Posts Tagged ‘Hong Kong’

Is Asia the New Silicon Valley?

May 8th, 2013

Asian markets are developing rapidly. According to the Brookings Institute, Asia will host 64% of the global middle class by 2030. In the meantime, the number of investors is climbing.

Jungle Ventures, an investment company from Singapore, has made 16 investments in the region, ranging from India to New Zealand. Amit Anand, founder, explained that he is interested in businesses that have the potential to grow quickly.

“Everybody thinks that Silicon Valley is where the big markets are,” he said. “But south-east Asia is starting to prove a very attractive market. If willing entrepreneurs commit themselves, there is a lot of opportunity to be unlocked.

“Our hypothesis is that Asia, and particularly south-east Asia, is going to see a lot of $100 million-plus companies being made on various opportunities in internet, mobile and biomedical and so forth.”

Some Asian markets are more developed than others. According to Antonny Liem, Chief Executive Officer at Merah Putih Incubator, explained that Indonesia has great potential, but limited internet services.

“In Indonesia the internet is still very young, and it is hard to look at the exit horizon for return-on-investment, and IPO is definitely not on the horizon,” he said. “So if you talk about Indonesia, it is all about market size, about untapped potential, and it is a question of timing.”

Zarsha Leo Takes Root in Hong Kong

February 18th, 2013

Zarsha Leo, a trendy restaurant-bar franchise based in NYC, has been expanding internationally over the past year. CEO Evan Burschkopf has revealed that the chain hopes to reach more than 10 new locations before next holiday season.

“One of our newest branches is in China,” Burschkopf said.

“Chinese food is extremely popular amongst Americans, and we’ve found that American food has a similar impact in the Chinese food industry. We make sure to offer all of the traditional American dishes, including hot dogs, onion rings, burgers and buffalo wings, and have found them to be incredibly popular in the region. Our classic menu, combined with an authentic American ambience, creates an exciting getaway in the center of Hong Kong.”

Indians are Asia’s Big Spenders Says Survey

August 1st, 2012

Indian business travelers have the second largest budget for spending per trip, with only Singaporean businessmen topping them, spending $339 versus $468, according to a recent survey.

The survey showed that the most important elements of a business trip to travelers from the Asia-Pacific region were the location, a free Wifi connection and competitive prices of hotel rooms.  Asian businessmen based their choice of hotels on the closeness of the hotel to the business venue, with 53% saying it was an important feature of their choice. The presence of Wifi influenced their decision of where to stay 49% of the time, while competitive rates were slightly less important, with 46% saying that fact influenced their decision.

Thailand is the up and coming star as a top business destination according to the survey, which was conducted by Accor Asia-Pacific Business Traveler. The most visited destination today is Hong Kong, with Singapore following closely in second place.

The survey was done during July 10-16 and asked 2,500 travelers from a total of nine countries in the Asian region, including Australia, China, Hong Kong, India, Japan, New Zealand, South Korea, Singapore and Taiwan. All the respondents made business trips during the first half of 2012.

Asia’s Art Market Expanding

October 10th, 2011

Finally it seems that Asia’s art market has recovered, along with the rest of the world’s art market that was suffering from the recessional issues.  It is Beijing and Hong Kong that is now really enjoying a comeback.  Although it is true that the art market did suffer somewhat, this was relatively minimal compared to other markets that really took their toll during the recession.  However, on this matter there would be disagreement from the European Fine Art Foundation which claimed that indeed the global financial crisis was very influential vis-à-vis the global art market.

According to Artability Art & Collection consultant, Zhan Xuhua, “the credit crunch really affected the art dealing industry.”  He pointed out that consumers even managed to get some famous paintings at discount prices in auctions in 2008-09.  This was paramount throughout the world, from Europe to America as well as Asia (specifically China).

Increased Demand for Art Today

Clearly, one only needs to look at prices of artwork to see how far the market has come.  Art is definitely a luxury once more (fewer sales; higher prices) and the fact that there are way more sales taking places also shows that there is no longer a concern that the global art market is going through a recession these days.

Art as Investment

People often purchase art as an investment.  They will choose to buy a piece of artwork to enjoy, but also as an alternative investment to stocks and bonds, etc.  As well, it is often a “safe bet” as it were as like gold, it gives back a steady return and can gain value over time.  Just last year, the Chinese art market did so well that it became an international runner in top art markets.  During 2010, revenues for fine art auctions totaled $3bn (US), higher than the figure for America for the same time frame.

The Art of Indexing & ETF Investment Asia Summit 2011

July 8th, 2010

On 7 June, 2011, more than 200 people attended the second annual The Art of Indexing & ETF Investment Asia Summit.  Hosted by Structured Products magazine, distributors, investors and issuers participated.   This conference is particularly useful for those in the industry such as Ricky Tam, Li Ka-Shing and Seth Fischer.  Hong Kong has definitely seen its share of participants at the conference since its inception, given that it has been tailored specifically to the Asian market.

Like the first in its series, the 2011 ETF Summit was replete with discussions from innovators in ETFs.  It was a great way of preparing participants with the tools and knowledge required to successfully compete in today’s market, along with the next wave of innovation in the Asian ETF market.