Hong Kong

Flipclutch Research: The AR/VR market is increasing year by year, WIMI and other companies accelerate their development to meet the AR outbreak period

Tuesday, January 19, 2021 - 2:00pm

As AR/VR technology continues to mature, more and more companies enter the AR field, bringing more software and hardware products to AR.

Key Points: 
  • As AR/VR technology continues to mature, more and more companies enter the AR field, bringing more software and hardware products to AR.
  • Facing the future development prospects of the AR market, many technology companies have indicated that they will increase their investment in the AR field.
  • WIMI officially announced the establishment of the "Holographic Academy of Science" this year to accelerate its development in the holographic AR field.
  • At present, facing the continuous growth of the AR market, many technology companies are very optimistic about the development prospects of the AR industry.

EQS-News: CCBI Issued Updated Report on iClick (NASDAQ: ICLK) Maintained Outperform and Raised Target Price from US$10.10 to US$18

Tuesday, January 19, 2021 - 2:08pm

CCBI Issued Updated Report on iClick (NASDAQ: ICLK)

Key Points: 
  • CCBI Issued Updated Report on iClick (NASDAQ: ICLK)
    CCBI issued an updated report on iClick Interactive Asia Group Limited (NASDAQ: ICLK) on 18 January 2021, reiterating its Outperform rating with a target price of US$18, which represents an upside of 53% from the closing price of US$11.79 as at 15 January 2021.
  • This would boost business scale and achieve better profitability, and CCBI expects Marketing Solutions revenue will grow 18% and 17% in 2020F and 2021F, respectively.
  • Whereas its SaaS-based enterprise solution, CCBI believes iClick has a bright outlook for the business.
  • With its diversifying marketing solutions, growing SaaS business and strong partner network, CCBI reiterates its Outperform rating, and raises the target price from US10.1 to US$18.

uCloudlink and CVITC Pioneer New Applications for Cloud SIM Technology in Smart Containers and Container Logistics

Tuesday, January 19, 2021 - 10:00am

The partnership will see both companies develop innovative smart container solutions for domestic and international freight markets powered by uCloudlink's core patented Cloud SIM technology which accelerates the development of the global container transportation industry.

Key Points: 
  • The partnership will see both companies develop innovative smart container solutions for domestic and international freight markets powered by uCloudlink's core patented Cloud SIM technology which accelerates the development of the global container transportation industry.
  • As a leading domestic container transportation and logistics company, CVITC harnesses technology to link various modes of transportation and build a centralized and unified interconnected transport capacity service platform.
  • uCloudlink's Cloud SIM technology enables container logistics companies to use mobile data services freely and flexibly to obtain real-time feedback on utilization status, regardless of location, operation, or restrictions of network service providers.
  • Smart container solutions are just one application scenario where Cloud SIM technology can be applied to the IoT.

IPification Selected Among Top 10 Global Startups at JUMPSTARTER 2021

Tuesday, January 19, 2021 - 9:53am

Benefit Vantage Limited, the company behind the one-click mobile authentication, user verification, and fraud prevention solution, IPification was just selected among the Top 10 global startups at JUMPSTARTER 2021.

Key Points: 
  • Benefit Vantage Limited, the company behind the one-click mobile authentication, user verification, and fraud prevention solution, IPification was just selected among the Top 10 global startups at JUMPSTARTER 2021.
  • It was the greatest honor to be selected among the top 200 global startups in the first preselection round.
  • But then, IPification was selected among the top 20, and now among the top 10 startups, said Stefan Kostic, IPification CEO.
  • Thank you JUMPSTARTER 2021, and thank you Team IPification for all the great work, added Harry Cheung, the president of IPification.

AFF: Cyberport Chairman and Vista Equity Partners’ Robert Smith explore InsurTech opportunities in the Greater Bay Area

Tuesday, January 19, 2021 - 8:42am

Cyberport Chairman Dr. George Lam and Robert F. Smith , Founder, Chairman and Chief Executive Officer of leading global investment firm Vista Equity Partner s, discussed Asia and Hong Kongs unique opportunities for InsurTech.

Key Points: 
  • Cyberport Chairman Dr. George Lam and Robert F. Smith , Founder, Chairman and Chief Executive Officer of leading global investment firm Vista Equity Partner s, discussed Asia and Hong Kongs unique opportunities for InsurTech.
  • Dr. Lam said, The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is the regions largest and best FinTech hub.
  • During the Fireside Chat session hosted by Dr. Lam, Mr. Smith shared his insights on Asias InsurTech investment in the post-pandemic world.
  • Hong Kong boasts world-class infrastructure, a diverse talent pool, sophisticated financial connectivity, and a gateway to the Greater China market.

CSOP FTSE China A50 Index Daily (2X) Leveraged Product (ticker: 7248.HK) and CSOP FTSE China A50 Index Daily (-1X) Inverse Product (ticker: 7348.HK) to List on the HKEX

Tuesday, January 19, 2021 - 3:45am

Hong Kongs largest leveraged and inverse products (L&I products) issuer1, CSOP Asset Management Limited (CSOP) is proud to announce the listing of the CSOP FTSE China A50 Index Daily (2X) Leveraged Product (ticker: 7248.HK) and the CSOP FTSE China A50 Index Daily (-1X) Inverse Product (ticker: 7348.HK) on the Hong Kong Stock Exchange on 20 January, 2021.

