Alibaba and SoftBank have announced a new joint venture targeting Japan’s competitive cloud computing market.The new company, SB Cloud Corporation, will open a new data centre in Japan and plans to provide public cloud computing services from the Chinese e-commerce conglomerate’s Alibaba Cloud subsidiary, according to an announcement by the companies.In 2016 Japan ranked second among top markets for global cloud services according to a case study by the US Department of Commerce’s International Trade Administration. Despite an established market of local competitors, the administration noted t...
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For some, China represents a positive scenario of structural reforms returning the country to its position as the engine of world growth. Not only do we think this is unlikely, we actually believe China poses a systemic risk of historic proportions.It is now clear that China is not smoothly passing its growth baton from exports and investment to the service sector. Official GDP data still show growth, but this has decelerated significantly despite numerous interest rate cuts and massive fiscal support.Debt is keyThe reason for such weakness is debt. It is hard to exaggerate the magnitude of th...
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2016
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China was the most promising consumer market in Asia in 2015, and will probably remain so in the next four years, according to a Bloomberg report released Thursday."Even as China’s economy slows and its population ages, it appears set to remain the most attractive Asian market for retailers in the years ahead," said Bloomberg economists in "Insight: Asia retail forecasts show China market to stay No. 1."The report said the Asia-Pacific region accounted for just under a third of Apple’s revenue, and more than half of the revenue of Yum! Brands, operator of fast food chains i...
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2016
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An phrase has popped up this year in Chinese economy talk: “L-shaped growth.” In January, an interview with an “authoritative figure” appeared in the People’s Daily, the communist party’s mouthpiece. “China’s economy is unlikely to achieve a V-shape rebound, but instead an L-shape growth,” the anonymous figure said.The phrase returned to the pages of the People’s Daily May 9， this time with an “authoritative insider,” who insisted that “Chinese economic movements will not be ‘U-shaped,’ let alone ‘V-shaped,’ but ‘L-shaped’.”It’s unclear who this insider is, or if it is the same person in both ...
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2016
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Elon Musk’s vision of a Hyperloop transport system that carries passengers in pressurized tubes at near-supersonic speeds is set to be demonstrated in a public test later today.The Paypal founder and boss of SpaceX and Tesla Motors, outlined his futuristic idea in 2013 as a way of carrying passengers from Los Angeles to San Francisco in under 35 minutes.He challenged innovators to bring the dream to life and Hyperloop Technologies, one of the startups that picked up the gauntlet, is hosting a ’sneak preview of the future of transportation technology’.It will be showcased in a two-day event bil...
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2016
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