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Chinese urban areas have taken over the Amazon seller network, surpassing US centers, according to a study. Over 50% of Amazon's leading 20 seller locations are stationed in China, with Shenzhen leading the pack.

Shenzhen, a center for technology and manufacturing in the southern Guangdong region of China, tops the list with 102,588 sellers enlisted on Amazon, jointly producing an annual revenue of US$35.3 billion, as stated by US e-commerce service provider Smartscout.

Guangzhou, the capital city of Guangdong, ranks second, trailed by Putian, a prominent shoemaking center in the southeastern region of Fujian province. Dongguan, also a city in Guangdong, comes next.

Smartscout's report highlighted that Shenzhen's significance is primarily attributed to its role as a major manufacturing hub, which enables vendors to directly tap into production and supply chains.

The community of Amazon sellers in China has experienced significant growth over the past few years. This surge has been fueled by an increase in international online retail, prompting businesses and suppliers from the mainland to seek opportunities in foreign markets.

The cross-border e-commerce sector in China recorded a trading value of 2.38 trillion yuan (US$333 billion) in 2023, marking a 15.6% increase from the preceding year, as reported by the State Council Information Office.


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DBS Bank Capitalizes on Property Slump, Acquires 75th Floor in ‘The Center’: Expansion into Hong Kong Market Continues

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DBS Bank acquires the entire 75th floor of The Center, expanding its venture into the Hong Kong real estate market. The most recent acquisition from 'Cassette King' Chan boosts DBS's ownership to 11 floors in a building that was previously the world's priciest tower.

DBS Group Holdings, the largest bank in Singapore, is leveraging a dip in property prices to grow its Hong Kong operations by acquiring additional office space in a building formerly known as the world's priciest office tower.

DBS Bank's branch in Hong Kong spent HK$646 million (approximately US$83.1 million), equivalent to HK$27,028 per square foot, to purchase the whole of the 75th floor of The Center situated in the city's business hub, as per official documents dated November 6. Previously in September, the bank had shelled out HK$700 million, at a rate of HK$26,000 per square foot, for the 66th floor.

The most recent acquisition signifies a markdown of 18% compared to the price in 2018. China Unicom (Hong Kong), a cellular service provider, is presently the tenant of the 75th floor, paying a monthly lease of HK$1.46 million, set to expire in June 2027 as per official documents. Following this transaction, DBS will increase its stake in the tower to 11 floors.

DBS has not provided an immediate response to a request for a statement.


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US Chip Restrictions Challenge China’s AI Ambitions; SMIC CEO Sees Potential in Legacy Chips Demand

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The CEO states that American limitations on chip technology obstruct China's leading chip foundry's AI aspirations.

Zhao Haijun, the joint CEO of SMIC, maintains that the foundry can still take advantage of the growing need for less sophisticated 'legacy chips' necessary for certain AI items.

"AI is a boon for the semiconductor production industry," stated Zhao in a financial results discussion with analysts on Friday. "It has the potential to drive our business expansion in the forthcoming years."

The rise of artificial intelligence (AI) in recent years has resulted in a heightened need for global foundries. These foundries have swiftly adjusted their production lines to concentrate on manufacturing graphics processing units (GPUs). These chips are essential for training AI models. TSMC, the world's leading contract chip manufacturer, expressed optimism about its prospects for the coming year in October, attributing this to the robust demand for AI.


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L’Oreal Boosts China Supply Chain to Mitigate Disruption Risks: A Strategic Shift towards Localization and Technological Integration

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CIIE: L'Oreal, the cosmetics titan, bolsters its supply chain in China to minimize disruption risks

'Our focus is on this localisation strategy, aiming to manufacture as much as possible, wherever possible in China,' states the executive.

"By doing this, our reliance on international supply chains, primarily those not only in China but also majorly in the US or Europe, will gradually decrease."

The team has already improved its supply chain procedures in Suzhou and Yichang and began utilizing Guangzhou as a port, after discovering an excessive dependence on Shanghai. This over-reliance became problematic when Shanghai faced significant delays during Covid lockdowns.

