Hong Kong-based Internet services firm Outblaze has set up shop in San Francisco to serve its growing list of Silicon Valley clients and bolster its outsourcing business in the US. The move was in line with the company’s aim to generate more than 50 per cent of its total business from the US, Outblaze chief executive Yat Siu said. (full story)

Hong Kong people own more mobile phones than almost anyone else in the world, according to a global telecom report. For every 100 residents in Hong Kong there are 80 mobile phones - an ownership rate beaten only by Luxembourg, which has 87, says the International Telecommunications Union. (full story)