Shanghai Starboard to rival Nasdaq on Wall Street

China’s launch of  a new technology focused stock exchange  to rival Nasdaq on Wall Street has underlined the significance of state funding to the country’s fastest growing tech sector. Of the first 25 companies listed on Shanghai’s Starboard, 14 report state-owned investors  among their top three shareholders . The first 25 listing, which raised $5.3bn,…

Global Watchdogs wants closer scrutiny of Facebook on Libra

Facebook’s dreams of launching a  new virtual currency have hit the buffers  as two more financial regulators including International Financial Stability Board and the UK’s Financial Conduct Authority said yesterday they were paying close attention to the social media company’s plans. The regulators would not allow the world’s largest social network to launch its planned…

5G is finally here in the UK across six cities

Better-on-the-internet experience is here with the %G launch by EE promising downloads faster than 4G ( 1000megabits per second) less lag. You can stream favourite TV program on the go, Facetime or Facebook on demand with an entire box set of our choice all from the comfort of 4G smartphone. 5G is superfast with the…

Amazon better watch out

Alibaba, the Chinese ecommerce group, is overhauling its business model of a fast-growing subsidiary in an attempt to offer a complete international service which can challenge Amazon, the world’s largest online retailer. Trudy Dai, President of Alibaba’s wholesale marketplaces division AliExpress, which sells goods from Chinese retailers to customers in more than 150 countries –…

Tencent kills mobile game

Tencent suddenly pulled the PlayerUnknown’s Battlegrounds mobile game in China, migrating gamers to the less catchy and more politically correct Heping Iingying, or Elite Force for Peace. Tencent is ditching its blockbuster PUBG, one of the money spinners, on the mainland, where it has failed to win commercial licences for many of its latest top…

Highly successful eCommerce in rural India

In rural India internet usage is turbocharged by lower data prices,  ecommerce growth is now the fastest outside India’s eight tier one cities, and industry rivals like Amazon which has committed over £5bnand local rivals are competing fiercely for a new wave of customers. Young entrepreneur Ananda Mishra founded his small ecommerce business Grozip in…

US 5G ban fails to dent Huawei revenue

The Shenzhen-based Huawei’s first quarter revenue rose 39 per cent from the previous year to Rmb179.7bn (£21bn), suggesting US efforts to persuade countries to ban the Chinese group’s telecoms equipment from their 5G networks have not tempered growth. Although Australia and Canada have joined US in blocking Huawei kit several European countries have effectively rowed…

Brand’s Instagram close-ups

  For companies starting-up Instagram has helped provide a “level playing platform”. Dirty Lemon, which raised $15m in seed funding at a valuation of $60m last December, is among scores of  start-ups that have leveraged Instagram’s 1bn  users to build  their businesses. Kylie Jenner, Kim Kardashian, sinpijama have all benefited. “Brands have gone all in…

Snapchat gets gaming platform

Snapchat is following the mobile gaming lead of WeChat and Facebook Messenger by adding games to Snapchat  as it tries to puts failures of 2018 behind it. Snap is hoping to tap the  £54bn ($70bn) mobile gaming market, when Apple, Google, Tencent and Microsoft are all making new bids for developers’ and players attentions. The…

Online censorship of the web

China’s Great Firewall once a glorified porn filter has evolved into the most sophisticated system of online censorship in the world In China you can erase and delete all your Twitter posts after publishing a data analysis of government officials, plagiarised academic work. Over the past year, Beijing’s censors have for the first time tried…