https://www.scmp.com/rss/327146/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com https://www.scmp.com/news/article/3184577/cannabis-and-health-asia?utm_source=rss_feed https://www.scmp.com/news/article/3184577/cannabis-and-health-asia?utm_source=rss_feed Fri, 08 Jul 2022 08:00:27 +0000 [Sponsored article] The world’s forests are disappearing at a staggering rate. Between 1990 and 2016, 1.3 million square km (502,000 square miles) of forest – an area larger than South Africa – have been lost, the World Bank has reported. Roughly 46 per cent of the planet’s trees have been felled since man started cutting them down, a 2015 study in the journal Nature revealed. However, technology can help restore the planet’s disappearing woodlands. Alipay Ant Forest is a green initiative... https://www.scmp.com/presented/tech/topics/enabling-inclusion-empowering-people/article/3107378/green-technology-travel?utm_source=rss_feed https://www.scmp.com/presented/tech/topics/enabling-inclusion-empowering-people/article/3107378/green-technology-travel?utm_source=rss_feed Thu, 29 Oct 2020 08:16:55 +0000 [Sponsored article] Young entrepreneurs aren’t guaranteed fairy-tale endings. More often than not, the success stories we hear are about billionaires who began with substantial bank accounts or family money. But a growing number of entrepreneurs continue to take the leap from humble beginnings to pursue their passions – and many are making it to the top. Digital platforms have opened up a new world of opportunities for entrepreneurs and small businesses, and have also become instrumental to... https://www.scmp.com/presented/tech/topics/enabling-inclusion-empowering-people/article/3107247/entrepreneurs-dreams-come-true?utm_source=rss_feed https://www.scmp.com/presented/tech/topics/enabling-inclusion-empowering-people/article/3107247/entrepreneurs-dreams-come-true?utm_source=rss_feed Wed, 28 Oct 2020 01:42:43 +0000 [Sponsored article] The Covid-19 pandemic has posed significant challenges to businesses around the world. In June, the World Bank estimated that the global economy could shrink by 5.2 per cent this year – the deepest recession since the end of World War II. But some entrepreneurs have beat the odds and found new opportunities by embracing digital technology in their everyday operations. Using tools such as online payment platforms and blockchain record-keeping systems, these five business... https://www.scmp.com/presented/tech/topics/enabling-inclusion-empowering-people/article/3106617/entrepreneurs-covid-19?utm_source=rss_feed https://www.scmp.com/presented/tech/topics/enabling-inclusion-empowering-people/article/3106617/entrepreneurs-covid-19?utm_source=rss_feed Fri, 23 Oct 2020 01:00:16 +0000 Young women dubbed “little sisters” are fast becoming a driving force of spending in China, boosting the fortunes of companies selling everything from beer and liquor to streaming services and cosmetics. They are well-educated and are delaying or just skipping marriage and motherhood, giving them more money and the confidence to spend. Meanwhile, they see themselves reflected in popular TV shows – like the Chinese summer hit Sisters Who Make Waves – that encourage them to splurge on... https://www.scmp.com/business/how-young-women-are-powering-chinas-consumption-growth/article/3096746?utm_source=rss_feed https://www.scmp.com/business/how-young-women-are-powering-chinas-consumption-growth/article/3096746?utm_source=rss_feed Mon, 10 Aug 2020 12:02:53 +0000 The world is rapidly moving towards a cash-lite society with the continuing global spread of the coronavirus disease, Covid-19, helping to accelerate the demand for digital payment services. Many people have been not only adopting social distancing measures during the pandemic, but also trying to avoid contact with people through the use of bank notes and coins by choosing digital payment methods or shopping online. In mainland China, 55 per cent of mobile users are likely to buy more groceries... https://www.scmp.com/native/business/banking-finance/topics/design-thinking-imperative/article/3086663/how-design?utm_source=rss_feed https://www.scmp.com/native/business/banking-finance/topics/design-thinking-imperative/article/3086663/how-design?utm_source=rss_feed Fri, 12 Jun 2020 02:30:09 +0000 China’s biggest messaging app WeChat helped create 29 million job opportunities last year and has since helped stabilise the country’s employment situation in the time of the coronavirus pandemic, a report released Thursday showed. In 2019, WeChat helped create 29 million jobs, including 26 million directly related to its ecosystem, the latter of which represented a 16% increase from the year before.   