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Hong Kong's First Eastern Plans Big Bets on Fintech
FinTech
The First Eastern Investment Group, a Hong Kong-based private equity and venture capital heavy, is reportedly mulling a big push into Hong Kong and Chinese fintech, according to the SCMP. The group’s CEO, Victor Chu, said that he expects his firm to invest in at least 10 Hong Kong and mainland fintech companies within the year. Why? Traditionally, the firm
US Venture Capital at Cruising Speed [Datagraphic]
Want to see the latest trends in US venture capital activity? Check out the highlights in our datagraphic, featuring data from the 2Q 2017 PitchBook-NVCA Venture Monitor. Venture Capital Investing Process Improvement Through “Machine Learning Acacia Capital On Value Investing In The Amazon Era San Francisco Area Attracts 35- 40 percent of all U.S. venture capital Investment Article by PitchBook This article
More to Inflation Data Than Meets the Eye
It’s easy to fixate on headline inflation numbers that appear disappointing, but Rick explains why there’s more to the data than meets the eye. Last week’s U.S. Consumer Price Index (CPI) data release came in below economists’ consensus expectations, and represented the fourth weak print in a row. Specifically, the headline CPI print came in roughly flat month-over-month, and at
11 Wall Street Analysts Weigh in on Netflix's Blowout Quarter
Netflix, Inc. (NASDAQ: NFLX) shares surged 13.3 percent on Tuesday after the company reported blowout subscriber growth in Q2. A number of Wall Street analysts commented on the stock following the report. The stock closed Tuesday at a new all-time high of $183.60, up 13.5 percent on the day. Here’s a summary of what the analysts had to say. The duel threat of subscriber growth and
Apple Appoints China Director to Combat Sales Drop
Isabel Ge Mahe, a long-time manager at Apple, was appointed to the newly created position of managing director of greater China for Apple this week, reports The New York Times. This comes at a time when Apple’s sales in China have dropped amidst competition from local, much cheaper smartphones. Revenue dropped 14 percent for the period ending April 1, and
Goldman Eases Up on Engineer Dress Code in Bid to Attract Top Techs
FinTech
Goldman Sachs sent out a memo to its technology division to "exercise judgment in determining when to adapt to business attire," reports CNBC. This dress code relaxation marks a deliberate attempt to appeal to top engineers and tech employees and compete with Silicon Valley and hedge funds for the best of the talent pool. The U.S. bank’s typically long hours
Video: NexChange Talks Mobile Advertising With YeahMobi's Peter Zou
Video
NexChange’s Andrew Work talks to Peter Zou, Founder of YeahMobi, at Rise Hong Kong 2017. Yeahmobi is an intelligent mobile advertising platform designed to help mobile technology companies reach global growth, acquire active users and monetize inventory. It is the flagship brand of eClick Worldwide Network Technology Co., Ltd. headquartered in China, with offices in Japan, US and Germany. Yeahmobi
South Korea Legalizes It
FinTech
Great news South Korean cryptocurrency fans, according to Crowdfund Insider, your government just made it legal to transfer cryptocurrencies internationally: According to several online sources, a new law in South Korea is set to make it legal for companies to process international transfers using cryptocurrencies like Bitcoin and Ether. The new laws, which are set to go into effect July
The Top 7 VC Investors in Series B Rounds in the US
A record amount of capital was invested in Series B rounds in the US during 2015, a trend that was likely driven by a surge in valuations. But that figure dropped slightly in 2016 and is on track to hold steady this year. mastersenaiper / PixabaySince the beginning of 2015, 1,408 VC investors have participated in at least one of
Looking for Emerging-Market Opportunities? Go Local.
For investors in search of a way to boost income and diversify their bond portfolios, now may be the time to consider what local-currency emerging-market (EM) bonds offer. Investors have been gravitating to emerging-market bonds over the last year or so—and with good reason. The growth outlook in developing countries is improving, and many governments are embracing economic reform, reducing