More tech companies likely to list in Hong Kong in next decade, Alibaba’s Joe Tsai says



a person standing in front of Tung Chee-hwa et al. posing for the camera: Joe Tsai, Alibaba’s executive vice-chairman (left), and former Hong Kong Chief Executive Tung Chee-hwa, at the China Conference: United States organised by the Post. Photo: Edmond So


© SCMP
Joe Tsai, Alibaba’s executive vice-chairman (left), and former Hong Kong Chief Executive Tung Chee-hwa, at the China Conference: United States organised by the Post. Photo: Edmond So

More technology companies from across the globe – not just those based in China – are likely to list on Hong Kong’s stock exchange in the next five to 10 years, particularly emerging tech leaders in Southeast Asia, according to Alibaba’s executive vice-chairman Joe Tsai.

Non-US investors, as well as sovereign wealth and pension funds, are increasing their allocations to Hong Kong and Asia as they seek to tap future growth in the region, Tsai said at a fireside chat as part of Hong Kong Exchanges and Clearing’s (HKEX) first Southeast Asia Forum on Thursday. HKEX is the operator of the Hong Kong bourse.

“Think about that huge capital base coming to Asia, and a lot of that is focused on

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Insole Tech Startup Plantiga Partners With Original Footwear

Major College Football Teams Should Leave NCAA, Says Knight Commission

By

Andrew Cohen

The Knight Commission issued a report on Thursday recommending that all Football Bowl Subdivision teams should split from the NCAA and form their own governing body. NCAA president Mark Emmert met Thursday with the Knight Commission to discuss the recommendation. 

The Knight Commission is a panel comprised of university presidents, former athletic directors, and other leaders in sport dedicated to pursuing reform in college athletics. The group’s proposal would see all sports except FBS football continue to operate under the NCAA while FBS programs form a separate entity called the National College Football Association.

The NCAA currently provides all regulatory services to college football but does not benefit from the sport’s biggest money maker, the College Football Playoff, which generated $460 million in 2019 and is independently owned by the 10 FBS conferences. The

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New tech will give cops access to residents’ private security video

Police in Mississippi’s homicide-wracked capital are one step closer to being able to access residents’ livestreaming home security video — in a move opposed by privacy advocates.

The police department in Jackson will soon become one of two dozen places across the country to sign on with Fusus, a company that makes its easier for cops to create a network of real-time video from public and private cameras, NBC News reported.

Residents in the city of 160,000 — which recorded a decade-high 84 murders in 2018 — can opt into the service with their doorbell cameras, like Ring.

The livestream feed would then be funneled directly to the city’s new real-time command center.

“What you see behind us is an opportunity, an opportunity to better observe and fill in the gaps,” said Jackson Mayor Chokwe Lumumba at the center’s ribbon-cutting last month, NBC News said.

Authorities in Jackson are scrambling

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Texas Tech head coach Matt Wells tests positive for COVID-19 ahead of game vs. Kansas

Texas Tech announced Thursday that head football coach Matt Wells has tested positive for COVID-19.

The Red Raiders (3-6, 2-6 Big 12) are scheduled to host Kansas for an 11 a.m. kickoff on Saturday in Lubbock.

”Texas Tech received notification earlier this morning that Coach Wells tested positive for COVID-19. At this time, Coach Wells has returned home to self-isolate and will continue his duties remotely leading into Saturday’s game against Kansas,” the school said in a statement.

“He will remain in the Big 12′s testing guidelines in order to confirm the positive test. In the case Wells is unable to lead the Red Raiders on Saturday, defensive coordinator Keith Patterson will serve in the head coach capacity.”

Wells is 7-14 since taking over the Red Raiders, who after a big comeback of their own to beat Baylor on a game-ending field goal in their last home game three weeks

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Unemployment claims drop, but Bay Area tech firms prep layoffs

SAN JOSE — Unemployment claims in California fell to their lowest levels since coronavirus-linked business shutdowns began in March — but a few Silicon Valley tech companies and at least one big services firm that caters to the tech sector have prepped new layoffs.

In November alone, Hitachi Vantara, Boston Scientific, Marvell Semiconductor and PayPal have revealed plans for job cuts in Silicon Valley, according to official state filings.

Despite the improvement in unemployment claims in California, the tech industry layoffs and weekly jobless filings that remain far higher than what is typical are disquieting reminders that the economy in the state and the Bay Area remains feeble.

