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Chinese dairy giant Mengniu in talks with Fifa about sponsoring World Cup 2022 in Qatar

China’s second biggest dairy producer said it is in talks with football’s governing body about sponsoring the World Cup in Qatar in 2022 as it strives to boost its brand and gain the edge over rivals.China Mengniu Dairy was an official sponsor of last year’s World Cup competition in Russia, investing 1 billion yuan (US$149 million), a move that greatly increased brand recognition and revenue, according to chief executive Lu Minfang.“Sports have always been our interest and we will continue with… Source link

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Certified listings on blockchain could help authenticate works of art, according to Swiss start-up

Certified listings on blockchain could help authenticate works of art, according to Olivier Marian, founder and chief strategy officer at three-year-old Swiss start-up Arteïa.Marian said a digital “catalogue raisonné”, or a detailed curriculum listing all known works of art by an artist, could help bust fakes and forgeries, and determine provenance and market value.“A big problem of the art market is whether the art works have certified provenance directly from the artists or from other experts… Source link

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Hong Kong retail giant AS Watson to spend HK$1 billion on digital transformation in the next decade

AS Watson Group, the flagship retail unit of Hong Kong conglomerate CK Hutchison, may fork out HK$1 billion (US$128 million) on digital innovation in the next decade, according to Dominic Lai, group managing director.The group’s iconic Watsons health and beauty chain of stores is one of Hong Kong’s most instantly recognisable retail brands, with a proud history going back about 175 years. But in the era of e-commerce and digitalisation the company has worked hard to stay ahead, investing in… Source link

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China 

Can China’s bond inclusion on the Bloomberg Barclays Global Aggregate Index save its slowing economy?

The inclusion of yuan-denominated bonds for the first time on one of the most followed global benchmark indices on Monday comes at a critical juncture of China’s economy.Chinese government and policy bank bonds are being added to the Bloomberg Barclays Global Aggregate Index over a 20-month period, a move that analysts predict will draw around US$150 billion of investment into China.China sorely needs to finance its slowing economy especially since its current account, an important indicator of… Source link

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How good a gamer is Razer CEO Tan Min-Liang? We challenged him and found out

Tan Min-Liang hates Tim Cook and Jack Dorsey.Or more precisely, the kind of early-morning routine that the CEOs of Apple and Twitter favour: gym workouts, yoga, runs and meditation performed when most people are still in bed.“A lot of tech CEOs wake up at 5 o’clock in the morning, they meditate, and then they go for a run,” Tan, 42, co-founder and chief executive of gaming hardware maker Razer, said in a recent mid-morning interview. “I hate all those CEOs. I cannot do that.”Tan wakes up at 8am… Source link

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HSBC, BOCHK and AXA to mobilise entire networks as Hong Kong rolls out tax incentive schemes

Financial companies including HSBC and Bank of China (Hong Kong), two of the city’s three currency-issuing banks, as well as insurers AXA and Sun Life on Sunday said two tax schemes the government is launching on Monday will be available throughout their networks in Hong Kong.Hong Kong is launching a Voluntary Health Insurance Scheme (VHIS), under which the government will offer HK$8,000 in tax incentive per person per year for the purchase of health insurance cover up till the age of 100 years… Source link

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Chinese tech faces an innovation reality check as the economy cools and start-ups stumble

The slowing Chinese economy may be claiming some unexpected victims: without its robust engine, many tech start-ups relying on China’s fast growth for success are being cast out.Despite healthy capitalisation, investors are finding that some companies’ underlying technologies may not be as innovative as hoped. And even after a banner year for venture capital funding in 2018, some investors predict that as many as 90 per cent of Chinese tech start-ups are doomed to fail.“The market is going… Source link

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Vietnam 

Festival honors female entrepreneurs in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Facebook, in partnership with the Women’s Initiative for Start-ups and Entrepreneurship (WISE), organised the Women Innovation Festival in Hà Nội on March 30. The event aimed to honour the contributions of women, especially female entrepreneurs, to the country’s socio-economic development and kick-start the third year of #SheMeansBusiness, an initiative that celebrates and empowers women entrepreneurs in Việt Nam. “We are glad to see that many Vietnamese women have overcome barriers and achieved remarkable business results and affirmed their important roles in society.…

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Vietnam 

Central city debuts IT Park, starting aerospace industry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News Central city debuts IT Park, starting aerospace industry ĐÀ NẴNG — Deputy Prime Minister Vũ Đức Đam and representatives of Đà Nẵng and ministries officially inaugurated the first stage of the Đà Nẵng Information Technology Park (DITP) after one year of construction at a ceremony yesterday. The DITP, which is the country’s largest centralised information technology centre, is being built in central Việt Nam’s ‘Silicon Valley’ with total investment of $120 million in two stages. The park, invested and built by Trung Nam…

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Singapore 

5 teens arrested for wilful trespass after hiding in Ikea Tampines beyond operating hours, Singapore News

SINGAPORE – Five teenagers aged between 16 and 18 have been arrested after they hid in Ikea Tampines beyond the store’s opening hours. The police were alerted to a case of wilful trespassing at No. 60 Tampines North Drive 2, where Ikea Tampines is located, at 12.52am on Sunday (March 31). In a release on Sunday, the police said officers from Bedok Police Division located the five boys and arrested them. Preliminary investigations found that the teenagers were hiding in the Ikea building and stayed beyond the store’s operating hours.…

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