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15 Jan Alibaba, TikTok woo US with AI and live-streaming e-commerce at CES trade show, setting the tone for 2024

Posted at 10:00h in Asia

“With advances in AI, we are ushering in the next generation of sourcing and empowering small businesses to succeed with our Smart Assistant at their side,” Chris Lu, general manager at Alibaba.com North America, said in a statement last week.The Alibaba.com booth features the e-commerce...

15 Jan Global economy seen weakening in 2024

Posted at 09:58h in Europe

Boris Roessler | Picture Alliance | Getty ImagesThe majority of economists surveyed by the World Economic Forum expect the global economy to weaken this year, saying that geopolitical fragmentation around the world will deepen."Global economic prospects remain subdued and fraught with uncertainty," WEF's report, published...

15 Jan Opinion | Tragic start to 2024 fails to dampen Japan hotels’ allure for investors

Posted at 09:30h in Asia

The brisk recovery has been a boon to Japan’s hotel investment market. Although hotels only account for 6 per cent of Asia’s commercial property transaction volumes, they comprised 15 per cent of investment activity in Japan in the first three-quarters of last year, according to...

15 Jan Middle East investments in China to bloom in amount, scope in 2024 as sovereign wealth funds aim to diversify: bankers

Posted at 09:15h in Asia

Saudi Crown Prince Mohammed bin Salman (right) welcomes Chinese President Xi Jinping in Riyadh on December 8, 2022. Photo: AFP“Middle Eastern sovereign wealth funds see opportunities in the attractive valuations of Chinese companies at the moment, and in the medium to long-term they are also...

15 Jan How smart marketing, scarce supply and unique colours made the Stanley cup a must-have item

Posted at 09:00h in Canada

The Stanley Quencher, pictured for sale on the company's website, is an insulated stainless steel travel mug that's become extremely popular on social media and among consumers. A dramatic rise in the company's revenue is being attributed in part to the tumbler. (Stanley)The Stanley cup...

15 Jan Overheard on connecting trains from Zurich to Davos Platz

Posted at 08:19h in Europe

Zurich's main train stationMacKenzie SigalosDAVOS, Switzerland — It took 18 hours, a Lyft, two planes, three cross-country train rides, and a drive in a Volvo sports utility vehicle to get from midtown Manhattan to an apartment on Scalettastrasse, a snow-lined street in the heart of...

15 Jan Beijing Stock Exchange launches corporate bond trading in milestone for US$21 trillion debt market

Posted at 08:08h in Asia

The Beijing Stock Exchange has kicked off trading of corporate bonds, giving a boost to China’s 150 trillion yuan (US$21 trillion) debt market, as the mainland’s newest bourse expands its array of products beyond equities.Three bonds, issued by state-backed investment companies, debuted on Monday, a...

15 Jan Hong Kong hedge fund Torq Capital winds down as founder heads for Citadel

Posted at 04:44h in Asia

Hong Kong-based hedge fund Torq Capital Management is closing up shop after more than seven years of operation, with its founder and chief investment officer, Avinash Abraham, moving to Citadel, the companies said.The market-neutral fund focusing on Asian equities was founded in 2016 by Abraham,...

15 Jan Distressed Chinese builder Logan aims to cut leverage by US$3 billion as some creditors consent to US$8 billion debt workout plan

Posted at 00:00h in Asia

Distressed Chinese developer Logan Group has pledged to trim its debt level to align with the size of its business, after winning approval from some offshore creditors and its controlling owner to reorganise almost US$8 billion of debts.The Shenzhen-based developer aims to reduce its...

14 Jan CES 2024: Hong Kong start-ups attract interest from Microsoft, Best Buy amid overseas push

Posted at 23:00h in Asia

Microsoft and Best Buy expressed interest in Hong Kong start-ups at CES 2024, after the city’s pavilion at the world’s largest consumer electronics show saw the most interest there in years.Last Tuesday, the first day of the trade show in Las Vegas, Microsoft...

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