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.
This article is by: Reuters
Read more about it here: Three Chinese companies to build Tallinn-Helsinki tunnel
An excerpt from Reuters:
A Chinese-funded Finnish company working on a Tallinn-Helsinki undersea tunnel project said on Friday it will work with three Chinese companies on the final design and building of the 100 kilometer (60-mile) tunnel, which forms part of Beijing’s Belt and Road initiative.
FinEst Bay Area Development said it signed a memorandum of understanding with China Railway International Group, China Railway Engineering Company, China Communications Construction Company. The new partners were needed as Finland and Estonia had limited resources in tunnel boring and high-speed train technologies.
Finland and Estonia have for years considered linking their capitals, which are divided by the Gulf of Finland. The tunnel would cut the travel time to 20 minutes from the two-hour ferry ride, conducted by thousands of people daily. A 2017-published feasibility study commissioned by the two governments said the planned tunnel could open in 2040 but the builders said it could be built by the end of 2024, with some parts opening already before.
This article is by: China Internet Watch
Read about it here: Alibaba, Huawei & Tencent among the top 15 DBMS market share ranks 2018
An excerpt from China Internet Watch:
Gartner published a new report titled “The Future of the Database Management Systems (DBMS) Market Is Cloud” stating that cloud is now the default platform for managing data. The overall DBMS Market grew at 18.4% from 2017 to 2018 – its best growth in over a decade. Only Cloud DBMS accounted for 68% of that growth.
In the report, Gartner published also the top 15 of companies that operates DBMS. In this chart we found three Chinese companies: Alibaba (9th), Huawei (11th), and Tencent Cloud (13th) made it to the top 15 of Gartner Total DBMS Market Share Ranks 2018. The reports shows that cloud DBMS is the future. All organizations, big and small, will be using the cloud in increasing amounts in the coming years.
This article is by: Foreign Policy
Read about it here: China’s Global Investments Are Declining Everywhere Except for One Region
An excerpt from Foreign Policy:
The total value of China’s global investments and construction contracts actually fell by $100 billion in 2018, according to data analyzed from the American Enterprise Institute’s China Global Investment Tracker. Just about every region saw a significant decline in Chinese investment or construction projects except, surprisingly, for one: the Middle East and North Africa (MENA).
Of the 2018 MENA total, nearly three-quarters was targeted at Egypt, the United Arab Emirates, and Saudi Arabia. Those three countries also make up half of the “$20 billion club”—the group of countries with more than $20 billion worth of projects from China dating back to 2005.
A flurry of Chinese investment and construction projects in the MENA region over the last three years has made it a key geoeconomic partner for Beijing. The MENA region ranked as the second-largest recipient of investment and Chinese construction projects worldwide after Europe in 2018.
This article is by: World Economic Forum
Read more about it here: This Chinese megacity is building a giant waste-to-energy plant
An excerpt from World Economic Forum:
The architects of what is set to be the world’s largest waste-to-energy plant describe their creation as simple, clean and iconic. It’s a mammoth structure which sits on the outskirts of the city of Shenzhen in southern China and once operational will process up to 5,000 tonnes of waste each day.
With a population of 20 million people, the city produces a lot of waste: about 15,000 tonnes daily according to SHL Architects, which will be used by the plant to generate electricity. Part of the attraction of waste-to-energy technology is that it’s a dual-purpose solution – it rids urban areas of their growing waste problem, while generating electricity as a byproduct.
The process captures heat from incinerating unwanted waste materials, which drives a turbine to generate electricity.
China has the largest installed waste-to-energy capacity of any country, with more than 300 plants in operation. This capacity has increased annually by 26% over the past five years, compared with just 4% average growth in capacity in OECD countries.
The world’s population will reach 9.8 billion by 2050, according to UN predictions, with 68% of those people living in cities, making solutions that remove urban waste and produce energy attractive to investors.
Your On-the-Ground People in China.
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