Executive Moving to Shanghai Finds No Escape From China’s Smog

Executive Moving to Shanghai Finds No Escape From China’s Smog

Bill Russo moved more than 700 miles from Beijing to Shanghai on Dec. 1 and thought he’d left the smog behind him. Five days later, he was wheezing again. “What was shocking was how bad it’s been,” said Russo, a vice president at car stereo maker Harman International Industries Inc. (HAR) “Shanghai over the years had a reputation of being better,” said the executive, who had some of the fine-particle masks he left behind in Beijing sent to him. Read more of this post

Ctrip to Sina Raise Record War Chest on Big Three Deal Spree

Ctrip to Sina Raise Record War Chest on Big Three Deal Spree

Chinese Internet giants Alibaba Group Holding Ltd., Baidu Inc. (BIDU) and Tencent Holdings Ltd. (700) have spent a record $7.4 billion on acquisitions this year. Now their smaller listed peers are raising capital faster than ever to join the technology deal rush. Read more of this post

Coal tycoon’s plight shines light on China trusts; A Chinese mining boss who threw a multimillion-dollar wedding for his daughter last year is now struggling under a pile of debts that threaten to trigger a major default in the country’

Last updated: December 17, 2013 8:26 am

Coal tycoon’s plight shines light on China trusts

By Simon Rabinovitch in Beijing

A Chinese mining boss who threw a multimillion-dollar wedding for his daughter last year is now struggling under a pile of debts that threaten to trigger a major default in the country’s shadow banking industry. Read more of this post

Chinese develop whisky connoisseurship

December 6, 2013 9:00 pm

Chinese develop whisky connoisseurship

By Ben Marino

As dusk settles on a smoggy Beijing Sunday evening, Kamiwase Satoshi quietly prepares to open his tiny whisky bar, hidden in an office building near the capital’s diplomatic area. Read more of this post

China’s Shadow Currency: Bankers acceptance notes (BANs) without underlying trade are used to finance speculation

China’s Shadow Currency

Tyler Durden on 12/14/2013 18:31 -0500

Submitted by Matthew Lowenstein va The Diplomat,

China’s economy is straining to keep up a semblance of its former growth rate. The surest sign is the way a shadow market in bank paper has evolved to substitute the commodity that China is increasingly running short of: cash. Read more of this post

China’s Fuzzy Vision For Greater Beijing

China’s Fuzzy Vision For Greater Beijing

THE ECONOMIST0DEC 14, 2013, 06.23 AM

The spectacular rise of the Pearl and Yangtze River deltas over the past several decades has inspired city leaders around the country to try and emulate their success by building up city clusters of their own. The national capital has proved to be no exception. For years, plans to develop a greater Beijing area were toyed with but never formalised. This may now finally come to pass. According to local media, a plan for the economic integration of Beijing, Tianjin and the surrounding province of Hebei may be announced early next year. The merits of centrally planned regional integration will be tested. Read more of this post

China pushes to urbanise smaller cities

China pushes to urbanise smaller cities

Thursday, December 19, 2013 – 03:00

Esther Teo

The Straits Times

China will relax or remove rigid household registration restrictions in small and medium-sized cities as part of the country’s urbanisation push and to give migrant workers equal access to a range of services in cities. Read more of this post

China CCTV Starbucks report set off storm inside network; journalists in China are still reluctant to challenge editors in a system beholden to the ruling Communist Party

China CCTV Starbucks report set off storm inside network

Thu, Dec 12 2013

By Megha Rajagopalan

BEIJING (Reuters) – A China state television investigative report accusing Starbucks of overcharging local customers for coffee triggered enormous disquiet among journalists at the network and even some soul-searching after it aired. Read more of this post

China Billionaires Set to Shake Up Wireless Market: Tech

China Billionaires Set to Shake Up Wireless Market: Tech

Billionaires Jack Ma and electronics retailer Zhang Jindong may get licenses this month to start phone companies in China, fueling government efforts to cut prices and promote high-speed networks in the world’s largest wireless market. Read more of this post

The resources industry construction workforce is set to collapse over the next four years, plunging 91 per cent and shedding more than 78,000 jobs by 2018

