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SINGAPORE (The Straits Times/ANN):Almost half of all Singapore-based employers plan to increase headcount this year, with a significant number looking for people with information technology or IT capabilities, a survey noted on Wednesday (Jan 20).
For investors who’d been waiting months to catch a glimpse of Jack Ma, the entrepreneur’s participation in a livestreamed video conference on Wednesday was enough to trigger a US$58bil (RM233.76bil) sigh of relief. That’s how much Alibaba Group Holding Ltd’s market value soared after a clip of Ma speaking to a group of teachers began circulating online – his first public comments since disappearing from view late last year.
The future of China’s most popular app WeChat is short videos and livestreaming, says creator Allen Zhang
WeChat is a relatively late entrant in the short video and livestreaming market, which has seen a surge in popularity during the coronavirus pandemic. Over the past five years, the number of daily video messages posted on WeChat has increased 33 times while video content on WeChat Moments is up tenfold.
China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group Co and Tencent Holdings Ltd.
SINGAPORE: Business investment commitments into Singapore rose 13% last year to their highest in more than a decade, helped by sectors such as semiconductors, energy and chemicals even as the city-state suffered its worst recession from the Covid-19 pandemic.
Pinduoduo confirmed the deaths of two young workers recently, sparking debate over a culture of overworking in China’s tech companies. A ‘996’ work schedule of 12 hours a day, six days a week has become an unwritten standard for many of the country’s tech firms.
WeChat creator Allen Zhang is counting on a breakthrough in video to thwart TikTok owner ByteDance Ltd, building on the success of his last big overhaul of the all-in-one messaging app.
Tencent Holdings Ltd’s WeChat recorded more than US$240bil (RM970.56bil) of online transactions on its mini programs last year, after more shoppers turned to the platform to buy daily necessities such as fresh fruit and vegetables during the pandemic.
Tencent super app WeChat celebrates a decade of influence in China’s online world, but are its best years behind it?
WeChat has helped make Tencent the largest company in Asia and propelled its market capitalisation to US$800bil, the sixth biggest globally. While WeChat does not have to worry about foreign competition, it is facing a fierce fight from emerging domestic rivals like ByteDance.
SHANGHAI: Chinese mom-and-pop investors are stampeding into the stock market for fear of missing out on the bull run, with more than 1.6 million share trading accounts newly opened in December, doubling from a year earlier, latest data shows.