After the wars, and eventual merger, of the car-sharing companies, attention has turned to the bike-sharing firms. But bike-sharing is fundamentally different, warns Peking University business professor Jeffrey Towson in E27, and history will not repeat itself. Bike-sharing is not part of the sharing economy, he explains.
Category Archives: finance
While the jury is still out on what China´s role will be at the post-Brexit Trump era of global trade, president Xi Jinping did emerge as a global player at the World Economic Forum, tells leading economist Arthur Kroeber at Bloomberg.
President Xi Jinping will visit the World Economic Forum next week in Davos as the first Chinese head of state. It is part of China´s push for international recognition, but political and financial analyst Victor Shih sees at this stage little room for progress, he tells at the Economic Times.
China is becoming fast one of the most innovative markets, explains Shanghai-based managing director William Bao Bean of the Chinaccelerator. Fintech and mobile will leave their marks on 2017, he explains to a non-Chinese audience. While startups have a hard time to find funding, 9% of the startups in Shenzhen get one million US dollar in funding. In stead of joining foreign multinationals, young Chinese prefer now an entrepreneurial career.
Often innovator William Bao Bean prefers to give the stage to his China-related innovative startups, but ahead of the MOX – the Mobile Only Accelaretor in both Taipei and Singapore in March, E27 profiles the force behind China´s drive for innovation.
China sees a massive capital flight, putting its currency, the yuan, under pressure. For that reasons, says accounting professor Paul Gillis to the VOA, are capital flight and China´s garage sale of US treasuries closely linked.
Increased government restrictions on the outflow of capital will severely impend the outbound M&A activities in the first quarter of 2017, after a record year in 2016, expects business analyst Shaun Rein, according to the South China Morning Post.
Almost all Chinese consumers use their mobile phone to pay, most overwhelmingly by Alipay. Fintech expert Andy Mok discusses at CCTV the implications. The technology is inplace, but the regulators are still slowing the implementation, he says. Regulation by the government is unavoidable, but in a way that serves the consumers.
LinkedIn published an annual ranking of top voices, placing professor Jeffrey Towson, one of our speaker, in its top-10 for economy and finance. “They’ve weighed in on the biggest financial stories of the year, memorably tackling topics as diverse as the future of China’s economy to the need for change at major banks.