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Ma’s First Africa Trip About Empowering Young Entrepreneurs - Alizila
Alibaba Group Executive Chairman Jack Ma made first ever trip to Africa this week, visiting Kenya and Rwanda in his role as special adviser for the United Nations Conference on Trade and Development to promote entrepreneurship as a path to economic growth.

Ma, who serves as UNCTAD’s Special Adviser for Youth Entrepreneurship and Small Business, landed in Nairobi on Thursday and will continue on to the Rwandan capital of Kigali on Friday. He will meet with members of the public and private sectors to explore ways to bring young business owners in Africa into the larger global economy.

“When you invest in young people, you invest in the future,” Ma said in a statement. “I am excited by the work we are doing at UNCTAD to unleash the entrepreneurial potential of Africa’s youth.”
apac  africa 
7 days ago by dancall
What US retailers can learn from ‘cashless lifestyle’ in China - Alizila
Chinese consumers have been early adopters of the cashless lifestyle using mobile payment platforms for everything from shopping and renting bikes to paying utility bills and even hospital bills. China spent an estimated $5.5 trillion through mobile payment platforms last year alone—roughly 50 times the amount in the U.S. according to the Financial Times.

These mobile payment-savvy Chinese consumers are visiting North America in droves, and the number is growing. This year, the number of Chinese travelers in the U.S. is expected to grow to four million, bringing with them not only enthusiasm for shopping for items they otherwise wouldn’t be able to find in China, but different payment expectations birthed through technology and built to meet cultural norms that are vastly different than those in the U.S.
apac  mobile  payment  future 
7 days ago by dancall
Chinese umbrella-sharing startup loses most of its 300,000 umbrellas in three months - The Verge
The sharing economy has made it easier for communities to peer exchange anything from a spare bedroom in your house to car rides and bicycles. But the model doesn’t work for everything, as one umbrella-sharing startup learned the hard way. Just under three months after launch, China-based E Umbrella has reportedly lost almost all of its 300,000 umbrellas available to rent across 11 Chinese cities.
apac  airbnb  new-companies  fail 
7 days ago by dancall
In China, shared napping pods startup forced to close
The latest tech craze in China involves sharing. Shared bikes, umbrellas, basketballs, all available in a few clicks of an app. But these startup businesses are quickly running into major trouble – like the bike-sharing app that got 90 percent of its bikes stolen, and the umbrella-sharing service that saw nearly all its 300,000 umbrellas vanish into thin air.

And now another sharing service in China is going through its own nightmare – a napping pod startup has been forced to close because it failed to get the relevant permits.
apac  airbnb  fail  new-companies 
7 days ago by dancall
Hema Supermarket Offers Shoppers a ‘New Retail’ Experience - Alizila
Zhang toured one of the 10 neighborhood stores in Shanghai with Executive Chairman Jack Ma last week and held up the fresh-food focused Hema as an example of the “New Retail” model, which Alibaba has successfully incubated for the past two years. “New Retail” uses technology and data to merge online and offline shopping, offering consumers a more-efficient and more-flexible shopping experience.

The Hema experience starts with a download of the mobile app. That links right up to a customer’s Taobao or Alipay account. Customers who don’t have accounts yet can easily sign up. And then the shopping begins, wherever the customer is.
ecommerce  retail  apac  future  o2o 
8 days ago by dancall
BCG Details How to Keep Pace with Fast-Changing Global Trade - Alizila
Case in point: Goods worth $700 billion are traded through e-commerce giants Alibaba and Amazon each year, representing a compound annual growth rate of more than 33 percent since 2012, according to BCG. Moreover, cross-border business-to-consumer transactions are expected to soar to near $1 trillion in 2020 from the $530 billion anticipated for this year.

The question, however, is whether stakeholders are keeping up, the consultancy asked in the report, “Adapting to a New Trade Order.”
ecommerce  apac  alibaba  amazon  stats 
8 days ago by dancall
The New York Times
It has nothing to do with debt, infrastructure spending or the other major economic topics du jour. It has to do with cash — specifically, how China is systematically and rapidly doing away with paper money and coins.

Almost everyone in major Chinese cities is using a smartphone to pay for just about everything. At restaurants, a waiter will ask if you want to use WeChat or Alipay — the two smartphone payment options — before bringing up cash as a third, remote possibility.

Just as startling is how quickly the transition has happened. Only three years ago there would be no question at all, because everyone was still using cash.
apac  payment  trends  mobile 
11 days ago by dancall
Winnie the Pooh blacklisted by China’s online censors 
Posts including the Chinese name of the fictional bear were censored on Sina Weibo, ChinaTwitter-like platform, over the weekend, while a collection of animated gifs featuring the bear were removed from social messaging app WeChat.

While no official explanation was given, observers suggested the crackdown was related to previous comparisons of President Xi Jinping with the portly bear created by the English author AA Milne that went viral.

The ban is the latest escalation of online censorship in the run-up to this autumn’s Communist party congress, where key political appointments will be announced.
apac  funny  content 
11 days ago by dancall
Uber reaches 630k drivers across Asia
Uber now has 630,000 drivers across Asia from a global total of 2 million, said Andrew Macdonald, the ride-hailing firm’s general manager for Latin America and Asia-Pacific, in conversation today with Tech in Asia.

