DOCSLIB.ORG

WIC Template

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
WIC Template 1 Talking Point 6 Week in 60 Seconds 7 Auto Industry Week in China 8 Rise of the Renminbi 9 Aviation 10 Energy and Resources 11 Telecoms 13 Economy 1 February 2013 14 Society and Culture Issue 180 19 And Finally www.weekinchina.com 20 The Back Page Apple boss in China makeover? m o c . n i e t s p e a t i n e b . w w w With Apple’s shares in a slump, Tim Cook looks to China for growth Brought to you by Week in China Talking Point 1 February 2013 Tim Cook’s Chinese whispers Is a deal with China Mobile the answer to Apple’s share slump? China in his hands: Tim Cook on a visit to China, which he says will soon be Apple’s biggest market “ he only companies that report feeling a little miffed that the news cisions ahead. The most important? Tbetter quarters pump oil,” was greeted with an 11% slump in Whether to broker a possibly game- Apple’s chief executive Tim Cook the Apple share price. In fact, the changing deal with China Mobile. boasted to colleagues last week, company’s stock has been in decline after announcing the company’s for months – mostly on fears that So why is the share price down? latest results. its days of supercharged growth Sellers of Apple’s shares argue that In fact, Apple’s $13.1 billion profit may be behind it. revenues failed to meet market ex - was the world’s fourth best, with There are, of course, still some pectations for the third successive only Gazprom, Shell and Exxon- bulls out there, and the über Apple quarter. Gross margins also showed Mobil enjoying better quarters in fans remain steadfastly hopeful the signs of substantive decline, while corporate history. stock will eventually hit $1,000. But unit sales of 47.8 million iPhones Charged with what many onlook - as Tim Cook has probably realised, came in below expectation too. Al - ers regard as the almost impossible getting the stock heading back in though the quarterly profit of $13.1 P h o t o task of taking over from Steve Jobs, that direction looks increasingly de - billion set a new record, it was only S o u r Cook delivered the record profit in pendent on Apple delivering big marginally up (by $14 million) on c e : R e Apple’s most recent fiscal quarter. sales growth in China. To pull this the previous period. u t e r s So perhaps he can be forgiven for off Cook has some big strategic de - Apple stock is now down more 1 Week in China Talking Point 1 February 2013 than a third from its most recent high of just over $700 last Septem - ber. Its boosters are fighting back on two main fronts. In the short run, the analyst community is being blamed for overhyping their revenue and profit forecasts (a piece in Fortune magazine sug - gested that “Apple’s analysts did worse than the company this quar - ter”). But the other response is that, in the longer term, it’s unrealistic to expect Apple to keep on delivering growth at recent levels, as the law of large numbers is bound to have a braking effect. Michael Moritz, chairman of in - Regional Bond House Dim Sum Bond House vestment firm Sequoia Capital, said of the Year of the Year something similar in the Financial Times on Monday, warning that it was hard for such a huge company to keep growing quite so fast. Attacking the “mewling and mindless pandemonium” of the company’s critics, Moritz also pointed out that if Apple were a Singapore Equity House Best International of the Year Bond House country, its revenues would rank it 45th in GDP terms, above Pakistan and New Zealand. “Almost enough to make you think Apple should have a seat in the UN,” he quipped. How about China’s contribution? Revenues from China were cele - Best Local Currency Best Offshore RMB House Bond House brated as a highlight, and for the first time Apple broke out the data for a new Greater China sales terri - tory – which it defined as China, Hong Kong and Taiwan. Perhaps that was because the re - sults were the best ever, with sales of $6.8 billion – 67% up year-on- year, much faster than the global Best Export Finance RMB House of the Year Bank in Asia-Pacific average. Sales of iPhones also dou - bled in the quarter. Apple now looks fully focused on the China market, after a long pe - riod in which the country seemed a lesser priority (see our Focus Issue The Magnificent Seven for a fuller HSBC operates in various jurisdictions through its affiliates, including, but not limited to, HSBC Bank plc, authorised and regulated by the Financial Services Authority, The Hongkong