Hong Kong Startup Contest Attracts 550 Entries – Forbes
Shortly thereafter, 27,000 Libyans fled the fighting on foot in a single day, arriving as refugees in neighboring African countries. In just one week in July, according to a brief issued by the Soufan Group, a consultancy specializing in the Middle East, more than 60 people were killed in Benghazi, and the U.S., Britain, France, Germany, and Canada have evacuated their diplomatic personnel. Libyan oil production has declined to about 300,000 barrels a day, and a half-dozen prominent figures on the Libyan political scene, whose names had appeared in optimistic Western newspaper articles about the brave Libyans who opposed Qaddafi and fought for a more equal and democratic future, have been murdered. Their deaths have passed without any demonstrations or other significant forms of public notice inside Libya, a measure of how irrelevant the causes for which Libyans fought three years ago have become. Libyas economic future, once touted as the brightest in Africa, looks equally bleak.
Have more contests like this one! was Drapers immediate response. Draper went on to talk about how these startup contests attract media attention, allow entrepreneurs to meet, and provide exposure to investors. Several weeks ago Invest Hong Kong (InvestHK), a government organization tasked with promoting investment and entrepreneurship in Hong Kong, started accepting submissions for its 2014 StartmeupHK Venture Programme, and today InvestHK announced the program has attracted 550 entries from entrepreneurs in 47 countries. Mr Simon Galpin, InvestHKs Director-General of Investment Promotion, was clearly pleased with the results, stating I am happy to see the increasing popularity of our competition as evidenced by the almost 40 per cent increase in the number of entries submitted. He added I am also very pleased to see that the competition has reached more entrepreneur-led businesses in more overseas economies. Hong Kong offers an ideal foothold and a great opportunity for them to scale up and go global. Im glad to see that our message about Hong Kongs rapidly developing start-up ecosystem is spreading, which is one of the purposes of our StartmeupHK brand initiative and competition. As expected, most of those entries are from Hong Kong itself (178), but many were from other countries including the US (65), Israel (53), India (46) and the UK (30).
‘Fast Money’ Recap: Geopolitical Pressures Weigh on Stocks – Yahoo Finance
Adami and Finerman said Eaton is beginning to look attractive on a valuation basis, but could decline further before becoming a buy. Kelly said a lot of good news is already priced into shares of Intel and he is not a buyer at current levels. Nathan agreed with Kelly, adding the company has a great balance sheet and solid dividend yield but the stock has moved too much to the upside. Adami added that when margins peak at Intel, typically the stock price does, too. That may be the case today. Sucharita Mulpuru, vice president and principal analyst at Forrester Research, discussed the brutal selloff in shares of Groupon in the after-hours session. Read More: Jim Cramer’s ‘Mad Money’ Recap: It’s Russia’s Fault She said the company’s move into fashion items and its acquisition of Ideeli have been a drag on the overall business. She added that Groupon’s “goods” business is also very capital-intensive but has promise over the longer term.