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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China 

Big companies on alert in countdown to China’s consumer rights TV show

China is gearing up to skewer companies it accuses of treating consumers badly in a yearly event that has previously named and shamed firms from Apple to Nike.State-run China Central Television (CCTV) will on Friday evening broadcast its annual consumer rights show, similar to CBS network’s 60 Minutes in the United States, that tends to be a mix of undercover reports and song-and-dance routine.Known as “315”, in reference to global consumer rights day on March 15, the show is usually greeted… Source link

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Home 

Are Chinese electric car start-ups doomed after Tesla’s big price cuts?

In recent years there has been a wave of Chinese electric vehicle makers – from Byton to Nio to Xpeng – looking to take on Elon Musk’s Tesla, encouraged by government support for a move away from the internal combustion engine. Now that the Palo Alto-based giant has slashed prices ahead of commencing local production later this year in China, people are asking if the burgeoning crowd of domestic challengers are going to run out of road. It has become such a hot topic that even Miao Wei, China’s… Source…

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Vietnam 

Việt Nam to see big inflow of FDI in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News Thu Hà Việt Nam’s foreign direct investment (FDI) attraction is expected to make a leap, especially in quality, in 2019 as more foreign investors, including big names, in the world’s high-tech manufacturing and services industries are choosing the country as their destination. Data from the Foreign Investment Agency under the Ministry of Planning and Investment showed foreign investors registered to pour US$8.47 billion into Việt Nam in the first two months of this year, 2.5 times higher than the same period of last year.…

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Zuckerberg says Facebook’s future is going big on private chats

Facebook chief executive Mark Zuckerberg said on Wednesday the company would encrypt conversations on more of its messaging services and make them compatible, the latest sign that the world’s biggest social network sees its future in intimate online chats.Zuckerberg said in a post on his Facebook profile that within a few years direct messaging would dwarf discussion on the traditional, open platform of Facebook’s news feed, where public posts can go viral across the world.“Working towards… Source link

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China’s carmakers and dealers offer big come-ons to entice wary buyers

China’s worst car-market slump in a generation is forcing manufacturers and dealers to resort to generous discounts and loan offers to lure buyers, as the slowdown hits carmakers’ profits.Incentives and reductions equivalent to more than 10 per cent of the sticker price are now commonplace and interest-free loan offers abound as carmakers and dealerships struggle to bring buyers back to showrooms, especially outside China’s cities. But buyers aren’t biting, with car sales continuing to decline… Source link

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Vietnam 

Big potential for bilateral trade between Việt Nam and the US: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News On the sidelines of the DPRK-USA Hanoi Summit on Wednesday, three Vietnamese airlines signed deals with US firms worth more than US$21 billion. They purchased 110 Boeing aircrafts and inked long-term service maintenance and aviation technology agreements. Việt Nam News reporters spoke with economic experts and investors about the future of bilateral trade relations between Việt Nam and the US. Adam Sitkoff, Managing Director of the American Chamber of Commerce (Amcham) in Hà Nội. — Photo courtesy…

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Xiaomi sets up artificial intelligence and big data departments to sharpen focus in tech race

Xiaomi, the world’s fourth-biggest smartphone maker, announced the creation of three artificial intelligence-related departments in another reshuffle to transform the company into an AI-driven company.The Beijing-based company promoted Cui Baoqiu, who set up the AI and cloud team in Xiaomi, to vice-president, reporting directly to co-founder and chief executive Lei Jun. Lei also announced the set up of new AI, big data and cloud computing departments, according to a letter provided by the… Source link

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Hong Kong stock grabs big dollars (and invites big questions) with its 8,500 per cent return

Perched below the Ritz-Carlton in Hong Kong, inside the city’s tallest skyscraper, is one of the biggest mysteries of the investing world.There, on the 66th floor of the International Commerce Centre, lies the headquarters of an obscure company that, at first glance, looks like a wild success. Its stock has bested everything in its class with a staggering five-year run: 8,563 per cent.But ask local market veterans about China Ding Yi Feng Holdings, and they’ll tell you the rally makes little… Source link

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China begins to embrace global sustainable investment trend, but big names still missing, says China chief of UN-backed body

The idea that companies’ environmental, social and governance performance should be weighed in investment decisions is beginning to catch on in China. Above, a dead fish floats in water filled with blue-green algae at the East Lake in Wuhan, Hubei province in this August 20, 2012 file photo. Photo: Reuters Source link

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