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Digital economy

Digital economy
The latest news, analysis and opinion on Digital economy. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
China economy

Trump rally shooting T-shirts sold on China’s Taobao

Lunar: Stories

Cannabis and health in Asia

Digital currencies

Is cryptocurrency too risky for China?

Enabling inclusion, empowering people

How technology helps reverse global deforestation and makes travel easier

Chinese tech company Ant Group’s initiative, Alipay Ant Forest, sees it plant trees when users of Alipay digital payment platform adopt green activities

A Madrid pharmacist, visually impaired Shanghai blogger, Bali hotel owners, herdsman-turned-forest-ranger and weight-loss runner have embraced Ant Group products, such as digital payments which make travel easier, and its Alipay Ant Forest green initiative encouraging the planting of trees. Illustration: Brian Wang
Enabling inclusion, empowering people

Meet 5 entrepreneurs from humble beginnings who made their business dreams come true

Digital services opened up a new world of opportunities for these business owners, who were able to grow their ideas into globally connected operations

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Enabling inclusion, empowering people

Digital payment tools helped these 5 businesses overcome struggles of Covid-19 pandemic to thrive

While the Covid-19 pandemic has posed significant challenges to businesses around the world, these entrepreneurs have beat the odds and found new opportunities by embracing digital technology.

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Design Thinking Imperative

How design thinking pushes Hong Kong forward to a cashless future

While Hong Kong has been slow in adopting digital payments, a mobile app has been leading the change with design thinking, an approach that puts user-centricity at the heart of product design.

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The Covid-19 pandemic, which has caused major disruptions around the world, has accelerated the demand for digital payment services. Photo: Shutterstock
Banking & finance

Collaborative ecosystem to define Hong Kong’s virtual banking space

Technology

Only blockheads believe the cryptocurrency and blockchain hype

This much-hyped technology has so far failed to earn the trust that enables financial transactions in the real world, especially when the total security it promises has already been compromised by hacks and fraud.

Mobile payments

Singapore, Hong Kong push to go cashless, as China pulls ahead in electronic payments

Like Hong Kong, Singapore is nudging its population to embrace mobile payments. The city state has pledged to reduce cash withdrawals at ATMs and phase out paper checks by 2025
Banking & finance

‘Wait and see’ – Hong Kong firms slow to adopt tech despite demand

Hong Kong has one of the world’s highest mobile phone usage rates at 248 per cent, according to government data released in February. Photo: AFP
Hong Kong innovators

Could Hong Kong’s digital doubters be right about innovation?

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Crime

Man accused of advising online black market creator extradited to US

Prosecutors charged Roger Thomas Clark with narcotics trafficking, computer hacking conspiracy and money laundering conspiracy

Technology

Hong Kong workers’ biggest fear is losing their job to growing digital economy

Workers say that they are not receiving adequate training in digital skills required for the digital economy

The survey showed that Hong Kong employees were the third unhappiest in the Asia-Pacific region after South Korea and Japan, with 23 per cent saying they were unsatisfied with their job. Photo: Fung Chang
Technology

CEO of top China job site is now worth US$1.5 billion

Rick Yan, who owns nearly 21 per cent of 51job Inc, is listed on the Bloomberg Billionaire Index for the first time.

Rick Yan in 1994, when he was still with Bain & Company. Yan, who joined the online Chinese job site 51job.com as chief executive in 2000, has amassed a US$1.5 billion fortune, according to Bloomberg. Photo: SCMP
Stocks

Pictet buys into gaming firm behind ‘Knives Out’, sells Tencent

Swiss asset manager Pictet has been buying shares in Chinese online video game developer NetEase, while taking a profit on Tencent, as the technology sector is now trading at a higher premium than overall global markets, said Nolan Hoffmeyer, senior investment manager with Pictet’s thematic equities team.

Internet

Hong Kong’s digital spending to surge to US$5.8b by 2022

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Digital currencies

This company is betting on Indonesia lifting crypto ban in three years

Indonesian fishermen unload a fresh catch of fish at Kedonganan beach near Kuta on Indonesia's resort island of Bali. About 80 per cent of the Indonesian population is unbanked. Photo: AFP
Bitcoin

US investigating whether bitcoin prices had been manipulated

The ‘e-topia’ is here, and it’s in digitally progressive Tallinn, Estonia

Special visas and cutting-edge infrastructure are making Tallinn a global hot spot for location-free workers

Digital nomads enjoy the terrace at Telliskivi Creative City, in Tallinn, Estonia. Picture: Alamy
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