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China’s Xiaomi pushes global smartphone expansion as it monitors US trade ban on Huawei

A customer uses the first Mi Express Kiosk, a vending machine from China’s Xiaomi Corp, in Bangalore, India, on May 17, 2019. The Beijing-based company, which shipped 27.9 million smartphones in the first quarter, aims “to serve 70 per cent of the world’s population” as part of its expansion strategy. Photo: Xinhua Source link

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Sands China to follow up The Parisian and The Venetian with The Londoner as part of US$2.2b Macau expansion plan

Sands China last week unveiled plans to upgrade the 1,200-room Holiday Inn at Sands Cotai Central in Macau, rebranding it as The Londoner, a destination resort in line with its other European city-based brands, The Venetian and The Parisian.The Londoner rebranding is part of a larger, US$2.2 billion expansion plan, to be unveiled by Sands China, which develops, owns and operates integrated resorts, retail malls and casinos, in stages. To start with, the Holiday Inn will make way for the 600… Source link

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Hong Kong’s banks back on the hiring spree after a decade of lay-offs as they prepare for virtual banking, Greater Bay expansion

Hong Kong’s recruiters are busy hiring again for the city’s banking industry after a decade of shrinking headcounts, as they prepare for expansion in the Greater Bay Area and a boom in virtual banking.Large banks such as Standard Chartered, HSBC and DBS are hiring multilingual bankers with solid backgrounds in credit, information technology and compliance as they ready themselves to expand their services in the 11 cities that make up the bay area scheme, said Jerry Chang, managing director of… Source link

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Vietnam 

VN mattress market set for strong expansion: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Việt Nam’s strong economic growth and rapid increase in per capita income has driven demand for a better quality of life, thus the development of the interiors market, including for mattresses, according to experts. In its Việt Nam mattress market report, Ken Research Company of India said the market saw compounded annual growth rate of 7.6 per cent in the 2011-16 period. It is expected to reach US$291 million by 2021, it said. Growing demand from the residential and commercial…

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Alibaba to step up cloud computing expansion amid growing global demand

Alibaba Group Holding, China’s biggest e-commerce company, plans to ratchet up the expansion of its cloud computing ecosystem with more strategic partnerships and services, intensifying its global competition with Amazon Web Services (AWS) and Microsoft.Chief technology officer Jeff Zhang Jianfeng, who serves as president of subsidiary Alibaba Cloud, said the new initiative will make the 10-year-old business unit “a more technologically inclusive platform” at the company’s cloud summit in… Source link

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Xiaomi rebounds with 13.5 billion yuan annual profit, targets greater international expansion

Chinese smartphone giant Xiaomi Corp on Tuesday reported a net profit of 13.5 billion yuan (US$2 billion) last year, rebounding from its 43.9 billion yuan loss in 2017.The Beijing-based company’s total revenue grew 52.6 per cent to 174.9 billion yuan, up from 114.6 billion yuan a year ago, but slightly missed the 176 billion yuan market average estimate from analysts’ forecasts compiled by Bloomberg.That was driven by a 41.3 per cent increase in global smartphone sales to 113.8 billion yuan… Source link

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China’s No 2 pork producer eyes expansion amid deadly outbreak of African swine fever

China’s second-largest pork producer says it will increase production this year despite a serious outbreak of swine fever, betting on reduced supply and surging prices to boost profits.A total of 112 cases have been reported in 28 of China’s 34 provinces since August, resulting in the cull of over 950,000 pigs. The virus has also been detected in Mongolia and Vietnam, according to the Food and Agriculture Organisation (FAO) of the United Nations.The disease is fatal to hogs but does not affect… Source link

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Vietnam 

Banks speed recruitment to meet expansion plans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Many banks have recently announced they will recruit a large number of personnel to meet their business expansion plans in 2019. Sài Gòn Thương Tín Joint Stock Commercial Bank (Sacombank) announced its plan to recruit 800 new staff for transaction offices and branches nationwide. The positions to be filled are for individual and corporate customer relationship managers, consultants and tellers, including 100 employees for four branches in the provinces of Thái Bình, Ninh Bình, Nam Định and Lào Cai. Leaders of…

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Vietnam 

Deputy PM hails Gazprom’s investment expansion plans in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Deputy Prime Minister Trịnh Đình Dũng has called on Russian gas group Gazprom to continue its close co-ordination with Vietnamese ministries, agencies and partners in scientific and technological applications and administrative reforms in order to reduce costs and improve investment efficiency. While hosting a reception in Hà Nội on Thursday for Vitaly Markelov, deputy chairman of the Gazprom Management Committee, Dũng hailed the group’s investment projects in Việt Nam.  He highlighted the fruitful development of the traditional relations, friendship and strategic partnership…

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Ecommerce 

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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