DALIAN, China — The Chinese market for counterfeits is petering out as consumers grow more choosy about quality and brand-names, a top Alibaba executive said Wednesday. Gao Hongbing, an Alibaba Group vice president and director of research arm AliResearch, offered some predictions on the fate of counterfeits in response to a question from CNBC at […]
Read moreDALIAN, China — Companies need to get serious about becoming more data savvy, collecting and analyzing information to better position themselves to stay one step ahead, said Yao Zhang, the founder of robotics firm RoboTerra. “Every company, whichever sector you belong to today, eventually you will be a data company very soon,” Zhang said Wednesday. […]
Read moreTradeshift, a social network for connecting supply chains, does not necessarily see itself selling up anytime soon, its chief executive told CNBC on Wednesday. Speaking on the sidelines of the World Economic Forum in Dalian, China, Christian Lanng cited advice that he had received on his first trip to Silicon Valley from LinkedIn co-founder Reid […]
Read moreWithout investing in new, emerging technologies, companies cannot hope to grow in the longer term, the group managing director of Hong Kong-based telecommunications services provider PCCW said on Wednesday. B.G. Srinivas said that while investments in emerging technologies may take time to create new revenue streams, it was important for companies to start betting on […]
Read moreChinese stocks could attract more than $400 billion in inflows once shares are fully included in widely followed MSCI indexes, the world’s largest asset manager BlackRock said on Wednesday. The comment made by its managing director and head of China equities, Helen Zhu, was in response to the muted reaction from market watchers after MSCI […]
Read moreJapan’s Toshiba said on Wednesday it is filing a lawsuit against joint venture partner Western Digital. Toshiba is claiming 120 billion yen ($1.07 billion) in damages, saying in a statement that Western Digital is interfering with the sale of its memory chip division. Toshiba also said it has decided to shut out Western Digital employees […]
Read moreWith a population of 1.4 billion and limited arable land, China is trying hard to convince citizens to accept genetically modified (GM) food, but there is still consumer resistance to such crops. The Dow Chemical Company expected continuing public education will help. “It’s all about education and based on providing facts and data in terms […]
Read moreCurrency, United States Finance
Slack in the European economy looks worse than we thought, says ECB vice president
The difference between current and potential levels of output in the euro area economy could be greater than the European Central Bank (ECB) originally thought, its vice president, Vitor Constancio, warned on Tuesday. “What we see, what we observe is that domestic factors of inflation starting with wage and cost developments and then also price […]
Read moreThe difference between current and potential levels of output in the euro area economy could be greater than the European Central Bank (ECB) originally thought, its vice president, Vitor Constancio, warned on Tuesday. “What we see, what we observe is that domestic factors of inflation starting with wage and cost developments and then also price […]
Read moreThe global health-care industry faces a “huge disruption” as technology heavyweights jostle for consumers with traditional providers, the chief executive of a major pharmaceutical company said. Yitzhak Peterburg, interim president and CEO at Teva Pharmaceutical, told CNBC on the sidelines of the World Economic Forum’s annual June meeting in Dalian that digital disruption is an […]
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