Mining construction jobs to plunge by 78,000, study finds

December 16, 2013

Michael Pascoe

From a peak of 85,819 positions this year, the construction element of the resources boom is expected to dive to just 7700 in 2018. Photo: Erin Jonasson

The resources industry construction workforce is set to collapse over the next four years, plunging 91 per cent and shedding more than 78,000 jobs by 2018, dwarfing the Holden closure job losses. Read more of this post

Cold, hard, unyielding cash: how Australian fund managers for the big four short change you

Cold, hard, unyielding cash: how fund managers for the big four short change you

December 18, 2013

Michael West

Imagine if the fund manager was BT and its only investment was a bunch of shares in Westpac, which is BT’s parent. Or imagine it was MLC, with its only assets being shares in National Australia Bank; or Colonial only invested in Commonwealth Bank stock, or ANZ with a holding in ANZ shares and nothing more. Read more of this post

Australia staring at “debt mountain” as economy slows

Updated: Tuesday December 17, 2013 MYT 12:32:17 PM

Australia staring at “debt mountain” as economy slows

SYDNEY/CANBERRA: Just three months in power, Australia’s Liberal National government has abandoned all thought of returning to a budget surplus and predicted deficits for the next decade without spending cuts, heralding sober times ahead for the resource-rich country. Read more of this post

Plenty of drama from mega deals in Asia

Plenty of drama from mega deals

Wednesday, Dec 18, 2013

Anita Gabriel Senior Correspondent

The Straits Times

THERE is little in the corporate sector that can match the nail-biting suspense of giants tussling for a vaunted asset, timing their tactical moves with precision, and the sense of triumph – or disappointment – when a winner emerges. Read more of this post

From Xi’s rise to Abenomics, six events that shook Asia

December 18, 2013 3:34 pm

From Xi’s rise to Abenomics, six events that shook Asia

By David Pilling

As one nation strives to revive its economy, others struggle with poverty and calamity

What are the six most significant things to have happened in Asia this year? The question is entirely arbitrary. Why six? What counts as significant? And, while we’re at it, what on earth do we mean by Asia, a term that has been used to refer to the “lands east of Europe” since Herodotus? But it’s nearly Christmas, so let’s press on. We’ll define Asia in the way the Financial Times does, broadly the region from the Indian subcontinent to Australia. That is a set of nations containing almost 4bn people, more than half the world’s population. “Significant” for our purposes means something that will affect a large number of people for many years, a definition that excludes interesting developments in small countries. Read more of this post

Asia’s budget airlines seek collaboration

December 16, 2013 8:54 am

Asia’s budget airlines seek collaboration

By Jeremy Grant in Singapore

Four low-cost Asian airlines have unveiled a range of deals in a sign that intense competition and overcapacity is forcing the pace of industry collaboration on the region’s busiest routes. Read more of this post

Asia Investors Suffer a Bruising Year; Stocks, Bonds and Currencies in the Region Posted a Lackluster 2013

Asia Investors Suffer a Bruising Year

Stocks, Bonds and Currencies in the Region Posted a Lackluster 2013

ANJANI TRIVEDI And FIONA LAW

Dec. 17, 2013 12:13 a.m. ET

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HONG KONG—After years of hefty gains, investors in Asia have suffered a lousy 2013, with bonds headed for their first slump in over a decade, almost every currency in the region tumbling and stocks underperforming the rest of the world. Read more of this post

Southeast Asia faces a perfect storm

December 16, 2013 7:42 am

Southeast Asia faces a perfect storm

By Josh Noble in Hong Kong

Rising interest rates, slowing economic growth, political uncertainty and a stronger US dollar – any one of these factors could spell trouble for the small, volatile markets of southeast Asia. But in 2014, the region looks set for the perfect storm of all four. Read more of this post

Stratasys Primes Market for 3-D Revolution; Executive Jonathan Jaglom talks about demand for three-dimensional printing, and the company’s business in Asia

Stratasys Primes Market for 3-D Revolution

Executive Jonathan Jaglom talks about demand for three-dimensional printing, and the company’s business in Asia.

