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As of March 31, Hong Kong saw 37 new listings, raising a total of HK.4 billion (.6 billion). The number of IPOs was reduced by 42 percent from the previous 64, while funds raised dwindled from HK.4 billion — a 16 percent decrease compared to the same period last year.

As part of the research this year, Accenture also surveyed 2,000 consumers — 89 percent of Chinese consumers expect their relationship with technology to be more or significantly more prominent over the next three years.

As of Oct 9, there were more than 4,000 listed companies on the Chinese mainland, with a total market value of around 74 trillion yuan ( trillion), official data showed.

As more companies are taking cue from their Chinese counterparts, for instance in e-commerce and in online-to-offline business, this region will have a bigger demand for cloud computing, said Ma.

As part of the company’s unusual culture, meetings at Amazon start with about 20 people in the room reading 6-page documents known as “narratives.” These documents lay out the details of what’s to come in the meeting, and staffers spend as much as 45 minutes reading them in silence. That style of meeting stands in stark contrast to other companies.