5G only positive trend in an otherwise stagnant market According to GlobalData, a leading data and analytics company, the mobile services market in Hong Kong is expected to face stagnation, with limited overall revenue growth projected despite the anticipated surge in 5G service adoption. Here are some key insights from…
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Assessing the Impact: How ChatGPT Influences Industries and Labor Force Innovation and technology have become the driving forces behind high-quality economic development in Hong Kong. With the rise of artificial intelligence (AI) and its impact on various industries, the recent success of ChatGPT, an AI chatbot, has caught the attention…
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Key strategies and initiatives for advancing E-Government services in Hong Kong The Hong Kong government has been proactively implementing policy measures to facilitate the integration, application and sharing of data to drive smart city development through a data-driven approach. In response to questions from Dr. Johnny Ng, Acting Secretary for…
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Vpon Big Data Group teams up with Hong Kong brand Mezzanine Makers Vpon Big Data Group, the leading big data company in Asia, has successfully developed the AI visual generative system “InVnity”, utilizing AI and big data to generate and optimize advertising design and delivery. The system is 10 times more…
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Demand for high-speed broadband services continues to surge in the post-pandemic era Hong Kong Broadband Network Limited (“HKBN”) has launched the world’s first Money-Back Fibre Broadband Dual Guarantee, along with an upgraded 2000M fibre broadband service, pledging to offer smooth and speedy broadband experiences with industry-leading service quality and network performance. Demand for high-speed…
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E-commerce sales in Hong Kong have been growing at a robust pace Alternative payment solutions are the preferred payment method for e-commerce purchases in Hong Kong (China SAR), collectively accounting for a 43.3 per cent share in 2022, finds GlobalData’s 2022 Financial Services Consumer Survey. GlobalData’s E-Commerce Analytics reveal that…
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Members of the CITID are representatives and experts from many industries The Government promulgated the Hong Kong Innovation and Technology Development Blueprint (the Blueprint) on December 22, 2022, and announced that the CITID would be set up to enhance the co-operation among stakeholders and help drive the development of innovation…
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Increase in salary expectations amid tighter employment market Hong Kong is experiencing increased optimism in the business sector in 2023, resulting in higher expected headcount demand from employers that will drive career opportunities and higher salaries, according to KPMG China. In the tight employment market, KPMG China emphasises the need…
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Hong Kong is lowering property taxes and relaxing visa requirements Hong Kong is expected to roll out more schemes on talent attraction to stay competitive in Asia, industry experts said during a Fintech Week satellite event discussion hosted by Payment Asia. Hong Kong Fintech Week has successfully kicked off on October 31 at the…
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Financial institutions should utilise their unique positions GoImpact, an ESG and Sustainability education firm, together with The Chinese University of Hong Kong’s Business School (“CUHK Business School”) released the findings from their working paper, Exploring the Green Fintech Ecosystem in Asia: Insights from Five Economies in APEC. This study finds that government support plays a…
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