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Shelly Banjo

Recent and archived articles by Shelly Banjo

31 May 2018 | 2:30 PM

Airbnb founders go it alone in China after refusing buyout offer

Airbnb Inc’s founders were moments away from merging their China business with local competitor Tujia in January 2017. Executives and investors spent hours hashing out a deal. Preliminary term sheets were drawn up. Then in the final hour of negotiations, Airbnb pulled out.

22 May 2018 | 2:30 PM

The Lucky 56: Xiaomi IPO to make dozens of workers millionaires

Eight years ago, before China’s Xiaomi Corp had sold a single smartphone, 56 of the earliest employees pulled together US$11mil (RM43.74mil) to invest in the startup. Rank-and-file workers dipped into savings and borrowed from parents. One receptionist tapped her dowry.

10 May 2018 | 10:00 AM

Cooling China phone sales creates zero-sum game: opinion

Raise your hand if dollar signs pop into your mind when thinking about China’s 1.4 billion consumers.

2 Apr 2018 | 2:30 PM

Alibaba buys delivery startup Ele.me in US$9.5bil deal

Alibaba Group Holding Ltd is buying full control of the startup Ele.me as it steps up efforts to expand in China’s fast-growing market for local delivery of food and other services.

The Ele.me deal is part of a broader foray by China’s largest e-commerce company into logistics and brick-and-mortar assets. — Reuters
26 Feb 2018 | 10:00 AM

Pics or it didn’t happen: Photo park takes FOMO to new heights

In Indonesia’s Menoreh hills, villagers built a treetop adventure course in 2008 to lure thrill-seeking tourists. Instead, visitors are coming for the perfect Instagram shot.

30 Jan 2018 | 4:05 PM

Google bets US$1.1bil more brains can help take on Apple

Google officially closed its US$1.1bil (RM4.28bil) deal with HTC Corp, adding more than 2,000 smartphone specialists in Taiwan to help the search giant chase Apple Inc in the cutthroat premium handset market.

The HTC deal will help Google wade deeper into designing its own consumer hardware and special-purpose chips – like Apple. — Reuters
13 Dec 2017 | 12:19 PM

Google to open Beijing AI centre in latest expansion in China

Google is deepening its push into China as it seeks an edge in one of technology’s most competitive fields: artificial intelligence.

Google’s most recent move to formalise its AI presence in China is a tacit acknowledgement that companies and governments in China and the US are locked in a race to determine how the art and science of AI will be applied around the world. — Reuters
11 Jul 2017 | 4:23 PM

Lotte's Chemical reaction shows price of neglect

HONG KONG: Lotte Group seemed to be getting back to business after a rough year of court battles, family feuds and strained relations with China.

28 Jun 2017 | 7:00 AM

High returns don’t run in the family for Asia’s empires

THREE of Asia’s wealthiest tycoons are stepping down from the empires they built, and investors shouldn’t assume their scions will carry the torch as effectively.

 Li Ka-shing stirred the region after the Wall Street Journal said Hong Kong’s richest man would retire as chairman of flagship CK Hutchison Holdings Ltd by next year.
7 Jun 2017 | 7:00 AM

Big auto wins as China pulls plug on clean-car startups

CHINA’S plan to halt new electric-vehicle permits may prevent the market from overheating.

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