BEIJING Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will start allowing third-party vendors to offer services such as food delivery and hotel bookings on its Alipay mobile payment platform in an expansion beyond its financial services focus. Alipay traditionally competes against Tencent Holding’s WeChat pay in China for mobile...
PENANG, Malaysia Tech firms at Malaysia’s one-time Silicon Valley of the East, swimming in orders from customers fleeing trade war-hit China, have seen fortunes turn again in the space of just a year as the coronavirus outbreak cuts them off from Chinese suppliers. Semiconductor test equipment manufacturer Pentamaster Corp. saw its...
Elizabeth Paton (The New York Times) PARIS – When the last model stepped off the runway at Louis Vuitton and the fall 2020 shows drew to a close last week, it was clear that diversity on the catwalks had become a genuine reality and not just a seasonal trend –...
Jason Farago (The New York Times) GHENT, Belgium – God is in the details, they assure you; but some art is so jam-packed with details, each hair so fine, each fold so painstaking, that it surpasses even the divine. Nearly six centuries ago here, the painter Jan van Eyck used...
BANGKOK Thailand’s largest retailer, Central Retail Corporation (CRC), plans to expand domestic online sales as well as its business in Vietnam, as the coronavirus outbreak slows economic growth at home, its top executive said February 27. Shares of CRC, which went to market on February 20 in the country’s largest initial...
NEW DELHI A false rumor that the coronavirus can be spread by chickens has slashed Indian poultry sales by almost 50 percent, top supplier Godrej Agrovet said last week. “A lot of misleading posts on social media, especially on WhatsApp, have created a false impression that humans can contract the coronavirus...
BEIJING Shares in China’s Nio Inc. surged more than 30 percent after it signed framework agreements with Hefei’s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Cash-strapped electric vehicle (EV) maker Nio is the most prominent among dozens of Chinese electric vehicle...
MEXICO CITY China’s appetite for Mexican steaks and other cuts of beef is expected to increase more than 40 percent this year, in part due to disruptions caused by the coronavirus outbreak, according to Mexico’s top cattle association. Chinese buyers represent only about 4 percent of Mexico’s foreign beef sales but...
TAIPEI Taiwan’s Foxconn said it aims to gradually restart operations at factories in China this week but it could take one to two weeks from then to resume full production due to the coronavirus outbreak, a person with direct knowledge of the matter said. Foxconn, which makes smartphones for global vendors...
Maikel Jefriando and Tabita Diela (Reuters) MANILA The Philippines is beefing up security protocols to protect its energy sector from foreign interference, its national security adviser said, following concerns raised by some of the country’s politicians about China’s access to the Philippine power grid. Chinas State Grid Corporation owns a 40 percent...