Hong Kong sees surge in startups; entrepreneurs say climate remains competitive

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RECORD HIGH STARTUPS

Uncle2 is among a surge of new firms shaping Hong Kong’s entrepreneurs environment. &nbsp,

Last year, the town saw 4, 694 new companies, up 40 per cent from about 3, 400 in 2020.

These companies employed 17, 651 employees, a 65 per cent leap from four years ago, according to a record by InvestHK, a government agency that helps organizations set up in Hong Kong. &nbsp,

Officials have touted the state’s corporate site as a gateway to Asia, particularly mainland China, for the record number of startups. &nbsp,

Another important attractions for investors included a small income level, accessibility to funding and an accessible pool of bilingual talent, the report said.

The best sectors with new ventures were generally modern – monetary technology, information technologies and e-commerce. There has also been progress in the health and medical area, as well as the conservation sector. &nbsp,

Hong Kong citizens made up 72 per share of the business owners. Among foreign members, 40 per cent were from mainland China, followed by the United Kingdom, United States, France and Australia. &nbsp,

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CNA Explains: How a video game with a mythological monkey god has taken China and the world by storm

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How have testimonials been?

On assessment aggregator Metacritic, the sport has garnered a report of 81 out of 100, indicating “generally advantageous” testimonials from both critics and people.

Some have praised its physical talent and output quality, Sixth Tone publication reported.

On Steam, user reviews – numbering more than 260, 000 – have been “overwhelmingly good”. &nbsp,

Video game page IGN gave Black Myth: Wukong an 8 out of 10, commending its “fantastic battle, interesting bosses, tantalising secrets and a wonderful earth” despite some “frustrating professional issues”. &nbsp,

Niko Partners attributed the show’s success to its “high-end images, change game” and social network resonating firmly with Taiwanese gamers. &nbsp,

One scientist told the South China Morning Post that China’s emergence from AAA game was another factor in its popularity.

Games with higher development and marketing costs are referred to as the categorization.

” As the world’s largest gaming market and ( home to ) the richest gaming company ( Tencent ), there were no products that were truly recognised as AAA games globally. This has become a source of pain for Taiwanese game designers and people, according to Zhang Shule of CBJ Think Tank.

” This is also the reason why Black Myth: Wukong was so very anticipated”.

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China’s spending slump weighs as e-commerce giant Alibaba misses estimates

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As the company’s home e-commerce sales were under pressure from optimistic spending by Taiwanese consumers in a sluggish market, Alphababa Group Holding missed business expectations for first-quarter income on Thursday. A slowing Chinese economic recovery, coupled with a consistently weak home market, higher levels of job insecurity, and consumer confidenceContinue Reading

China’s Q2 GDP misses forecasts, keeps stimulus calls alive

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China has increased infrastructure investment and invested money in high-tech production to counteract sweet domestic desire and a house crisis. In light of the house slump and mounting regional government debt, China’s economic progress has been uneven this season, with industrial output outpacing private consumption and stifling negative risks. RisingContinue Reading