Finance & Accounting

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[Press Release] Is the Financial Services industry trusted in Hong Kong?

Is the Financial Services industry trusted in Hong Kong? The Financial Services sector presently has a strategic opportunity to deliver a more sustainable and equitable revival in Hong Kong based on growing trust with the general public, says Gary Hwa, EY Asia-Pacific Financial Services Regional Managing Partner and EY Global Financial Services Markets Executive Chair. […]

[Press Release] Is the Financial Services industry trusted in Hong Kong? Read More »

Is the Financial Services industry trusted in Hong Kong? The Financial Services sector presently has a strategic opportunity to deliver a more sustainable and equitable revival in Hong Kong based on growing trust with the general public, says Gary Hwa, EY Asia-Pacific Financial Services Regional Managing Partner and EY Global Financial Services Markets Executive Chair.

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Decoding The SPAC Boom

In 2020, SPAC listings have raised more than the combined SPAC IPO proceeds raised in the last four years. As more and more Chinese startups line up for listings in the U.S., another notable trend emerging in U.S. stock markets is the recent spike in Special Purpose Acquisition Companies (SPACs) or ‘blank check companies.’ The

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In 2020, SPAC listings have raised more than the combined SPAC IPO proceeds raised in the last four years. As more and more Chinese startups line up for listings in the U.S., another notable trend emerging in U.S. stock markets is the recent spike in Special Purpose Acquisition Companies (SPACs) or ‘blank check companies.’ The

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6 Chinese Startups Filed For U.S. IPOs Last Week Despite Increasing Trade Tensions

Over 20 Chinese companies have already raised $5.23 billion in U.S. IPOs this year Despite China and the U.S. being embroiled in a trade war for more than 2 years, and the tightening of IPO filing restrictions and guidelines, a slew of Chinese companies are racing to go public in the U.S., with 6 Chinese

6 Chinese Startups Filed For U.S. IPOs Last Week Despite Increasing Trade Tensions Read More »

Over 20 Chinese companies have already raised $5.23 billion in U.S. IPOs this year Despite China and the U.S. being embroiled in a trade war for more than 2 years, and the tightening of IPO filing restrictions and guidelines, a slew of Chinese companies are racing to go public in the U.S., with 6 Chinese

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[Press Release] Xero’s COVID-19 reports provide unique insights about impact to global small business

Xero’s COVID-19 reports provide unique insights about impact to global small business At peak impact, global small business revenues fell by 10 – 40% 43% of small business owners worried about their mental health  Small businesses remain resilient despite impact   Hong Kong — September 15, 2020  — Xero, the global small business platform, today released

[Press Release] Xero’s COVID-19 reports provide unique insights about impact to global small business Read More »

Xero’s COVID-19 reports provide unique insights about impact to global small business At peak impact, global small business revenues fell by 10 – 40% 43% of small business owners worried about their mental health  Small businesses remain resilient despite impact   Hong Kong — September 15, 2020  — Xero, the global small business platform, today released

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[Press Release] Xero revamps Starter plan to support sole operators in a rapidly changing small business economy

Xero revamps Starter plan to support sole operators in a rapidly changing small business economy Xero unveils new insights, payment and cash flow updates at its virtual event Xero On Air  Hong Kong — September 15, 2020 — Xero, the global small business platform, today announced that it is increasing the limits on its Starter

[Press Release] Xero revamps Starter plan to support sole operators in a rapidly changing small business economy Read More »

Xero revamps Starter plan to support sole operators in a rapidly changing small business economy Xero unveils new insights, payment and cash flow updates at its virtual event Xero On Air  Hong Kong — September 15, 2020 — Xero, the global small business platform, today announced that it is increasing the limits on its Starter

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[Press Release] Consumer survey shows 66.7% feel their bank should be doing more to improve online services during the pandemic

HONG KONG, 16 September 2020 — Recent research by data enrichment fintech gini shows 66.7% of respondents feel their bank should be doing more to improve online services during the pandemic, with one of the major pain points being the lack of clarity in the way information is displayed on transaction histories.   The survey showed

[Press Release] Consumer survey shows 66.7% feel their bank should be doing more to improve online services during the pandemic Read More »

HONG KONG, 16 September 2020 — Recent research by data enrichment fintech gini shows 66.7% of respondents feel their bank should be doing more to improve online services during the pandemic, with one of the major pain points being the lack of clarity in the way information is displayed on transaction histories.   The survey showed

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Your Customer Acquisition Journey Explained in Three Steps

How to take prospective customers from ‘maybe’ to ‘yes’ in the customer acquisition journey The idea of customer acquisition is a powerful thing. Which business would not want to bring in more customers? However, founders with expansive customer acquisition plans may find themselves looking at a house of cards in many cases, because it costs

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How to take prospective customers from ‘maybe’ to ‘yes’ in the customer acquisition journey The idea of customer acquisition is a powerful thing. Which business would not want to bring in more customers? However, founders with expansive customer acquisition plans may find themselves looking at a house of cards in many cases, because it costs

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Making the Right Investments as an Early-Stage Startup

In for a penny, in for a pound only holds true until the pennies run out. By all accounts, startups are usually designed to be visionary companies that dream big. But those dreams only last as long as their cash runways do. The second biggest reason for startups to go out of business is because

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In for a penny, in for a pound only holds true until the pennies run out. By all accounts, startups are usually designed to be visionary companies that dream big. But those dreams only last as long as their cash runways do. The second biggest reason for startups to go out of business is because

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covid19 singapore sme relief

Covid-19 Aid and Relief for Singapore SMEs

By Ben Teo   As Covid-19 continues wreaking unmitigated damage in 180 countries and 6 continents across the globe, Singapore is set to bear the brunt of the economic fallout, being a trade dependent economy with one of the world’s highest trade to GDP ratios (326% in 2018).   Singapore’s GDP contracted 2.2% in the