and Shanghai Banking Corporation Limited, HSBC Securities (USA) Inc., member of NYSE, FINRA and SIPC, and discussion). HSBC Bank USA, NA. 13-0002 As WiC has also reported before, 2 Week in China Talking Point 1 February 2013 Steve Jobs never visited China in an But isn’t Apple choosing margin billion over its fiscal 2012 period official capacity but Cook made his over market share? tells a very different story. China second visit in less than a year last Asked during the earnings call Wireless reported profits of just month, telling the local press that whether Apple should be selling under $20 million in its own most he expects China to overtake the cheaper smartphones, Cook ap - recent earnings announcement, for United States as Apple’s largest peared to reject the idea, claiming the first six months of last year. market soon. “I cannot accurately that he had no interest “in revenue Nonetheless, there are unsub - predict when that will happen, but I for revenue’s sake”. stantiated rumours that Apple is have no doubt that it will,” he told Phil Schiller, senior vice presi - working on a lower-priced phone it Sina, an internet news portal. dent of marketing, told the Shang - will launch in the coming months. hai Evening News something Not that Cook said anything to con - Any clouds on the horizon? similar recently, saying that Apple firm this during the earnings call, Despite the record revenues, Apple’s won’t develop cheaper phones to but he did highlight that Apple has a critics say it is locking itself out of grab market share. history of offering different prod - the fastest-growing area of the Chi - ucts at different price points, citing nese market by refusing to offer the release last year of the iPad mini. lower-price smartphones. He also insisted that the Californian Much of last week’s media cover - firm has never feared cannibalising age picked up on this concern, usu - its product portfolio, with the launch ally citing a December report from of the iPhone cutting into iPod rev - market researcher IDC, in which enues, and sales of the iPad displac - Apple dropped from third to sixth in ing some for the MacBook. smartphone sales, behind rivals like The counterview is that Apple Samsung, Lenovo, Huawei and ZTE. will struggle to develop a smart - Because most of the unit growth phone priced low enough to pick up in China is coming at the lower end significant new market share – and of the market, IDC estimates that that it would be foolhardy to even Apple’s market share fell to 4.2% in try, because of the impact on prof - the quarter ending last September, Coolpad, even cooler price? its. Company guidance is already from 5.8% in the same period a that higher sales volumes for the year earlier. But with new smartphone sales iPad mini this year will pull down The concern is that Apple is pric - in China expected to reach 240 mil - gross margins across the company. ing itself out of the market, as more lion by the end of 2013, the question Launching lower-priced iPhones and more Chinese opt for cheaper is whether Apple can afford to ig - would accelerate the decline. handsets, many of them running on nore the entry-level market. One alternative is to keep prices Google’s Android. Steven Millward, writing at the where they are but make payment Aside from its better-known Tech In Asia blog, warned that doing an easier undertaking. Apple’s re - competitors, Apple was outsold so might see Apple repeat the early cent launch of China payment plans too by China Wireless Technolo - error in software strategy that made is an attempt to do just that: cus - gies, whose Coolpad handsets each Mac OS into a fringe platform, tomers wanting to buy products retail for about Rmb700 ($112). dwarfed by the widely used Win - from its online store can now pay in Prices for the iPhone 5 start at dows. Will it miss out on the millions up to 12 monthly instalments, on an Rmb5,288, and even former insid - of potential customers who can’t af - interest-free basis. The service, ers say that the gap should be a ford to pay out two or three months’ which is offered to holders of China wake-up call for the company’s salary for the latest iPhone, he asked? Merchants Bank credit cards, also al - management. Apple “needs to Cook’s likely response is that lows for payments over longer peri - adapt to where the growth is,” one - Apple is trumping its smartphone ods (up to 24 months), although in time chief executive John Sculley rivals in revenue and profit com - this case interest charges apply.
