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5 in 5 minutes - July 15th

Hong Kong ranks first in the number of IPOs and fund raised in 2016

According to a release from PwC, Hong Kong continued to rank first globally in terms of its volume of IPOs and funds raised in the first half of 2016. There were a total of 40 new listings in Hong Kong, the total funds raised reached HK$43.5 billion.

Hong Kong overtakes US as world's most competitive economy

According to IMD World Competitiveness Center, Hong Kong has been crowned the world's most competitive economy, followed by Switzerland and the United States.

Click here to see how's Hong Kong performing in other aspects.

Pokemon Go is set to launch in Hong Kong

Pokemon Go, the game everyone is talking about this week, adds $7.5 billion to Nintendo market value in just 2 days. This reality smartphone fane nets millions of downloads in a week, with more than 11 million daily active users in the United States on Android. And here is an overview for you to get gamer ready.

Early Facebook backer raises $1B China fund

Veteran Silicon Valley in IDG Capital have raised $1 billion to invest in growth-stage companies both in China and those who are looking to enter the Chinese market. The fund is considered to be one of the largest venture capital funds and will be used to make investment in a wide range of industries

Paktor nets US$10M to disrupt online dating in Japan and Korea

The Singapore based startup successfully raised US $10 million from YJ Capital and other investors. The funding will be used to power the expansion into North Asia markets like Japan and Korea, it will also be used to support the sales and marketing efforts in existing markets.

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