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5 in 5 minutes - March 28th

1. Hong Kong officials ask for revised fare formula in 2017, cheaper MTR tickets in the future?

Commuters can expect more affordable MTR rides when a revised formula for determining the level of fare increases is adopted in 2017, The government has asked the MTR Corporation to review its fare adjustment mechanism next year, which is one year earlier than the original plan.

Richard Tsoi of the Coalition to Monitor Public Transport and Utilities, stated that the HK government should have the final say on whether a fare rise is permitted in order to protect commuters’ interest.Critics said that the formula was inadequate in protecting commuters’ interest, as MTRC has increased fares for the past 6 years despite huge profits, so hopefully with the revised formula, the fare will be more affordable in the future, hopefully.

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2. HKU Faculty of Dentistry Ranked No.1 in the World

According to the latest QS World Universities Rankings by Subject 2016 published on March 22nd, the Faculty of Dentistry at the University of Hong Kong is ranked as the best dental school in the world, surpassing Karolinska Institutet in Stockholm, Sweden. Currently, approximately 2 out of every 3 dentists practising in Hong Kong have been educated at the HKU Faculty of Dentistry.

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3. 3 things you should know about the Chinese consumer

The 1.4 billion consumer base is such an attractive market to tons of companies, but be aware of the cultural difference. According to a report, earning brand loyalty is harder than before, consumers are more aware of personal health issue and online shopping is at rish as people consider offline shopping is a kind of entertainment. 

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4. Baidu wants to predict crowd disasters before they happen

With the amount of people in China, crowd can be deadly. In fact, some serious crowd crush happened in the past. In a new academic paper, Baidu researchers detail a computer system that uses Baidu Maps data to predict areas where dangerous crowds could be forming, and warn people in advance.

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5. Cherubic Ventures announces $120M early-stage fund for U.S., China and rest of Asia

Cherubic Ventures, an early-stage VC firm focusing on U.S. and Asian market, has announced a new fund targeted at $120 million. $50M will be allocated to China while the rest goes to the US and other countries.

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