"We've established storage facilities in locations previously unoccupied, such as the northeastern region of China, bringing us nearer to our consumers," Gupta stated. "In addition, we're mechanizing our larger facilities, which lessens our reliance on numerous personnel."

The business has also utilized technology to strategize for internet sales.


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Hong Kong Housing Market to Stabilize Following Unexpected Prime Rate Cut: Analysts’ Predictions

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Analysts predict a stabilization in Hong Kong's housing prices following a rate decrease in the near future. The surprise reduction in the prime-rate by domestic lenders is anticipated to attract more purchasers, bolstering prices.

The surprising reduction in the prime rate by Hong Kong banks on Friday will decrease financing expenses and attract additional purchasers to the market. Experts anticipate that city's housing prices will reach their lowest point "in the near future".

BOCHK, HSBC, and its affiliate Hang Seng Bank are set to reduce their prime rate by a quarter point, bringing it down to 5.375% starting Monday, as per individual announcements. Standard Chartered, Bank of East Asia, and ICBC (Asia), the regional division of China's largest bank, will also lower their prime rate to 5.625%.

The actions of the banks came as a surprise, considering that Hong Kong banks usually lower their rates only once for every two to three reductions by the US, stated Raymond Cheng, who is a managing director at CGS International Securities in Hong Kong.

"The most recent reduction implies that the mortgage rate in Hong Kong will also decrease by 25 basis points, dropping to 3.625 per cent from its previous rate of 3.875 per cent."

In Hong Kong, a significant number of home loans are designed as prime-based lending, where the interest rates are determined at a level either higher or lower than the bank's prime rate. As a bank decreases its prime rate, the interest rate for these prime-associated mortgages similarly goes down, which aids in lessening the monthly expenditures and total borrowing costs for those purchasing homes.


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TSMC Ceases Advanced Chip Production for Mainland China Amidst US Export Curbs Evasion Allegations: Inside Sources

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TSMC stops taking advanced chip orders from mainland China following US export restrictions evasion: insider

TSMC has informed its mainland Chinese customers that it will cease the production of advanced chips for them, as per an individual who was informed about the announcement.

Earlier this week, TSMC announced that it will cease to take orders for the processing of advanced nodes at 7-nanometre or less from certain customers, starting from the upcoming week. This information was provided by an executive from a mainland chip design company who wished to remain anonymous due to the delicate nature of the topic. The executive had been informed about the notice.

The initial report about the domestic semiconductor industry came from Ijiwei.com, a Chinese news publication, on Friday. There was no immediate reaction from TSMC when asked to give their comments.

TSMC has rejected any claims of misconduct and has vowed to cooperate with the US Commerce Department in examining the matter. Meanwhile, Huawei has stated that it hasn't made any chips through TSMC since the amended foreign direct product rule, which was aimed at Huawei, was enforced by the US Department of Commerce in 2020.


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Global Giants Lean on Tech & Localized Supply Chains: Betting on China’s Market Amid US Trade Tensions

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International corporations are wagering on China's economy in spite of Trump's triumph and US commerce disputes. During Shanghai's CIIE trade exhibition, overseas businesses dismiss concerns of a fresh trade conflict between the US and China following Trump's win.

3M, the American multi-industry corporation known for creating a variety of products from industrial to domestic goods, announced that they are implementing smart technologies like robotic arms in their automotive production lines in China. These technologies will be used to monitor product specifications and provide personalized suggestions based on customer needs. The company launched its operations in China four decades ago and currently has seven manufacturing plants across the country.

Jack Xiong, the director of research and development operations for 3M China in Greater China, asserts that a localized supply chain is beneficial to both production and growth. He explains that this facilitates product development that caters specifically to the needs of local consumers and enhances the promptness in the supply chain response.

