Date
24 March 2019

Business

  • Xiaomi, led by founder and CEO Lei Jun, has launched a mobile payment service in its biggest overseas market, India. Photos: Reuters, Xiaomi

    Xiaomi joins mobile payment race in India

    Mar 22, 2019 2:14pm
    After grabbing the No. 1 spot in the Indian smartphone market, China’s Xiaomi Corp (01810.HK) has rolled out its mobile payment service, Mi Pay, in the world’s second most populous nation. Following a December launch in...
  • The Hang Seng Index posted a rally of less than 15 percent in 10 of the cases when a golden cross showed up, implying the upside may not be that much. Photo: HKEJ

    Is ‘golden cross’ a good buy signal for HK equities?

    - Mar 22, 2019 12:38pm
    The Hang Seng Index has been on a strong rebound since the beginning of this year. The 250-day moving average has started to edge up after falling for nearly nine months. If the uptrend continues, the...
  • Xiaomi’s Lei Jun suggested a wager in 2013 that his firm’s revenue would surpass that of Gree Electric in five years, a challenge that was accepted by the latter’s chairwoman Dong Mingzhu (inset). Photos: Reuters, Yahoo

    Xiaomi, Gree face off in smart home appliances battle

    - Mar 22, 2019 9:56am
    There were two high-profile bets among Chinese business tycoons in recent years. One was a 100 million yuan bet between Alibaba founder Jack Ma and Wang Jianlin, head of Dalian Wanda Group. By 2020, if online...
  • It is not easy to detect a coherent rationale in US trade policy under Trump, writes Jeffrey Frankel. Photo: Reuters

    Xi and Trump miss their chance

    - Mar 22, 2019 9:55am
      President Donald Trump has postponed until at least April the supposed deadline for concluding the United States’ current trade negotiations with China. A good outcome for both sides would be reached if China agreed to...
  • New York Times CEO Mark Thompson warned that relying on third-party distribution can be dangerous for publishers as they risk losing control over their own product. Photo: Reuters

    New York Times CEO warns publishers ahead of Apple news launch

    Mar 22, 2019 9:23am
    Apple is expected to launch an ambitious entertainment and paid digital news service on Monday in a challenge to streaming video leader Netflix. But it is not likely to feature the New York Times, Reuters reports. Mark...
  • Boeing 737 MAX planes from various airlines are grounded at Boeing Field in Seattle, Washington, on Thursday. Photo: Reuters

    Boeing to offer safety feature as standard in 737 MAX: report

    Mar 22, 2019 9:10am
    Boeing Co plans to offer as standard a safety feature that might have warned earlier of problems that possibly played a role in the crashes of Ethiopian and Indonesian planes that killed almost 350 people, Reuters...
  • Henderson Land Development chairman and managing director Lee Shau-kee is flanked by sons Peter (right) and Martin. Photo: HKEJ

    Lee Shau-kee plans to retire, hand over reins to two sons

    Mar 21, 2019 2:35pm
    Property magnate Lee Shau-kee, 91, is considering stepping down from his posts as chairman and managing director of Henderson Land Development (00012.HK) for “being advanced in age”, the company said in a filing to the Hong...
  • US and Chinese officials pose for a photograph before the start of another round of trade talks at the White House in Washington on Feb. 21. Photo: Reuters

    China-US trade deal: what should investors expect?

    - Mar 21, 2019 12:31pm
    The American and Chinese trade delegations have been conducting intensive talks to try to reach a deal acceptable to both sides. Progress reports have been positive as US President Donald Trump recently postponed imposing a 25...
  • Xiaomi has been unable to get enough units of its new Mi 9 smartphone onto the market due to supply chain issues. Photo: Reuters

    Xiaomi needs to improve its supply chain management

    - Mar 21, 2019 11:46am
    Xiaomi Corp has been struggling to get its act together in relation to supply of its newly-launched flagship Mi 9 smartphone. Unable to get enough devices onto the market, the firm was recently forced to backtrack...
  • Robert Kuok's Wilmar International has over 500 palm oil planting and manufacturing bases across 15 nations. Photo: Bloomberg/HKEJ

