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China pushing ahead with controversial corporate social credit rating system for 33 million firms

China is moving forward rapidly its plans for a controversial social credit rating system that will include 33 million companies, raising fears of reprisals among foreign firms as Beijing seeks to extend its control over the business environment in the country.The National Development and Reform Commission (NDRC) is pushing ahead with social credit-based supervision of all commercial entities from large firms to small, independently owned and operated business, prompting complaints over… Source link

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Singapore 

Singaporeans most embarrassed by their social media posts on drunken behaviour, offensive comments: Survey, Digital, Singapore News

Singaporeans are most embarrassed by their social media posts relating to actions such as drunken behaviour, kissing someone and sleeping somewhere they should not have been, and being photographed in their underwear, a new study has found. Cyber-security company McAfee on Wednesday (Sept 11) released the results of the study that narrowed down the top 10 kinds of posts Singaporeans found most embarrassing. This survey of 500 Singaporeans found that drunken behaviour, making offensive comments and wearing an embarrassing outfit were the top three kinds of posts that Singaporeans regretted…

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Social unrest won’t stop Hong Kong playing a key role in China’s belt and road strategy, say business leaders

Allan Zeman (second left), chairman of Lan Kwai Fong Group, Witman Hung (second right), principal liaison officer for Hong Kong at the Shenzhen Qianhai Authority and Tony Verb (right), co-founder and partner at GreaterBay Venture & Advisors, take part in a panel discussion titled ‘The competition conundrum’, at the South China Morning Post’s China Conference, on Wednesday. Photo: May Tse Source link

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China’s social media may hold lessons for Facebook in reducing pressure to chase ‘likes’

In China, the world of social media is no longer just about taking a snapshot and clicking the “post” button. It has become a stressful daily activity in the world’s most populous nation, as users spend more time online obsessing over the “likes” they get and what other people are posting.That has prompted the country’s giant platforms to rethink their efforts on driving user stickiness and check the potential damaging effect of excessive social media interaction. Both WeChat, the country’s… Source link

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Vietnam 

Social enterprises and sustainable development – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Experts share ideas on enhancing social enterprises. VNA/VNS Photo Thúy Hiền HÀ NỘI Việt Nam has issued policies to help the business sector to create social impact, however, these policies need to be accompanied by actions, an expert has said. The statement was made by Catherine Phương, United Nations Development Programme’s (UNDP)’s Assistant Country Director at a conference held in Hà Nội yesterday. The event aimed to support social enterprises and enhance the social responsibility of Vietnamese enterprises. At the same time, the conference hoped to spread information to organisations and individuals on…

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Vietnam 

Made-in-Việt Nam social network Lotus to debut – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Lotus is a social network centred around content developed and owned by Vietnamese people, said Nguyễn Thế Tân, VCCorp’s general director. — Photo nhipsongso.vn HÀ NỘI — VCCorp has announced that the pilot version of its ‘Lotus’ social network will officially be launched on September 16. The project has been developed by over 200 technical engineers at the firm, who are working in various fields of mobile applications, artificial intelligence (AI), and Big Data.  The social networking project was established, invested and implemented by VCCorp, with the participation of…

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Old problem of balancing individual rights with social good just as important with AI, says China governance expert

China has been pushing full-steam ahead with applications of artificial intelligence despite a rising chorus of concern in the West over surveillance and the potential for breaches of personal privacy.The central government sees it as an efficient means of better policing and managing a country of 1.4 billion people, using the ability of AI to gather and process vast amounts of data to solve a raft of social problems, such as petty crime and more equal access to quality healthcare and education… Source link

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Singapore 

7 social enterprises where you can do good while you shop in Singapore, Lifestyle, Singapore News

The reason the Great Singapore Workout never got taken seriously, other than the fact it looks ridiculous, is that Singapore already has a national sport-shopping. Think running a marathon is hard? Try walking through 42km worth of shopping mall floors or staying up to cart out your favourite item during some online flash sale. But even as Singaporeans spend their money with gleeful abandon, few stop to think about the larger impact of their actions on the world at large. To most, your money just goes to some corporation that…

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China’s social e-commerce sector to more than double to US$185 billion in sales by 2021

Social e-commerce has been growing exponentially in popularity among Chinese consumers for the past three years. Its GMV, or total volume of sales, is expected to keep growing at a fast pace to reach 1.3 trillion yuan (US$185 billion) this year and more than double to reach 2.86 trillion yuan in 2021, according to a report released by China Internet Watch (CIW).The sector saw its sudden surge two years ago when GMV grew 255.8 per cent to reach 626.85 billion yuan, up from 176.20 billion yuan a… Source link

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How Carrie Lam could end the Hong Kong turmoil in a single speech – with an amnesty for protesters and police, an independent inquiry and more social welfare

After skipping a press conference on Monday, Chief Executive Carrie Lam Cheng Yuet-ngor held a short one largely in Cantonese on Tuesday. It was an opportunity lost; she repeated previous mantras, as though the government has done no work despite being absent from public view. The government holds the solutions for peace in its hands but fiddles while Hong Kong continues to smoulder. No change from Government House means no change. Rich leaders blaming relatively impecunious protesters for… Source link

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