Analysts believe a sharp pullback in SpaceX and valuation pressure on US tech giants will not significantly impact Hong Kong equities, citing distinct business models and less stretched valuations for local tech firms.
Hong Kong's tech chief Sun Dong warns AI's impact will surpass previous industrial revolutions, affecting graduates and traditional sectors. The administration plans to accelerate training and develop new jobs, including proprietary LLMs and a HK$50 million education program.
Hong Kong has made “significant” progress in its bid to transform itself into a technology hub, according to a Chinese venture capital investor, whose firm was recently selected by the city to invest in local start-ups under a HK$2 billion (US$250 million) government initiative. “You can see fundamental, significant changes are indeed taking place,” said Steve Sun, founding managing partner of Dalton Venture, in an interview on Thursday. “I believe that over the next decade, Hong Kong can...
