Alibaba, JD.com, Pinduoduo help revive sales of farm goods from Hubei after coronavirus lockdown

https://ift.tt/eA8V8J China’s biggest e-commerce services providers, Alibaba Group Holding, JD.com and Pinduoduo, are pushing separate initiatives to help revive sales of farm goods from Hubei, as the province hardest hit by the coronavirus crisis emerges from its months-long lockdown.“Hubei has made great sacrifices and contributions to the fight against the epidemic nationwide,” said Hou Yi, […]

Alibaba’s Lazada briefly stops new grocery orders in Singapore

https://ift.tt/eA8V8J Singapore’s government urged residents to consider ordering their groceries online rather than going to the shops. That just became tougher.Alibaba Group Holding’s Lazada Group, Southeast Asia’s leading e-commerce services provider, is temporarily suspending new grocery orders in Singapore after strict physical distancing measures and rising coronavirus cases triggered a surge in orders. Alibaba is […]

China’s mobile payments to see rebound as offline vendors reopen after coronavirus lockdowns

https://ift.tt/eA8V8J Home quarantine policies to curb the spread of Covid-19 in China have been a boon for most digital services, including remote work apps, e-learning and mobile gaming, but one online technology has not fared so well: mobile payments.The problem started during Chinese Lunar New Year holiday in January, when most Chinese stayed at home […]

Pinduoduo raises US$1.1 billion in private placement to fund new services such as live-streaming

https://ift.tt/eA8V8J Chinese e-commerce platform Pinduoduo has raised US$1.1 billion in a private share placement that could fund its expansion despite current market volatility, the company announced on Tuesday.The transaction for the newly issued Class A ordinary shares, which represent about 2.8 per cent of the company’s total outstanding shares, is expected to be closed with […]

Local governments in China issue free digital coupons to stimulate consumption amid coronavirus pandemic

https://ift.tt/eA8V8J Local governments in China are distributing free digital coupons on mobile payment platforms like Alipay and WeChat Pay to help stimulate domestic consumption as the coronavirus pandemic hammers the world’s second-largest economy.On Sunday, Jiaxing city in Zhengjiang province, announced that it would issue 200 million yuan (US$28.2 million) worth of digital consumer coupons to […]

Pinduoduo to help New York’s Met Museum and others turn to live streaming and online gift sales

https://ift.tt/eA8V8J As the coronavirus pandemic continues to ricochet around the world, closing cities and slamming entire sectors of the economy, museums are turning to live streaming in an effort reach the public and avoid catastrophic losses.China’s third-largest e-commerce player Pinduoduo said it is working with New York’s Metropolitan Museum of Art and six other Chinese […]

Pinduoduo to help New York’s Met Museum and others turn to live streaming and online gift sales

https://ift.tt/eA8V8J As the coronavirus pandemic continues to ricochet around the world, closing cities and slamming entire sectors of the economy, museums are turning to live streaming in an effort reach the public and avoid catastrophic losses.China’s third-largest e-commerce player Pinduoduo said it is working with New York’s Metropolitan Museum of Art and six other Chinese […]

China’s mental health counsellors reach out online to help those affected by coronavirus pandemic

https://ift.tt/eA8V8J Three days after Chinese authorities ordered the Wuhan lockdown in late January, Shanghai-based psychological adviser KnowYourself made its online consultation service free for Covid-19 patients, medical workers and people suffering mental problems amid the unfolding health crisis.The company brought together a team of over 100 professionals and trained volunteers to scan messages sent in […]

Alibaba’s Taobao launches platform to help factories digitalise their operations in China

https://ift.tt/eA8V8J Taobao, the e-commerce marketplace owned by Alibaba Group Holding, has launched a new initiative to help drive the digital transformation of traditional factories in China using its consumer-to-manufacturer (C2M) system.The platform will enable companies to better manage raw materials and product inventories based on precise consumer distribution, preferences and behavioural data, Taobao said in […]

Life and work will never be the same in China as the country attempts a post-virus tech restart

https://ift.tt/eA8V8J With the coronavirus outbreak crippling normal life in China, technology has rushed to the fore on many fronts as literally a lifesaver: robots in hospitals, health code apps, online education and remote working all played crucial roles in keeping the country operational with most of the population trapped in self-isolation.But as the devastating outbreak […]

Online game players were top target for scammers during China’s coronavirus lockdown

https://ift.tt/eA8V8J China’s gamers were the largest group of victims amid a spike in internet scams during the country’s coronavirus outbreak as millions of quarantined people turned to online games to alleviate boredom.Liewang Platform, a website where Chinese internet users can report online fraud cases, found that scammers were out in force during the outbreak, which […]

