As an international boycott of Huawei continues, the Huawei CEO has come forward and held a press conference to declare that they will never hand over any customer data to the Chinese government under any circumstances. However, many experts are not convinced by the official statements given that Beijing’s intelligence laws warn that companies unwilling ...
Ma Yun, founder of the Alibaba Group, the world’s largest e-commerce platform with an annual revenue of over US$36 million, announced his plan to officially step down and leave the Ali Group in September 2018. Two months later, his membership in the Chinese Communist Party was revealed when his name appeared on a list of ...
China’s ecosystem of mobile payments has taken off in a big way. To put things into perspective, while Apple Pay is estimated to have 127 million users, Chinese payment apps like AliPay and WeChat Pay have 500 million and 900 million active monthly users respectively. Mobile payments in China Both WeChat Pay and AliPay use ...
The United States was the first country to bring global attention to the threat posed by Huawei. American intelligence agencies warned that the company’s ties with the Chinese Communist Party (CCP) make its products a security threat to the nation. As a consequence, the United States banned the use of the company’s products in government ...
In its 13th annual “Best Countries for Business” report, Forbes has ranked the UK in the number one spot. This is the second straight year that the country has claimed the lead. The report ranks the United States in 17th position, five spots down from last year. Investing in the UK The ranking was done after judging ...
A recent survey of senior Chinese business executives from top companies in China shows that confidence in the economy is going down. The survey, conducted by Deloitte, highlighted increasing opportunities for the Southeast Asian region. The survey of Chinese business executives A total of 108 executives participated in the survey, with 69 percent of them ...
According to a study done by recruitment firm Michael Page, Hongkongers are quitting Chinese companies after getting fed up of the office culture and low salaries. Almost 44 percent of Chinese businesses in Hong Kong were found to have trouble retaining employees. Hongkongers leaving Chinese companies “These Chinese companies have a lot of money, and ...
Chinese stock indexes have posted steep losses in recent months, with market volatility rising so far this year, but U.S. stocks are up and volatility is down. Indeed, with the U.S. markets on a tear and Chinese shares on a downturn, it appears that U.S. stocks have thus far weathered the effects of the trade war. The trade war and stock ...
To achieve success, it is essential that an organization is able to develop a culture of creativity in their workplace. What does a creative workplace mean? It simply refers to a working environment where employees can confidently use their imaginations to solve the problems of the organization. There are four simple things you need to ...
Forcing American firms to give up their technologies, the Chinese Communist Party (CCP) has persistently denied the accusations by the United States of stealing U.S. intellectual property rights and that the U.S. is violating anti-trust law, even going so far as to brazenly claim that their practice is to protect intellectual property rights. China accuses ...
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