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But things might not be as rosy as they seem. Facebook’s lackluster performance in the public markets is giving some pause. And?Y Combinator founder Paul Graham wrote a letter to entrepreneurs Monday suggesting that things are going to get worse for early-stage startups trying to raise money.

But with its population of 5.6 million expected to grow steadily in coming years, authorities are now considering how to better use the space below the streets in an area that is just half the size of Los Angeles.

But the proposed alliances, neither of which is finalized, are not simply about tacking on revenue and cash flow, analysts and industry sources said.

But today, the world is confronted with a crisis like no other in modern times, with COVID-19 disrupting social and economic order at an unprecedented pace. Worst of all, it has killed nearly 92,800 people while infecting more than 1.5 million as of Friday, according to the World Health Organization.

But, Au said he remains optimistic that the region can secure a place among the top three in the global IPO league table next year.