Month: May 2018

Asia’s biggest food producer offers dial-a-hotpot as palettes grow weary of instant noodles

Uni-President, Asia’s biggest food producer and Taiwanese instant noodle major, started selling instant hotpot on e-commerce platforms this month as it targets more premium consumers. Instant hotpot, which uses a heat pack that can be activated with room temperature water to steam a small serving of hotpot, is already being sold by hotpot makers and restaurants …

Who is Richard Liu? Chinese billionaire seeks to raise profile as JD.com expands outside China

Richard, who?  Richard Liu Qiangdong may have built JD.com into China’s second-biggest e-commerce company and amassed an estimated wealth of US$11.6 billion, but he remains a relative unknown outside his home country. With recent investments into Southeast Asia and eventual plans to expand into Europe, the 43-year-old made his first appearance at the World Economic Forum in …

Alibaba expands into mobile gaming in India with eye on digital payments, e-commerce

Alibaba Group, China’s largest e-commerce company, is expanding into mobile gaming in India, where its mobile browser is the most popular by market share. Hong Kong-listed AGTech Holdings and India-based Paytm, both controlled by Alibaba, will set up a joint venture to introduce Gamepind, a mobile gaming and e-commerce platform, in India, according to a statement …

Here are the three sectors in China with the most billionaires … and e-commerce is not one of them

Two of the three richest people in China may have been from the internet and e-commerce space in 2017, but the top three sectors by the number of billionaires are biotechnology, property, and semiconductor and electronics manufacturing, according to a survey released on Monday. Pony Ma Huateng, founder and chief executive of the US$500 billion Chinese …