The growth of video-on-demand services, both in Asia and beyond, has had huge impact on the film industry over the last 12 months, while the next year may well be focussed on assessing the impacts of China's streaming legislation.
Following the establishment of three experimental cross-border e-commerce physical stores, Guangzhou has taken a lead in this sector among mainland cities, providing both challenges and huge opportunities for Hong Kong businesses.
A new milestone has been reached in terms of CEPA implementation, with the subsidiary agreement taking effect from March 2015 to provide basically free services trade between Hong Kong and Guangdong. It adds a negative list to the positive list already adopted, while according national treatment status to Hong Kong service suppliers (HKSS) in nearly 60 sub-sectors with a commercial presence in Guangdong.
With country slipping behind in FinTech development, Seoul orders shake-up of obstructive financial services regime. The sluggish growth of Korea's domestic FinTech industry has inevitably opened the door to a number of the global tech giants. Korea's mobile payment market is seen as under-serviced by domestic service providers.