Load more

Recommended publications
  • In the United States District Court for the Eastern District of Texas Marshall Division Fundamental Innovation Systems Internati
    Case 2:20-cv-00117 Document 1 Filed 04/23/20 Page 1 of 24 PageID #: 1 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF TEXAS MARSHALL DIVISION FUNDAMENTAL INNOVATION SYSTEMS INTERNATIONAL LLC, Plaintiff, Civil Action No. 2:20-cv-00117 vs. COOLPAD GROUP LIMITED, COOLPAD JURY TRIAL DEMANDED TECHNOLOGIES, INC., and YULONG COMPUTER TELECOMMUNICATION SCIENTIFIC (SHENZHEN) CO. LTD., Defendants. COMPLAINT FOR PATENT INFRINGEMENT AND JURY DEMAND Plaintiff Fundamental Innovation Systems International LLC (“Plaintiff” or “Fundamental”), by and through its undersigned counsel, brings this action against Defendants Coolpad Group Limited, Coolpad Technologies, Inc., and Yulong Computer Telecommunication Scientific (Shenzhen) Co. Ltd. (collectively “Defendants” or “Coolpad”) to prevent Defendants’ continued infringement of Plaintiff’s patents without authorization and to recover damages resulting from such infringement. PARTIES 1. Plaintiff is a Delaware limited liability company with a place of business located at 2990 Long Prairie Road, Suite B, Flower Mound, Texas 75022. 2. Plaintiff is the owner by assignment of all right, title, and interest in U.S. Patent Nos. 7,239,111 (the “’111 Patent”), 8,624,550 (the “’550 Patent”), 7,834,586 (the “’586 Patent”), 8,232,766 (the “’766 Patent”), and 7,986,127 (the “’127 Patent”) (collectively, the “Patents-in- Suit”). 06904-00001/12059581.3 Case 2:20-cv-00117 Document 1 Filed 04/23/20 Page 2 of 24 PageID #: 2 3. On information and belief, Defendant Coolpad Group Limited is a company duly organized and existing under the laws of the Cayman Islands, with a place of business located at Coolpad Information Harbor, No.
    [Show full text]
  • GC Influencers Have Been Chosen Following Research Among Private Practice Lawyers and Other In-House Counsel
    v GC Influencers CHINA 2019 Friday, 11th January 2019 JW Marriott Hotel, Hong Kong Programme Engaging content, networking and celebration with leading General Counsel and top ranked lawyers globally. GC Influencers For more informationCHINA visit 2019 chambers.com A5-Advert-Forums.idml 1 22/10/2018 12:17 Welcome SARAH KOGAN Editor Chambers Asia-Pacific Meet the most influential General Counsel in China today. Chambers has provided insight into the legal profession for over 30 years. During this time, in-house lawyers and third-party experts have shared their views on the value and importance placed on the role of the General Counsel. No longer just the ethical and legal heart of a business, these professionals now sit as influential participants at board level. Effective managers, industry pioneers, diversity and CSR champions: these Influencers show the way. Research Methodology: Our GC Influencers have been chosen following research among private practice lawyers and other in-house counsel. We identified the key areas in which GCs have displayed substantial influence: Engaging content, • Effective management and development of an in-house team • Navigation of substantial business projects such as M&A or strategic networking and business change. • Development of litigation strategy and understanding the pressures faced celebration with leading within industry General Counsel and top • Bringing diversity & inclusion and CSR to the forefront of industry. ranked lawyers globally. • Ability to influence and respond to regulatory change Our aim is to celebrate excellence within the legal profession. This dynamic hall of fame encourages collaboration among the in-house legal community. Our GC Influencers have created best practice pathways endorsed by both private practice and other in-house lawyers.