Companies using WeChat’s platform and tools to work, hire, and communicate generated 3.62... https://www.scmp.com/tech/chinas-largest-social-app-wechat-helped-create-29-million-jobs-report-says/article/3084640?utm_source=rss_feed https://www.scmp.com/tech/chinas-largest-social-app-wechat-helped-create-29-million-jobs-report-says/article/3084640?utm_source=rss_feed Fri, 15 May 2020 13:24:22 +0000 When Ma Cunjun strapped on his face mask and boarded a nearly empty flight to New York from Hong Kong, the most important deal of his life was at risk of unraveling. It was Jan. 29, and in less than two weeks Ma was supposed to take his Shenzhen, China-based online insurance platform public on the Nasdaq stock exchange in New York. Preparations for Huize Holding Ltd.’s initial public offering, which in September had targeted $150 million, had been in the works since 2018. But now China’s... https://www.scmp.com/tech/coronavirus-shut-down-physical-meetings-so-one-chinese-company-went-public-online/article/3084035?utm_source=rss_feed https://www.scmp.com/tech/coronavirus-shut-down-physical-meetings-so-one-chinese-company-went-public-online/article/3084035?utm_source=rss_feed Tue, 12 May 2020 11:07:50 +0000 Before the coronavirus crisis began rippling through the global economy, Susan Wang had big plans for 2020. Not only was she going to buy a new Apple MacBook and iPad, plus a projector so she could host friends for movies at home, but she was set on making a career move. “I was planning to change my job, but my headhunter told me that all recruitment had been postponed to the second quarter,” said the 27-year-old who works for a British company in Hong Kong. “Our headquarters in London has a... https://www.scmp.com/business/economic-toll-coronavirus-will-be-unprecedented-analysts-say/article/3078115?utm_source=rss_feed https://www.scmp.com/business/economic-toll-coronavirus-will-be-unprecedented-analysts-say/article/3078115?utm_source=rss_feed Thu, 02 Apr 2020 11:53:51 +0000 Hong Kong’s financial services industry is likely to move towards an ecosystem of traditional banks collaborating with innovative start-ups, technology and telecom companies, forging strategic partnerships and adopting fintech solutions to enhance service offerings, according to KPMG. The introduction of a new licensing regime for virtual banks by the Hong Kong Monetary Authority this year, which deliver retail banking services through the internet or other electronic channels instead of... https://www.scmp.com/business/banking-finance/article/2152450/world-virtual-banking-will-see-strategic-partnerships?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2152450/world-virtual-banking-will-see-strategic-partnerships?utm_source=rss_feed Tue, 26 Jun 2018 03:01:21 +0000 Andrew Sheng Andrew Sheng Technology has created lots of jargon that most of us don’t understand. Most of us have mental blocks against new things that we don’t understand. Some people are born clever. Some become clever through hard work. But many appear clever by using jargon others don’t understand.  Do we have a mental block when it comes to blockchain? Most brilliant ideas are actually very simple. But experts exist to make life very complicated – otherwise there is no need for experts. You consult a lawyer because... https://www.scmp.com/comment/insight-opinion/united-states/article/2151995/cryptocurrencies-and-blockchain-are-not-road?