The new figure comes ahead of Uber’s launch in Cambodia. “Teams on the ground are preparing to launch there,” said Macdonald, without revealing a start date.
uber  stats  apac 
15 days ago by dancall
What Does the Customer Want? Big Data Knows - Alizila
One example of “Made in Internet,” the theme of the conference and a play on “Made in China,” comes from Chinese appliance maker Midea. Midea in 2015 manufactured a dishwasher tailored to the needs of China’s millennials. Previous generations of Chinese consumers did not purchase dishwashers, and most of Midea’s products had been exported for sale overseas. But data collected from Tmall showed that millennials wanted dishwashers designed specifically for Chinese cookware, not only to clean it but to store it as well. The new smart device also allowed the young shoppers to control the water volume and temperature through the AliSmart mobile app. During last year’s 11.11 shopping extravaganza, Midea sold over 8,000 of these dishwashers, setting a new daily sales record.
apac  ecommerce  conse  casestudies  hardware  measurement 
16 days ago by dancall
Young Entrepreneurs Step Up at Taobao Maker Festival - Alizila
This trend is increasingly playing out on Taobao—and one that is as much about content consumption, lifestyle and community as it is shopping these days. That switch is driving ever greater levels of engagement among users, who, on average, log into the mobile app nearly eight times a day. Users spend, on average, between 24 and 29 minutes per day shopping, watching live-streamed broadcasts, playing augmented reality games or chatting in buyer forums. Time spent on the app is consistently higher than traditional ecommerce and even ahead of social apps such as Instagram and Snapchat according to Comscore and Quest Mobile.
ecommerce  future  video  apac  stats  makers  teens 
16 days ago by dancall
Tackling television – Contagious I/O
To teach children in China a few football tricks, Adidas has created Daily Football, a TV series featuring football coach Tom Byer training primary school-age kids how to play.
The year-long series is split into 365 three-minute episodes and will air on local TV channel, China Education TV, every day at 6:15pm. Each episode will show Byer giving the children step-by-step instructions on how to perform various football moves.
apac  tv  content  sportswear  advertising  kids 
16 days ago by dancall
Tencent to limit time children play game online amid addiction fears | South China Morning Post
Tencent Holdings , China’s biggest gaming and social media firm by revenue, said it would limit play time for some young users of Honour of Kings from Tuesday, amid claims that children were getting addicted to the popular mobile game.
Parents and teachers have complained that children were becoming addicted to the multiplayer online battle game, which, according to the company, has more than 200 million users, making it the world’s most popular game of its kind.
Users below 12 years of age will be limited to one hour of play time each day, while those aged between 12 and 18 will be limited to two hours a day, Tencent said.
gaming  apac  stats  kids 
21 days ago by dancall
Baidu, Alibaba, Tencent, Flipkart among 50 smartest companies
At number 11 on the list is Beijing-based Face++, the world’s first unicorn to specialize in facial recognition, after a US$100 million funding round in December.
Face++ analyzes 106 points on a person’s face. Its software is used by Alipay to let users log in with their face as ID. Ride-sharing company Didi Chuxing uses it to identify its drivers, and smartphone app maker Meitu uses it to offer photo-retouching features.
recognition  new-companies  apac  technology  trends 
21 days ago by dancall
China Is About to Bury Elon Musk in Batteries - Bloomberg
As Elon Musk races to finish building the world’s biggest battery factory in the Nevada desert, China is poised to leave him in the dust.
Chinese companies have plans for additional factories with the capacity to pump out more than 120 gigawatt-hours a year by 2021, according to a report published this week by Bloomberg Intelligence. That’s enough to supply batteries for around 1.5 million Tesla Model S vehicles or 13.7 million Toyota Prius Plug-in Hybrids per year, according to Bloomberg New Energy Finance.
apac  batteries  energy 
25 days ago by dancall
Mobike tries out Netflix-style subscription
For a monthly fee, China’s urbanites can now hop onto a bicycle for their daily commute.
Mobike, one of the nation’s top two dockless bike-share startups, yesterday rolled out a Netflix-style subscription for its service as an alternative to the usual pay-as-you-ride charge. It’s offering the first month for free, followed by 20 RMB – that’s US$3 – per month thereafter. So that’s a whole year of riding for the cost of seven Starbucks cappuccinos.
A Mobike representative tells Tech in Asia the aim is to “support riders” and “increase rider loyalty.”
bikes  apac 
27 days ago by dancall
Five Profiles That Explain China’s Consumer Economy Localized Page Metadata
As in developed countries, the younger generation in China (people aged 18 to 35) shows a greater appetite for consumer goods. In 2016, this group made 1.5 trillion dollars’ worth of purchases (up from $700 billion in 2011), and projections call for a continued sharp rise in their spending, to $2.6 trillion in 2021, reflecting a compound annual growth rate of 11%, compared with a CAGR of just 5% for purchases made by consumers aged 36 or older. (See Exhibit 4.) At that point, aggregate consumption by the younger generation will exceed that of older age groups in China.
apac  demographics  economics  ecommerce  stats 
28 days ago by dancall

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