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Insights
05-Sep-19 China’s new digital payment infrastructure - face recognition - could make even QR codes seem old-fashioned. Customers simply pose in front of POS machines equipped with cameras to pay. Alipay will spend USD420 mn on the technology by 2022. [image: Asia Times]
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23-Jul-19 China’s largest ride-hailing company Didi, has formed an agreement with Symphony Investment. The two companies will set up a joint venture headquartered in Abu Dhabi, to promote the sharing economy and internet consumer services in the UAE and nearby countries. [image: KrAsia]
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02-Jul-19 The WEF has identified cutting food waste by up to 20 million tons as one of 12 measures to transform global food systems by 2030. South Korea is taking the lead by recycling 95% of its food waste. [image: BRINK]
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19-Jun-19 Popular short-form video app TikTok, developed by China's ByteDance, has been slowly ramping up its advertising strategy. However, the company still generates revenue from in-app purchases, and that number hit a high of USD9 million in May 2019. [image: TechCrunch]
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Insights
18-Jun-19 The rising tide of international e-commerce has been slow in fully spreading throughout Latin America’s biggest market, but Brazil's e-commerce market is now thriving. Mercado Livre is the country leader, with Amazon now putting on the pressure. [image: Admitad Report]
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