JD Logistics to hire 20,000 more delivery and warehouse workers, giving priority to those below poverty line

https://ift.tt/eA8V8J The logistics unit of Chinese e-commerce giant JD.com is looking to hire over 20,000 new warehouse and delivery workers to meet surging online demand amid a growing pool of people looking for work after losing jobs during the coronavirus crisis.The company said it would give priority to applicants who fall under the country’s poverty […]

JD Logistics to hire 20,000 more delivery and warehouse workers, giving priority to those below poverty line

https://ift.tt/eA8V8J The logistics unit of Chinese e-commerce giant JD.com is looking to hire over 20,000 new warehouse and delivery workers to meet surging online demand amid a growing pool of people looking for work after losing jobs during the coronavirus crisis.The company said it would give priority to applicants who fall under the country’s poverty […]

Back in business, China’s online travel sites Qunar, Ctrip expect a surge in domestic tourism amid global shutdown

https://ift.tt/eA8V8J Qunar and Ctrip, two of China’s biggest online travel service providers, have resumed bookings for travel packages and attraction tickets after a two-month hiatus as the country recorded its lowest number of deaths since the outbreak and no new infections for the second day in a row.Customers can now book presale travel packages for […]

Back in business, China’s online travel sites Qunar, Ctrip expect a surge in domestic tourism amid global shutdown

https://ift.tt/eA8V8J Qunar and Ctrip, two of China’s biggest online travel service providers, have resumed bookings for travel packages and attraction tickets after a two-month hiatus as the country recorded its lowest number of deaths since the outbreak and no new infections for the second day in a row.Customers can now book presale travel packages for […]

Art Basel launches online viewing rooms after cancelling Hong Kong show amid coronavirus

https://ift.tt/eA8V8J Art Basel, the world’s largest art fair, will open an online exhibition Friday night to make up for the cancellation of its Hong Kong show due to the novel coronavirus outbreak.More than 90 per cent of exhibitors from the scrapped Art Basel Hong Kong event have joined the move online, with over half of […]

Amazon halts grocery orders to restock amid surging demand due to coronavirus worries

https://ift.tt/eA8V8J Amazon said on Thursday it has halted its Prime Pantry delivery service in the United States to restock groceries, following a surge in online orders by shoppers worried about the coronavirus pandemic.“Amazon Pantry is not accepting new orders at this time while we work to fulfil open orders and restock items following increased demand,” […]

After a year of conflicting signals, investors should welcome the growth and moderation of 2020

https://ift.tt/eA8V8J In many ways, 2019 has been a year of dislocation and disruption. The big wedge between stock market returns and economic growth illustrates one such contradiction: over the year, economic data and asset markets moved in opposing directions as earnings growth flatlined and world gross domestic product sank to below trend, yet all major […]

Kingswood tops Hong Kong’s most actively traded address list of 2019 as owners cut prices ahead of biggest home sales in 10 years

https://ift.tt/eA8V8J Kingswood Villas, one of Hong Kong’s largest housing communities, was the city’s most actively traded address for the second consecutive year, as owners slashed prices ahead of a 2020 launch of the first major property project to come to market in the area in the past decade.As many as 531 homes changed hands at […]

Sexist slurs mar Taiwan’s presidential elections – and they could backfire

https://ift.tt/eA8V8J Taiwan has forged a reputation as Asia’s most progressive democracy and it boasts a higher proportion of women in parliament than anywhere else in the region – yet misogynistic insults have littered its presidential race.The campaign for the January 11 polls has exposed an undercurrent where female politicians face a gauntlet of personal abuse […]

Sustainability rating scheme encourages restaurants to source responsibly, treat staff and environment better

https://ift.tt/eA8V8J Many Hong Kong restaurants have embraced sustainability – not using straws, for example, and shunning fish and shellfish that isn’t on an approved list of sustainably sourced seafood.The average diner appears oblivious to their efforts.“To be honest, guests mostly only care about the price and if it tastes good – and that’s fine with […]

Sustainability rating scheme encourages restaurants to source responsibly, treat staff and environment better

https://ift.tt/eA8V8J Many Hong Kong restaurants have embraced sustainability – not using straws, for example, and shunning fish and shellfish that isn’t on an approved list of sustainably sourced seafood.The average diner appears oblivious to their efforts.“To be honest, guests mostly only care about the price and if it tastes good – and that’s fine with […]

Rachel Duan: from problem solving in Puerto Rico to GE’s chief of global growth

https://ift.tt/eA8V8J Driving the emerging-markets expansion of American industrial giant General Electric is no walk in the park.But the 49-year-old charged with steering the iconic Fortune 500 company’s global growth seems unfazed by the scale of the task.Shanghai native Rachel Duan, who took up the role in January, says simply that she draws on one of […]

