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5 in 5 minutes - February 03rd

Hong Kong Startup News Round Up

Hong Kong-based Dragon Law launches in Australia and New Zealand with Startup Plan

Dragon Law, a Hong Kong-based legal startup, launched their legal technology software in Australia and New Zealand, offering 44 documents that are localized for use in each country. Dragon Law's launch in both countries is a startup-focus plan that offers essential documents for fast-growing businesses. 

Founded in 2012 in Hong Kong, Dragon Law provide end-to-end solution to help businesses of all sizes to manage legal, become more productive and save time and money on the process. With approximately 50 staff in Hong Kong and Singapore, the startup is also hiring in Australia and New Zealand.

Click here to see the job openings from Dragon Law!
Click here to see an article from Dragon Law with everything you need to know about their new launch in Australia and New Zealand!

Spending on Medicine in Hong Kong to grow to US$1.7B by 2021

According to a research from BMI, the HK pharmaceutical market will see steady growth in the upcoming years. According to BMI's research, top-line medicine spending will grow from US $1.2 billion in 2016 to US $1.7 billion. Hong Kong also see a high per-capital medicine spending at US $168 compared to other countries like China (US $83) and the Philippines (US $32) in 2016.

Due to the well-developed regulatory regime and high per-capital drug spending, Hong Kong is considered to be a great market for innovative drug makers.

High demand in cyber security talents in Hong Kong

According to the latest Hays Quarterly Report, many companies are looking for cyber security talents during the January to March in order to enhance cyber security in the company and stay one step ahead of hackers and cyber crime. Other IT talents in high demand this quarter includes java and oracle expertise.

Hong Kong-based entrepreneur to host Asia’s newest entrepreneurship podcast

Jay Kim, a self-described investor and entrepreneur, is the host of a new entrepreneurship podcast in the region, named The Jay Kim Show. Kim did the interview with entrepreneurs talking about issues in the region. He interviewed entrepreneurs on the show like Danny Yeung, CEO of Groupon East Asia, and Henri Arslanian, author, speaker and Adjunct Associate Professor at Hong Kong University. 

Click here to see show here.

Jack Ma’s Ant Financial acquires US-based money-transfer company

Ant Financial, China's online finance app owned by Jack Ma has acquired Moneygram, a US-based money transfer service for US$880 million. Moneygram operates in more than 200 countries offering money wire services for individuals and businesses. Stockholders are being offered US$13.25 per share.

SFA to help Singapore students to explore cross-border jobs in FinTech sector

The Singapore Fintech Association signed a Memorandum of Understanding with five polytechnics to help final year students find internships in the FinTech sector, include internship opportunities in startups, financial institutions and regulatory.

According to a survey, there will be more than 5,100 job vacancies within the sector starting from 2016 to 2018.

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