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Who’s afraid of Huawei? Where Asia stands on China’s 5G tech giant

While much of Southeast Asia has embraced Huawei as the preferred provider of 5G communications equipment, Japan and South Korea seem to be hedging their bets, and India’s implementation of the technology is still a long way off.JAPANJapan has found itself at odds with its larger neighbour in recent months over whose equipment will lay the groundwork for the country’s roll-out of 5G – the fifth generation of mobile communications technology that has been lauded for its potential to reshape… Source link

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Hà Nội helps bring farmers into 21st century with tech – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A worker tends to orchids in a greenhouse at a farm in Hà Nội. The greenhouse is equipped with automatic watering and temperature control systems to boost production. — Photo Courtesy of the Hà Nội Department of Agriculture and Rural Development     HÀ NỘI — Nguyễn Đức Dần, chairman of the Ba Trại Commune People’s Committee, cannot hide his happiness as he discusses his community’s strides in tea production. Dần said tea production has been rising, boosting the incomes of local…

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China’s young rich tech entrepreneurs take off into private jet rentals, ditching the status symbol of ownership

Chinese entrepreneurs used to see owning a private jet as the ultimate symbol of success. Now, young Chinese tech executives increasingly prefer to rent.Ian Moore, an executive with VistaJet which offers rental packages by the hour, said the change he is seeing is being propelled by convenience, savings and increased scrutiny of expenses by investors.“In Asia, the private aviation market is still new, said Moore, VistaJet’s chief commercial officer who is also a director of its UK subsidiary. … Source link

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China tech money headed to Europe as US tensions remain high in first quarter

Chinese technology companies are increasingly turning their eyes to Europe for investment and deals as US regulators are seen as a “major hurdle” to technology-driven transactions, according to a new report from GP Bullhound, a technology advisory and investment firm.The report found outbound deal volumes by Chinese technology investors into Europe increased 25 per cent in the first quarter when compared with the fourth quarter, according to the firm’s Asian Insights Q1 2019 report.Deal flow… Source link

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US and China’s mutual distrust is hampering tech innovation, experts fear

Despite competing intensely for tech domination, a US-China alliance on cutting-edge advancements would benefit both nations, their intertwined economies and the world, leading venture capitalist and tech researchers say.“I don’t see how the two countries can stop collaborating. It’s like we can’t just create two completely different worlds,” Gary Rieschel, founding managing partner of Qiming Venture Partners, told the South China Morning Post. “But the challenge is we have a very low level of… Source link

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Tencent shares rise after game is approved, but tech giant can’t keep Hong Kong gauge from slipping below 30,000 mark

Hong Kong and mainland China stocks on Thursday recorded their biggest daily declines since March 25, defying a rise in inflation to safer levels in China amid continued concerns about global growth.On the mainland, the Shanghai Composite Index extended losses through the day to end down 1.6 per cent at 3,189.96, while the CSI 300 Index of large caps listed in Shanghai and Shenzhen shed 2.16 per cent to 2,997.58.In Hong Kong, the Hang Seng Index closed below the 30,000 mark, which it had been… Source link

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China recognises 13 new tech jobs including AI developers, e-sports players and drone pilots

China’s government has recognised over two dozen new jobs as official professions, signalling the country’s intent to develop talent in a wide range of tech sectors from artificial intelligence (AI) to the Internet of Things to e-sports.The Ministry of Human Resources and Social Security on Wednesday published a list of 13 new job titles that include professional gamers, drone pilots, robotics operators and software engineers in areas like AI, the Internet of Things (IoT), big data and cloud… Source link

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Chinese tech faces an innovation reality check as the economy cools and start-ups stumble

The slowing Chinese economy may be claiming some unexpected victims: without its robust engine, many tech start-ups relying on China’s fast growth for success are being cast out.Despite healthy capitalisation, investors are finding that some companies’ underlying technologies may not be as innovative as hoped. And even after a banner year for venture capital funding in 2018, some investors predict that as many as 90 per cent of Chinese tech start-ups are doomed to fail.“The market is going… Source link

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Eight more companies given go-ahead to list on Shanghai’s new tech board

The Shanghai Stock Exchange on Wednesday accepted another eight initial public offering (IPO) applications from companies aiming to list on its upcoming Technology Innovation Board. The board, ordered by Chinese President Xi Jinping, is expected to launch mid 2019.The eight companies, which include Shenzhen Chipscreen Biosciences, ArcSoft, a software firm in the computer vision industry, and Twenty First Century Aerospace Technology, follow on the heels of a first group of nine IPO applicants,… Source link

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Shanghai approves IPO applications by nine pioneers on Nasdaq-style tech board

Shanghai’s upcoming Technology Innovation Board on Friday green lit the initial public offering applications of nine technology companies. The board, ordered by Chinese President Xi Jinping in November, began accepting listing documents on Monday and allowed the firms to proceed with their application process after a five-day review process. The board, a Nasdaq-style market, also started a countdown to its trading debut, with regulators expecting to launch it in mid-2019. The companies given… Source link

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