Fintech investment in China fell 17 per cent, in line with the global drop in the first half, as investors tread cautiously amid various uncertainties, according to KPMG report.
Founded on the premise that humans are inefficient, the chain has closed 1,300 stores in three years and needs to adjust its model to survive in a competitive market, experts say.
Digital Domain’s research and development centre in Hong Kong will focus on artificial intelligence-powered virtual humans and their application in service-oriented environments.
Demand for new homes in the Greater Bay Area rebounded last month after Beijing’s historic measures to rescue the property sector took effect. However, a meaningful recovery in prices will take time amid economic headwinds, says Cushman & Wakefield.
Geopolitical tensions have surpassed inflation as the primary concern for sovereign investors, prompting them to invest more in emerging markets and gold, according to the survey by Invesco.
Demand for US homes from Chinese buyers affected by a strong dollar and higher prices, which caused investments to slump by over 40 per cent year on year, according to US real estate association.
Young Hongkongers are struggling to make ends meet and many employees are living paycheck to paycheck which is posing a risk to their mental health, according to a survey by advisory firm WTW.
Cathay Pacific and DB Schenker will promote the use of sustainable aviation fuel and have signed an agreement that will help cut more than 2,600 tonnes of carbon dioxide emissions.