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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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14-Aug-19 Chinese tech giant Huawei will invest USD800 mn in a new factory in São Paulo, as it expands its roots in Brazil and expands efforts in Latin America to compensate for being excluded from the US market. [image: Asia Times]
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02-Aug-19 A Sino-US trade war could tilt the world towards a global recession. Manufacturing activity contracted in China in June and July 2019. In Southeast Asia, Indonesia registered a contraction, but others benefited as trade flows move away from China. [image: Business World]
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23-Jul-19 India's Reliance Retail has started the pilot phase for its new retail commerce initiative. The differentiated business model will provide a technology platform for millions of small merchants across India to strengthen and grow their businesses online and in-store. [image: Inc42]
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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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