    [Show full text]
  • Ping An: Insurance and Tall Buildings 3. Conference Proceeding Ctbuh
    ctbuh.org/papers Title: Ping An: Insurance and Tall Buildings Authors: Wai Ming Tsang, Executive Director, Ping An Financial Centre Construction & Development Stephen Yuan, General Manager - Risk Management Department, Ping An Life Insurance Company of China Subjects: Building Case Study Security/Risk Urban Infrastructure/Transport Keywords: Connectivity Risk Supertall Publication Date: 2015 Original Publication: Global Interchanges: Resurgence of the Skyscraper City Paper Type: 1. Book chapter/Part chapter 2. Journal paper 3. Conference proceeding 4. Unpublished conference paper 5. Magazine article 6. Unpublished © Council on Tall Buildings and Urban Habitat / Wai Ming Tsang; Stephen Yuan Ping An: Insurance and Tall Buildings Abstract Wai Ming (Thomas) Tsang Executive Director The Ping An Finance Center in Shenzhen will become one of the most significant tall buildings Ping An Financial Centre in China and the world when completed in 2016. As the headquarters of a major insurance Construction & Development, company, in a prominent location subject to intensive weather conditions, the preparations Shenzhen, China to insure Ping An Finance Center were of a scale appropriate to that of the building and its stature. This paper details the determination of the risk profile and the chosen insurance policies Mr. Tsang Wai Ming, or Thomas, joined Ping An Real Estate as undertaken for the project. the CEO of Shenzhen Ping An Financial Center Construction and Development Limited Company in April 2012. Before he joined Ping An, he worked in Sun Hung Kai Properties, one of the largest global real estate developers headquartered in Keywords: Insurance; Tall Buildings Hong Kong. He acted as the Project Director of Sun Hung Kai Properties, mainly in charge of the Shanghai IFC & Suzhou ICC buildings.
    [Show full text]
  • China Consumer Close-Up
    January 13, 2015 The Asian Consumer: A new series Equity Research China Consumer Close-up The who, what and why of China’s true consumer class Few investing challenges have proven more elusive than understanding the Chinese consumer. Efforts to translate the promise of an emerging middle class into steady corporate earnings have been uneven. In the first of a new series on the Asian consumer, we seek to strip the problem back to the basics: Who are the consumers with spending power, what drives their consumption and how will that shift over time? The result is a new approach that yields surprising results. Joshua Lu Goldman Sachs does and seeks to do business with +852-2978-1024 [email protected] companies covered in its research reports. As a result, Goldman Sachs (Asia) L.L.C. investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Sho Kawano Investors should consider this report as only a single factor +81(3)6437-9905 [email protected] Goldman Sachs Japan Co., Ltd. in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Becky Lu Appendix, or go to www.gs.com/research/hedge.html. +852-2978-0953 [email protected] Analysts employed by non- US affiliates are not registered/ Goldman Sachs (Asia) L.L.C. qualified as research analysts with FINRA in the U.S. January 13, 2015 Asia Pacific: Retail Table of contents PM Summary: A holistic view of the Asian consumer 3 China’s cohort in a regional context (a preview of India and Indonesia) 8 What they are buying and what they will buy next: Tracking 7 consumption desires 11 Seven consumption desires in focus 14 1.
    [Show full text]
  • Urbanization and Sustainability in Asia
    5. People’s Republic of China APRODICIO A. LAQUIAN INTRODUCTION The PeopleÊs Republic of China (PRC) is the most populated country in the world and is undergoing rapid economic development and urbanization. Relevant statistics on the countryÊs development are presented in Table 5.1. Most of the population still live in rural areas. However, by 2030, urban populations are expected to grow by more than 300 million, with 60% of the population living in urban areas. The ability to manage this expected level of urban development will be a major challenge. Significant social and environ- mental problems are already arising from 20 years of rapid growth. This chapter examines some issues facing urbanization in the PRC and introduces three case studies: Revitalizing the Inner City·Case Study of Nanjing, Shenzhen; Building a City from Scratch; and Reviving Rust-belt Industries in the Liaodong Peninsula. The case studies provide examples of the application of good practice in support of sustainable urban development. The final part of the chapter reflects on what has been learned. The PRCÊs commitment to sustainable development can be traced to its participation at the 1992 United Nations Conference on Environment and Development. Two years later, the State Council approved the „White Paper on ChinaÊs Population, Environment and Development in the 21st Century.‰ In that document, sustainability as „development that meets the needs of the present without compromising the ability of future generations to meet theirs‰ (WCED 1987) was taken as official policy. The PRC also approved Agenda 21 that spelled out its developmental policies and programs. The PRCÊs Agenda 21 program set as a target the quadrupling of the countryÊs gross national product (GNP) (1980 as the base) and increasing CCh5_101-134.inddh5_101-134.indd 101101 111/15/20061/15/2006 44:26:55:26:55 PMPM 102 Urbanization and Sustainability in Asia its per capita GNP to the level of „moderately developed countries‰ by the year 2000.