Covid-19 Aid and Relief for Singapore SMEs Read More »

By Ben Teo   As Covid-19 continues wreaking unmitigated damage in 180 countries and 6 continents across the globe, Singapore is set to bear the brunt of the economic fallout, being a trade dependent economy with one of the world’s highest trade to GDP ratios (326% in 2018).   Singapore’s GDP contracted 2.2% in the

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cloud accounting solutions

Why Firms Should Adopt Cloud Accounting Solutions

By Nick Au   Cloud accounting solutions are part of the vast, growing cloud services marketplace. Although the technology may still be unfamiliar to many people, businesses of all sizes are beginning to appreciate the advantages that it offers over traditional accounting solutions.   However, while many businesses are looking to adopt these new technologies,

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By Nick Au   Cloud accounting solutions are part of the vast, growing cloud services marketplace. Although the technology may still be unfamiliar to many people, businesses of all sizes are beginning to appreciate the advantages that it offers over traditional accounting solutions.   However, while many businesses are looking to adopt these new technologies,

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startup down round

Doubling Down: Everything You Need To Know About Startup Down Rounds

Find out what a startup down round means, how it works, and whether founders should be concerned about going through one Raising a round of funding can be an exhilarating time for startups. Startup valuations have been rising, seed rounds today can run into millions of dollars, and the funding slowdown has not stopped some

Doubling Down: Everything You Need To Know About Startup Down Rounds Read More »

Find out what a startup down round means, how it works, and whether founders should be concerned about going through one Raising a round of funding can be an exhilarating time for startups. Startup valuations have been rising, seed rounds today can run into millions of dollars, and the funding slowdown has not stopped some

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Finance

Covid-19 Volatility: A Baptism of Fire for Decentralized Finance

By Amanda Liu   The market volatility that followed the onset of Covid-19 in March provided an unscheduled test for Decentralized Finance (DeFi). This open finance movement aspires to make all financial products and services available to anyone who has an Internet connection and smartphone.   Given that the blockchain’s roots lie in the chaos

Covid-19 Volatility: A Baptism of Fire for Decentralized Finance Read More »

By Amanda Liu   The market volatility that followed the onset of Covid-19 in March provided an unscheduled test for Decentralized Finance (DeFi). This open finance movement aspires to make all financial products and services available to anyone who has an Internet connection and smartphone.   Given that the blockchain’s roots lie in the chaos

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Qupital partners with LianLian Global to provide enhanced financing services

Qupital partners with LianLian Global to provide enhanced financing services to cross-border e-commerce sellers

Qupital has entered into a strategic partnership with LianLian Global, China’s leading digital services and payments provider for cross-border e-commerce sellers. QiaoYiDai (桥易贷), the latest fintech product jointly developed by Qupital and LianLian Global, will provide pioneering, data-based offshore USD financing services to LianLian Global’s extensive network of e-commerce customers. Solving operational pain points for cross-border e-commerce sellers

Qupital partners with LianLian Global to provide enhanced financing services to cross-border e-commerce sellers Read More »

Qupital has entered into a strategic partnership with LianLian Global, China’s leading digital services and payments provider for cross-border e-commerce sellers. QiaoYiDai (桥易贷), the latest fintech product jointly developed by Qupital and LianLian Global, will provide pioneering, data-based offshore USD financing services to LianLian Global’s extensive network of e-commerce customers. Solving operational pain points for cross-border e-commerce sellers

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47% Of Indian SMEs, Startups Will Run Out Of Cash Within 1 Month Including Many Out Of Funds Already: Survey

47% Of Indian SMEs, Startups Will Run Out Of Cash Within 1 Month Including Many Out Of Funds Already: Survey

61% of responding startups are looking to scale down within the next six months, while 13% are looking at a complete shutdown With India under an ongoing lockdown to contain the spread of COVID-19, Indian small- and medium-sized enterprises (SMEs), including startups, are struggling to stay afloat. With restrictions on movement and the sale of

47% Of Indian SMEs, Startups Will Run Out Of Cash Within 1 Month Including Many Out Of Funds Already: Survey Read More »

61% of responding startups are looking to scale down within the next six months, while 13% are looking at a complete shutdown With India under an ongoing lockdown to contain the spread of COVID-19, Indian small- and medium-sized enterprises (SMEs), including startups, are struggling to stay afloat. With restrictions on movement and the sale of

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Accounting

The Importance of Startup Accounting for Founders

Understanding why startups need accounting, what are some of the common mistakes, and how to avoid them As a new entrepreneur, you are probably working endlessly on developing your product, preparing investment pitches, finding a technical co-founder, and chasing suppliers or customers. Accounting may not be a task of foremost importance on your mind. You

The Importance of Startup Accounting for Founders Read More »

Understanding why startups need accounting, what are some of the common mistakes, and how to avoid them As a new entrepreneur, you are probably working endlessly on developing your product, preparing investment pitches, finding a technical co-founder, and chasing suppliers or customers. Accounting may not be a task of foremost importance on your mind. You

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The First-Time Entrepreneurs’ Guide to Managing Cash Flow

By Patrick Hogan Small-business owners are said to be the lifeblood of economies around the globe. However, one out of five businesses fail in their first year (US. Bureau of Labor Statistics). A large reason behind this rate of failure is a lack of experience managing cash flows.   About 82% of businesses experience cash flow

The First-Time Entrepreneurs’ Guide to Managing Cash Flow Read More »

By Patrick Hogan Small-business owners are said to be the lifeblood of economies around the globe. However, one out of five businesses fail in their first year (US. Bureau of Labor Statistics). A large reason behind this rate of failure is a lack of experience managing cash flows.   About 82% of businesses experience cash flow