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Insights
Jul-19 Stalled growth in emerging market economies is projected to pick up from a four-year low of 4.0 percent in 2019 to 4.6 percent in 2020-21, reflecting the waning impact of financial pressures in some large markets. Growth in all emerging regions has been weaker than expected but activity in East and South Asia remains buoyant. Other regions are expected to recover in 2020-21. Growth in both Latam and MENA is expected to be a subdued 1.7% in 2019, but MENA countries show more promise thanks to oil exports, policy reforms and tourism. [image: World Bank]
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Insights
12-Jun-19 Waterdrop, a Chinese online insurance platform backed by Tencent, has raised more than a billion yuan (USD145 million) in funding led by PE firm Boyu Capital. Waterdrop started as a healthcare crowdfunding platform before branching into online insurance sales. [image: AP Photo / Mark Schiefelbein]
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Insights
10-Jun-19 Vingroup JSC has started work on a smartphone factory with a 125 mn unit capacity. CEO Nguyen Viet Quang said orders from partners in the US and Europe spurred the investment in increasing its current capacity by 25 times. [image: Reuters / Mai Nguyen]
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Insights
09-Jun-19 The Middle East has been China's primary source of energy exports for decades but the Asian giant is now returning the favour. Chinese companies are helping develop some of the Middle East's most ambitious energy projects to meet surging demand. [image: Zawya]
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Insights
09-Jun-19 China’s e-commerce giant Alibaba and Russia’s RDIF sovereign wealth fund will each invest USD100 million in a Russian joint venture, and Alibaba will contribute AliExpress Russia into the joint venture. This consists of Alibaba's Russia-based domestic and cross-border operations. [image: Retail News Asia]
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