    [Show full text]
  • China Chuanglian Education Financial Group Limited 中國創聯教育金融集團有限公司
    China Chuanglian Education Financial Group Limited 中國創聯教育金融集團有限公司 年報 Annual Report 2017 2017 A N N U A L R E P O R T 2 0 17 中國創聯教育金融集團有限公司 年報 China Chuanglian Education Financial Group Limited (前稱「中國創聯教育集團有限公司」) (formerly known as “China Chuanglian Education Group Limited”) (於開曼群島註冊成立之有限公司 ) (incorporated in the Cayman Islands with limited liability) (股份代號：2371) (Stock Code: 2371) Page Contents Corporate Information 2 Financial Summary 3 Chairman’s Statement 4 Management Discussion and Analysis 7 Biographical Details of Directors and Senior Management 20 Corporate Governance Report 23 Environmental, Social and Governance Report 35 Report of the Directors 47 Independent Auditor’s Report 61 Consolidated Statement of Profit or Loss and 68 Other Comprehensive Income Consolidated Statement of Financial Position 70 Consolidated Statement of Changes in Equity 72 Consolidated Statement of Cash Flows 74 Notes to the Consolidated Financial Statements 76 Corporate Information Executive Directors Principal Bankers Mr. LU Xing (Chairman of the Board) Citibank, N.A. Mr. LI Jia Mr. WU Xiaodong Registered Office Mr. WANG Cheng Cricket Square Mr. LI Dongfu Hutchins Drive P.O. Box 2681 Independent Non-executive Directors Grand Cayman KY1-1111 Mr. LEUNG Siu Kee Cayman Islands Mr. WU Yalin Ms. WANG Shuping Principal Place of Business in Hong Kong Room 905–06, 9/F., Company Secretary China Evergrande Centre Mr. SUNG Chi Keung 38 Gloucester Road Wanchai, Hong Kong Audit Committee Principal Share Registrar and Transfer Office Mr. LEUNG Siu Kee (Chairman of the Audit Committee) SMP Partners (Cayman) Limited Mr. WU Yalin Royal Bank House — 3rd Floor Ms. WANG Shuping 24 Shedden Road P.O.
    [Show full text]
  • 2016Semi-Annual Report
    CHINA CONVERGENCE FUND A Sub-fund of Value Partners Intelligent Funds SEMI-ANNUAL 2016 REPORT For the six months ended 30 June 2016 Value Partners Limited 9th Floor, Nexxus Building 41 Connaught Road Central, Hong Kong Tel: (852) 2880 9263 Fax: (852) 2565 7975 Email: [email protected] Website: www.valuepartners-group.com In the event of inconsistency, the English text of this Semi-Annual Report shall prevail over the Chinese text. This report shall not constitute an offer to sell or a solicitation of an offer to buy shares in any of the funds. Subscriptions are to be made only on the basis of the information contained in the explanatory memorandum, as supplemented by the latest semi-annual and annual reports. CHINA CONVERGENCE FUND A Sub-fund of Value Partners Intelligent Funds (A Cayman Islands unit trust) CONTENTS Pages General information 2-3 Manager’s report 4-9 Statement of financial position (unaudited) 10 Investment portfolio (unaudited) 11-15 Investment portfolio movements (unaudited) 16 SEMI-ANNUAL REPORT 2016 For the six months ended 30 June 2016 1 CHINA CONVERGENCE FUND A Sub-fund of Value Partners Intelligent Funds (A Cayman Islands unit trust) GENERAL INFORMATION Manager Legal Advisors Value Partners Limited With respect to Cayman Islands law 9th Floor, Nexxus Building Maples and Calder 41 Connaught Road Central 53rd Floor, The Center Hong Kong 99 Queen’s Road Central Hong Kong Directors of the Manager Dato’ Seri Cheah Cheng Hye With respect to Hong Kong law Mr. Ho Man Kei, Norman King & Wood Mallesons Mr. So Chun Ki Louis 13th Floor, Gloucester Tower The Landmark Trustee, Registrar, Administrator and 15 Queen’s Road Central Principal Office Hong Kong Bank of Bermuda (Cayman) Limited P.O.
