to support the Chinese government party line during Hong Kong's protests.His questions, bills, and commentary on tech are seen as "sophisticated"— proof that not everyone in Washington is as clueless about Silicon Valley as they sometimes appear to be.He's written an Op-Ed that blasted social media, and he's submitted bills to limit tech's bad behavior including a "do not track" bill as well as a bill that stops apps from using in-app purchases, aka lootboxes, in children's games.And he's said in media interviews that he's disturbed by what he sees as the big tech companies giving Washington the run-around while at the same time lobbying heavily, he told Fast Company, last week.
English is spoken all over in Hong Kong and most indications are likewise in English.China likewise prides for being house to the biggest Buddha statue internationally.Siblings generally have absolutely different
Ping An’s OneConnect leaning towards New York over Hong Kong for IPO: sources – ReutersWhat happened: Ping An Insurance’s fintech unit OneConnect is leaning towards New York as the destination for its initial public offering (IPO), which could take place as early as in September.The fintech company is pondering a listing in the US in the hope to achieve a higher valuation, according to sources cited by Reuters.Why it’s important: OneConnect had been planning its Hong Kong listing since the beginning of the year.It could raise up to $1 billion and achieve a valuation of $8 billion.Hong Kong has become an attractive destination for Chinese tech company IPOs, thanks in part to the stock exchange’s listing reforms last year.
The products are available in the market in varied forms with different sizes and absorbency level.Regional AnalysisThe Asia Pacific feminine hygiene products market is expected to register high growth rate owing rapidly changing lifestyle across all the emerging countries.The major growth drivers would be China, India and Japan due to rising disposable income and consumer awareness.India is considered to be a country with huge market potential in the coming future due burgeoning women population with high income.Get More Information About Feminine Hygiene Products Market: Other emerging markets such as Australia, Hong Kong, Singapore, South Korea, Thailand, and Philippines are expected to witness growth in demand of the feminine hygiene products.The program is becoming popular and this in turn is expected to increase the sales of sanitary towels during the forecast period.The feminine hygiene product is available in almost all the distribution channels such as department stores, dollar stores, variety stores and general merchandise retailers, supermarkets and hypermarkets, salons, health and beauty stores , convenience stores, pharmacies and drug stores.The growing trend in emerging economies of shopping at the hypermarkets and supermarkets would further augment the growth of the feminine hygiene products market.The Asia Pacific feminine hygiene products market US$ xx billion in 2018 and it is expected to increase to US$ xx billion by 2025 at a CAGR of xx % over the forecast period.The growth is mainly attributed to growing demand of sanitary protection products in the emerging markets such as China, India, Japan, Australia and South Korea.Request For Table of Contents: Global Feminine Hygiene Products Market: Segmentation By Product Type: Sanitary Napkins/PadsTamponsPanty linersMenstrual CupFeminine Hygiene WashBy product type, sanitary napkins/pads and tampons product type segment are expected to gain maximum share in the forecast period.
Short-term rental management company GuestReady Group, co-founded by previous Foodpanda execs, raised US$6 million in a series A round co-led by Russia’s Impulse VC and Dubai-based VentureSouq.Existing investors, such as Hong Kong’s Aria Group and Australia’s 808 Tech Ventures, also participated and increased their positions in GuestReady as part of the round, which brought the startup’s total funds raised to around US$10 million, according to a statement.GuestReady’s services turn residential properties into listings on short-term rental platforms such as Airbnb and Booking.The company said it looks to use the additional funds to further the development of its property management system, help with its growth initiatives across the APAC region, and pursue available M opportunities.It also plans to build out its operations team in Kuala Lumpur and bring its services to more markets in Southeast Asia.The startup currently operates in 14 cities across Hong Kong, Malaysia, the United Arab Emirates, the United Kingdom, France, and Portugal.
Synative has announced that developers can use its Synative Playable Studio to create playable game demos — a relatively new form of advertising — for a free trial.Hong Kong-based Synative allows developers to build their own “try now” demo for the Google Play Store.These demos are like ads for the games.They let the player get a taste for the gameplay of a mobile game, without having to download the entire title.The playable demos start instantly, removing friction in the process.But Synative is taking the extra step of letting developers try out the demos for free and then decide if they want to use it in other networks for a fee.
Recent EV fires have spurred the Chinese government into mandating that makers of battery-electric vehicles re-examine and validate their designs for safety, according to a report published Monday by Bloomberg.Specifically, China is requiring electric car manufacturers to check their designs for battery pack enclosures, the waterproofing of those enclosures, high-voltage wiring and charge controllers.The companies are being required to complete their self-evaluations by October of 2019.This move by China comes after a pair of Tesla fires occurred this year -- one in Shanghai and another in Hong Kong -- made global news, thanks to video clips shared via social media.The latest incident (and perhaps the last straw) was a fire involving a vehicle made by Chinese company NIO.China's mandate isn't limited to new production vehicles either.
