The reductions, equal to about 9 per cent of employees at the Indonesian unit, will commence as soon as this month, according to people familiar with the matter. The final number is under discussion and could fluctuate as conditions change, the people said. Indonesia is among the earliest markets for ByteDance’s e-commerce ambitions – and … Read more
Meituan, China’s biggest on-demand services provider, on Thursday reported a higher-than-expected 25 per cent year-on-year increase in first-quarter revenue, boosted by gains from its core local commerce operations led by food delivery. The Beijing-based company posted revenue of 73.3 billion yuan (US$10.1 billion), up from 58.6 billion yuan in the same period last year, as … Read more
My starting point is the Lanna Traditional House Museum, in Chiang Mai, which features several traditional teak buildings, with their high pitched roofs and raised floors, that once stood elsewhere. Kittichai Wattananikorn, a retired professor and local author, at the Lanna House Museum in Chiang Mai, which features several traditional teak buildings with high pitched … Read more
Lemon8, which has been described as a cross between Instagram and Pinterest, is a content-curation platform featuring lengthy blog-style posts that emphasise photos over videos. Users can browse, record and engage with popular content that includes fashion, travel, food and health. It has been the most downloaded lifestyle app on Apple’s App Store in the … Read more
The number of visitors – from 15 countries across Europe and Southeast Asia included in China’s visa exemption scheme – who used Alipay during the holiday was up fourfold this year, according to Ant. 13:33 Tourism trouble: post-pandemic hurdles of China travel Tourism trouble: post-pandemic hurdles of China travel Since the middle of last year, … Read more
This fuzziness is not new of course. The securitisation of global economic networks stretches back decades with the United States wielding tools including dollar weaponisation and trade sanctions, as well as using capital for geopolitical gains. China’s past economic coercion of Australia and Vietnam is simply a borrowed play by a different team. Unsurprisingly, as … Read more
Apple added eight Chinese suppliers and removed four contractors on the mainland during its past financial year ended September, the first time since 2021 that the US tech giant introduced more suppliers from the country than it cut, according to its newly published supplier list. Despite Apple’s recent efforts to diversify its supply chain and … Read more
Firstly, pack light. You’ll be living in T-shirts, shorts and flip-flops most of the time and you can easily pick up cheap clothes in Southeast Asia. You certainly won’t need to take a coat, although a long-sleeved shirt will be useful for when the air conditioning is turned up to 11 (shopping malls, buses, restaurants, … Read more
By coincidence, two days before the UN resolution was adopted, the World Meteorological Organization released its annual State of the Climate report. It confirmed last year as the warmest on record and was an indictment of just how much damage human activity continues to wreak on the environment, with records broken again for greenhouse gas … Read more
The Asia partnership, which is led by Jenny Lee and Jixun Foo in Singapore, has been rebranded as Granite Asia. Its name comes from Granite Global Ventures, GGV’s original handle when the firm was founded in 2000. Singapore-based Granite Asia is headed by senior managing partners Jenny Lee (above) and Jixun Foo. Photo: Bloomberg The … Read more
