SHANGHAI/HONG KONG : Smaller consultancy and due-diligence firms in China reckon they stand to gain once business returns to normal after the shock administered by Beijing's crackdown on firms supplying information deemed too sensitive to be shared with foreigners.The crackdown, which ensnared Shanghai-ba
SHANGHAI/HONG KONG : Smaller consultancy and due-diligence firms in China reckon they stand to gain once business returns to normal after the shock administered by Beijing's crackdown on firms supplying information deemed too sensitive to be shared with foreigners.
Estimating the market for expert insights for China at $1 billion last year, U.S. consultancy Frost & Sullivan reckoned it would nearly double to $1.9 billion in 2025. Smaller firms saw opportunity to fill the space left by any rivals, like Capvision, that fall foul of China's authorities. But over the long-term, the sector - which has been more informal in China compared with the West - will become better regulated, and demand will likely rebound for insights that help investors and companies make better decisions, he said."It's unfortunate that the expert network business gets into the public limelight in such a way," China Insights Consultancy , the country's second largest expert network company, said in a statement to Reuters.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong leader says China's sentencing of US citizen exposes national security threatsHONG KONG: Hong Kong’s leader on Tuesday (May 16) said the sentencing on spying charges of a US citizen in China, who was also a permanent resident of the semi-autonomous city, illustrated that the terr
Read more »
Futu, UP Fintech shares fall on plan to remove apps in ChinaSHANGHAI/Hong Kong :New York-listed shares in Futu Holdings Ltd and UP Fintech Holding Ltd plunged in pre-market trading on Tuesday, after the online brokerages said they will remove their apps in mainland China following guidance from regulators.The announcement comes amid Beijing's sharpened focus on data s
Read more »
Hong Kong Disneyland revenue jumps 31% as domestic visitors hit recordHong Kong Disneyland Resort (HKDL) said on Monday its 2022 revenue jumped 31 per cent as the number of domestic visitors to its attractions hit a record, helping the company shrug off the effects of pandemic-related restrictions. Revenue for the 52-week year ended on Oct. 1, 2022 grew to HK$2.2 billion ($
Read more »
Hong Kong ‘firefighter’ cartoonist bids farewell to newspaper strip after 40 yearsMr Wong Kei-kwan’s satirical drawings have lately been tackling China’s tightening grip on freedoms in Hong Kong. Read more at straitstimes.com.
Read more »
Hong Kong leader John Lee says public libraries must ensure books don't violate lawsHONG KONG - Hong Kong's leader said on Tuesday (May 16) public libraries needed to ensure books don't violate local laws, amid criticism that many books and videos related to China's Tiananmen Square crackdown have now been removed from library shelves. 'These books are accessible by people in private book shops. If they want to buy, they can buy,' Hong...
Read more »
Hong Kong 'firefighter' cartoonist bids farewell to newspaper strip after 40 yearsHONG KONG - One of Hong Kong's most prominent political cartoonists, whose newspaper cartoon strip was axed on Sunday (May 14) after four decades, defended freedom of expression in the face of political pressures while urging others to keep speaking out. 'Apart from news reports, cartoons are used to record some of society's moods, or some very layman ideas, those...
Read more »