THOMAS DERPINGHAUS

Dec. 15, 2013 1:01 p.m. ET

Once confined to highly specialized applications, 3-D printing is making an impression on a wider marketStratasys Ltd. SSYS -1.71% is one of the companies preparing for a jump in commercial and consumer demand. Read more of this post

Oracle: We’re Cloudier Than You Think; CEO Larry Ellison and other Oracle executives sought to counter fears that the company is falling behind to competitors in cloud-based products

Oracle: We’re Cloudier Than You Think

Company Touts Gains in Its Web-Delivered Software; Quarterly Revenue Rises 2%

CEO Larry Ellison and other Oracle executives sought to counter fears that the company is falling behind to competitors in cloud-based products. Reuters

SHIRA OVIDE

Updated Dec. 18, 2013 7:40 p.m. ET

Oracle Corp. ORCL +2.88% had a message Wednesday for Wall Street: We’re cloudier than you think. Investors have been antsy about missed revenue targets and competition from online rivals to Oracle, one of the world’s biggest sellers of software, computer servers and other back-end technologies for big businesses. Read more of this post

Jimmy Carter’s Costly Patent Mistake; His 1979 proposal has led to ill-conceived protection for software ideas and a tidal wave of litigation

Jimmy Carter’s Costly Patent Mistake

His 1979 proposal has led to ill-conceived protection for software ideas and a tidal wave of litigation.

L. GORDON CROVITZ

Dec. 15, 2013 6:31 p.m. ET

Washington doesn’t agree on much, but all three branches of government now have plans to reform the country’s patent system. What’s not widely understood is that this marks the failure of one of Washington’s most ambitious experiments in industrial policy. Read more of this post

It Seems Weird How Cheap Amazon Kindles Are — Until You See This Crazy Stat; During a single year, Kindle owners spend, on average, $443 more buying stuff from Amazon than the average Amazon shopper who does not own a Kindle

It Seems Weird How Cheap Amazon Kindles Are — Until You See This Crazy Stat

NICHOLAS CARLSON

DEC. 17, 2013, 10:46 AM 42,452 31

These days, you can buy a new Kindle e-reader from Amazon for $49. Meanwhile, Amazon’s Kindle Fire HDX with an 8.9 inch screen costs $379 – much cheaper than a comparable $499 iPad from Apple. How and why does Amazon charge so little for its gadgets? Both questions are answered with one single stat. During a single year, Kindle owners spend, on average, $443 more buying stuff from Amazon than the average Amazon shopper who does not own a Kindle. Consumer Intelligence Research Partners derived that stat from a survey of 300 subjects who made a purchase at Amazon.com in the three-month period ending Nov. 15, 2013. CIRP estimates that Amazon Kindle device owners spend approximately $1,233 per year buying stuff from Amazon, compared to $790 per year for other customers. “Another way to look at Kindle Fire and Kindle e-Reader is as a portal to Amazon.com,” said Mike Levin of CIRP, in a press release put out to announce the study results (.PDF). “Kindle Fire provides access to everything Amazon sells, while Kindle e-Reader has become the way that Amazon customers buy books, Amazon’s original product line.” Amazon sells Kindles cheap – perhaps at a loss – because it knows getting a device into a customer’s hands means that customer will spend an extra $4,500 at Amazon over the next 10 years.

Intel’s hidden ad gamble pays off in first game of deal with FC Barcelona

Intel’s hidden ad gamble pays off in first game of deal with FC Barcelona

By Matt McFarland, Updated: December 16 at 10:07 am

It didn’t take long for Intel to enjoy the effects of its new partnership with Spanish soccer team FC Barcelona. Forward Neymar lifted his jersey during Saturday’s match with Villarreal, revealing the Intel Inside logo. While the Intel portion of the logo was partially obscured, it appears the company’s hidden logo won’t lack for visibility during the five-year deal with FC Barcelona. Read more of this post

If YouTube Were A TV Channel, Its Revenues Would Terrify Its Broadcast Network Rivals

If YouTube Were A TV Channel, Its Revenues Would Terrify Its Broadcast Network Rivals

