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How 9/11 and China’s plan for blanket surveillance helped Hikvision and Dahua dominate the global CCTV camera market

China is famous for its one-industry towns. Gurao in southern Guangdong province is known for making bras. Qiaotou in Zhejiang province produces most of the world’s buttons. The city of Tianjin to the north is a major manufacturer of bicycles.Then there is Hangzhou’s Binjiang district, east of the Qiantang River that winds through the city, about 10 kilometres from the famed West Lake, a Unesco World Heritage Site. Once mostly farmland, the Binjiang district is now home to many manufacturers,… Source link

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Panda TV’s demise makes way for gaming giant Tencent to dominate live streaming too

Last August, Wang Sicong showed up on his live streaming network Panda TV to play a game of League of Legends for his e-sports team. The flamboyant son of Wang Jianlin, one of China’s richest men, did not do great, but his team won. The professional match ended up getting a peak of 50 million concurrent viewers, according to Panda, setting a record for the platform.To give some context, the record for an individual’s live stream on US-based Twitch was 628,000 concurrent viewers, when Fortnite… Source link

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Vietnam 

Supermarkets dominate essential product sales – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Supermarkets are the top choice for consumers seeking to buy essential products, stationery or household goods followed by convenience stores (including groceries), a survey by the High Quality Vietnamese Product Business Association has found. Sales of certain items have reduced at traditional markets, but they still dominate in sales of fresh foods, it said. Though online shopping still accounts for a small proportion of retail sales, it has grown significantly, especially in the case of garments, cosmetics, stationery, and electronics and…

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High data centre rents have allowed three firms to dominate US$883 million Hong Kong market

Land scarcity and some of the highest rents in Asia-Pacific have allowed three operators of data centres to dominate the market – estimated at US$883 million – in Hong Kong. According to a report released on Wednesday by Toronto-based consultancy Structure Research, which focuses on data centre and internet infrastructure, NTT Communications, a subsidiary of Japan’s largest telecommunications company, Nippon Telegraph and Telephone Corporation, Sunevision Holdings, the technology arm of Hong Kong property developer Sun Hung Kai Properties and US-based global co-location data centre operator Equinix command 55 per cent…

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China’s plans to dominate hi-tech sector hit a stumbling block as US trade war takes its toll

Beijing’s push to dominate hi-tech industries in the next decade under the “Made in China 2025” plan has been hit by the US trade war with a number of advanced manufacturing sectors experiencing weakening demand. Production of industrial robots fell by 12.1 per cent in December from a year earlier after a drop of 7.0 per cent in November, according to data published by the National Bureau of Statistics on Monday. Meanwhile, growth in the new-energy car sector, which has been heavily subsidised by the government, slowed to 15.5 per…

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Alibaba and Tencent dominate China new economy deals as market cools to lowest level in three years

Mergers and acquisitions in China’s new economy sector fell to the lowest level in three years as Beijing tightened restrictions on companies raising money from the stock market and liquidity dried up after new rules raised the threshold for major shareholders to sell their holdings. The moves were originally aimed at curbing asset bubble and stabilising the weak stock market but had the unintended consequence of squeezing liquidity. On the A-share market, M&A activity and approval rates both dropped to the lowest level since 2015, according to a report by…

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Vietnam 

Mid-end segment to dominate property market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News by Hoàng Hà HÀ NỘI — Việt Nam’s real estate market will see strong development in the middle-end apartment segment, according to experts. “2019 is expected to continue to be the year of the middle-end product market, with a reasonable price that is suitable for the budget of most people,” Dương Đức Hiển, Director of Residential Sales at Savills Hà Nội, said at a press conference releasing a report on Hà Nội’s property market in the fourth quarter of 2018 held in Hà Nội…

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Vietnam 

Derivatives volume rises again, individuals dominate trading – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

November saw a rise in trading volume of derivative products after consecutive declines in August and September. — Photo tapchitaichinh.vn Viet Nam News HÀ NỘI — All four contract codes were traded in the derivatives market on the Hà Nội Stock Exchange (HNX) in November, with total trading volume of 2.82 million contracts, up 10.6 per cent against the previous month. According to the HNX, individual investors remained the main players in the derivatives market. Domestic and foreign institutional investors only accounted for less than 1 per cent…

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Ecommerce 

Embrace self-driving tech to dominate logistics, says GoGoVan head

As autonomous vehicle technology becomes more advanced, the first company to eventually adopt such technology will dominate the logistics market, according to the chief executive of Hong Kong logistics start-up GoGoVan. “Google’s Waymo has very mature [autonomous] technology already,” said Steven Lam at a panel discussion at the South China Morning Post’s China Conference in Kuala Lumpur on Thursday, referring to the tech giant’s self-driving car subsidiary. “Whoever can adopt autonomous technology first will be the winner [in logistics].” How a high-school dropout with big ideas founded GoGoVan, Hong Kong’s…

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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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