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Chinese electric carmaker Xpeng the latest to jump into ride-hailing despite ongoing losses at market leader Didi

Chinese electric vehicle start-up Xpeng Motors is making a foray into the country’s ride-hailing market, a move that will intensify competition in a business that has yet to deliver profits for industry giants Didi Chuxing and Uber.Alibaba-backed Xpeng, which received a ride-hailing operation licence from Guangzhou authorities on Monday, could start trial services as early as this month, according to people familiar with the matter.“It will be an important component to Xpeng’s ecosystem, with… Source link

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Vietnam 

City leader urges resumption of delayed projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Thủ Thiêm New Urban Area in HCM City. City authorities have urged agencies to speed the implementation of a number of long-delayed investment projects, mostly property projects, including Thủ Thiêm New Urban Area. VNA/VNS Photo Quang Nhựt    HCM CITY — The chairman of HCM City People’s Committee Nguyễn Thành Phong has urged agencies to speed up implementation of a number of investment projects, mostly property projects that have been delayed for long periods.    Speaking yesterday at a meeting reviewing the city’s socio-economic development in the first four months of the year,…

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Singapore 

Court dismisses appeal by youth gang leader who raped teen, Singapore News

SINGAPORE – The former leader of a youth gang, who was sentenced to 28 years’ jail and 24 strokes of the cane last year for raping a teenage girl, started serving his prison term on Wednesday (May 8) after the Court of Appeal dismissed his appeal against conviction. During his appeal, the lawyer acting for Koh Rong Guang, 26, pointed to inconsistencies in the victim’s account, including the number of times she was raped, to argue that the conviction should be overturned. However, the apex court found that there was…

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Vietnam 

Tech key to position VN as a manufacturing leader – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Wooden furniture produced at the Quảng Ngãi Province-based Hoàn Vũ JSC to export to Sweden, the US and Germany. — VNA/VNS Photo Vũ Sinh HÀ NỘI – Vietnamese firms should hasten technological development to position the country as a global manufacturing centre, Swedish experts said at a seminar on Tuesday. According to Jennie Cato from the Swedish Association for Engineering Industries, technology had progressed and offered a broad range of advantages for the world’s socio-economic development. In Sweden, at least 50 billion krona (about US$5.2 billion) was spent each year for 2010-17 on technology research and development (R&D), making…

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Vietnam 

Government leader requests steps to develop automobile manufacturing – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An automobile manufacturing line of the Trường Hải Automobile Joint-Stock Company at the Chu Lai-Trường Hải Industrial Complex in the central province of Quảng Nam. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Prime Minister Nguyễn Xuân Phúc requested that ministries, sectors and localities adjust their policies to speed the development of the automobile and support industries. In a report recently released by the Government Office – based on the proposals of the northern province of Ninh Bình, an automobile manufacturing hub – PM Phúc asked the ministries of Trade and Industry, and…

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Vietnam 

NA leader lauds model port operator on 30th anniversary – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY      National Assembly Chairwoman Nguyễn Thị Kim Ngân lauded efforts and achievements by the Sai Gon Newport Corporation (SNP) over the past three decades when attending its 30th traditional day yesterday. A defence-security enterprise of the Vietnam People’s Navy, the corporation contributed to implementing the Vietnam Maritime Strategy, fulfilled its role of serving as a logistics base and military port, and built military facilities in border and island areas. Notably, in March 2018, it put into operation the Cam Ranh International Port – the largest logistics…

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Vietnam 

Deputy PM receives leader of Japanese bank – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Vietnamese Government would continue to create a favourable business environment to encourage foreign investors, including those from Japan, to do long-term business in Việt Nam, said Deputy Prime Minister Trịnh Đình Dũng.  The Deputy PM made the statement during a reception for Masaaki Yamada, the managing executive officer and global head of the Energy and Natural Resources Finance Group at the Japan Bank for International Co-operation (JBIC) in Hà Nội on Thursday, during which he expressed his joy at the fruitful development of the Việt Nam-Japan relations.  Dũng…

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Hong Kong banks must step up cybersecurity, protect customers’ data as online scams multiply, warns industry leader

Hong Kong’s banks must step up their efforts to combat cybercrime and protect customers’ data amid a dramatic rise in online attacks, one of the city’s most senior banking executives has warned. Mary Huen Wai-yi, chairwoman of the Hong Kong Association of Banks (HKAB), said that as lenders have rolled out more digital banking services allowing customers to conduct transactions on their computers or smartphones, so the risks have multiplied. Her concerns are supported by figures from the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, which…

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China’s ride-hailing leader Didi Chuxing seen overhauling its operations to enhance safety amid lay-off reports

Didi Chuxing, China’s largest ride-hailing platform, has undertaken a “major overhaul” of its operations to enhance safety and efficiency as the company seeks to regain public confidence rocked by two passenger deaths last year. The Bejing-based ride-hailing company is reorganizing its workforce to shore up safety and efficiency and is deploying more safety experts and driver-engagement specialists through new hiring and internal transfers, according to a person close to the company. A project code-named “waterflow” is designed to enable employees to switch posts amid the restructuring, according to the person,…

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Singapore 

Ex-church leader Chew Eng Han jailed for 13 months over failed bid to leave Singapore illegally, Singapore News

SINGAPORE – Former City Harvest Church (CHC) leader Chew Eng Han was sentenced on Tuesday (Jan 29) to 13 months’ jail after attempting to leave Singapore unlawfully. He will serve it after completing his earlier sentence of three years and four months’ jail for his role in the misuse of church funds. Chew, 58, was convicted in December last year of attempting to leave Singapore illegally from an unauthorised point of departure. District Judge Victor Yeo also found him guilty of attempting to defeat the course of justice by boarding…

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