Tag: Kong

Ant Group’s blockbuster dual listing tilts balance in US-China rivalry, helping Hong Kong, Shanghai close in on Nasdaq’s lead

This is the third in a series of four articles analysing the Hong Kong and mainland stock markets, delving into reforms, emergence of the Star Market as a solid fundraising venue, upcoming technology champions and the way forward. You can read Part one and Part two here.

Ant Group’s plan to list in Hong Kong and Shanghai looks set to turn those cities into the top listing venues for companies globally this year.

Ant, which operates the popular online payments app Alipay, said in July that it would list in both Hong Kong and Shanghai. If market conditions remain favourable,

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How a local start-up used location tracking and geofencing tech developed for retailers to help Hong Kong control the spread of coronavirus

A local start-up was crucial to Hong Kong’s coronavirus response, which has been hailed as “one of the best in the world”.

More than 65,000 people returning to the city had to wear electronic wristbands with location tracking and geofencing technology SagaDigits usually deploys in supermarkets to keep track of popular items and to guide shoppers to their favourite products.

The government paid more than HK$$1 million (US$128,993) for the technology, said co-founder Arthur Chan Chi-chuen, a 41-year-old father of two.

“The electronic wristband project is an important breakthrough for our company,” he said in an interview. “We have since

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