HKUST Business Review

Are You Ready for the AI Era? 4 CAUSE FOR OPTIMISM AS AI BRINGS CHANGE TO THE WORLD OF BANKING KWANG Kam Shing CEO for Hong Kong and Chairwoman, North Asia, at J.P. Morgan 8 ASTUTE USE OF VENTURE CAPITAL AND AI RESHAPING HEALTHCARE SECTOR Nisa LEUNG Founding Managing Partner of Aulis Capital 12 HOW AI IS REDEFINING RETAIL STRATEGY AND PRACTICES Dr. Malina NGAI Group CEO of AS Watson 16 FLUENCY IN AI IS VITAL FOR LEADERS IN A NEW ERA Professor Tony CHAN Former HKUST President, Mathematician, and Computer Scientist 20 LEADING IN THE AGE OF AI Professor Frederik ANSEEL Dean of Business and Management and Chair Professor of Management at HKUST COVER 38 KELLOGG-HKUST EXECUTIVE MBA RANKED WORLD NO. 1 Marking a record unmatched in the history of the FT Global EMBA Ranking 40 CONNECTING OUR ALUMNI COMMUNITY AROUND THE WORLD Snapshots of alumni engagement and community-building around the world 42 LEARNING TO LEAD ACROSS DISCIPLINES Dr. Joseph CHEUNG shares how doctoral study sharpened leadership 44 BUSINESS SCHOOL CENTRAL – A NEW CBD HUB FOR COLLABORATION, LEARNING AND STAKEHOLDER ENGAGEMENT Versatile downtown learning spaces fostering business education, and stakeholder engagement 46 HKUST AND NAZARBAYEV UNIVERSITY LAUNCH NEW ROUTE INTO EURASIAN BUSINESS New joint undergraduate program aimed at preparing students for the fast-evolving Eurasian business landscape 48 DRIVING BUSINESS INNOVATION AND FUTURE-READY LEADERSHIP Nurturing future business leaders and creating impact through innovation, AI and quantum security readiness Feature 26 A SILVER LINING OF AGE: OLDER WORKERS FARE BETTER ON CONSUMER-TO-CONSUMER PLATFORMS Professor Sang Kyu PARK, Professor FANG Lu, and Professor Anirban MUKHOPADHYAY Department of Marketing, HKUST Business School 30 GERONTECHNOLOGY: THE BUSINESS OPPORTUNITY HIDDEN IN AN AGING SOCIETY Professor Stuart GIETEL-BASTEN Division of Social Science, HKUST School of Humanities and Social Science Division of Public Policy, HKUST Academy of Interdisciplinary Studies 35 HOW UNAVAILABLE PRODUCTS IMPACT SALES Professor TANG Rui Department of Economics, HKUST Business School INSIGHT Insights and News from the HKUST Business School