GuestReady, a three-year-old service that lets shared-economy hosts manage their business on Airbnb and other rental sites, has announced a $6 million Series A round.The investment was led by existing backer Impulse VC — the Russian fund that is backed by billionaire Chelsea FC owner Roman Abramovich — and new addition VentureSouq from Dubai.Other past backers also took part, including Boost Heroes, Aria Group and 808 Tech Ventures.GuestReady raised $3 million in 2017 and this round takes it to nearly $10 million from investors to date.GuestReady’s property management platform helps owners manage the intricacies of operating a shared-economy house, such as cleaning, laundry, and check-in and out services.It claims to cover over 2,000 properties across six countries: the UK, France, Portugal, UAE, Malaysia, and Hong Kong.
And it looks as though it's available for access and upgrade in the following locations, if you're located there: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Colombia, Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Ireland, Israel, Italy, Korea, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Russia, Saudi Arabia, Singapore, Slovakia, South Africa, Spain, Sweden, Switzerland, Taiwan, Turkey, United Arab Emirates, and the United Kingdom in addition to the US.And in Canada, just a buck CAD!
That’s the expected transaction value of Asia’s digital remittances this year.The amount is also forecast to grow at an annual rate of 19%, which is faster than the global average.The industry’s scale is why Chinese tech behemoth Tencent is keen to get in the game.In 2018, the firm launched a remittance service in Hong Kong called We Remit, allowing overseas workers from the Philippines and Indonesia to send money home via their mobile phones.Support quality journalism and content.This content is a premium content.
Alibaba is being heavily linked with a public listing in Hong Kong, which could reportedly happen in Q3 and raise up to $20 billion.The firm is keeping quiet on those rumors, but it did let slip a major hint after it announced plans for a stock split.Filings uploaded today (but originally released Friday) announced a proposal for a one-to-eight stock split.The initiative has already been approved by Alibaba’s board, which is recommending that shareholders follow suit.The particularly interesting part of the filing is where Alibaba explains the reasons behind the stock split.“The Board of Directors is proposing the Share Subdivision to increase the flexibility for the Company in future capital market activities.
Hong Kong is the top destination for Chinese companies seeking to list their shares outside China so far this year, but it could face a challenge for initial public offerings from Shanghai’s new technology innovation board, according to a new report by the law firm Baker McKenzie.Thirty-four Chinese companies have raised or are expected to raise more than US$6.8 billion in IPOs in Hong Kong in the first six months of 2019, including new listings by the drug maker Hansoh Pharmaceutical Group and vocational training company China East Education Holdings this month.“Hong Kong may begin to experience disruption as China’s [Sci-Tech] Innovation Board launches and encourages Chinese companies to list domestically in Shanghai,” the law firm said.“Indeed, there has already been some fallout from this as several companies have canceled their [Hong Kong] applications to instead resubmit to list domestically through the innovation board.”The Shanghai Stock Exchange’s new “STAR Market” board, which is being described as China’s Nasdaq-style market, formally opened on Thursday, and trading is expected to begin within two months.Six firms have already been approved to list their shares on the board, including Shenzhen ChipScreen Biosciences and Anji Microelectronics (Shanghai).
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The Chinese government is allegedly conducting cyber attacks against the messaging app Telegram in an effort to frustrate this week’s protests in Hong Kong, according to the CEO of Telegram.Telegram’s Pavel Durov claims that the botnets orchestrating the DDoS attacks that his company has been experiencing this week have, “IP addresses coming mostly from China.”“Historically, all state actor-sized DDoS (200-400 Gb/s of junk) we experienced coincided in time with protests in Hong Kong (coordinated on @telegram).This case was not an exception,” Durov tweeted on Wednesday.An estimated 1 million of Hong Kong’s 7.4 million residents took to the streets on 9 June to protest a new extradition law that would make it easier for China to arrest people in Hong Kong.But those protests have dwindled to the tens of thousands in recent days.
Huawei is reportedly delaying the release of its $2,600 Mate X.The Chinese tech giant is pushing the foldable phone's launch date from this summer to September, The Wall Street Journal reported on Friday.Huawei is delaying sales of the Mate X, in part, to improve the quality of the phone's foldable screen, Vincent Peng, a senior vice president at the company, told the Journal during a tech conference in Hong Kong."We're doing a lot of tests," Peng told the Journal, adding that Huawei aims to release the phone as early as it can.Huawei didn't immediately respond to a request for comment.