Rachel Duan: from problem solving in Puerto Rico to GE’s chief of global growth

https://ift.tt/eA8V8J Driving the emerging-markets expansion of American industrial giant General Electric is no walk in the park.But the 49-year-old charged with steering the iconic Fortune 500 company’s global growth seems unfazed by the scale of the task.Shanghai native Rachel Duan, who took up the role in January, says simply that she draws on one of […]

When will the Western-led global order catch up with the world and include Asia?

https://ift.tt/eA8V8J The world turned a corner in 2019. The problem is that the world order didn’t turn with it. This disconnect could have disastrous consequences.The biggest global change has been the start of the “Asian century”. Today, Asia is home to three of the world’s top four economic powers (in purchasing power parity terms): China, […]

A Chinese crime wave hits Duterte’s Philippines as Pogos grow unchecked

https://ift.tt/eA8V8J On the night of December 9 in Manila’s posh Makati district, a woman was pulled screaming into a van, which zoomed away in view of shocked witnesses. Police later identified the victim as Zhou Mei, from China – and the kidnappers were fellow nationals, making the case the latest in a long string of […]

China cannot just rely on its economic might to silence the growing army of critics

https://ift.tt/eA8V8J This will be remembered by many as the year that China did near-irreparable damage to its international reputation and image.Chinese leaders and policymakers have generally understood that China’s gradual rise to international prominence would bring with it challenges, especially regarding the perceptions of others. To allay the fears of outsiders about its rise, China […]

Why do we love to run? Not just to relieve stress – it’s about freedom, achievement and competition, too

https://ift.tt/eA8V8J Runners often express a romanticised notion of taking to the trails to escape the stress of contemporary life. People who go one step further to compete in endurance events such as ultra-marathons, obstacle races and triathlons describe a feeling of total, immersive freedom. But this is only part of the picture, according to a […]

Hong Kong beats Nasdaq to IPO crown as Alibaba, Budweiser mega listings lift funds raised to US$40 billion for 2019

https://ift.tt/eA8V8J Hong Kong has again taken the crown as the world’s largest initial public offering market worldwide.The mega listing of Alibaba Group Holding in November pushed it to the top of the league for the seventh times in 11 years, according to data from Refinitiv.Some 144 companies have raised US$40 billion on the main board […]

Why do we love to run? Not just to relieve stress – it’s about freedom, achievement and competition, too

https://ift.tt/eA8V8J Runners often express a romanticised notion of taking to the trails to escape the stress of contemporary life. People who go one step further to compete in endurance events such as ultra-marathons, obstacle races and triathlons describe a feeling of total, immersive freedom. But this is only part of the picture, according to a […]

Why do we love to run? Not just to relieve stress – it’s about freedom, achievement and competition, too

https://ift.tt/eA8V8J Runners often express a romanticised notion of taking to the trails to escape the stress of contemporary life. People who go one step further to compete in endurance events such as ultra-marathons, obstacle races and triathlons describe a feeling of total, immersive freedom. But this is only part of the picture, according to a […]

For Singapore’s Shopee, being ‘late’ to the e-commerce game has helped its rise in Southeast Asia

https://ift.tt/eA8V8J For an e-commerce platform under four years old, Shopee has done pretty well for itself.Since it was established in 2015, the Singaporean e-commerce site has become the most visited across Southeast Asia, according to a recent iPrice report which also found that Shopee’s mobile app ranked at the top of its category in terms […]

From the Thai Angelina Jolie to Rich Kids of Beverly Hills star, seven women putting their talent and wealth to good uses

https://ift.tt/eA8V8J From a US couture client who used to live in Hong Kong to the Thai Angelina Jolie and a “rich kid of Beverly Hills”, these fabulous women from Asia and beyond lead very fashionable lives.1. Susan Casden, Los AngelesCasden fell in love with couture in Paris nearly 20 years ago and has since built […]

From the Thai Angelina Jolie to Rich Kids of Beverly Hills star, seven women putting their talent and wealth to good uses

https://ift.tt/eA8V8J From a US couture client who used to live in Hong Kong to the Thai Angelina Jolie and a “rich kid of Beverly Hills”, these fabulous women from Asia and beyond lead very fashionable lives.1. Susan Casden, Los AngelesCasden fell in love with couture in Paris nearly 20 years ago and has since built […]

Who could get Carrie Lam to really investigate police protest conduct? The pan-democrats and Hongkongers themselves

https://ift.tt/eA8V8J Hongkongers have raised five demands in their protest movement, including for an independent inquiry into police conduct. Chief Executive Carrie Lam Cheng Yuet-ngor has been reluctant to set up an independent commission of inquiry, arguing that the Independent Police Complaints Council can do the job.To enhance the IPCC’s integrity, the government hired five international […]

From the Thai Angelina Jolie to Rich Kids of Beverly Hills star, seven women putting their talent and wealth to good uses

https://ift.tt/eA8V8J From a US couture client who used to live in Hong Kong to the Thai Angelina Jolie and a “rich kid of Beverly Hills”, these fabulous women from Asia and beyond lead very fashionable lives.1. Susan Casden, Los AngelesCasden fell in love with couture in Paris nearly 20 years ago and has since built […]