    [Show full text]
  • Electric Bus Revolution of Shenzhen City in China Report by India Smart Grid Forum (ISGF)
    Electric Bus Revolution of Shenzhen City in China Report by India Smart Grid Forum (ISGF) Shenzhen is the only city in the world where all the public buses are electric. During the period from 2011 to 2017, they replaced all the diesel buses with electric buses. There are 16359 electric buses in operation in Shenzhen City. Significance of this number is to be viewed from the perspective that in 2017, there were only 956 electric buses in entire Europe and less than 500 in entire United States. (Please see table at Appendix –A for the number of electric buses in China and rest of the World). Brief History of Shenzhen City In 1979 the Chinese Government under President Deng Xiaoping established Special Economic Zones (SEZs) in the Pearl River Delta region, with Shenzhen being the first SEZ allowing foreign direct investments under the open economic policies. It was a small fishing village called Bao'an County with a population of 30,000 which was renamed as Shenzhen City in 1979. Shenzhen's official population was 12 million in 2005, making the demographic 99% migrants. Present population is estimated at 22 million (by 2010, there were 22 million registered SIM cards in Shenzhen).Fastest growth in human history. In the same period, the economic growth has also been unprecedented in history - GDP grew from 1.96 million RMB in 1979, to 500 billion RMB in 2005. In 2016, Shenzhen's GDP totaled US$303.37 billion - higher than that of countries like Portugal, the Republic of Ireland, and Vietnam. Its ppp per-capita GDP was $49,185 (unregistered migrant population not counted) as of 2016, on par with developed countries such as Australia and Germany.
    [Show full text]
  • Information for Prospective Candidates
    INFORMATION FOR PROSPECTIVE CANDIDATES Thank you for your interest in Harrow Shenzhen (Qianhai). We hope you find the following information helpful and look forward to receiving your application. Contents 1. Asia International School Limited 2. Harrow International School Shenzhen (Qianhai) 3. Message from the Head Master 4. Harrow International Schools • Leadership for a better World • Academic Progression • Boarding 5. Leadership values 6. The benefits of working with Harrow Family in Asia 7. Other Schools in The Harrow Asia Family • Harrow Bangkok • Harrow Beijing • Harrow Hong Kong • Harrow Shanghai 8. What we are looking for 9. Living and working in Shenzhen • Cost of Living • The transport system • Weather • Living in Shenzhen • Tourism • Hospitals and clinics • Shopping • Forums and Directories • Frequently Asked Questions ASIA INTERNATIONAL SCHOOL LIMITED The Leading Provider of World Class British international Education Building on Harrow School’s 450-year legacy of educational excellence, Asia International School Limited (AISL) has over 20 years of experience, operating Harrow international schools in Bangkok (1998), Beijing (2005), Hong Kong (2012) and Shanghai (2016). AISL is the holding company of Harrow International Schools (HISs), Harrow Innovation Leadership Academies (HILAs) and Harrow Little Lions Childhood Development Centres (HLLs). From 2020, HILAs will commence operations in several tier-one and tier-two cities in China, providing an outstanding K-12 bilingual and holistic education to local students, assuring a successful pathway to the world’s top universities. We currently operate two HLLs, in Shanghai, adjacent to our HIS, and in Chongqing. There are advanced plans to open several more in the near future. Harrow – 450 Years of Heritage Harrow School was founded in London in 1572 under a Royal Charter granted by Elizabeth I.
