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Xiaomi founder Lei Jun to have his third listed company with Kingsoft Office set for new Shanghai tech board

Lei Jun, the founder of Chinese smartphone maker Xiaomi, will soon have a third listed company under his belt after his office software firm Kingsoft Office moved a step closer to trading shares on China’s newly launched technology innovation board in Shanghai.Beijing Kingsoft Office Software’s response to an inquiry from the Shanghai Stock Exchange on its listing application has been updated, according to information published on Monday by the Sci-Tech Innovation Board, known as the STAR… Source link

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Money 

With China’s economy set to slow what hope is there for struggling cities?

Baotou Donghe Airport was eerily quiet on an early July evening. In the departure hall staff outnumbered passengers and there were no queues at the security checkpoints, even though the information boards showed there were at least three flights due to take-off that evening.All of the shops and convenience stores were open but there were few customers. Of the 10 boarding gates at the terminal, only one was in use.“Welcome to Baotou, where you never have to wait in line at an airport security… Source link

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Global 

Singapore’s economy shrinks as US-China row hits global trade … and it’s set to get worse, analysts say

Singapore’s economy unexpectedly contracted in the second quarter as exports continued to plunge amid a worsening global economy.Gross domestic product in the trade-reliant city state declined an annualised 3.4 per cent in the quarter compared with the first three months of the year. That compared with growth of 3.8 per cent in the first quarter and 0.5 per cent expansion forecast in a Bloomberg survey of economists.Singapore’s heavy reliance on trade and its complicated integration in regional… Source link

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Property 

Developers set to unleash 817 flats in the biggest weekend sale since extradition bill protests rocked Hong Kong

Property sales are back in full swing. Six developers are selling 817 units, including Hong Kong’s smallest flat, in the biggest weekend sale since protests against the controversial extradition bill started in early June.Louis Chan, vice-chairman of Asia-Pacific and chief executive of residential division at Centaline Property Agency, said market sentiment has improved as tensions have eased between the US and China after the G20 summit and anticipation that possible interest rate cuts by the… Source link

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Vietnam 

Cement sector looks set to continue growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  This year, the cement industry has targeted exporting about 25 million tonnes of cement and selling 69 to 70 million tonnes in the domestic market. Photo tinnhanhchungkhoan.vn HÀ NỘI The prospects of cement enterprises in the second half of the year will continue to improve, especially during the construction season at the end of the year, according to Chairman of the Vietnam Cement Association (VNCA) Nguyễn Quang Cung. According to analysis by financial data and business information provider FiinGroup, the production capacity of Việt Nam’s cement industry is expected to increase sharply thanks to the strong expansion of local…

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Singapore 

Threeppy: Daiso’s new $5.80 shop in Funan mall looks set to give Miniso a run for its money, Lifestyle, Singapore News

It even has a cute tagline, “300 and happy”, hence, Threeppy. We’re guessing it alludes to how in Japan, Threeppy sells items priced at 300yen each, which is less than $4.  The brand is hoping to attract family shoppers in Singapore, according to NNA Business News report, with women in their 20s to 40s as their main target group. Daiso currently has 22 Threeppy shops in Japan and plans to add 30 stores every year. We personally have not stepped into a Threeppy store in Japan, but from the products captured on its official…

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Money 

Taiwan tech firms set to join exodus from China amid trade war, says Citibank research

A 25 per cent tariff will largely wipe out cost advantages of Taiwanese tech firms on the mainland, accelerating their exodus from China and lead to as many three million job losses, a Citibank study predicted on Thursday.“Taiwan firms’ exports account for at least 10 per cent of total Chinese exports, and 37 Taiwanese firms operating in China are in the top 100 exporters’ list to US,” the report said, adding that because of rapidly rising wages and other costs, labour intensive industries have… Source link

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Singapore 

SAF to set up counter-terror centre, Singapore News

Due to open by year-end, it will manage counter-terrorism ops; SAF also ramping up defence against cyber attacks, says Ng Eng Hen While the Singapore Armed Forces (SAF) has done well in building a modern military to defend Singapore’s interests, it cannot afford complacency or hubris. Highlighting this last Friday ahead of SAF Day today, Defence Minister Ng Eng Hen said the SAF is facing its challenges squarely, but he also warned that it must guard against being too rigid in its thinking or risk getting caught by surprises. Focusing…

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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

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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…

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