Home 

Hong Kong protests a minor blip for strategic investors in home-grown start-ups as they focus on long-term potential

The ongoing protests have not discouraged strategic investors in Hong Kong-based start-ups as their focus is on the long-term potential of such companies.AngelHub and WHub, co-founded by Karen Contet Farzam and Karena Belin, last week raised a combined US$3 million in their first round of funding from TNG Fintech Group and Kharis Capital. The valuation and equity structure were not disclosed.Since the anti-government protests started on June 9, the city’s economy has taken a beating,… Source link

Read More
Home 

How China is still paying the price for squandering its chance to build a home-grown semiconductor industry

China is self-sufficient in nuclear power generation, it has put a man in space and it is leading in many areas of artificial intelligence.But when it comes to semiconductor production, it remains woefully behind, spending more on imports of the chips that power the electronic gadgets, PCs and military equipment around us today than it does on oil.Semiconductor design and production is a notoriously complex business, involving decades of expertise and extreme precision – get it slightly wrong… Source link

Read More
Singapore 

Home-grown talent chasing the WWE dream, Singapore News

SINGAPORE – It’s the stuff of dreams. Growing up and watching colourful, larger-than-life wrestlers like The Rock, Stone Cold Steve Austin and Chris Jericho beat up their opponents on television was a ritual for many kids in Singapore. Now for three Singaporeans, this could soon be reality. Andruew Tang, Sean “Trexxus” Tan and Lee Xin Yi were recently invited by WWE for tryouts in Shanghai. The trio are mainstays from home-grown wrestling promotion Singapore Pro Wrestling (SPW). They were among the 40 athletes handpicked from Asian countries including China, Thailand,…

Read More
Singapore 

Daylight Studios’ new programme wants to nurture wholesome homegrown games , Digital, Singapore News

As one of the first indie game studios in Singapore, Daylight Studios sure has some stories to tell, especially during their stint working with Konami on free-to-play games. Today, Daylight is all about giving others a platform. The studio behind the Holy Potatoes game series is now helping out a new generation of developers through its new DaylightX accelerator programme. DaylightX currently works with graduates from National University of Singapore, Nanyang Technological University, Ngee Ann Polytechnic, and Lasalle College of the Arts. Takoway by Hexagoon is DaylightX’s first big release…

Read More
Home 

White Rabbit candy leading resurgence of China’s home-grown brands as trade war shifts focus

China’s iconic White Rabbit candy, which 47 years ago was a symbol of warming US-China ties, is drawing renewed interest as part of a wave of Chinese home-grown brand fever that is building among domestic consumers amid the prolonged trade war.The milk-flavoured candy, which was presented to US president Richard Nixon during his visit to China in 1972 by then premier Zhou Enlai, is among a handful of storied Chinese brands reinventing themselves with crossover and ancillary products to entice a… Source link

Read More
Global 

Shanghai to give tax incentives and funds to nurture home-grown chips industry as China enters next battlefront over technology

Shanghai’s government will offer tax incentives and funding to nurture China’s home-grown industry of producing semiconductor chips, as the country finds itself drawn into a new battlefront over technology with the United States.Integrated circuits (IC), artificial intelligence (AI) and biotechnology will be the three key industries that the municipal government of China’s premier commercial city will focus its resources on, said Shanghai’s Vice Mayor Wu Qing during a press conference in the… Source link

Read More
China 

China’s trade boom and building frenzy of ports help home-grown producers corner the world market of containers and cranes

Quay cranes along a berth at the Yangshan deep-water port in Shanghai on September 14, 2011. Shanghai Zhenhua Heavy Machineries, established in 1992, has grown along with the explosive development of China’s ports to control 70 per cent of the global market for cranes, loaders and lifting equipment used in ports. Photo: Xinhua Source link

Read More
Money 

Can cheaper drugs help home-grown labs turn the table on foreign Big Pharma in China’s cancer treatment market?

A scientist transfers fluids into a tube at the Driver Inc. laboratory in Shantou, China, on Wednesday, August 29, 2018. A pair of Harvard-trained American oncologists behind the startup Driver, backed by Hong Kong billionaire†Li Ka-shing, are attempting to harness technology to revamp cancer care. They’re taking some of their earliest steps in China — cancer’s ground zero. Photo: Bloomberg Source link

Read More
China 

China scraps valuation limit to kick-start Xi Jinping’s technology board for home-grown companies to raise capital

Shanghai’s stock exchange, tasked by Chinese president Xi Jinping last November to create a technology board for the country’s most valuable start-ups to raise capital, has fine tuned its listing rules and upped the ante with Hong Kong in the race for the title of Asia’s fundraising hub.Initial public offerings ((IPOs) on the tech board will be priced through “interactions with eligible offline investors,” the exchange said late on Friday. That essentially removes the implicit valuation limit –… Source link

Read More
Home 

Luxury goes local as Chinese shoppers gravitate towards home-grown brands

Affluent Chinese consumers have for years shown a preference for global, well-known brands and labels. But with growing sophistication in tastes and a penchant for unique styles, the well-heeled are now increasingly gravitating towards high-end Chinese designers. “While global forces will continue to impact China’s luxury market, domestically there’s this whole new wave [of Chinese designers] that is coming through and is transforming the market,” said Simon Tye, executive director of Hong Kong-based market research company Consumer Search Group (CSG). Alibaba and Guess team up to marry fashion and artificial…

Read More