YouTube stars and the rise of Netflix: a decade of change in entertainment

https://ift.tt/eA8V8J Every year brings an avalanche of lists about pop culture – best films, best books and best albums.Attempting to define a decade in the world of entertainment is, at best, daunting.But hey, we are going to give it a try.Here are some of the key trends that emerged in the 2010s in television, film […]

Christmas clashes are a sad reminder of need for effective solutions

https://ift.tt/eA8V8J The Christmas holidays were neither merry nor peaceful for Hongkongers. As we envied how the festive season was celebrated with love and joy across the globe, we stunned the world with images of arson, vandalism, tear gas and pepper spray that have become all too familiar over the past six months. As usual, the […]

Three nations on the right path with talks

https://ift.tt/eA8V8J Relations between China, Japan and South Korea are moving in a positive direction. Leaders of the three northeast Asian countries held their annual summit in Chengdu on Tuesday and a day earlier, President Xi Jinping met Japanese Prime Minister Shinzo Abe in Beijing. Nothing substantive eventuated, but given historical and territorial issues that continue […]

No bids for former luxury home of jailed Anbang chief Wu Xiaohui

https://ift.tt/eA8V8J A luxury two-storey villa formerly owned by the disgraced boss of Anbang Insurance Group failed to attract any bidders in an online auction despite a heavily discounted starting price.The three-day auction of the property in Hangzhou, in the eastern Chinese province of Zhejiang, ended on online shopping website Taobao on Thursday without a single […]

Ex-bankers plough their money into vineyards in England, hoping to beat Champagne at its own game

https://ift.tt/eA8V8J Nicholas Coates does not miss the commute. In the latter years of his investment banking career, which he left at the age of 47 after working at Royal Bank of Scotland and ING Barings, he’d catch the 5.41am train to London and arrive back at his manor house in the Hampshire countryside in the […]

Beijing says it will monitor impact of US defence act on Chinese firms

https://ift.tt/eA8V8J Beijing will keep watch for the impact of a new US defence act on Chinese companies and take all necessary measures to protect their interests, the commerce ministry said on Thursday.It criticised the National Defence Authorisation Act, signed by US President Donald Trump last week, as being “full of political biases” against Chinese firms, […]

Ex-bankers plough their money into vineyards in England, hoping to beat Champagne at its own game

https://ift.tt/eA8V8J Nicholas Coates does not miss the commute. In the latter years of his investment banking career, which he left at the age of 47 after working at Royal Bank of Scotland and ING Barings, he’d catch the 5.41am train to London and arrive back at his manor house in the Hampshire countryside in the […]

2020 to be year of innovation reform for China’s state firms, Sasac says

https://ift.tt/eA8V8J China’s state-assets watchdog has vowed to push ahead with overhauls to state firms next year, focusing on sustainable and quality growth in the sector.At meetings in Beijing on Tuesday and Wednesday, the State-owned Assets Supervision and Administration Commission (Sasac) also said it would ensure strong support for state-owned enterprises (SOEs) to implement national strategies […]

Ex-bankers plough their money into vineyards in England, hoping to beat Champagne at its own game

https://ift.tt/eA8V8J Nicholas Coates does not miss the commute. In the latter years of his investment banking career, which he left at the age of 47 after working at Royal Bank of Scotland and ING Barings, he’d catch the 5.41am train to London and arrive back at his manor house in the Hampshire countryside in the […]

Ex-bankers plough their money into vineyards in England, hoping to beat Champagne at its own game

https://ift.tt/eA8V8J Nicholas Coates does not miss the commute. In the latter years of his investment banking career, which he left at the age of 47 after working at Royal Bank of Scotland and ING Barings, he’d catch the 5.41am train to London and arrive back at his manor house in the Hampshire countryside in the […]

Ex-bankers plough their money into vineyards in England, hoping to beat Champagne at its own game

https://ift.tt/eA8V8J Nicholas Coates does not miss the commute. In the latter years of his investment banking career, which he left at the age of 47 after working at Royal Bank of Scotland and ING Barings, he’d catch the 5.41am train to London and arrive back at his manor house in the Hampshire countryside in the […]

Sun Hung Kai Properties prices new Tin Shui Wai project 9 per cent higher than used homes nearby as trade-war breakthrough boosts confidence

https://ift.tt/eA8V8J Sun Hung Kai Properties, Hong Kong’s largest developer, has taken advantage of the breakthrough in US-China trade talks by pricing its new project in Tin Shui Wai around 9 per cent higher than used homes in nearby Kingswood Villa.The Wetland Seasons Park will be the first project to go on sale in 2020, and […]