“The California economy is in a suspended state,” said Michael Bernick, a former director of the state Employment Development Department and an employment attorney with law firm Duane Morris. “There is little new hiring and no economic uptick over the past two

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New Tech Gives Cops Ability to Access Live Footage From Home Security Cameras

Illustration for article titled New Technology Could Provide Police Access to Real-Time Footage From Home Security Cameras

Photo: pixinoo (Shutterstock)

I don’t know why anyone thought this was a good idea, but apparently Jackson, Miss. is experimenting with a pilot program that would give police the ability to access real-time video surveillance from your home security camera.

So did none of these people play Watch Dogs? Watch Psycho-Pass? Consume literally any media about the dangers of a surveillance state? No? Go figure.

According to NBC News, police in Jackson, Miss. have partnered with Fusus, a Georgia-based company whose focus is on creating cost-effective surveillance networks for law enforcement, to build a new surveillance network. The proposed network would give law enforcement the ability to access live, real-time footage of private and public security cameras.

Why are they doing this? Well, for the same reason anyone does anything in this country: money.

The pilot program is being explored by cities that are experiencing rising

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Health tech venture firm OTV closes new $170 million fund and expands into Asia

OTV (formerly known as Olive Tree Ventures), an Israeli venture capital firm that focuses on digital health tech, announced it has closed a new fund totaling $170 million. The firm also launched a new office in Shanghai, China to spearhead its growth in the Asia Pacific region.

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OTV currently has a total of 11 companies in its portfolio. This year, it led rounds in telehealth platforms TytoCare and Lemonaid Health, and its other investments include genomic machine learning platform Emedgene; microscopy imaging startup Scopio; and at-home cardiac and pulmonary monitor Donisi Health. OTV has begun investing in more B and C rounds, with the goal of helping companies that already have validated products deal with regulations and other issues as they grow.

OTV focuses on digital health products that have the potential to work in different countries, make healthcare more affordable, and fill gaps in overwhelmed healthcare systems.

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UK appoints entrepreneur as first tech envoy to US



a large body of water with a city in the background


© PA Media


The UK has appointed an entrepreneur as its first technology envoy to the United States and consul-general to San Francisco.

Joe White has worked for 20 years in the digital sector, including as a Silicon Valley investor.

It is the first time the two roles have been combined and Foreign Secretary Dominic Raab said the move underlined the UK’s commitment to the tech sector.

Mr White said it was an honour to represent the UK at a “critical time”.

The Foreign Office said he had extensive experience as an entrepreneur and venture capital investor and most recently worked as a general partner at tech fund Entrepreneur First.

He was made an MBE in 2017 for services to technology businesses.

Mr Raab said: “The UK and the US are the largest investors in each other’s economies and this important appointment further underlines our commitment to the tech sector.

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10 Top Tech ETF Picks For 2021

2020 will be remembered as one of the wildest years in recent memory, both from a financial markets standpoint and life in general. 2021, however, could be a different story. If the markets keep betting that a COVID vaccine will be available sometime in 2021 and the economy is on track for a recovery, it could be a big year for dividend ETFs.

Why? In an economic rebound, value and cyclical stocks tend to outperform – two areas of the market that are often overweight in dividend funds. Financials, energy and industrials could perform particularly well and that would provide a big boost to many dividend stocks, particularly high yielders.

But it will likely be a picker’s market. Investors probably won’t be able to invest in any old dividend ETF and expect market-beating returns.

Also: 10 Top Dividend ETF Picks For 2021

Here’s my list of top tech ETF picks

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Singapore wants co-investors to pump $112M into deep tech startups

Singapore is seeking co-investors from the private sector with the goal to plow up to SG$150 million into its early-stage, deep tech startup community. It hopes to identify 10 to 15 such partners and target startups in three key sectors including health and biomedical sciences. 

Led by Enterprise Singapore’s investment arm Seeds Capital, the initiative will tap funds from the Startup SG Equity scheme, under which the government may invest in funds or work with qualified third-party investors to make direct co-investments into eligible startups.

With the new call-for-partnership, Seeds said in a statement Thursday it aimed to refresh and diversity its current pool of 30 co-investment partners across the three deep tech sectors, including advanced manufacturing and engineering as well as urban solutions and sustainability. These market segments were aligned with the country’s Research, Innovation, and Enterprise 2020 (RIE2020) Technology Domains, which aimed to boost Singapore’s research capabilities and

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