Alipay and WeChat Pay, China's big two mobile payment giants, both entered the Hong Kong market last year, triggering a mobile payment war among major operators. To fend off the competition, local e-p ...More
EJ Insight2018-02-21
The Hong Kong Monetary Authority (HKMA) has done a review of the Guideline on Authorization of Virtual Banks that was first issued in 2000. In order to keep up with fintech development, Hong Kong's de ...More
EJ Insight2018-02-14
5G has entered the rapid-development phase. South Korean telecom giant KT will for the first time unveil a trial service of fifth-generation network technology during the Pyeongchang Winter Olympics t ...More
EJ Insight2018-02-07
Hailed for giving some of the best insights into the operations of Apple Inc., KGI Securities analyst Ming-Chi Kuo said the technology giant may stop producing the current version of its iPhone X this ...More
EJ Insight2018-01-30
Hong Kong's former leader Leung Chun-ying said in his policy address in 2014 that the government would install 100 medium-speed public chargers in each district for promoting the use of electric vehic ...More
EJ Insight2018-01-24
Hong Kong’s traditional TV industry is feeling growing pressure from internet-based over-the-top (OTT) services. Television Broadcasts (TVB), the city’s largest broadcaster, has launched TVB Anywhere ...More
EJ Insight2018-01-16
QR code payment systems have become increasingly popular in China. People use them in everyday life to pay for small purchases or even red packets in banquets or donations at temples. But the People’s ...More
EJ Insight2018-01-11
... Lan Kwai Fong", and Sun Hung Kai’s Kwok family also invested in the firm in pre-listing B round. There is speculation that C-Mer has attracted over 500 times over-subscription in margin booking. This ...More
EJ Insight2018-01-05
Instant messaging service WhatsApp said it has ended support for older operating systems including Windows Phone 8, BlackBerry OS and BlackBerry 10. It will also stop support for Nokia S40 by the end ...More
EJ Insight2018-01-04
I ran into an old friend at a fintech product launch the other day. He is Mok Chui-tin, LeTV's former chief executive for the Asia-Pacific region. He moved to the United States to develop internet ele ...More
EJ Insight2017-12-28
Octopus Cards Ltd., operator of Hong Kong’s leading smartcard payment system, joined hands with Samsung Electronics to launch an e-wallet service last week. A physical Octopus card can be used to pay ...More
EJ Insight2017-12-21
Alipay, the mobile payments unit of China’s Ant Financial Services Group, launched a major shopping event on Dec. 12, called the “Double 12” International Festival. More than 10,000 shops in Hong Kong ...More
EJ Insight2017-12-14
The Chinese government has banned all fundraising activities through initial coin offerings as well as ordered a shutdown of bitcoin exchanges, leading to a sharp drop in bitcoin prices at one point. ...More
EJ Insight2017-12-12
Hong Kong cashless payment operator Octopus launched QR code services last week targeting small merchants. Merchants only need to download the Octopus app and upload the required documents to set up a ...More
EJ Insight2017-12-07
The Hong Kong government will step up efforts to promote innovation and technology. This was the message from Chief Executive Carrie Lam Yuet-ngor at the grand final of Alibaba’s startup competition J ...More
EJ Insight2017-11-28
... . Francis Fong, Hong Kong Information Technology Federation honorary chairman recently sat down with the Hong Kong Economic Journal to discuss the contactless payment competition and Hong Kong’s prosp ...More
EJ Insight2017-11-24
Which payment tool is safer, physical credit card, mobile NFC (near-field communication) or QR code? That was a widely-discussed topic in Hong Kong recently. Owning a platinum or black credit card use ...More
EJ Insight2017-11-24
... Lan Kwai Fong?’ I said: ‘Yes, sometimes to have dinner’. Then he said: ‘Do you have one night stands? ’. It was culturally kind of weird to be asked such questions,” she said. “I think it illustrates ...More
EJ Insight2017-11-23
