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JD.com pushes further into smart cities, offering social credit and AI-powered tools to local governments in China

JD.com has launched a big data-powered service to give social credit scores to individuals, businesses and potential investors for local governments in China, as the e-commerce company ventures further into the smart cities space.Unveiling a new brand, JD iCity, the Beijing-based company said on Thursday that it wants to double down on the intelligent city business by providing big data and artificial intelligence-powered tools to local governments. The services can be used to build social… Source link

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Vietnam 

Hà Nội proposes tightened management of social network businesses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Hà Nội Market Management Department has said businesses operating on social networks such as Facebook, Zalo and Viber should be under stricter management. — Photo vietbao.vn Viet Nam News HÀ NỘI — The Hà Nội Market Management Department has said businesses operating on social networks such as Facebook, Zalo and Viber should be under the same management as e-commerce websites. E-commerce websites that violate regulations may be shut down under the law and have their domain names revoked. In addition, there should be close co-ordination between…

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Vietnam 

Social enterprises in need of more support – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Detailed support policies are needed to help develop social enterprises, experts have said. Nguyễn Thị Minh Thảo, head of Business Environment and Competitiveness Research Department under the Central Institute for Economic Management (CIEM), said that Việt Nam had a number of support policies for social enterprises. However, most were too general and it was difficult for social enterprises to benefit from them. “There are already support policies. But they must be made more detailed,” Thảo stressed. She pointed the six…

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Vietnam 

HCM City faces social housing shortage – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — HCM City has a surplus of houses for relocated residents, but severely lacks social housing. Trần Vĩnh Tuyến, vice chairman of the city’s People’s Committee, said the city has a surplus of 7,000 houses in urban areas and resettlement areas in districts 2, 7 and Bình Chánh for people who need to be relocated.   The city is planning to put them up for auction and use the money for purposes such as infrastructure investment. Many resettlement apartments in the city…

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Vietnam 

Social housing lending rate proposed to be lowered – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The HCM City Real Estate Association proposes social housing lending rates at 3-3.5 per cent. — Photo tinnhanhchungkhoan.vn Viet Nam News HÀ NỘI — The HCM City Real Estate Association has proposed social housing lending rates be lowered to 3-3.5 per year to create favourable conditions for low-income earners to afford homes. This was highlighted in the association’s document recently submitted to the Government about its recommendations for completing social housing policies as Việt Nam was developing a project on the 2021-30 comprehensive social housing policy in Việt…

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China’s social credit system report shows that richest provinces are home to the most dodgy firms

China’s wealthiest regions also have the largest number of untrustworthy businesses, according to the government’s social credit system, which rates citizens and companies based on their behaviour. Jiangsu, the country’s second largest provincial economy – 9.26 trillion yuan (US$1.37 trillion) – accounted for 16.7 per cent of the discredited businesses that were added to the national blacklist last year, more than any other region. According to a report compiled by the National Public Credit… Source link

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Rivalry between Chinese social media giants intensifies as ByteDance’s Douyin follows Tencent with mini game

Douyin, the viral short video app run by ByteDance, has launched its first mini game, built on top of a new feature allowing users to play games inside the app without having to download them separately.The move will intensify social media rivalry between ByteDance and Tencent Holdings, China’s biggest games publisher, as mini games are added to apps in the battle to win over a bigger share of the country’s mercurial millennials.Mini games were pioneered by Tencent’s WeChat, China’s answer to… Source link

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A pedestrian-friendly approach could transform key urban areas into vibrant social and retail hubs

Hong Kong’s retail landscape is in danger of falling behind, as millennial and Generation Z consumers, who continue to influence the future of retail by setting new benchmarks for the industry, demand digitally-engaging, entertaining and shareworthy experiences. I believe a fundamental mindset shift is needed to deliver these experiences and secure Hong Kong’s retail competitiveness moving forward. To reinvigorate retail, the answer could lie in addressing one of the city’s major challenges: a… Source link

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China 

China’s social credit system shows its teeth, banning millions from taking flights, trains

Millions of Chinese individuals and businesses have been labelled as untrustworthy on an official blacklist banning them from any number of activities, including accessing financial markets or travelling by air or train, as the use of the government’s social credit system accelerates.The annual blacklist is part of a broader effort to boost “trustworthiness” in Chinese society and is an extension of China’s social credit system, which is expected to give each of its 1.4 billion citizens a… Source link

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Vietnam 

Firms investing abroad urged to pay attention to corporate social responsibility – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese firms should focus on environmental protection and corporate social responsibility when investing abroad to develop sustainably and promote the socio-economic development of their host countries, experts have urged. The existing legal system does not clearly state the corporate responsibility of overseas projects operated by Vietnamese firms. However, firms cannot ignore corporate responsibility if they want their projects to develop and bring long-term economic benefits. According to Phạm Quang Tú from Oxfam Việt Nam, when investing abroad, Vietnamese firms must clearly…

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