EJ Insight

BUSINESS

NetEase e-learning arm builds up content and reach ahead of IPO

Wilson Lam - Jul 19, 2019 5:43pm

Nasdaq-listed NetEase Inc., widely known for its online games, is expanding its e-learning unit in preparation for a separate US listing. NetEase Youdao is now China’s largest online education brand, serving over 800 million internet users across...
China economy still faces downward pressure

Eric Lui - Jul 19, 2019 12:33pm

China’s economic growth slowed to 6.2 percent in the second quarter, the weakest in 27 years. While the slowdown was well-expected, downside pressure may continue, particularly if the trade dispute with the United States remains unresolved....
What’s next for Europe capital markets?

Jonathan Faull and Simon Gleeson - Jul 19, 2019 9:41am

When the United Kingdom eventually leaves the European Union – assuming it does – it will take Europe’s biggest capital market with it. The loss of the City of London could drive the EU’s 27 remaining...
India’s budget hotel startup OYO takes the fast lane in China

Ko Tin-yau - Jul 19, 2019 9:29am

In less than two years, Indian budget hotel operator OYO has become the largest hotel chain in China. Jinjiang Inn, Huazhu Hotels Group and Home Inns Group used to occupy the top three positions. They control...
China’s debt tops 300% of GDP, now 15% of global total: IIF

Jul 19, 2019 9:28am

A key gauge of China’s debt has topped 300 percent of gross domestic product, according to the Institute of International Finance (IIF), a Washington-based private global financial industry association. China’s total corporate, household and government debt...
Ping An-backed Lufax to exit P2P lending business: report

Jul 19, 2019 9:25am

Lufax, one of China’s largest online wealth management platforms that is backed by financial giant Ping An Insurance (02318.HK, 601318.CN), plans to exit its once-core peer-to-peer lending (P2P) business, Reuters reports, citing three sources with direct...
Didi plans to relaunch Hitch service with new safety features

Jul 19, 2019 9:14am

Chinese ride-hailing giant Didi Chuxing plans to relaunch its Hitch carpooling service with added safety features, almost a year after suspending the service following the murder of a female passenger by her Didi driver, Reuters reports....
G7 urges tough Libra regulation, agrees to tax digital giants

Jul 19, 2019 9:01am

Digital currencies such as Facebook’s planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world’s financial system, Group of Seven finance ministers and central bankers...
Rise of Asia is powered by millennials, tech and reform

Neil Dwane - Jul 18, 2019 1:45pm

As long-term investors, we think the engine powering global growth in the coming decades will be Asia and its large, growing consumer and services markets. Developed economies are ageing and facing unsustainable social-services commitments, and their...
China 5G battle set to begin in earnest

SC Yeung - Jul 18, 2019 12:58pm

China has been stepping up efforts on the 5G front as it seeks to be among the first in the world in rollout of the next-generation mobile services that could open up many new applications. A...

More >

WORLD

EU Parliament urges HK to meet people’s demands

Jul 19, 2019 5:06pm

The European Parliament on Thursday urged the Hong Kong government to officially withdraw the controversial extradition bill, saying the proposed law had caused fear among the people of the city. The call came after the legislative...
Algerian soccer success is a double-edged sword

James M. Dorsey - Jul 19, 2019 1:23pm

It took Algeria barely two weeks to charge Algerian soccer fan Samir Sardouk and sentence him to a year in jail for harming the national interests of his country. Sardouk was convicted for shouting “There is...
China’s debt tops 300% of GDP, now 15% of global total: IIF

Jul 19, 2019 9:28am

A key gauge of China’s debt has topped 300 percent of gross domestic product, according to the Institute of International Finance (IIF), a Washington-based private global financial industry association. China’s total corporate, household and government debt...
Pompeo calls China’s treatment of Uighurs ‘stain of the century’

Jul 19, 2019 9:17am

US Secretary of State Mike Pompeo on Thursday called China’s treatment of its Uighur Muslim minority the “stain of the century” and accused Beijing of pressuring countries not to attend a US-hosted conference on religious freedom,...
G7 urges tough Libra regulation, agrees to tax digital giants

Jul 19, 2019 9:01am

Digital currencies such as Facebook’s planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world’s financial system, Group of Seven finance ministers and central bankers...

More >

Hong Kong

Carrie Lam must walk the talk in addressing public demands

The social turmoil triggered by the controversies over the proposed legal amendments to the Fugitive Offenders Ordinance has shown no signs of relenting, with protests and clashes erupting in one district after another across...
EU Parliament urges HK to meet people’s demands

The European Parliament on Thursday urged the Hong Kong government to officially withdraw the controversial extradition bill, saying the proposed law had caused fear among the people of the city. The call came after...
MTR’s Shatin-Central Link to begin partial service early 2020

MTR Corporation will open a section of the Shatin to Central rail line in the first quarter of 2020, with the initial operations covering three stations, Transport Secretary Frank Chan Fan said on Thursday....
Lawmaker drops proposal to extradite HK murder suspect to Taiwan

Labour Party lawmaker Fernando Cheung Chiu-hung has apologized to the public for proposing a private member’s bill that would allow the extradition of a Hong Kong murder suspect to Taiwan, saying he should have...
How Hong Kong can get back on the right track

Over the past one month, Hong Kong has witnessed one of its most serious ever political crises in more than 20 years. The saga goes back to the beginning of this year when the...