China’s New Oriental Education& Technology Group is investing heavily in online education, as enrollment of its summer camps and adult tutoring services drops amid China’s ongoing education reform. In addition to providing more online courses, the group is partnering with Tencent Holdings to develop mobile applications that it hopes can translate […]
Chipmakers in search of growth are advised to get in touch with their inner gearhead. According to IC Insights, average annual growth for automotive semiconductors is expected to be 10.8 percent over the next three years, 50 percent more than communications chips, the next-fastest growing segment. The market for communications […]
Shares in China Internet giant Tencent Holdings fell for a fourth day today at the Hong Kong Stock Exchange after the company’s billionaire chairman Pony Ma reduced his holding. Ma sold 25.1 million shares on Dec. 2-5 at prices between HK$118.607 and HK$119.972, according to exchange figures. He held a 9.87% […]
Move could be a precursor to future privatisations in state-dominated banking sector
Fund says structural constraints have sharply reduced potential growth
Chinese businessman Lv Dalong has again become the fifth billionaire to be generated from the backdoor listing in September of Beijing Xinwei Technology following a rebound in its shares this month on hopes for new satellite business. Lv, 52, holds a 5.1% stake in the telecommunications technology firm worth $1 billion at […]
Increase comes despite creation of 42,000 jobs as more women take on part-time work
I live in Northern California where, as I write, meteorologists are predicting hurricane-force winds and torrential rain. This is rare for California but can happen anywhere so it’s a good time to think about how to prepare for a major storm and possible power failure. Batteries, flashlights and portable radios are […]
The Grattan report shows that older Australians are capturing a growing share of wealth, while younger Australians are being shut out of the housing market
A new study by the Grattan Institute on wealth across generations shows that the older Australians benefitted the most from the strong economic times of the early 2000s, and that by virtue of being effectively shut out of the housing market, members of “Generation Y” may be the first generation to be less wealthy than that of their parents.
Whenever younger generations are discussed in the media, invariably comments will be made that Generation Y are unemployable, lazy, spendthrifts who need to learn discipline if they want to get ahead. They’re essentially the same comments that were made 20 years ago about Generation X and 15 or 20 years before that about the various incarnations of the baby boomer generation. Very little changes.