More than 300 Chinese firms including Meituan Dianping, China’s largest food delivery company, and smartphone maker Xiaomi Corp are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus, two banking sources said. The firms, including China’s dominant ride hailing service provider, Didi Chuxing Technology Co, Megvii […]
Archives for February 2020
Egypt’s Canal Sugar to start production in 2021 – CEO
DUBAI (Reuters) – Egypt’s Canal Sugar will produce 400,000 tonnes a year of white sugar when it starts production in the 2021 season, the chief executive said on Monday. Construction of the company’s sugar beet factory will be completed this year and the project will reach full capacity of 900,000 tonnes of white sugar a […]
Samsung withdraws cashback scheme with Amazon Pay after offline retailers protest
Samsung India has withdrawn its consumer promotion with Amazon’s digital payment service, Amazon Pay, for smartphones after huge protest from offline cellphone retailers that the offer would mean hooking the customer to Amazon and mandatory registration of retailers in the marketplace which would ultimately hurt their business. According to two senior industry executives, the Korean […]
Airbnb suspends bookings in Beijing for rest of February
Airbnb said on Monday it has suspended bookings in Beijing until Febreuary 29 as death toll from the coronavirus outbreak in China exceeded 900. “In light of the novel coronavirus outbreak and guidance from local authorities for the short-term rental industry during this public health emergency, bookings of all listings in Beijing with check-in from […]
The Most Efficient Financial Advisor Marketing Strategies And The True Cost To Acquire A Client
Executive Summary For more than 20 years, industry benchmarking studies have helped financial advisors understand how to manage the profitability of their businesses, and ensure that the costs to service clients are in line with the fees they’re being charged. However, remarkably little research has been done into the costs that must be incurred to […]
Chase de Vere hits back at incentives criticism
National IFA firm Chase de Vere has hit back at newspaper reports that it has over-incentivised its advisers to boost sales. According to the Times, a recent awards ceremony in Manchester saw trophies presented to top selling advisers who were also rewarded with holidays to the South of France for being top fee earners. The […]
Engaging closely with academia, civil society to enrich platform: TikTok
TikTok on Monday said it is working with academia and civil society to enhance engagement, and enrich and empower the short-video platform. TikTok, which is owned by Chinese firm ByteDance, said it is also harnessing the power of artificial intelligence to show relevant content to the users. “We look at best practices, work with academia […]
Amazon moves Karnataka HC to quash CCI probe
E-commerce major Amazon has filed a petition in the Karnataka High Court to quash an investigation ordered by India’s competition watchdog into the alleged malpractices of the American etailer and its chief rival Flipkart. Amazon also sought an interim stay on the investigation, as per the petition filed, Monday. Amazon said the investigation would cause […]
IndiGo launches Hindi website for flight bookings
IndiGo on Monday started its Hindi website for customers who want to use it as their language of choice for flight bookings. India had 637 million internet users as of March 2019, with Hindi content consumption witnessing a growth of 94 per cent in 2018-19, the low-cost carrier stated in its press release. Over the […]
Enterprise mindsets need to transform for the truly connected world
SPONSORED INTERVIEW Bernd Gross is the chief technology officer of Software AG, having joined the company following its acquisition of Cumulocity, which he founded in 2012 as part of a management buy-out from Nokia Siemens Network. With 25 years of international experience in the IT industry and in management positions, including in the UK, Finland […]