China 

China struggling with slow progress on high-speed rail network expansion due to local financing problems

Zong Zifa, a 67-year-old Chinese peasant who has worked the land his entire life, likes to stand at the eastern end of his village to check the progress of a new high-speed railway train station under construction. He and many of his fellow villagers hope that the station, on a plot of land where he used to tend to peach and walnut trees, will be the gateway for the otherwise sleepy village to connect with the country’s rapid development.But “construction is slow … probably because of the… Source link

Read More
Home 

China’s high-speed rail network has been low speed in adoption – but that’s set to change

China’s expensive and underused high-speed rail network is beginning to see the light at the end of the tunnel.It can thank rapid urbanisation, growing wanderlust and rising incomes, which are combining to put success of the world’s largest high-speed rail network on track, experts say.“In our view, urbanisation and changes in travel behaviour make it a necessity to have even more rail infrastructure in place,” Lesley Liu, infrastructure and industrial research analyst at HSBC, wrote in a… Source link

Read More
Vietnam 

HCM City to set up pilot 5G network – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    HCM City plans to install pilot 5G network satellite stations in the third quarter in selected districts.—VNA/VNS Photo HCM CITY— The Military Industry-Telecoms Group Viettel and MobiFone will provide a pilot 5G network in HCM City at 10 locations near Viettel’s building in District 10, and at 12 MobiFone’s locations in district 1 and 7. Ngô Vĩnh Quý, deputy director of Viettel, said the company would kick off the pilot in the early third quarter. The company and the city will work together to identify the number and locations of satellite stations operating in a frequency band range from 3,400 to 3,800…

Read More
Home 

ZTE secures more than 25 commercial 5G network contracts as it steps up turnaround efforts

ZTE Corp, the world’s fourth largest telecommunications equipment supplier, said it has secured more than 25 commercial 5G network contracts to date, as the company moves to turn around its business this year after being on the brink of collapse because of US-imposed sanctions last year.Shenzhen-based ZTE also indicated that more deals are in the works, based on its 5G partnership commitments with more than 60 telecoms network operators around the world, according to a press release from the… Source link

Read More
Home 

Gaming company Razer to expand payments network to 54 million merchants via tie-up with Visa

Gaming hardware company Razer is expanding its payments network through a partnership with Visa, which will allow Razer’s e-wallet users to pay at 54 million Visa merchants globally.Without the need for a bank account or a credit card, up to 60 million users of Razer’s online payments service, Razer Pay, will be able to use the newly-developed virtual prepaid solution by Visa in their e-wallet to make payments wherever Visa is accepted, according to an announcement by Razer’s fintech arm and… Source link

Read More
Home 

China’s virtual reality market set to expand, driven by increased policy support, 5G network roll-out

China’s virtual reality (VR) market is forecast to expand to 54.45 billion yuan (US$7.9 billion) by 2021, fuelled by increased policy support from Beijing, according to the industry regulator, as advanced 5G mobile networks are rolled out across the country.“The compound annual growth rate of the VR market is expected to reach 91.2 per cent,” said Wu Shengwu, deputy head for the electronic information division of the Ministry of Industry and Information Technology (MIIT), at a press conference… Source link

Read More
Vietnam 

VN’s first social tourism network launched – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The online travel agent Hahalolo launched its first social travel network on Monday. —  VNA/VNS Photo  HÀ NỘI — Việt Nam’s online travel agent and start-up Hahalolo launched its first social travel site in HCM City on Monday. The site, also an e-commerce platform, enables users to interact online, connecting travel agents, tour operators and retailers with their customers. It operates on the website www.hahalolo.com and mobile app Hahalolo, which is available on iOS and Android operation systems. New technologies will be updated to provide features that meet users’ demands.…

Read More
Home 

China awards 5G licences to country’s major telecoms network operators and cable network giant

China’s Ministry of Industry and Information Technology (MIIT) on Thursday granted commercial 5G licences to the country’s three telecommunications network operators and the nation’s cable network giant, signalling major new investments in the world’s largest mobile market amid a raging tech war with the United States.Hong Kong-listed carriers China Mobile, China Unicom and China Telecom, as well as China Broadcasting Network, were each awarded a licence to run commercial 5G services, according… Source link

Read More
Home 

Philanthropy recipients seek to draw a distance with Hong Kong’s alleged fraud mastermind and key figure of Enigma Network

Roy Cho Kwai-chee, the alleged mastermind in one of Hong Kong’s largest financial fraud investigations, appears to be a persona non grata as far as the recipients of his philanthropy are concerned.The Education University of Hong Kong, which named the main administration building after him on the back of a HK$25 million donation (US$3.2 million) in 2016, is trying to remove his name, according to two sources familiar with the matter.The nearly 9,000 students and staff at the university, which… Source link

Read More
Home 

Swiss watchmaker Omega defies e-commerce boom by expanding physical stores network in China

At a time most retailers are turning to digital channels to stay competitive, one Swiss luxury watchmaker is doing things differently.Omega is sticking with good old-fashioned physical shops to underpin its expansion in China even as e-commerce takes the industry by storm.“Sometimes [luxury shopping] is about waiting and longing for the product and experiencing the build-up of emotions as you personally visit the store and touch the product itself,” said Raynald Aeschlimann, president and CEO… Source link

Read More