Kim Nam-kook, who is the head of investment and operations at E-Land Group — South Korea's biggest fashion and retail firm — has stated that they have made substantial investments in implementing advanced technologies within their supply chain in China.

Kim stated, "The magnitude of the Chinese market is so vast that it constitutes a 10 to 20 percent portion of the total international sales for some Korean firms. This percentage remains firm even amidst market instability."


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Trump’s Election Triumph Ignites Optimism Among Chinese Cryptocurrency Advocates: Anticipating a Bright Future for Digital Assets in Mainland China and Hong Kong

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Cryptocurrency supporters in China are elated by Trump's election win

These supporters anticipate a promising outlook for digital assets and associated regulations in mainland China and Hong Kong.

"He also mentioned that this change could potentially impact the regulatory perspectives on digital assets in mainland China in a positive way."

Bitcoin values soared past $75,000 at a certain moment on Wednesday, marking an increase of over 66% since the beginning of the year.


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Global Food Giants Cater to Chinese Tastes: Insights from CIIE Attendees on China’s Growing Appetite for Quality International Products

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International food businesses seeking expansion are focusing on the sophisticated Chinese market, according to attendees of CIIE. They also stated that Chinese customers are seeking premium milk products and food items without any additives.

Global food corporations are striving to remain viable in the Chinese market by focusing on consumers who frequently travel, appreciate nutritious food, and are increasingly interested in Western commodities, according to participants at the biggest international trade fair.

"She commented that consumers in China have a significant preference for items such as high-protein milk drinks," during her speech at the China International Import Expo (CIIE) in Shanghai on Wednesday. The CIIE has attracted 3,500 exhibitors from over 150 different countries and regions, with big multinational corporations like Volkswagen Group and L’Oreal among them.

Goodman Fielder is particularly keen on targeting younger Chinese individuals who travel overseas for education, work, or leisure and develop a longing for the tastes they encountered in Western countries upon their return. Tang mentioned that consumers from China's top-tier cities travel internationally and acquire a liking for types of bread like ciabatta and sourdough, and seek these out when they return home.

Utilizing insights gained from their market studies, Goodman Fielder has expanded its product range for China by introducing La Famiglia frozen garlic bread and a pancake mix.

Theland, a dairy corporation from New Zealand, is introducing innovative products such as honey-infused milk to maintain its edge in the Chinese market, as stated by its Asia-Pacific CEO Sheng Wenhao. He noted that even amidst economic downturns, there are still areas experiencing growth.


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MTR Lab Supports AI Startup Ensonic in Landmark Chinese Investment: A Leap in Acoustic Detection Systems for Quality Control and Maintenance

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MTR Lab supports Ensonic, an AI startup, in its initial investment in mainland China. Ensonic specializes in developing AI-driven sound detection systems that are employed for the quality assurance and upkeep of equipment.


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AI Revolution: How Cyberport’s Start-ups are Enhancing Efficiency and Security in the Financial Sector

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AI Leading the Way: How Cyberport Start-ups are Enhancing Efficiency and Security in the Finance Sector

[This article has been created by our promotional partner.]

The initial stage of the AI Supercomputing Centre is anticipated to start functioning within the current year. Cyberport, recognized as the city's digital technology center, is ready to assist AI-based start-ups like 221b, Aereve, AutoML Capital, AIFT (formerly known as OneDegree Group), and Wizpresso, to develop revolutionary AI-driven solutions for the finance industry.

AI is revolutionizing modern fintech in areas such as risk management and fraud identification. Cyberport is at the forefront of this shift, fostering growth for over 430 fintech startups and in excess of 300 AI, big data, and robotics firms. This is encouraging progress in fields like compliance, cybersecurity, wealth management, and credit risk reduction, among others.

Effective adherence to AML regulations

Aereve, a start-up from Cyberport, focuses on crafting AI-powered compliance solutions specifically for the Asian and Middle Eastern markets where non-Latin languages such as Japanese, Chinese, and Arabic are predominantly used.

