Tag: hi-tech

Reward for failure?

businessman-hands-euro-banknotes-money-bag-28941305The EU plans to contribute €6.3m to a support package for 611 Danish workers laid off by wind turbine giant Vestas because they were victims of Chinese competition.

The European Commission set up its little-known European Globalisation Adjustment Fund back in 2007 to help European workers who loses their jobs due to ‘changing global trade patterns’. (continue reading…)

That’s rich

china wealthOnce again, China sets a new record. This times its for billionaires as there are an astonishing 168 billionaires in China in 2012, up from 146 a year earlier, according to Forbes magazine’s annual China Rich List, which ranks the 400 richest people in China (continue reading…)

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PE industry places bets

chinese-shanghai-yuan-505x300What are the hottest sectors in China for attracting private equity investors?

Ravenous energy demands and chronic environmental problems have, not surprisingly,  put alternative energy, energy saving and environmental protection firmly on the radar screen as favorite areas for PE  investment. (continue reading…)

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What’s ‘Welcome to Britain’ in Chinese?

uk_flagjpgWhen the UK lowered the flag on its former colony of Hong Kong in 1997, China was still playing catch-up with other Asian economies. Today, China is second only to the US in economic might and the UK, along with every other country in the world, is keen to build closer ties. (continue reading…)

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Smartphone OEMs look to grow beyond China

coolpadChina is different, particularly when it comes to its smartphone market. Three smartphone brands — Coolpad, Lenovo and Xiaomi —which are unknown to western consumers all managed to beat Apple in China.

According to research firm ABI Research, Samsung retained its leading smartphone market share of 17% in Q2 2013, Lenovo took second with 13%, Coolpad was third with 10%, and Xiaomi edged out Apple with 6.5% share.

(continue reading…)

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China moves up in innovation league

Once, the words ‘innovation’ and ‘China’ rarely appeared in the same sentence. But things are changing fast and innovators in mainland China are gaining rapidly in competitiveness compared with companies in developed economies of Europe, the US and elsewhere. (continue reading…)

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Western Digital drives into China

western-digital-logoWestern Digital, the US disk drive manufacturing giant,  clearly sees a bright future for China, both as a market and as a manufacturing base.

The firm’s board recently went to China to visit the firm’s operations in the PRC, but this trip went beyond the usual round of factory visits as WD seems to leveraged some pretty impressive guanxi(continue reading…)

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Coming to your screen soon

Remember when Japanese firms dominated the TV industry?Japan’s once unbeatable consumer electronics industry is going through tough times and South Korea’s Samsung has now built an indominable lead over its Nippon rivals in the TV market.
(continue reading…)

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Foxconn expands and shrugs

69151325.jpgBusiness is booming for Foxconn, the controversial hi-tech contract manufacturer that supplies Apple.

It plans to expand its facilities in China by opening a high-tech manufacturing facility in south China’s island province of Hainan. The Taiwanese firm’s existing facilities in China are all on the mainland in cities such as Shenzhen and Chengdu.
(continue reading…)

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