Key Points: 
  • Hong Kongs largest leveraged and inverse products (L&I products) issuer1, CSOP Asset Management Limited (CSOP) is proud to announce the listing of the CSOP FTSE China A50 Index Daily (2X) Leveraged Product (ticker: 7248.HK) and the CSOP FTSE China A50 Index Daily (-1X) Inverse Product (ticker: 7348.HK) on the Hong Kong Stock Exchange on 20 January, 2021.
  • View the full release here: https://www.businesswire.com/news/home/20210118005562/en/
    CSOP FTSE China A50 Index Daily (2X) Leveraged Product (ticker: 7248.HK) and CSOP FTSE China A50 Index Daily (-1X) Inverse Product (ticker: 7348.HK) to List on the HKEX
    Following the CSI300 leveraged & inverse products launched in last July, 7248.HK and 7348.HK provide more choices for investors who intended to gain short-term China A-shares exposures, especially to the big blue chips.
  • Ms. Ding Chen, CEO of CSOP commented, It has been almost 9 years since the listing of our first FTSE China A50 Index product - CSOP FTSE China A50 ETF (2822.HK) in 2012.
  • CSOP FTSE China A50 Index Daily (2x) Leveraged Product and CSOP FTSE China A50 Index Daily (-1x) Inverse Product (each, the Product or collectively, Products) are sub-funds of CSOP Leveraged and Inverse Series II, an umbrella unit trust established under Hong Kong law.

Pathway Promotes Simon Lau to Managing Director

Tuesday, January 19, 2021 - 1:00am

Pathway is pleased to announce that Simon Lau has been promoted to Managing Director.

Key Points: 
  • Pathway is pleased to announce that Simon Lau has been promoted to Managing Director.
  • Mr. Lau joined Pathway in 2006 and is a managing director and Head of the Hong Kong office.
  • Prior to joining Pathway, Mr. Lau worked in the business consulting division of Accenture in London.
  • Pathway is a private market portfolio solutions provider with over $70 billion of assets under management from private equity, private credit, and infrastructure mandates.

Marriott International Continues Asia Pacific Growth With Nearly 100 Properties Expected To Open In 2021

Monday, January 18, 2021 - 10:00pm

HONG KONG, Jan. 18, 2021 /PRNewswire/ --Marriott International, Inc. (Nasdaq: MAR) continues to expand its portfolio, expecting to open 100 properties in Asia Pacific in 2021, bringing more brands and experiences to new destinations for guests across the region.

Key Points: 
  • HONG KONG, Jan. 18, 2021 /PRNewswire/ --Marriott International, Inc. (Nasdaq: MAR) continues to expand its portfolio, expecting to open 100 properties in Asia Pacific in 2021, bringing more brands and experiences to new destinations for guests across the region.
  • We remain well-positioned to meet the travel demands of our guests across Asia Pacific and the rest of the world."
  • Beyond Greater China, Marriott International continues to strengthen its footprint, with several expected brand debuts across Asia Pacific in 2021.
  • "The strength of our pipeline is testament to the long-term growth prospects in Asia Pacific," said Paul Foskey, Chief Development Officer, Asia Pacific, Marriott International.

14th Asian Financial Forum opens today

Monday, January 18, 2021 - 10:00am

HONG KONG, Jan 18, 2021 - (ACN Newswire) - Co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), the 14th Asian Financial Forum (AFF) opened today on a virtual platform.

Key Points: 
  • HONG KONG, Jan 18, 2021 - (ACN Newswire) - Co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), the 14th Asian Financial Forum (AFF) opened today on a virtual platform.
  • In his welcoming remarks, Dr Peter Lam, Chairman of the HKTDC, said: "The Asian Financial Forum traditionally opens the new year by bringing together leaders from the financial industry and the corporate world to address the major issues of the day.
  • Given the huge challenges faced globally in 2020, our theme of 'Reshaping the World Economic Landscape' for this year's forum is especially meaningful.
  • We firmly believe Hong Kong will become more stable and prosperous in its role as a global financial hub.

Infosys Accredited with Google Cloud Partner Specialization for Data and Analytics

Monday, January 18, 2021 - 10:46am

Infosys achieved this recognition by successfully demonstrating end-to-end capabilities on Google Cloud including data ingestion, streaming, querying, exploration, analysis, storage, and warehousing on cloud.

Key Points: 
  • Infosys achieved this recognition by successfully demonstrating end-to-end capabilities on Google Cloud including data ingestion, streaming, querying, exploration, analysis, storage, and warehousing on cloud.
  • As a qualified Google Cloud partner, Infosys has showcased technical proficiency, robust methodology, strong industry expertise, and proven success in specialized data and analytics solutions and service areas.
  • Satish HC, Executive Vice President, Head Global Services - Data and Analytics at Infosyssaid,"Achieving the Google Cloud Partner Specialization is a key milestone in the journey of Infosys Data and Analytics capabilities.
  • Infosys being an accredited partner provides delivery assurance on complex Google Cloud implementations along with Google Cloud-native accelerators and offers time-to-market advantage for Enterprises."