This article is by: CNN
Read more about it here: I-Space becomes China's first private firm to put satellite into orbit
An excerpt from CNN:
"I-Space, also known as Beijing Interstellar Glory Space Technology Ltd or StarCraft Glory, launched a rocket carrying two satellites on Thursday, according to Chinese state news agency Xinhua. The successful launch of the Hyperbola-1, or SQX-1 Y1, rocket from the Jiuquan Satellite Launch Center, in northwest China's Gobi Desert, marked ""a new chapter in China's private commercial aerospace," the company said in a statement Thursday.
In the past, several Chinese companies have tried unsuccessfully to launch satellites into orbit: Landspace's 2018 attempt ended in failure, as did an attempt this March by OneSpace, which has only achieved suborbital flight.
"China is just bigger than everyone else -- they have more people, they have more engineers, they have more scientists," said Blaine Curcio, founder of Hong Kong-based space industry research firm Orbital Gateway Consulting, of China's space ambitions. "The implication is that, if they keep getting better at scale, they are probably going to be come the leading power at some point. It's just a matter of time."
This article is by: Asia Times
Read more about it here: China’s Nio tops electric cars in quality
An excerpt from Asia Times:
New energy vehicle startup Nio has the best quality among all electric auto brands, outperforming its counterparts by established luxury car makers, the findings of a new study show. Shanghai-based Nio ranked first for quality with a score of 67 PP100, or the number of problems experienced per 100 vehicles, followed by BMW, which scored 82 PP100, according to a study by US market research agency J.D. Power released today.
The research, covering 41 models from 21 brands, is based on feedback from 2,770 car owners who bought their vehicles between last September and March this year. It focuses on the quality issues encountered by NEV owners within the first two to six months of ownership. Nio represents the class of EV startups that could shake up the Chinese auto industry by building brands with an image premium enough to appeal to China’s rich customers, who have always looked to German, Japanese, and American brands. The company said it has invested US$290 million in the operations.
Nio’s power unit is on track to operate 1,100 charging stations and 1,200 power delivery vans by 2020 in cities across mainland China, and it aims for the launch of an independent app for Nio Power in the next two months. The company also operates a US$1.5 billion venture investment fund in the US and is seeking new opportunities to invest in new electric car technologies.
This article is by: South China Morning Post
Read more about it here: Chinese architects win international contest to redesign Notre Dame’s roof and spire after devastating fire
An excerpt from South China Morning Post:
US publishing company GoArchitect announced on Monday that Cai Zeyu and Li Sibei were the winners of the People’s Notre Dame Design Competition, a worldwide competition to come up with a modern redesign after the devastating fire in April. Their design was selected from 226 proposals from 56 countries in an online vote of 30,000 people, with the other finalists coming from Canada, Japan, the United States and Britain.
The winning proposal from the Chinese pair, named Paris Heartbeat, would see the cathedral being given a mirrored roof and spire that would reflect the cityscape and produce a kaleidoscopic effect. “The spire’s tip, symbolising the Paris heartbeat, moves rhythmically up and down breathing and beating together with the city,” Cai said, adding that people would be able to see the light’s kaleidoscopic reflections inside the tower.
He said their design had tried to visualise the cathedral’s rebirth using architectural language, adding that this was “the best way to show our great respect for the past of Notre Dame and best wishes for its future”.
This article is by: Strategy Business
Read more about it here: China’s herd of unicorns
An excerpt from Strategy Business:
"The standard definition of a unicorn is a privately held startup valued at more than $1 billion. Currently, when people think of Chinese unicorns, they think of the handful of companies that have risen to global status in two decades or less: companies such as Alibaba, Baidu, JD.com, and Tencent. Since these few are already valued at $10 billion or more, they are now known as “superunicorns.”
Many more Chinese unicorns are coming up behind them, still relatively unknown because they currently operate only within China, which is large enough to sustain them for some time. But sooner or later, many of this second wave of Chinese unicorns will grow into global industry giants.
In China, as the Internet era has transformed business, unicorns have been created at an accelerating rate. Only the U.S. has as many as China. According to the May 2019 Greater China Unicorn Index from Shanghai-based research firm Hurun, there are currently more than 200 such companies in China, 21 of them having entered the ranks in the first quarter of 2019 — almost one per week. "
This article is by: Forbes
Read more about it here: Success Of Shanghai Innovation House Reveals How Nike's Safeguarding Its Brand Supremacy
An excerpt from Forbes:
"The new Nike's Innovation House in Shanghai – the first of two new performance focused prototypes (the other is in New York) designed to supersede the original Niketown superstores – may be its grandest and most revealing venture to date.
The four-level, 41,150 sqft space has had 85 million impressions on social media, approximately 30k visitors per day, 4,000 trials on the interactive ‘center court’ experience and revenues of 1.6 times target.
