Post Tagged with: "China technology"

China?s loss-making Luckin Coffee start-up doubles down on subsidies to win customers from Starbucks

China?s loss-making Luckin Coffee start-up doubles down on subsidies to win customers from Starbucks

Luckin Coffee, the loss-making challenger to Starbucks, is doubling down on its store expansion and consumer subsidies this year, with plans to open about 2,500 new outlets in the world?s most populous nation. That would bring the Xiamen-based start-up?s total number of stores in the country to more than 4,500, […]

Chinese AI, biotech talent in line for biggest increase in bonuses, according to survey

Chinese AI, biotech talent in line for biggest increase in bonuses, according to survey

Workers in China?s hi-tech industries will see the biggest increase in bonuses across sectors for 2018, defying a slowdown in economic growth, according to a survey released by state-owned human resources consultancy China International Intellectech on Wednesday. The average bonus for employees of companies in industries such as artificial intelligence, […]

Are we in danger of taking technology for granted and losing the magic of innovation?

Are we in danger of taking technology for granted and losing the magic of innovation?

Technology has become truly pervasive. It is wide and it is deep. It transcends industries, professions, economies (developed and emerging) and straddles the globe, showing no respect for borders or passports. Technology has presented us with a somewhat eccentric narrative over the years. In the 1950s and 1960s, technology was […]

Baidu CEO warns that ?winter is coming? amid slowing growth, economic restructuring

Baidu CEO warns that ?winter is coming? amid slowing growth, economic restructuring

Baidu chief executive Robin Li Yanhong warned that ?winter is coming? as China?s economy shifts to a lower gear, while challenging employees at the company he co-founded to step up their game. While economic restructuring is ?as cold and real as winter to every company,? Li said in a letter […]

China?s P2P lending crisis worsens as second firm runs into trouble in a week

China?s P2P lending crisis worsens as second firm runs into trouble in a week

Mainland China?s peer-to-peer (P2P) lending crisis showed no signs of abating after another big platform said it would not be able to repay investors 860 million yuan (US$125.4 million) when the debts expire this weekend. Xinhehui, a Hangzhou-based P2P operator which has conducted online lending businesses worth more than 210 […]