Date
20 August 2017

Business

  • Peggy Choi, co-founder and CEO of LYNK, says communication and empathy are crucial in managing a startup team. Photo: Cyberport

    Startup tips: Know your staff and show them a career path

    Aug 18, 2017 6:35pm
    Talent recruitment is generally considered one of the biggest challenges confronting startups in Hong Kong. Peggy Choi, co-founder and chief executive of LYNK, which provides expert matching services, thinks otherwise, saying that staff management is a...
  • The unparalleled client base of Baidu, Alibaba and Tencent makes it hard for startups to survive and grow without support from these internet giants.  Image: 2Open

    Is BAT dominance crowding out startups?

    - Aug 18, 2017 5:29pm
    China’s three internet giants – Baidu, Alibaba and Tencent, or collectively known as BAT – has continued to dominate sectors such as online search, e-shopping, gaming and instant messaging. Consistently high revenue and profit growth has enabled...
  • Vishal Sikka has resigned as Infosys CEO after facing criticism from the company's founders over several key decisions. Photo: Reuters

    Infosys CEO quits, citing ‘drumbeat of distractions’

    Aug 18, 2017 4:03pm
    Vishal Sikka, the chief executive of Infosys Technologies, India’s second-largest software services firm, has resigned from his post, citing a stream of distractions and malicious personal attacks against him. “Over the last many months and quarters,...
  • Wong Lo Kat and Jiaduobao herbal tea use identical packaging, featuring red cans with gold lettering. Photo: yahoo

    China ruling on tea packaging row will worry foreign firms

    - Aug 18, 2017 11:53am
    China’s top court ruled on Wednesday that JDB (China) Drink Company and Guangzhou Baiyunshan Pharmaceutical Holdings (00874.HK) can continue to use similar packaging for their herbal tea beverage products. Both companies “had made contributions to promoting...
  • Valuation of the equity market does not rely only on the prospects of economic growth and profitability of listed companies, but also on the sustainability of growth and economic structures. Photo: latimes.com

    Is policy tightening bringing an end to China’s bull market?

    - Aug 18, 2017 10:16am
    Both China’s nominal GDP and corporate earnings saw double-digit year-on-year growth in the first half of the year. China’s equity market, supported by these strong fundamentals, performed handsomely – MSCI China Index grew 33 percent in...
  • South African equity, currency and bond markets would likely either react negatively if President Jacob Zuma's camp wins, or positively if the opposing camp prevails. Photo: Reuters

    South Africa gets a vote of no confidence

    - Aug 18, 2017 9:53am
    President Jacob Zuma survived a motion of no confidence this week, the latest of many attempts to unseat an administration besieged by allegations of corruption and economic mismanagement. The victory not only allows Zuma to remain...
  • PetroChina has suffered another fire accident at its key oil refinery in Dalian. Photo: Bloomberg

    Fire rocks PetroChina refinery in Dalian

    Aug 18, 2017 8:57am
    A fire broke out on Thursday at a major PetroChina refinery in Dalian, the latest industrial accident to rock the northeastern Chinese port city. The inferno in the plant’s 1.4 million-tons-per-year residue catalytic cracker started around...
  • Rosneft has said it would be open to selling CEFC a stake in its retail business, which includes almost 3,000 filling stations, around 150 oil storage complexes and over 1,000 gasoline tankers. Photo: Reuters

    China’s CEFC said to be in talks to buy stake in Rosneft

    Aug 18, 2017 8:29am
    CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft, Reuters reports, citing three people with direct...
  • China consumes about half of the annual global output of copper, steel, nickel and aluminum.  Photo: China Mining

    More upside seen for commodities amid global economic recovery

    - Aug 17, 2017 4:15pm
    I made a forecast at the end of last year that metals and raw materials prices would stage a comeback as global economic growth recovers. Commodity prices have indeed performed well in the past six months....
  • Having achieved a strong earnings recovery in recent years, Fiat Chrysler is in a strong position to negotiate with potential bidders. Photo: Bloomberg

