Vietnam 

Việt Nam adopts pro-active measures to protect trade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Illustrative Image. —Photo hanoimoi.vn Lương Kim Thành, a senior officer from the Trade Remedies Authority of Việt Nam, talks to Hà Nội Mới (New Hà Nội) newspaper on Việt Nam’s resolve to be pro-active in the international market in all circumstances. Do you know why many countries have recently increased their monitoring activities against the flow of Vietnamese goods exported to their countries? With tense Sino-US trade relations, many countries have strengthened their trade protection measures to protect their local markets and production. Thanks to its lucrative policies on foreign investment,…

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JD.com adopts AI to drive growth in smaller cities and among female users amid wider e-commerce slowdown

Chinese e-commerce giant JD.com is exploiting artificial intelligence (AI) to help drive online consumption in smaller cities and among female users to help compensate for slowing growth in China’s e-commerce industry amid the uncertain economic climate.Zhou Bowen, head of AI at JD.com, said the company’s AI-powered SnapShop, which allows users to take a photo of a product and provide identical and similar product recommendations, is helping it grow business in smaller cities and among young… Source link

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Hong Kong insurer Blue Cross adopts blockchain to speed up medical claims, eliminate fraud

Hong Kong’s insurance firms are fast embracing technology to keep up with their more nimble rivals.On Tuesday, Blue Cross (Asia-Pacific) Insurance said it has become the first insurer in the city to launch a blockchain-backed solution to speed up medical insurance claims and prevent fraud, adding that the distributed ledger technology will also help the company cut costs.Rivals Prudential, HSBC Life and Bowtie Insurance have started selling insurance products and processing insurance claims… Source link

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Sun Hung Kai Properties posts 31.2pc drop in interim profit as it adopts new accounting standard

Sun Hung Kai Properties, Hong Kong’s biggest developer by market value, reported a 31.2 per cent fall in underlying profit for the six months to December because of a change in accounting policy, it said in a filing to the Hong Kong stock exchange on Wednesday.The company said that from July 1, 2018, it had been recognising revenue from property sales in Hong Kong only after delivering the property to buyers.Its interim core profit, excluding revaluation gains on investment properties, was HK… Source link

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GoGoVan CEO says whoever adopts autonomous vehicle technology first will dominate logistics

As autonomous vehicle technology becomes more advanced, the first company to adopt it successfully has the potential to dominate the logistics market, according to a top executive from Hong Kong logistics start-up GoGoVan. “[A company like] Google’s Waymo has very mature [autonomous] technology already,” said Steven Lam, chief executive of GoGoVan in a panel discussion at the South China Morning Post’s China Conference in Kuala Lumpur on Thursday. “Whoever can adopt autonomous technology first will be the winner [in logistics].” Lam likened the arrival of autonomous driving technology to how…

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