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Macau junket operator Suncity vows to stop extending online betting to mainland China after expose by state media drew heat

Suncity Group Holdings, Macau’s biggest operator of junkets for high roller gamblers, vowed to rein in its online gaming and proxy betting operations in mainland China, days after an expose in Chinese state media accused the company of disrupting China’s financial order.The junket operator of Macau, the only Chinese territory where gambling is legal, had facilitated Chinese gamblers to bet through online casinos in The Philippines and Cambodia, using underground banks to move capital out of the… Source link

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Singapore 

Singapore ‘poor’, ‘less developed’ and ‘very dangerous’: Online comment riles internet, Singapore News

Singapore is a lot of things. Small, check. Green, check. Hot and wet, usually. Kiasu, definitely. But words such as “poor”, “less developed” and “very dangerous” cannot be further from the truth, regardless of how wholeheartedly you believe in them. An answer to a question on Quora from May 2018 has been dug up by cyber sleuths for its baffling negligence of facts. The question posed: “Where can I get a piercing in Singapore without a parent’s consent needed? I’m under 16.” And the response that caught many people’s attention…

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China’s outlet mall boom is proving immune to the online shopping threat, and more investment funds are taking a look

Designer outlet malls, which enable brands to sell stock directly to the public through factory outlets, have continued to see strong growth in sales throughout Asia-Pacific, bucking the downturn that has affected other brick and mortar retailers during the e-commerce boom. The gains have been particularly noticeable in China, where a building boom has led to a doubling of outlet malls in the last two years. China has 110 outlet malls nationwide, or about 45 per cent of the 244 such malls… Source link

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Vietnam 

VN businesses urged to trade via online platforms with Norway – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Việt Nam should take advantage of e-commerce in trade with Norway, experts have urged. – VNS Photo Việt Dũng HCM CITY – More Vietnamese businesses should seek trade with Norwegian businesses via e-commerce, experts said at a conference held in HCM City yesterday (June 28). “Norway is an important trade partner of Việt Nam in northern Europe,” Võ Tân Thành, deputy chairman of Việt Nam Chamber of Commerce and Industry (VCCI), said. The negotiation of free trade agreements between Việt Nam and the European Free Trade Association is expected to boost investment among…

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Singapore 

Online article on digital currency trading passing off as ST report is fake, Digital, Singapore News

SINGAPORE – A fake news article on digital currency trading passing off as a report by The Straits Times has been making its round online. The page, which mirrors ST’s website, displays a story about local TV actor Shaun Chen ending his career to focus on trading in digital currencies. It includes ST’s logo and the section tabs found on the authentic website. Clicking on any of the tabs on the fake webpage leads the user to pages with various clickbait articles and advertisements. Facebook user Keith Lim alerted ST…

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Singapore 

Online scam victims here typically fall for fake listings of AirPods and Nintendo Switch sets, Digital, Singapore News

Online purchase scams continue to be a prevalent worry here, noted the Singapore Police Force (SPF), and gizmo enthusiasts might be falling hard for them.  In an advisory issued this morning, the authorities revealed that there have been at least 445 reports (and counting) lodged between January and May this year over e-commerce scams involving mobile phones and electronic gadgets. Namely Apple AirPods, Nintendo Switch consoles, and Samsung smartphones.  The scam involves victims making payments for false offers made on online marketplaces and e-commerce platforms before the fake vendors go…

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Singapore 

62-year-old woman oldest to self-radicalise online, says expert, Singapore News

A 62-year-old woman is among three Singaporeans facing restrictions for terror-related offences and support for Islamic State, in a reflection of how the extremist group’s online radicalisation effort is continuing despite the crumbling of its so-called caliphate in Syria. Production technician Rasidah Mazlan, 62, was in contact with multiple foreign entities suspected of involvement in terrorism-related activities, including supporters of Isis, according to a Tuesday statement from Singapore’s Ministry of Home Affairs. “Investigations showed that Rasidah’s contacts with these individuals were mainly driven by her deep sympathy for Muslims suffering…

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Ecommerce 

Online used car dealer Renrenche said to cut 60 per cent of staff as China’s tech boom cools amid trade war

Renrenche, the Chinese online second-hand car dealer backed by Tencent and ride-hailing giant Didi Chuxing, is undergoing major job cuts as the country’s once booming tech sector continues to be hit by a macro economic slowdown.The lay-offs – the Beijing-based start-up’s second round of cuts this year – could see a reduction of up to 60 per cent of total staff, reported online news portal Sina.com, citing a dismissed employee who was told about the overall plan at a meeting with the human… Source link

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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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Ecommerce 

Can you trust TripAdvisor, or does ‘wisdom of crowds’ theory fail when applied to online review sites?

It is fashionable now to think that if you take a large number of opinions on a topic and average them out, the result will better reflect the truth than any single opinion. This idea is often referred to as the wisdom of crowds, and it is particularly popular with supporters of websites that are driven by customer reviews. The idea of the wisdom of crowds was popularised by New Yorker finance writer James Surowiecki in his 2004 book of the same name, but it was conceived a century earlier,…

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