Hong Kong

The Hong Kong start-up scene is booming. With the rise of co-work spaces like CoCoon, incubators and accelerators including Startups Unplugged and Accelerator Hong Kong, and networking groups like Startup Grind, the start-up ecosystem in Hong Kong is just beginning.

Even underemployment rate was unchanged.

First batch out on 21 May.

Here are their top worries.

Surprisingly, most see it as an opportunity.

But this is still costly for employers.

It jumped to 3.4% in March.

Financial risks still scare them.

Here are yoy price increases.

Trade balance will still be deficit.

It’s on the low end of revised estimates.

Expenditure was lower than expected.

Growth prospects still hinged on US, PRC.

Traditional bricks and mortar retailers are facing significant challenges due to the wave of digital disruption sweeping the industry. Shopping and spending in Hong Kong – in fact, all throughout the Asia Pacific – is shifting online as technology progresses and consumers become more digitally-savvy.

By 2015 the total amount of data in the world will increase to 7.9 zettabytes, according to IDC. As Hong Kong’s business community continues to grow, with a record high of 174,031 new companies registered in the SAR last year, local enterprises are a key driver of this data-driven wave.

This is despite mediocre growth in March.