    Robert Kuok’s little-known big business: edible oil

    - Mar 21, 2019 11:05am
    Robert Kuok Hock Nien, an ethnic Chinese-Malaysian business magnate, controls nearly 10 listed companies including Kerry Properties (00683.HK), Kerry Logistics Network Ltd (00636.HK) and Shangri-La Asia Ltd (00069.HK). Lesser known is the fact that the tycoon...
  • Though the US runs a persistently large trade deficit in goods, it maintains sizeable bilateral services surpluses with many of its leading trade partners, including China. Photo: Bloomberg

    The blind spot in the trade debate

    - Mar 21, 2019 9:24am
      Negotiations to resolve the Sino-American trade conflict have so far centered on soybeans, natural gas, and an assortment of commodities and manufactured goods. Yet, an increasingly important component of US and global trade is scarcely...
  • AT&T chairman and CEO Randall Stephenson speaks during an Economic Club of Washington event in the US capital on Wednesday. Photo: Bloomberg

    Huawei accused of hindering firms from shifting suppliers for 5G

    Mar 21, 2019 9:16am
    China’s Huawei Technologies is making it very difficult for European carriers to drop the company from its supply chain for next-generation 5G wireless service, AT&T CEO Randall Stephenson said on Wednesday. “If you have deployed Huawei...
  • European Competition Commissioner Margrethe Vestager said Google abused its dominance to stop websites using brokers other than the AdSense platform. Photo: Reuters

    Google fined US$1.7 bln by EU for search ad blocks

    Mar 21, 2019 9:03am
    Alphabet Inc unit Google was fined 1.49 billion euros (US$1.7 billion), its third large European Union antitrust penalty in two years, Reuters reports. The European Commission, which said the fine amounted to 1.29 percent of Google’s...
  • China's revised foreign investment law will better protect the legitimate rights and interests of foreign businesses, Premier Li Keqiang claimed. Photo: Bloomberg

    China’s new foreign investment law seen as too general, hasty

    - Mar 21, 2019 9:00am
    The National People’s Congress, China’s parliament, last week passed a new Foreign Investment Law (FIL). Premier Li Keqiang said on Friday that the new law “will better protect the legitimate rights and interests of foreign investors.” ...
  • Tariffs on Chinese goods may be kept for a substantial period even if Beijing agrees to a trade deal, Donald Trump suggested. Photo; Reuters

    Tariffs on China goods may stay for ‘substantial period’: Trump

    Mar 21, 2019 8:50am
    US President Donald Trump warned on Wednesday that Washington may leave tariffs on Chinese goods for a “substantial period” to ensure that Beijing complies with any trade agreement, Reuters reports. Trump said his top negotiators, US...
  • US Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington on Wednesday following the conclusion of a two-day policy meeting. Photo: Reuters

    Fed sees no rate hikes in 2019, sets end to asset runoff

    Mar 21, 2019 8:38am
    The US Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, Reuters reports. Downgrading...
  • MTR shares surged to a one-year high after the company suffered one of its worst accidents in four decades of operation. Photo: MTR Corp/Reuters

    The more MTR is slammed, the higher its shares climb

    - Mar 20, 2019 1:11pm
    Name a blue-chip company that has generated so much bad news in recent months yet has seen its shares continue to rise. MTR Corp (00066.HK), the teflon company. Its investors – don’t they read the papers...
  • Apple has launched the new versions of iPad mini (left) and iPad Air. Photo: Apple

    Apple unveils new iPad series in bid to stay competitive

    - Mar 20, 2019 10:58am
    Prior to a special event scheduled for March 25, Apple surprised the market on Tuesday with the launch of two updated versions of the iPad. The unveiling of the new iPad Air and iPad mini demonstrates...
  • China needs to remove the foreign ownership caps in listed entities to accommodate the interests of overseas players, global asset managers say. Photo: Reuters

    China urged to scrap foreign ownership caps in listed firms

    Mar 20, 2019 9:21am
    An industry body representing global asset managers in Asia has urged China to lift foreign ownership caps in listed companies, Reuters reports. In a policy paper released on Wednesday, financial lobbyist ASIFMA called on Chinese regulators...
  • Ride-hailing services firm Lyft is said to have drawn enthusiastic response from investors during the marketing road show for its IPO. Photo: Reuters

    Lyft IPO oversubscribed on road show’s second day: report

    Mar 20, 2019 9:11am
    Lyft’s initial public offering (IPO) has been oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the US$23 billion valuation it is seeking,...

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