08/01 GBA Briefs

GBA Association opens in HK: The Greater Bay Area Federation of Industry and Commerce, an organization dedicated to fostering the industrial and business cooperation in the region, opened its new headquarters in Hong Kong on Tuesday. It will organize a series of networking events, and help GBA companies raise money in Hong Kong. Read more (in Chinese)

Megvii IPO: Megvii, the Chinese facial recognition startup blacklisted by the US, resumed its $500 million IPO plan in Hong Kong as the city’s bourse cleared its application, after the process was postponed in November. Read more on Reuters.

Realme ambitious: Realme, a Shenzhen-based smartphone manufacturer spinning off from the smartphone giant Oppo, aims to double the number of handsets it ships in 2020 to 50 million, after it saw rampant expansion in India in 2019. Read more on Reuters.

Virus grows: Thirty patients in Hong Kong were in hospital isolation with symptoms of fever and respiratory infection or pneumonia, with a third education institution reporting a suspected case on Tuesday night, all after visiting Wuhan. Read more on SCMP.

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