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Booming e-commerce helped parcel delivery giant DHL Express weather the US-China trade war, says chief executive

The movement of goods in the US-China trade corridor remained “very strong” for DHL Express in 2018 even as the trade war between the world’s two largest economies escalated, according to John Pearson, the logistics company’s chief executive.Pearson, who became CEO in January after more than three decades at the firm, said e-commerce activity made up for what “would otherwise be a subdued trading” environment between China and the US.“When you are all things to all people, all industries, all… Source link

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Who’s afraid of Huawei? Where Asia stands on China’s 5G tech giant

While much of Southeast Asia has embraced Huawei as the preferred provider of 5G communications equipment, Japan and South Korea seem to be hedging their bets, and India’s implementation of the technology is still a long way off.JAPANJapan has found itself at odds with its larger neighbour in recent months over whose equipment will lay the groundwork for the country’s roll-out of 5G – the fifth generation of mobile communications technology that has been lauded for its potential to reshape… Source link

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Zurich-based robotics giant ABB expects Chinese electric vehicle makers and SME sector to keep Shanghai plant busy

ABB Group, the Swiss-Swedish industrial automation and electricity supply technology company, is banking not only on hundreds of electric vehicle start-ups in China, but also millions of small and medium-sized manufacturers in the country, to fill up the order books at a robotics factory it is building in Shanghai.The Zurich-headquartered company, which also has robotics factories in Sweden and the United States, is betting big on further growth in the demand for automation in China – the world… Source link

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Tencent shares rise after game is approved, but tech giant can’t keep Hong Kong gauge from slipping below 30,000 mark

Hong Kong and mainland China stocks on Thursday recorded their biggest daily declines since March 25, defying a rise in inflation to safer levels in China amid continued concerns about global growth.On the mainland, the Shanghai Composite Index extended losses through the day to end down 1.6 per cent at 3,189.96, while the CSI 300 Index of large caps listed in Shanghai and Shenzhen shed 2.16 per cent to 2,997.58.In Hong Kong, the Hang Seng Index closed below the 30,000 mark, which it had been… Source link

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Chinese brokerage giant seeks to raise US$1.25 billion in Hong Kong’s largest IPO this year

Shenwan Hongyuan, China’s sixth largest securities firm by market value, is seeking to raise as much as US$1.25 billion in Hong Kong’s largest IPO this year to replenish its capital and expand internationally.Shenwan, already listed on the Shenzhen Stock Exchange, is set to become the 12th Chinese brokerage firm with dual listings in Hong Kong and mainland markets.The firm, controlled by state-owned Central Huijin Investment, plans to sell 2.5 billion shares priced between HK$3.63 and HK$3.93… Source link

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Vietnam 

ICT giant CMC Corporation launches new open ecosystem, eyeing knowledge and data sharing to boost digital economy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Technicians at CMC Corporation’s data centre. Photo CMC   HÀ NỘI The telecoms and IT giant CMC Corporation on Tuesday (April 9) launched the open ecosystem for enterprise (C.OPE2N) – the first of its kind in Việt Nam – to help foster a digital economy and a “Vietnam 4.0”. The new open ecosystem will offer a wide range of services and benefits for Government agencies, enterprises and organisations in order to share and connect knowledge among Vietnamese people in the era of digital transformation. …

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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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US hotel giant Marriott’s goal of 1,000 properties by 2020 in Asia-Pacific to be led by China and India

Marriott International is ramping up its presence in Asia-Pacific as it targets 1,000 properties in the region by 2020, with the US hotel operator identifying China, India and Southeast Asia as its growth drivers.This year alone the company expects to add about 100 new hotels or close to 20,000 rooms in the region.Marriott said it well positioned to capitalise on global travel trends in China, India, and Indonesia, three of the world’s four most populated nations.“As the world’s leading… Source link

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Is ‘Iron Lady’ Dong Mingzhu’s Gree Electric facing an ownership shake-up? Air con giant plans partial stake transfer

Gree Electric Appliances, the air conditioner giant chaired by one of China’s best known and toughest businesswomen, said its state-owned controlling shareholder was planning a “partial stake transfer”, which could result in a change of the ownership structure.Gree Electric is controlled by the Zhuhai city government, which owns 100 per cent of the Gree Group. Gree Group was the biggest shareholder of Gree Electric with an 18.22 per cent stake as of the end of September.The company’s biggest… Source link

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Chinese dairy giant Mengniu in talks with Fifa about sponsoring World Cup 2022 in Qatar

China’s second biggest dairy producer said it is in talks with football’s governing body about sponsoring the World Cup in Qatar in 2022 as it strives to boost its brand and gain the edge over rivals.China Mengniu Dairy was an official sponsor of last year’s World Cup competition in Russia, investing 1 billion yuan (US$149 million), a move that greatly increased brand recognition and revenue, according to chief executive Lu Minfang.“Sports have always been our interest and we will continue with… Source link

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