A vast atrium encompassing a digitally-enabled, motion-sensitive ‘Center Court’ hosts talks, workshops and digitally-led training sessions and in early 2019 and where the screens (both wall and floor) trigger information about the exact footwear being tried on.
As biomechanics, smart products and elite sports analytics become increasingly mainstream, brands will need to step up into the role of wellness brokers, supporting consumers’ personal fitness goals in a much more intimate way far beyond localised style preferences. The space designed to react and evolve is already effecting the thinking and planning of all current and future [Nike's] retail spaces."
This article is by: Technode
Read more about it here: Alipay expands footprint in Africa with Flutterwave tie-up
An excerpt from Technode:
Chinese e-commerce giant Alibaba has partnered with Silicon Valley and Lagos-based fintech fintech startup Flutterwave to provide digital payments for African merchants using Alipay, TechCrunch reported.
The partnership allows the Hangzhou-based firm the opportunity to expand its merchant network in Africa. With the partnership, Flutterwave’s 60,000 merchants will be able to accept Alipay as a payment method and tap into the platform’s vast pool of over 1 billion users, according to CEO Olugbenga Agboola.
This article is by: World Economic Forum
Read more about it here: What you need to know to understand Belt and Road
An excerpt from World Economic Forum:
Announced by Chinese President Xi Jinping in 2013, the Silk Road Initiative, also known as China's Belt and Road Initiative, aims to invest in infrastructures projects, including railways and power grids, in central, west and southern Asia, as well as Africa and Europe.
If all goes according to plan, the Belt and Road will change the shape of the world economy and world politics, returning us to a time when China occupied the center of global networks.There will be new infrastructure, of course, and that will be an obvious and easy metric of success. In twenty or thirty years some of the new Belt and Road projects will likely stand as the highest example of what human ingenuity can achieve in its drive to master natural forces. A bridge crossing the Caspian Sea may make road transport between Europe and China fast and easy, changing old mental maps separating continents.
As it expands, the Belt and Road is bound to become also increasingly futuristic. Self-driving vehicles on land, sea and air and trillions of connected devices worldwide will be empowered by a Belt, Road and Space fleet of China-centered satellites. Chinese companies are already planning to engage in deep-space economic activity, like building orbit solar power plants, and mining asteroids and the moon.
This grand project is measured in decades, with its conclusion planned for 2049, the centenary of the founding of the People’s Republic of China.
This article is by: South China Morning Post
Read more: Alibaba to take on Amazon, opening business-to-business services to US companies
An excerpt from South China Morning Post:
Alibaba Group opened its business-to-business (B2B) online marketplace to US companies on Tuesday, taking on its US rival Amazon.com as part of the Chinese e-commerce giant’s plan to grow its market share internationally.
In a further push to grow its business outside China, the Alibaba platform will let US manufacturers, distributors and wholesalers sell their products and services to other American and global businesses and wholesalers.
With this launch, Alibaba takes on Amazon, which has a similar B2B platform since 2015 – Amazon Business – that caters to similar clients in the US.
This article is by: Channel News Asia
Read more about it here: BMW, Tencent to open computing center in China for self-driving cars
An excerpt from Channel News Asia:
German automaker BMW and Chinese online gaming giant Tencent Holdings are teaming up to launch a computing center in China that will help develop self-driving cars.
The computing center, which will start operations by the end of the year, will provide cars with data-crunching capabilities to help them drive semi-autonomously and, eventually, autonomously. BMW said the new computing center will leverage Tencent's cloud computing and big data, and provide the automaker with infrastructure needed to develop the autonomous cars.
BMW says it will likely introduce semi-autonomous cars in China in 2021 which would need massive computing power to analyse real-time flow of digital information on road and traffic conditions.
This article is by: McKinsey & Company
Read more about it here: Asia's Future is Now
An excerpt from McKinsey & Company:
In the decades ahead, Asia’s economies will go from participating in these flows to determining their shape and direction. Indeed, in many areas—from the internet to trade and luxury goods—they already are. The question is no longer how quickly Asia will rise; it is how Asia will lead.
The common thread across this diverse region is an upward trajectory across key economic and social indicators. In 2000, Asia accounted for just under one-third of global GDP, and it is on track to top 50 percent by 2040. By that point, it is expected to account for 40 percent of the world’s total consumption. Asia is making not only economic progress but rapid strides in human development, from longer life spans and greater literacy to a dramatic surge in internet use.
The region’s rise has not only lifted hundreds of millions out of extreme poverty; it has also raised living standards more broadly for people of every income level. Urbanization is fueling economic growth and opening doors to education and public health services.
In the 2018 Fortune Global 500 ranking, 210 of the world’s 500 biggest companies by revenue were Asian. Asia’s share of the top-performing firms globally has also increased from 19 percent to 30 percent over the past two decades. McKinsey Global Institue also looked more broadly at the 5,000 largest global firms. In 1997, Asia accounted for only 36 percent of them, but by 2017, that share was up to 43 percent.
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