Vietnam 

MoMo leads in e-wallet market: poll – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Bá Diệp (L), executive vice chairman and founder of MoMo, received a certificate for the most popular electronic wallet in Việt Nam in 2019. Photo courtesy of the organiser HCM CITY – MoMo was voted the most popular electronic wallet in Việt Nam in 2019 in a poll conducted by Nhịp Cầu Đầu Tư (Investment Bridge) magazine. The results were based on statistics from 20 e-wallet developers and 1,190 votes from the magazine’s readers in the last five months. The voting was based on…

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Singapore 

Lady Gaga leads surge in women admitted to become Oscar voters, Singapore News

LOS ANGELES – Women accounted for half of the Hollywood royalty admitted to the Oscars-awarding film academy this year, it said on Monday (July 1), with Lady Gaga among those invited. The Academy of Motion Picture Arts and Sciences issues a single round of invitations annually, and has significantly boosted its female and ethnic minority intake in recent times due to criticism over its mainly white, male membership. The board of governors three years ago vowed to double the number of women and non-white members by 2020, following calls to boycott…

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Home 

Hong Kong stocks’ widening discounts leads to increased buying from mainland traders

Hong Kong stocks now have a potential price catalyst: a widening discount to shares on the Chinese mainland’s exchanges.Shares of mainland companies that have dual listings were now trading at the most expensive level relative to their stocks in the city in 15 months, according to a gauge compiled by Hang Seng Bank that tracks the price discrepancy between the two markets. The widening gap has already attracted mainland traders, who have been loading up on the cheaper stocks through the… Source link

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China 

French retail giant Carrefour leads retreat from China as ‘underdog’ hypermarkets lose dominance

Hypermarkets, hailed as game changers in China’s retail industry as recently as two decades ago, have been pushed aside by the popularity of smartphone-enabled payments and online shopping.Carrefour, the French retailer announced on Sunday, is selling an 80 per cent stake in its China operations to Suning, ceding control in a market that it had first entered in 1995.“Foreign hypermarket brands are increasingly facing difficulties in making money from their Chinese businesses,” said Jason Yu,… Source link

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Home 

Crowdfunding for charity: why mainland China leads Hong Kong in online giving

Online giving is changing charity in Asia. Crowdfunding, especially, changes the way the social sector operates, and its reach is growing rapidly. Nowhere is this more true than in mainland China, where crowdfunding has skyrocketed in recent years. According to the Ministry of Civil Affairs, in 2018, of the 8.46 billion yuan (US$1.22 billion) in donations made to charitable organisations, 3.17 billion yuan went to the 20 outline platforms available on the mainland. This is a 26.8 per cent… Source link

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Home 

China’s rust belt starting to shine with new economy firms, but the prosperous south still leads the way

The northeast rust belt, once the pride and birthplace of China’s industrial development, is in its biggest economic slump as it struggles to shake off a deep-rooted planned economic mindset and dwindling resources, and a brain drain to regain competitiveness. This is the fourth article of a five-part series that looks at whether the new economy can buffer the downturn in traditional rust belt industries.In the four years since it was established, automated flight control system developer… Source link

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Home 

The US economy still leads the pack, but not for long as spectre of trade war with China recedes

This time last year, economic divergence characterised the global landscape. The world’s economies and central banks looked to be on very different paths, especially when it came to the US versus the rest of the world. This year, economic divergence was meant to fade, along with the idea that the US economy is exceptional.So how come the US still looks to be out in front while the rest of the world gets back up on shaky legs?In the first three months of the year, the US economy expanded at a……

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Vietnam 

MPOS mobile card payment leads the growth of payment channels in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The amount of MPOS payment points accounted for 9 per cent in the card acceptance network nationwide. — Photo tapchitaichinh.vn HÀ NỘI — 2018 was the year witnessing the outstanding development of the new payment method via mPOS device. There was 27,500 places accepting payment via mPOS, posting 99 per cent year-on-year increase, according to the Việt Nam Bank Card Association (VNBA). The amount of MPOS payment points accounted for 9 per cent in the card acceptance network nationwide. Data from the VNBA’s annual report in 2018 also showed that…

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Singapore 

Born without arms, para-cyclist leads 270km ride from Malacca to Singapore, Singapore News

He was born without full arms but has never seen his disability as a hurdle. Mr Jagwinder Singh is a competitive cyclist and rides 50km to 80km a day. His wish? To one day win the Paralympics gold for India. Hailing from a small village called Pattran, near Patiala in Punjab, Mr Singh was 14 when he learnt to cycle. His parents bought a bicycle for his sister and watching her cycle inspired him to learn cycling. “Everyone said it would be impossible to ride without my arms, but I…

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Home 

Huawei leads Asian domination of UN patent applications in 2018

Huawei Technologies, the world’s largest telecommunications equipment supplier, led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organisation (WIPO) last year, the UN body said on Tuesday.Shenzhen-based Huawei, which has been under pressure since the United States demanded its allies bar Chinese vendors from taking part in building 5G mobile networks because of national security concerns, made 5,405 patent… Source link

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