    [Show full text]
  • Form of Proxy
    COOLPAD GROUP LIMITED 酷派集團有限公司 (incorporated in the Cayman Islands with limited liability) (Stock Code: 2369) FORM OF PROXY Form of proxy for use at the extraordinary general meeting (the “EGM”) of the shareholders of Coolpad Group Limited (the “Company”) to be held at Meeting Room 1, 3/F, Boton Group Building, intersection of Chuangke Road and Chaguang Road, Nanshan District, Shenzhen, the People’s Republic of China on Friday, 19 June 2020 at 3:30 p.m. (or as soon as practicable immediately after the conclusion or adjournment of the annual general meeting of the Company convened to be held at 3:00 p.m. on the same date and at the same place). I/We of (Note 1) being the registered holder(s) of (Note 2) share(s) of HK$0.01 each (the “Share(s)”) in the share capital of the Company, HEREBY APPOINT(Note 3) of or failing him/her, the chairman of the EGM, to act for me/us at my/our proxy(Note 4) at the EGM to be held at Meeting Room 1, 3/F, Boton Group Building, intersection of Chuangke Road and Chaguang Road, Nanshan District, Shenzhen, People’s Republic of China on Friday, 19 June 2020 at 3:30 p.m. (or as soon as practicable immediately after the conclusion or adjournment of the annual general meeting of the Company convened to be held at 3:00 p.m. on the same date and at the same place) for the purpose of considering and, if thought fit, passing the resolution set out in the notice convening the EGM and at the said meeting (or as soon as practicable immediately after the conclusion or adjournment of the annual general meeting of the Company convened to be held at 3:00 p.m.
    [Show full text]
  • HK Talents Eye Greener Pastures in Bay Area
    8 HK | BUSINESS Friday, June 22, 2018 CHINA DAILY HONG KONG EDITION HK talents eye greener pastures in Bay Area Guangdong cities prime the pump as One major SAR startups head north for a future goal of the plan (the Greater By CHAI HUA in Shenzhen Now, they’ve managed to get Bay Area) is to allow [email protected] hold of a plot of land about 20 times bigger than that Lo had at Hong Kong and With the the university and on which he blueprint has hinged his career. Macao to be bet- for the high- Lo aspires to be a farmer with ter integrated with profi led a di erence — using technol- Guangdong- ogy and planting by computer. Guangdong’s indus- Hong Kong- To be specific, the trio eyes Macao building the largest and most trial chains.” Greater Bay advanced aquaponics produc- Wang Fuqiang, director of the Area set in motion, member tion base in China. department of industrial planning cities of the Pearl River Delta Aquaponics — a novel and at the China Center for Interna- (PRD) cluster have emerged green farming technique their tional Economic Exchanges as potential fertile grounds for startup is developing — refers Hong Kong entrepreneurs from to the combination of aquacul- tural di erences. But, with the a wide spectrum of the city’s ture (raising fi sh) and hydro- national planning of the Bay budding industries. ponics (the soilless growing of Area in top gear, an improve- Victor Lo, Fung Leung and plants). The environmentally- ment in the situation may well Mandy Tam are all young entre- friendly and sustainable pro- be on the horizon.
    [Show full text]
  • The Development and Evolution of China's Mobile Phone Industry
    Working Paper Series No.2013-1 The Development and Evolution of China’s Mobile Phone Industry Shin-Horng Chen and Pei-Chang Wen April, 2013 Chung‐Hua Institution for Economic Research 1 The Development and Evolution of China’s Mobile Phone Industry Shin‐Horng Chen and Pei‐Chang Wen Chung‐Hua Institution for Economic Research, Taiwan Abstract This paper examines the development and evolution of China’s mobile phone industry, with a special focus on the effect of migration to smartphones on the industrial ecosystem and industrial transformation. The Chinese market was dominated not long ago by Shanzhai handset makers, which were often associated with notorious elements of bandit, copy cats, piracy, and illegal network access. However, in the migration from 2G to 3G and smartphones in China, a few home‐grown brands have become the leading suppliers of smartphones, outperforming international premium brands, such as Nokia, Motorola and even Apple. With an intensive case study, the paper takes into account the significance of layered platform‐based development in the migration towards smartphones and mobile digital services to examine the rise of the Chinese brands for smartphones. In addition, the paper discusses a co‐evolution process of social and market factors in shaping Chinese “good‐enough innovations”, highlighting the role of distinct demands in the Chinese market and the growing popularity of mobile internet services within Chinese walled garden with heavy regulations and censorship. Moreover, the paper discusses the role of industrial standards in the Chinese migration of smartphones, by referring to a “three‐level model for standards and innovation in ICT”, including the infrastructure, middleware (service platform) and application levels.
    [Show full text]