Motley Fool HK shutting down

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Dear Fool HK members,

The Motley Fool entered Hong Kong about two years ago in order to build an investment community here to serve many markets across Asia. We strive to fulfill our purpose by providing outstanding investing advice on Hong Kong stocks, US stocks and other stocks around the world. We hope our Special Free Reports and free content on fool.hk could help you take control of your money and make better financial decisions over the past two years. 

Unfortunately, The Motley Fool has decided to close our Hong Kong entity after weighing what’s best for our business and employees. 

Traditionally, most foreign companies operating here (like The Motley Fool) look to leverage Hong Kong’s freewheeling capital flows, transparency of information, and Western Rule of Law to access the China market. Then, in mid-2019, the outbreak of protest against the Extradition Bill led Hong Kong into a pro-long political struggle. The recent introduction of a Hong Kong National Security law by Beijing authorities has placed a fresh international focus on Hong Kong’s unique “One Country, Two Systems” model and its future outlook.  Moreover, the decoupling trend between the US and China is putting this financial hub in the eye of a geopolitical storm.

With all those uncertainties, it’s hard to make predictable decisions to grow our Foolish business here over the next 3-5 years. Thus, we want to focus on and put resources behind ideas that can meaningfully, efficiently, and profitably scale our business around the world.

I’ve written a couple of articles about the risk of over-concentration portfolios on Hong Kong and China stocks among Hong Kong investors. Thus, I’d suggest you diversify your portfolio by joining one of our investment communities in the US, the UK, Canada, Australia, Germany, Japan to keep up-to-date Foolish advice on other stock markets. 

I hope that our paths will cross again, and wish you all the best for the future. 

Fool on-

Hayes Chan

Lead Analyst, Motley Fool Hong Kong

[shri]

Hah .. just checked my email and saw the same thing.

Pity.... they had some interesting articles on there but I never got to find out that one thing Tom recommended.

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Hah .. just checked my email and saw the same thing.

Pity.... they had some interesting articles on there but I never got to find out that one thing Tom recommended.

It is a real pity, it was a good source of HK specific peronsal finance advice, something which lacking here.

[shri]

Agree, but did any of you guys pay for the subscription or even disabled your banner blockers while browsing their site?

[Coolboy]

I was going to subscribe...but now guess not.

[RMDNC]

Maybe the HK articles have much more substance but the US Motley Fool articles are written by young college grads with little experence in the markets. Most of it is clickbait for subscriptions and ads for other services and products. Its degraded over the years to something terrible and not worth reading at all IMO. It never has incremental news and data poiintsIMO.

[Kowloon72]

They called Yeahk a couple months back when it was around 15 hkd as the "number 1 stock to invest in HK". Wish I'd listened.

I read the odd bits and bobs on their site. Personally, I don't really buy their reasoning for shutting down here - my guess is that the expansion here hasn't worked out as the site hasn't been popular enough, and they're cutting losses and throwing out "oh but NSL" to save face a bit. The advice at the end is also pretty disingenuous.

[Beanieskis]

Very odd email and a bizarre attempt at a political statement. HK is not not going to lose it's place as a financial centre in the near future.

[shri]

Very odd email and a bizarre attempt at a political statement. HK is not not going to lose it's place as a financial centre in the near future.

It may or it may not - certainly no reason for the Fools to paint themselves into a corner. While it will be applauded in some circles - it not is a pragmatic move to burn bridges in what may or may not be a world city financial center n the near or distant future.

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I think their value in the US (and in the UK) has been their subscription service. It seems their articles (in the US) were very clickbaity.

Also their forums in the UK were pretty good (Lemon fool) or something like that.