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China’s Greater Bay Area still has hurdles to clear if it wants to be a tech challenger to Silicon Valley

The “Greater Bay Area”, touted as China’s answer to Silicon Valley, may serve as a symbol of China’s determination to match US technological might, but a shortage of top-notch talent and schools, along with the simmering trade war between the US and China, have clouded its prospects in the short term, according to analysts.Beijing wants this proposed integrated area, which links nine cities in Guangdong province – including Shenzhen and Guangzhou – with the Hong Kong and Macau special… Source link

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The biggest winners in Shenzhen, ‘China’s Silicon Valley’? Pig and chicken farmers

The big stock-market winners in Shenzhen aren’t artificial intelligence and semiconductor companies. They are farmers. Chicken breeders Shandong Xiantan and Shandong Minhe Animal Husbandry have climbed around 40 per cent this year through Tuesday, while pig farmer Muyuan Foodstuff is up 34 per cent. The Shenzhen Stock Exchange’s agriculture index has rallied more than any other subgauge in 2019, and is the only one to eke out a gain in the past three years as the city’s benchmark slid 22 per cent. Analysts attribute the more recent gains to the…

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Veggie ‘meat’ start-up backed by Nasa wins financing from tech moguls and Silicon Valley climate fund

A Chicago-based biotechnology company working with Nasa to develop a new form of plant-based protein fit for supporting space exploration has received US$33 million from venture capital firms, including an energy tech fund backed by Bill Gates, Jack Ma and Jeff Bezos. The funding will support the development and commercialisation of the animal protein alternative, according to Sustainable Bioproducts co-founder and chief executive Thomas Jonas. The climate-friendly protein is a product of research into extremophile organisms that live in Yellowstone National Park’s volcanic springs. “That work led to the development…

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Chinese-born brothers build billion dollar fortunes in Silicon Valley with network security software firm Fortinet

Cybersecurity has unlocked riches for Ken and Michael Xie. The Chinese-born brothers are now billionaires from their stakes in Fortinet Inc., the Silicon Valley-based network security software firm they co-founded almost two decades ago, according to the Bloomberg Billionaires Index. Spurred by high-profile data breaches and malware attacks, cybersecurity has become a growing priority for companies. Cloud-focused firms including Fortinet and Palo Alto Networks Inc. have benefited as businesses update their computer infrastructures, posing a threat to more established network software providers such as Cisco Systems Inc. and Juniper Networks…

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Singapore 

Spize owners wanted to relinquish River Valley business soon after fatal food poisoning incident, Singapore, Health News

SINGAPORE – Spize’s owners had decided that they would end the business at the River Valley outlet soon after a fatal food poisoning incident last month (November). Mr Haresh Sabnani, co-founder of the restaurant that has four outlets across Singapore, told The Straits Times on Friday morning (Dec 7) that the company had decided to sell a part of their business. He spoke to ST before a press conference on Friday where the National Environment Agency (NEA) said it has terminated the operating licences of Spize restaurant in River Valley…

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Singapore 

NEA terminates Spize restaurant’s River Valley outlet licences following fatal food poisoning outbreak, Singapore News

SINGAPORE – The National Environment Agency (NEA) has terminated the operating licences of Spize restaurant in River Valley Road with immediate effect, in view of the “egregious nature” of the food hygiene lapses it found following a fatal food poisoning incident on Nov 6. The agency will also be taking enforcement action against the restaurant for the lapses, including pressing charges in court, after it found an “unusually severe” Salmonella outbreak in its investigations into seven food poisoning incidents between Nov 6 and 9. A joint inspection on Nov 14…

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Singapore 

Spize Restaurant in River Valley suspended after 49 cases of gastroenteritis reported, Singapore News

SINGAPORE – At least 49 people have fallen ill with gastroenteritis after eating food prepared at Spize Restaurant, the National Environment Agency (NEA) said on Friday (Nov 9). Of the 49 cases, 21 were hospitalised. All of the affected individuals had consumed food that was prepared at Spize Restaurant’s River Valley Road outlet on Tuesday. The Ministry of Health (MOH), the Agri-Food & Veterinary Authority of Singapore (AVA) and NEA were first notified of the cases on Wednesday and conducted a joint inspection of the restaurant’s premises on the same day. During the…

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Ecommerce 

From supermarkets to super-apps, Southeast Asian tech start-ups are looking to China not Silicon Valley

It’s 11am on Sunday morning in the industrial area of Singapore’s Pasir Panjang district, and the sun is streaming through the floor-to-ceiling windows at Habitat, a technology-enabled supermarket concept by online grocery start-up Honestbee. Customers mill about the sprawling, 60,000 square feet store browsing multiple shelves of imported items and checking out the fresh produce on offer. Some gawk as overhead conveyor belts transport bags of packed groceries, ordered by online customers, across the store in preparation for delivery, as others gather around the automated checkout area (there are no…

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Lower Lea Valley: the next chapter of East London’s success story

[Sponsored Article] London is moving East. More than half the city’s population now lives east of Tower Bridge, as extensive redevelopment projects such as Canary Wharf and the Stratford Olympics regeneration have turned former industrial areas into some of the world’s most profitable real estate. This regeneration has now entered its next phase: developing the wider area between Stratford and Canary Wharf to establish the Lower Lea Valley as a world-class commercial and residential district surrounded by pristine nature. Now firmly established as London’s second major financial center, Canary Wharf…

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