Daniel Wong is the Director at Hang Seng Indexes Company. “New megatrends are having an increasingly significant impact on our daily lives. Our two new megatrend indexes are designed to help investors capture potential opportunities arising from these innovative and transformative trends in the mainland China and Hong Kong stock markets.”
- Hang Seng Indexes Company recently launched the Hang Seng China Metaverse Index, and Genomics and Oncology Index, focusing on performance of Chinese companies
- US Federal Communications commission member requests Apple, Google remove TikTok from app stores over China-related data security and policy compliance concerns
- China and NFTs: “…should hold relevant regulatory permits…enforce user real-identity checks…resolutely ban financial speculations and promote rational consumption…”
- China: Pinduoduo social e-commerce platform expected to overtake rivals JD and Alibaba in terms of gross merchandise value growth by 2024
- ICYMI: China’s TikTok preparing to launch warehousing plan called ‘Aquaman’ for UK e-commerce business, aiming shorten the time needed for cross-border logistics
- China: Meitu beauty app anticipates near $52M in crypto investment losses for H1 2022 alone, resulting from crypto crash
- China: Tencent begins testing NFT avatars for use in QQ music app, minus ability to trade NFTs due to government regulations around speculation
- China: Internet regulator amps up crackdown on online scams, removing 42,000 counterfeit financial service apps and adding to fraud blacklist of 3.8M sites and 514,000 apps
- China: An overview of the increasing, and often undefined, restrictions on content, behaviour and even dress being placed on the country’s livestreamers, leading to bans and self-censorship
- China: TikTok parent firm ByteDance to launch Kesong social media app, stepping up competition with Xiaohongshu social e-commerce rival
- China: Tencent News shuts NFT trading feature following gov’t ban on secondary trading of digital collectibles; Tencent’s Magic Core NFT trading firm also suffers
- China: Geely automaker launches Radar Auto electric pickup, claiming a range of 595km and stepping into direct competition with Rivian electric vehicle range
- China: Weibo, the country’s Twitter clone, to further boost censorship, regulating deliberately misspelt words used to discuss state-censored topics and events
- China: Syrius Robotics lands $7.4M Series B with advanced autonomous warehouse robots capable of planning routes and reacting in real time
- ICYMI: China’s Huawei under investigation in the US over concerns that cell towers fitted with its gear may capture information from military bases and missile silos
- China’s digital yuan: “…full launch of the currency remains elusive as a population used to mobile payments such as Alipay and WeChatPay sees no reason to abandon their familiar apps.”
- Malaysia: Huawei Spark Accelerator 2022 competition launches, aiming to identify, incubate, accelerate and boost the innovation of Malaysia’s startups and deep tech firms
- ICYMI: France to build major microchip facility, boosting capacity from 10,000 to 22,000 wafers per week, partly in EU move to minimize China supply exposure
- Myanmar: Military junta is now installing cameras with facial recognition technology from Huawei, Hikvision and Dahua, claiming ‘smart city’ move and not protestor identification
- Australia: Telstra completes acquisition of Digicel Pacific in Au$2.4BN deal, in part a geopolitically-astute move to counter China’s influence activities in the region
- SNA round-up: Twitter vs the Indian government; earned-wage-access fintech in Indonesia; China’s Weibo boosts CCP censorship efforts; Taiwan’s EVs in Thailand; Australia’s Intersekt fintech conference; agri-tech in Cambodia…
GSMA: Digital Societies in Asia-Pacific – progressing towards digital nations
ASIA’S tech news: OTHER EDITIONS
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