« 2017年5月 | メイン

2017年6月

2017年6月22日 (木)

Gaming giants on the winning track

Gaming giants Microsoft Corp and Sony Corp have expanded their reach here after being banned before the China (Shanghai) Pilot Free Trade Zone was launched nearly four years ago.

The big two games console manufacturers were shut out of the market in 2000 and only broke back in more than a decade later.

Microsoft decided to link up with BesTV, a leading television group based in Shanghai, to set up a joint venture, which became the first company to be registered in the FTZ in 2013.

Sales revenue of the company's Xbox consoles quickly started to rise, exceeding $10 million annually in China.

In the past three years, sales of hardware and software have maintained double-digit growth, with combined sales from Microsoft and Sony hitting nearly 1 million consoles.

To Xie Enwei, general manager of Xbox and studios business at Microsoft China, conceded it would never have happened without the help of Shanghai FTZ.

"We completed the filing and registration of our joint venture with BesTV within seven days," he recalled. "Our solely-owned game and entertainment equipment company was set up within 15 days."

Sony went down a similar route. The Japanese conglomerate set up a joint venture with local media company, Oriental Pearl, in 2014 to produce and sell its iconic PlayStation console.

A year later, PlayStation 4 and PlayStation Vita were officially launched in China.

"FTZ authorities provided an ideal business environment for the company," said Takehido Soeda, the head of Sony China. "The joint venture was the first step and we will expand our business portfolio in the zone."

A streamlined process when it comes to business and administration licenses has made it much easier for console makers such as Microsoft to operate here.

New policies covering work permits for "overseas experts" have also helped with Xbox's development in China.

"The system is much more efficient than many other countries and regions," Xie said.

On the back of this, Microsoft has rolled out more than 50 Xbox games here as well as developing domestic content.

The global online behemoth has also teamed up with leading Chinese players such as Tencent Holding Ltd and NetEase Inc to help Chinese games developers reach overseas markets.

"The Shanghai FTZ authorities have made great efforts to promote the Chinese games industry," Xie said. "They have come to understand that it will be difficult to seek sustained growth if Shanghai is over reliant on manufacturing."

Figures by global market consultancy IDC show that the Chinese game console market still has room to grow in the next few years.

In 2016, the size of the sector was estimated at 4.03 billion yuan ($593 million) with console sales topping 660 million yuan-a 200 percent rise year-on-year.

2017年6月15日 (木)

Ant woos 3rd-party financial shops

Ant woos 3rd-party financial shops

A mascot of Ant Financial is seen at its office in Hangzhou, Zhejiang province, Sept 21, 2016.[Photo/Agencies]

Ant Financial Services Group announced on Wednesday that it will allow third-party financial institutions to set up virtual shops through an indigenous app, another push to vie for supremacy in the country's booming online financial sector fraxel.

Banks and mutual funds can now publish content and sell their own financial products in a newly unveiled function, the "Fortune Account", via Ant Fortune, the wealth management app of Ant, according to Fan Zhiming, president of the payment business unit at Ant Financial.

"The overarching goal of the platform is to allow financial services to directly reach end-users, and to form an online community discussing wealth management options," he said Speed dating.

Shanghai Pudong Development Bank Co Ltd, China Citic Bank Corp Ltd and Bosera Asset Management Co Ltd are among the first 10 institutions to have such services go live. Ant did not disclose whether and how it charges businesses commission fees.

According to Fan, the dashboard for Fortune Account owners would provide data analysis and customer relations management tools using data technologies and artificial intelligence.

Sister app Alipay, which provides a wide variety of payments and other mobile services, also provides access to such business, a strong indication that Ant wants to enhance customer loyalty through its existing 450 million Alipay users, said Li Chao, a senior analyst at iResearch.

"Ant's ambition is to mimic a high-end private banking model, where customers place the majority, if not all, of their assets in one channel because they can fulfill different financial tasks through a unified platform," he said Night Market in Hong Kong.

While a number of internet finance firms have launched, or expressed an intention to launch similar services, Ant has an advantage thanks to its massive customer base, a comprehensive payment system, and the consequent fame needed to win the trust of both partner institutions and end users, he said.

"In China there is no entrenched culture of buying wealth management products, traditionally targeting high net-worth investors and portfolio managers. Ant's idea of forging a virtual community also rides the next trend of attracting and retaining younger generation customers, who are used to dealing with financial matters online," said Ye Tan, a veteran financial commentator in China.

2017年6月 1日 (木)

Best international teachers recognized in Beijing

Nobel Prize winner James Fraser Stoddart was among the 10 best 2016 international educators honored at an awards ceremony in Beijing on May 13 Polar M600.

With a wide range of academic backgrounds, these teachers were recognized for their achievement and devotion to education in China. James Fraser Stoddart, who won a Nobel Prize in chemistry and is an expert on the national 1000 Talent Plan, delivered a keynote speech after receiving his award Polar.

Lu Ming, deputy director of the State Administration of Foreign Experts Affairs, said: "The development of China reflects the advancement of the world. In the future, China will attract more foreign experts to achieve their dreams and further promote friendly exchanges with other countries."

Sponsored by the State Administration of Foreign Experts Affairs, the event invited over 350 guests, including officials from bureaus of foreign expert affairs and education, award-winning organizations and individuals, as well as international teacher representatives polar m200.