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French sporting goods brand Decathlon bets on try-it-before-you-buy-it model to battle industry heavyweights in Hong Kong

Marc Zielinski, Decathlon Hong Kong’s chief executive, loves to run outside work hours. But when it comes to expanding the French sports equipment company in Hong Kong, he says: “It is not a race.”“Yes, we have plans to expand. But we like to say we open where we are needed,” Zielinski told the South China Morning Post this month during the soft launch of Decathlon’s third store in Tseung Kwan O, about two years after the brand first entered Hong Kong.The 36,000 sq ft retail space, which the… Source link

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Chinese start-up Neolix bets on robo-vans for deliveries, signs up JD.com and Huawei as customers

Forget drones. The future of deliveries may be robo-vans.A Chinese start-up called Neolix kicked off mass production of its self-driving delivery vehicles on Friday – saying it’s the first company globally to do so – and has lined up giants such as JD.com and Huawei Technologies as customers. Neolix expects to deliver a thousand of the vehicles, which resemble tiny vans, within the first year as it broadens out.The implications are potentially huge: Billionaire Jack Ma predicts there will be 1… Source link

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China plays a waiting game on the economy – and bets everything on the belt and road plan

China has been pump-priming its economy since January, in a reversal of recent deleveraging. The policy change is likely to stabilise the financial system and help financially troubled local governments, but won’t kick-start another growth cycle. Expect to see more of this sort of stabilising stimulus in the coming years. China is aiming to keep its economy on the treadmill – to keep it running on the same spot.According to the People’s Bank of China, aggregate financing surged to 8.18 trillion… Source link

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US bets on different mobile airwaves from rest of the world – and that might cost it the 5G race

This is the third in a series of articles analysing the impact of 5G mobile technology on people’s everyday lives.The United States does not have a stellar track record when it comes to betting on recent advances in mobile technology. The country lagged behind during the 3G era after it championed one standard (CDMA) over another (GSM) that was implemented by the rest of the world.While a universal standard for 5G technology has been adopted worldwide, the US risks repeating the same mistake… Source link

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Nintendo's surge on China entry prospects has not deterred short bets by hedge funds

Nintendo Co. shares have surged this year thanks to a stellar games line-up and potential entry into China. But the hedge funds betting against the company aren’t going away.Nintendo’s stock has rallied 27 per cent this year, the best start since 2015. Still, short sales, or bets the stock will fall, are more than double their level a year ago. Hedge funds even added to those positions last Friday – the day Nintendo shares rallied 15 per cent as China gave a nod to Switch game sales in the… Source…

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Stocks Blog: China's stocks face headwinds as traders weigh where to place their bets

Got a bit of jitters? If so, you aren’t alone among traders in mainland and Hong Kong markets, where bears came out swinging Monday, sending the Shanghai benchmark down for the third consecutive trading day and the Hang Seng to its lowest level in nearly two weeks. Check in with us throughout the day to catch up on the latest action. We also feature our “Crystal Ball,” in which leading experts offer you their insights on where they think sectors and companies are going.  Your market guides… Source link

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Hong Kong virtual bank among Standard Chartered’s digital bets as bank aims to improve returns

Standard Chartered hopes to make its proposed virtual bank in Hong Kong a key pillar of its digital strategy as the lender looks to streamline and grow its retail business in parts of Asia and Africa, Bill Winters, the bank’s chief executive, said on Tuesday.The lender, which is based in London but generates much of its revenue in Asia, is waiting to hear whether it will receive one of the first virtual bank licences that the Hong Kong Monetary Authority plans to issue this year.Speaking at the… Source link

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Not ‘typical foreigners’, says Raffles chairman as Singapore hospital operator bets big on China market

Patience is key to international companies cracking China’s health care market, the world’s second-largest, Dr. Loo Choon Yong, chairman of Singapore-based Raffles Medical Group, said on Saturday.Singapore’s largest private medical services operator, Raffles is betting on mainland China to drive growth amid muted prospects at home. It opened an 800 million yuan (US$119.09 million) fully owned and run hospital in the southwestern city of Chongqing in January, and expects to open a second one in… Source link

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Ecommerce 

Lazada bets on Chinese e-commerce models to win big in burgeoning Southeast Asian markets

Lazada Group, the Southeast Asian e-commerce platform, is betting on the tried-and-tested technology and e-commerce models of parent company Alibaba Group Holding as it strives to conquer the largely untapped online shopping market in the region.Lazada has adopted Alibaba’s technology to power its platform, and this week announced a host of tools for sellers on its online shopping centre Lazmall to build its brand and better engage with users. Merchants and retailers on Lazmall can now do… Source link

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Alibaba bets on Frenchman at Lazada to lead high-stakes Southeast Asia expansion

In December, Alibaba Group Holding put Pierre Poignant in charge of Lazada, the subsidiary spearheading the Chinese e-commerce giant’s high-stakes Southeast Asia expansion.The choice was out of character for several reasons. Poignant is a professional manager – a type Alibaba supremo Jack Ma has long disdained. He was part of Lazada’s founding team, also typically disqualifying. Finally, as a Frenchman, he is one of a very few Westerners to have cracked Alibaba’s upper echelons.New York-listed… Source link

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