    Acquiring Fiat Chrysler won’t be a cinch for Chinese carmakers

    - Aug 17, 2017 2:08pm
    Several Chinese automakers are reportedly interested in acquiring Italian-American company Fiat Chrysler. Great Wall Motor (02333.HK), Guangzhou Automobile Group (02238.HK) and Dongfeng Motor Group (00489.HK) are said to be some of the potential bidders. They are...
  • A specialist monitoring a 3D printing machine at 3D printing service company Fast Radius. Photo: UPS

    Simplify your manufacturing supply chain with 3D printing

    - Aug 17, 2017 1:18pm
    With its capability and widespread use, 3D printing has evolved from being a novelty to becoming an integral part of the manufacturing process. Whether you’re developing a prototype, or seeking to create an on-demand, customizable product, it’s...
  • China’s key stock indices have climbed steadily since March 2016, while the country’s blue-chip benchmarks have performed better than the Dow Jones Industrial Average and S&P 500 this year. Photo: AFP

    China market regulator lifts emergency measures

    Aug 17, 2017 9:07am
    Chinese regulators declared victory over the country’s famously unruly stock markets, saying conditions are now calm enough that they have removed the emergency measures put in place to support equities following crashes in 2015 and 2016,...
  • Visual data can help marketers gain a deeper understanding of customers. Photo: Salesforce

    A picture is worth a thousand insights

    - Aug 17, 2017 8:48am
    Visual media such as images and video content are dominating social media. People are uploading 1.8 billion photos per day that display higher levels of engagement than written content. This is driven by mobile’s ease-of-use and...
  • China Unicom hopes bringing its ownership structure more in line with 'market-oriented principles' will unleash new vibrancy in the company. Photo: Reuters

    Tencent, Alibaba in group buying stake in China Unicom

    Aug 17, 2017 8:33am
    China’s internet titans are among the companies joining in a government-encouraged plan to pump US$11.7 billion into state-owned telecommunications giant China Unicom (Hong Kong) Ltd., the Wall Street Journal reports.  Beijing has said it wants government-owned...
  • The Federal Reserve has raised its benchmark overnight lending rate twice this year and forecasts one more rise before the end of 2017. Photo: Reuters

    Fed calls for easing of rate hikes amid weak inflation

    Aug 17, 2017 8:13am
    Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was clear the trend was transitory, Reuters reports, citing the minutes of the US central bank’s...
  • Cathay Pacific blamed intense competition in the industry for its dismal performance. Photo: Bloomberg

    Cathay Pacific posts HK$2.05 billion interim loss

    Aug 16, 2017 7:06pm
    Cathay Pacific Airways on Wednesday posted a net loss of HK$2.05 billion for the first half of this year, compared with a net profit of HK$353 million in the same period in 2016. Group chairman John...
  • North Korea has threatened to attack the US territory of Guam, but has since backed off. Photo: Reuters

    Will Trump declare war on North Korea?

    - Aug 16, 2017 4:51pm
    US President Donald Trump has vowed to respond with “fire and fury” after North Korea threatened to attack the US territory of Guam. His comment sent Hong Kong shares tumbling nearly 1,000 points. The threat of...
  • Shenzhen-based DJI was the first to successfully turn drones into mass-market products. Photo: DJI

    Chinese drone maker DJI faces a sudden obstacle

    - Aug 16, 2017 1:04pm
    Chinese drone maker SZ DJI Technology Co. is the undisputable leader in the field, having captured 60 percent of the global market. The Shenzhen-based firm’s founder is Wang Tao, also known as Frank Wang. Born in...
  • A correction in equity prices is overdue, and the downward pressures could last a while, according to a market observer. Photo: Reuters

    Why it’s too early to be over-excited at the market rebound

    - Aug 16, 2017 11:38am
    Following a slide last week on US-North Korea tensions, most stock markets in Asia rebounded on Monday. But don’t get over-excited by that. A correction in equity prices is overdue, and I expect downward pressures to...
  • US semiconductor-testing company Cohu Inc. says the sale of Xcerra Corp to a Chinese fund will give China access to valuable semiconductor technology. Photo: BBC

    US chip testing firm urges blocking sale of rival to China fund

    Aug 16, 2017 8:38am
    Citing national-security concerns, US semiconductor-testing company Cohu Inc. is mounting a quiet campaign to derail the planned US$580 million sale of American rival Xcerra Corp. to a Chinese state-backed group, the Wall Street Journal reports. Poway,...

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