The firm's systems for countering money laundering (AML) and customer identification (KYC) use proprietary natural language processing (NLP) technology to enhance the precision and effectiveness of compliance procedures. In addition, they provide integrated assistance for non-Latin languages such as Traditional and Simplified Chinese, Japanese, and Arabic.


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Markets in Flux: Stocks and Bitcoin Surge After Trump Victory Amid Rising Inflation Concerns and European Market Decline

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Shares and bitcoin skyrocket following Trump's win, as fears over inflation grow; Dow jumps by 1,500.

Nonetheless, apprehensions regarding inflation and increased interest rates surface, prompting a drop in the prices of Treasury bonds and in European equity markets.

On Wednesday, the American stock market, including Elon Musk's company Tesla, banks, and bitcoin, all experienced a surge in value as investors speculated on the potential economic and global implications of Donald Trump's potential return to the White House. The renewable-energy sector and those concerned about increased inflation may, however, be perceived as being on the losing end by the market.

The S&P 500 experienced a 2.5 percent surge, marking its most successful day in almost two years. The Dow Jones Industrial Average saw a dramatic increase of 1,508 points, equivalent to 3.6 percent, and the Nasdaq composite grew by 3 percent. All three indexes surpassed recent record highs.

Historically, the US stock market has shown an upward trend irrespective of the victorious party in the Presidential elections. However, since 1945, the market has seen larger average increases under Democratic leadership.

However, the dominance of Republicans could lead to significant changes in the industries that prosper or fail, hidden beneath the surface. Investors are increasing their stakes based on earlier predictions about the potential consequences of Trump's preference for higher tariffs, reduced tax rates, and less stringent regulations.

"Everyone in the markets is rushing to understand the forthcoming scenarios. However, at present, the market is factoring in a projection of increased growth and inflation," said Peter Esho from Esho Capital.

Naturally, the extent of alterations Trump can implement in his second tenure will probably rely on if his Republican colleagues secure a majority in Congress, a result yet to be confirmed. This uncertainty could potentially allow for reversals in some of the impulsive actions observed on Wednesday.


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IABHK’s C24 Conference: Cementing Hong Kong as the Global Marketing Capital through Innovation and Cultural Synergy

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The C24 conference by IABHK positions Hong Kong as a global leader in marketing by leveraging innovation and cultural collaboration. The conference emphasized Hong Kong's advantages as an international marketing powerhouse, underscoring the city's distinctive blend of Eastern and Western cultures. [This piece has been created by our promotional collaborator.]

The Interactive Advertising Bureau Hong Kong (IABHK) effectively held its C24 conference on the 26th of September, an event that reinforced Hong Kong's position as a top-tier marketing hub globally. The conference, attracting over 1,100 marketing specialists from Asia and Europe, revolved around the theme "Impact AI: The New Marketing Paradigm". This theme illuminated the revolutionary role of artificial intelligence (AI) in the field.

The C24 conference serves as a central gathering for innovators and marketers, acting as more than just an event – it's a movement that brings together industry participants and strengthens Hong Kong's status as a worldwide hub for marketing and advertising. As one participant pointed out, this unique conference is not just about showcasing solutions, but also about fostering relationships, with attendees feeling more like long-lost friends catching up than mere conference-goers.

The conference demonstrated IABHK's dedication to establishing Hong Kong as a worldwide center for the fusion of Eastern and Western marketing techniques. This ambition capitalizes on the city's distinct cultural harmony, a variety of skilled individuals, and advanced technological capabilities. The convention embodied this intellectual leadership by presenting AI-based tactics that improve customer interaction and promote business expansion.

Ap

Notable figures in the industry shared their knowledge, providing a preview of the future of marketing. Google's head of innovation for global strategic initiatives, Professor Darren, discussed steering through the generative AI revolution and maintaining sustainability. Vishal Singhvi, in charge of generative AI at Microsoft, and Gurmit Singh, the general manager for APAC & MEA at Quora, delved into how AI will propel innovation, efficiency, and fresh business models in a range of industries.


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