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/united-states/article/2151995/cryptocurrencies-and-blockchain-are-not-road?utm_source=rss_feed Fri, 22 Jun 2018 07:45:30 +0000 At Hangzhou’s Xiaoshan International Airport, there is no cashier at the KFC taking orders. There are not even self-service touch screen kiosks. To order a Zinger or fried chicken, consumers sit down and scan the QR bar code at their tables and place their orders via smartphone. Payment is made either with Alipay or WeChat Pay. The meal is prepared and a message sent to the smartphone when it is ready to collect. Such frictionless order-and-payment system in China is no longer a novelty, but... https://www.scmp.com/tech/social-gadgets/article/2151868/singapore-hong-kong-push-go-cashless-china-pulls-ahead?utm_source=rss_feed https://www.scmp.com/tech/social-gadgets/article/2151868/singapore-hong-kong-push-go-cashless-china-pulls-ahead?utm_source=rss_feed Thu, 21 Jun 2018 10:11:28 +0000 Hong Kong businesses are slow to adopt company wide digitisation despite a growing demand and enthusiasm for digital technologies, especially mobile banking, according to a new study by HSBC. About three quarters of the local companies surveyed recognised the benefits and importance of digitalisation, but only 28 per cent had plans to adopt digital technology. HSBC polled senior business executives from more than 300 Hong Kong companies for the survey. Hong Kong workers feel they are not... https://www.scmp.com/business/companies/article/2151709/businesses-hong-kong-slow-adopt-digital-tech-despite-growing?utm_source=rss_feed https://www.scmp.com/business/companies/article/2151709/businesses-hong-kong-slow-adopt-digital-tech-despite-growing?utm_source=rss_feed Wed, 20 Jun 2018 22:33:00 +0000 Jeffrey Leckstein’s “Hong Kong must embrace innovation or risk irrelevance” (April 23) was a stirring call to arms, acknowledging that technology would play an increasingly important role in the future of the city’s banking and financial services industry. Yet, Leckstein missed the underlying value of human exuberance and talent, which have made Hong Kong so unique and attractive in the first place. American social critic Arthur Schlesinger once said, “Science and technology revolutionise our... https://www.scmp.com/comment/letters/article/2151240/hong-kong-needs-innovation-it-more-just-technology?utm_source=rss_feed https://www.scmp.com/comment/letters/article/2151240/hong-kong-needs-innovation-it-more-just-technology?utm_source=rss_feed Mon, 18 Jun 2018 10:02:01 +0000 Reuters Reuters A Canadian man accused by US authorities of acting as a senior adviser to the jailed creator of the underground Silk Road website was extradited to the United States from Thailand on Friday, federal prosecutors said. In a newly unsealed indictment, prosecutors charged Roger Thomas Clark with crimes including narcotics trafficking, computer hacking conspiracy and money laundering conspiracy. Clark was arrested in Thailand in 2015 at the request of US authorities. Prosecutors have said Clark was... https://www.scmp.com/news/asia/southeast-asia/article/2151152/canadian-man-accused-advising-black-market-website-silk?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/2151152/canadian-man-accused-advising-black-market-website-silk?utm_source=rss_feed Sat, 16 Jun 2018 22:15:44 +0000 More than half of Hong Kong’s workforce believe that their jobs are under threat from the rapid growth of the digital economy, while over 40 per cent feel that they do not have the right skills to compete in it, a survey has found. The survey was conducted by tech consultants IDC for Workday, a major provider of enterprise cloud applications for finance and human resources, and it polled over 1,400 employees from eight Asia-Pacific countries to assess their attitudes towards the digital... https://www.scmp.com/business/article/2150644/hong-kong-workers-feel-they-are-not-equipped-right-skills-digital-economy?utm_source=rss_feed https://www.scmp.com/business/article/2150644/hong-kong-workers-feel-they-are-not-equipped-right-skills-digital-economy?utm_source=rss_feed Wed, 13 Jun 2018 11:26:55 +0000 The head of China’s hottest job site never has to work again. Rick Yan, the chief executive officer of 51job Inc, has amassed a $1.5 billion fortune, according to the Bloomberg Billionaires Index. Yan, who has never appeared on an international wealth ranking, owns 20.8 per cent of the Shanghai-based company, which operates one of the country’s largest online recruiting and human resources businesses. Its American depositary receipts – the Nasdaq ticker symbol is JOBS – have soared more than 80... https://www.scmp.com/news/china/money-wealth/article/2150293/online-china-job-site-helps-its-chief-executive-amass-us15?