AARON TAUBE0DEC 14, 2013, 02.22 AM

A recent report from eMarketer says that YouTube is expected to earn more than $5.6 billion in gross revenue by the end of 2014. While that number is certainly impressive in its own right – it’s a 51% jump from last year – it’s especially so when matched up against the longstanding traditional TV networks YouTube is competing against for viewers and advertising dollars. Read more of this post

How products geared to women shaped the technology industry

You’ve Come a Long Way, Silicon Valley

How products geared to women shaped the technology industry

KATHERINE BOEHRET

Dec. 17, 2013 6:28 p.m. ET

From colorful cell phones and laptops to websites like Pinterest and Houzz, much of the recent digital revolution has been inspired by, and geared toward, women. In her final column for the Wall Street Journal, Katie Boehret looks at some of her favorite websites and digital innovations. Read more of this post

Google feeds India and China from new data centers next door

Updated: Thursday December 12, 2013 MYT 7:07:01 AM

Google feeds India and China from new data centers next door

CHANGHUA, Taiwan: Google Inc opened its first two data centres in Asia on Wednesday to cater to the world’s fastest growing consumer technology markets, but the company has no plans to open one in China or India. Read more of this post

Facebook’s Video Ads Risk Alienating Users

Facebook’s Video Ads Risk Alienating Users

Marketers Applaud Move, but Untested Advertising Presents Challenge

REED ALBERGOTTI, SUZANNE VRANICA and BEN FRITZ

Updated Dec. 17, 2013 8:12 p.m. ET

Facebook Inc. said it would begin selling video advertisements later this week, a move that may help the social-networking giant capture a share of the annual $66.4 billion TV advertising market. Reed Albergotti reports. Photo: Facebook.

Some advertisers rejoiced Tuesday when Facebook Inc. FB -0.75% introduced long-awaited video advertisements. A bigger question is how users will react. Read more of this post

Facebook’s big data glimpse at human migration and the growth of mega-cities

Facebook’s big data glimpse at human migration and the growth of mega-cities

By Adam Pasick @adampasick 8 hours ago

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Facebook is so ubiquitous—it has 1.19 billion monthly active users, or more than 15% of the Earth’s population—that it’s possible to detect huge migration patterns from a few snippets buried in its users’ profiles, specifically the huge tide of people moving to mega-cities around world. Read more of this post

Facebook Is A Fundamentally Broken Product That Is Collapsing Under Its Own Weight

Facebook Is A Fundamentally Broken Product That Is Collapsing Under Its Own Weight

JAY YAROW

DEC. 17, 2013, 11:06 AM 336,857 102

In 2008, Mark Zuckerberg laid out his theory about people sharing content on Facebook. “I would expect that next year, people will share twice as much information as they share this year, and [the] next year, they will be sharing twice as much as they did the year before,” he said.  Read more of this post

Ex-Peoplesoft execs successfully founded Workday after Oracle’s hostile buyout. But can they successfully make a profit?

For Workday, payback comes at a price

By Kevin Kelleher December 16, 2013: 3:44 PM ET

Ex-Peoplesoft execs successfully founded Workday after Oracle’s hostile buyout. But can they successfully make a profit?

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Dave Duffield, left, and Aneel Bhusri, right, co-founders and co-CEO’s of Workday.

FORTUNE — The technology industry loves an underdog, especially when a scrappy startup makes breakfast of a bloated incumbent. In enterprise software, Workday (WDAY) has emerged as just such an underdog, using a cloud-based business model to handle human-resources software and take on giants like Oracle (ORCL) and SAP (SAP). Read more of this post

Bosses Learn Not to Be So #Clueless; C-Suite Executives Take Pricey Courses, Learn to Use Social Media

Bosses Learn Not to Be So #Clueless

C-Suite Executives Take Pricey Courses, Learn to Use Social Media

MELISSA KORN

Dec. 17, 2013 8:02 p.m. ET

Companies are sending executives to basic training to learn how the internet works, spending six-figure sums to help c-suite executives understand how people communicate online–and how not to talk about technology, Melissa Korn reports on the News Hub. Photo: bloodytyrants.com.

Boardroom commanders are being assigned to basic training. Read more of this post