Seoul bids for Hong Kong’s crown as Asia’s financial hub

The South Korean capital faces obstacles to attracting overseas firms including unfavorable tax rates and regulations. Seoul, South Korea – When Alex Short was offered rent-free office space to locate his fintech startup in Seoul’s financial district, he jumped at the opportunity.

Read more: https://bit.ly/3xuhSsh

Hong Kong event management startup lands in Singapore

EventX, a Hong Kong-based event management startup, has officially launched operations in Singapore to serve the Southeast Asian market. The company aims to expand its business in the region, after recording a 60% month-on-month rise in user growth across all of its markets this year.

Read more: https://bit.ly/30T6aLL

China EV Startup Leapmotor to Mull $1 Billion Hong Kong IPO

Chinese electric-vehicle maker Leapmotor is considering an initial public offering in Hong Kong that could raise at least $1 billion, according to people familiar with the matter. The startup, whose backers include video surveillance company Zhejiang Dahua Technology Co.

Read more: https://bloom.bg/3o5zYfO

Hong Kong crypto firm wins $27m fundraise

Thanks in part to the explosive entry of play-to-earn games such as Axie Infinity and celebrity hype from the likes of Elon Musk, cryptocurrency adoption has been skyrocketing recently, especially in Asia.

Read more: https://bit.ly/3vFRM4A

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