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/2150293/online-china-job-site-helps-its-chief-executive-amass-us15?utm_source=rss_feed Mon, 11 Jun 2018 19:51:05 +0000 Swiss asset manager Pictet has been buying up shares in Chinese online video game developer NetEase, while taking a profit on Tencent Holdings, as the technology sector is now trading at a higher premium than overall global markets, according to Nolan Hoffmeyer, senior investment manager with Pictet’s thematic equities team. NetEase, the developer of popular video game Knives Out, was weak in the first quarter because it did not release any major titles, meaning that unlike some technology... https://www.scmp.com/business/money/stock-talk/article/2150212/swiss-asset-manager-pictet-buys-chinese-video-game-maker?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2150212/swiss-asset-manager-pictet-buys-chinese-video-game-maker?utm_source=rss_feed Mon, 11 Jun 2018 07:50:27 +0000 Revenue generated from digital sources in Hong Kong such as over the top streaming video and internet advertising, surpassed offline sources for the first time last year, and is forecast to reach US$5.8 billion by 2022, as consumers increasingly use mobile devices to watch streaming videos and read news, according to a PwC study. Taking into account the city’s digital revenues of US$4.5 billion last year, the segment is expected to grow at a compound annual growth rate (CAGR) of 5.1 per cent... https://www.scmp.com/business/companies/article/2149582/hong-kongs-digital-spending-surge-us58b-2022-consumers-turn?utm_source=rss_feed https://www.scmp.com/business/companies/article/2149582/hong-kongs-digital-spending-surge-us58b-2022-consumers-turn?utm_source=rss_feed Wed, 06 Jun 2018 11:46:59 +0000 Georgina Lee Georgina Lee Pundi X, a start-up that is looking to build an offline cryptocurrency sales network, has begun deploying its payment point-of-sales (POS) devices in Indonesia, betting that the central bank will renounce their current opposition against cryptocurrencies in as soon as three years. The company, which wants to establish itself as the “Walmart or 7-Eleven of cryptocurrency”, said it has already received pre-orders for its POS device from Indonesia, and other countries such as South Korea, Japan,... https://www.scmp.com/business/companies/article/2149052/pundi-x-readies-indonesian-crypto-payment-business?utm_source=rss_feed https://www.scmp.com/business/companies/article/2149052/pundi-x-readies-indonesian-crypto-payment-business?utm_source=rss_feed Mon, 04 Jun 2018 00:02:20 +0000 Bloomberg Bloomberg The Justice Department has opened a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, dramatically ratcheting up US scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter. The investigation is focused on illegal practices that can influence prices – such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling, said the people, who... https://www.scmp.com/tech/article/2147710/possible-bitcoin-manipulation-said-be-focus-us-criminal-probe?utm_source=rss_feed https://www.scmp.com/tech/article/2147710/possible-bitcoin-manipulation-said-be-focus-us-criminal-probe?utm_source=rss_feed Fri, 25 May 2018 01:44:33 +0000 Nicole Tan, a 29-year-old content marketer from Singapore, has visited enough places in the last year to make an Instagram follower weep: Jamaica, Miami, Portland, San Francisco, Los Angeles, Budapest, Slovenia, Berlin, Luxembourg, Iceland, Romania, Poland, Paris, Amsterdam and Thailand. In almost all of those places, her working life has continued as usual. “Last year, I was moving every other week, or almost every couple of days,” she says. “Time to go, time to go. I had to be at... https://www.scmp.com/magazines/post-magazine/long-reads/article/2146681/how-estonia-incubating-city-future-inviting?utm_source=rss_feed https://www.scmp.com/magazines/post-magazine/long-reads/article/2146681/how-estonia-incubating-city-future-inviting?utm_source=rss_feed Sun, 20 May 2018 03:15:45 +0000