Wealthy nannies love their billion-dollar unicorns on December 25, 2017Sequoia Capital is one of the biggest investors in the world and has helped fund 27 of the top Chinese unicorns. But the American venture capital firm does not have one in the top four of the 2017 Hurun Greater China Unicorn Index. This is pretty remarkable for a business that has holdings in companies […]
The silver lining in Hong Kongs pay story proves paper thin on April 30, 2017First the good news: the average Hong Kong worker has been treated to a pay rise of almost 4%. But the rest of the news is nearly all bad. For one thing, nine out of 10 people in Hong Kong have to work overtime. Not to make ends meet it seems, because three-quarters of those […]
Hong Kong land? No, China land! on August 15, 2016Call it a Hong Kong property developer dilemma. Imagine their facial expression upon reading the story that they were outbid by a mainland rival in the land auction – again. On Wednesday, state-owned Minmetals Land topped all 12 bidders and won a small residential site for HK$4 billion (US$512 million), or about 40% over the […]