Category: Uncategorized

「What’s News In China」

On Dec 17, Tencent Games and NVIDIA (NASDAQ: NVDA) announced a collaboration to bring PC gaming in the cloud to China. NVIDIA’s GPU technology will power Tencent Games’ START cloud gaming service, which began testing earlier this year. START gives gamers access to AAA games on underpowered devices anytime, anywhere. Tencent Games intends to scale the platform to millions of gamers, with an experience that is consistent with playing locally on a gaming rig. // nvidia

SoftBank Ventures Asia, a unit under Japanese conglomerate SoftBank, has led a CNY500 million (USD71.4 million) fundraising round in Chinese powerbank sharing provider Energy Monster. Energy Monster had over 200 million users in over 1,300 Chinese cities as of the end of November. Founded in 2017, Energy Monster has a 25 percent share of the domestic charger sharing market behind Jiedian with 28.6 percent and Xiaodian with 27 percent, according to figures from TrustData. // YiCai| Trustdata

Apple’s China iPhone shipments fall 35% in November and total iPhone shipments in the September-November period dropped 7.4% from a year earlier, according to Credit Suisse. // Reuters

「News of the Week」India’ New Citizenship Bill

WSJ – Modi Defends India’s New Citizenship Law as Protests Persist

[The new Citizenship Bill was passed in Dec 9]

The Citizenship Amendment Act, passed in December, creates a legal loophole for persecuted religious minorities who belong to Hindu, Sikh, Buddhist, Jain, Parsi or Christian religious communities — but not Islam — eligible for citizenship.

Dots to connect: India’s slow-down -> IMF world economic outlook, potential nationwide registry, access to the web, etc.

 

「Video of the Week」David Rubenstein Conversation With BlackStone Chairman & CEO Stephen Schwarzman

MIT’s new college of computing was formed on Sep 11 2019, enabled by Schwarzman’s $350 million donation.

And Schwarzman’s new book is out – What It Takes: Lessons in the Pursuit of Excellence

「What’s News In China」Alibaba + Vanguard, First Index Option In Mainland China, China’s Most Valuable Brand

Alibaba (NYSE: BABA) affiliate Ant Financial and Vanguard, the $5.9T U.S.-based asset manager, formed a joint venture to bring a streamlined and broadly available investment advisory service to retail consumers in China. // prnewswire

China’s first mainland stock index options will debut on China Financial Futures Exchange (CFFE) on Dec. 23. The options are tied to the Shanghai and Shenzhen stock exchange-based CSI 300 Index and the minimum account threshold is RMB500K. It is the fourth risk management hedging tool for the mainland stock market. Previous options included CSI 300 Stock Index futures, CSI Smallcap 500 Index futures and SSE 50 Index futures. // YiCai

Moutai/Maotai is the most valuable brand in China. Hurun released its Most Valuable Chinese Brands list on Dec 12 – Kweichow Moutai ranked top with RMB 640 billion brand value. It maintained the title for the second year running. Maotai /Moutai is a brand of baijiu; the company booked over RMB 22 billion revenue and RMB 10 billion net income in 2019Q3. // AsiaTimes