China plans to build 212 national logistic hubs and form a national logistics hub network in line with the advanced economic system by 2035. About 30 hubs will be established by 2020 and another 150 will be built by 2025, reducing the ratio of total logistics expenses to GDP to about 12 percent, according the […]
China’s digital economy hit 16 trillion yuan ($2.3 trillion) in the first six months of 2018, which accounted for 38.2 percent of the country’s overall GDP growth. Lu Chuncong, director of the academy, said despite booming growth, China’s digital economy suffers from unbalanced and inadequate development. Data shows that in 2017 the province with the […]
A joint study by Omidyar Network and Boston Consulting Group (BCG) has reported that digital lending to micro, small and medium enterprises (MSME) in India can grow upto 7 lakh crore by 2023, a 15x increase in annual disbursements. “As of 2018, most of the credit demand for $600 billion is being met through informal sources,” said Roopa […]
The social media major Twitter posted stronger-than-expected profits and revenues in the third quarter. The social network delivered a $789 million profit, which included one-time gains, compared to a net loss of $21 million in the previous year, as revenues increased 29% to $758 million. The record profit included one-time gains from tax and asset […]
The cloud computing arm of the Alibaba Group has reportedly launched its second availability zone in Indian city Mumbai. The company stated that this freshly built zone will complement the first availability zone that was opened in January this year. This will provide products such as Elastic Computing, Storage, Database, Network, Application Services and Big Data Analytics […]
China is the most populated country in the world and therefore, its GDP is also the highest among all the countries. Taking all these points into consideration, the cost of living in first-tier cities in China has also been increasing day by day and has now paved way among the highest in the world. The […]
Foreign Direct Investment which means the investment that is made by a person or a firm in any business interest situated in another country seems to be showing a new record in the financial year 2018. However, according to a report, over the last fifteen years, the FDI flows into the country show that they […]
ATAL BIHARI VAJPAYEE – The Immortal Legend who has taken India to great heights and has been a sound politician serving the country thrice as the Prime Minister. The iconic national leader took a greater step in the evolvement of the rural level with a mission to make India a global leader. He has always […]
Qatar based Qatar Investment Authority, or QIA, signed a memorandum of understanding with the Indonesian government for a $500 million investment in Indonesia tourism. Under this agreement, QIA will invest the amount on 10 tourist destinations in Indonesia, also known as “10 New Balis.” The destinations include Lake Toba in North Sumatra, Wakatobi in Southeast Sulawesi and […]
Mark Zuckerberg, the founder and CEO of the most popular social networking platform Facebook lost $15.1 billion in just 5 minutes! For most of the world’s richest people, losing $15.1 billion in five minutes would be a wipeout. However, for Mark Zuckerberg, it’s just about a sixth of his net worth. The Facebook CEO lost […]
Alibaba Group, the popular Chinese conglomerate has announced the launch of its new distribution channel programme with an aim to strengthen its existence in India. The company believes that it is a great time to carry on and grow business in the country. The company had also come up with its new distribution channel programme […]
Gurgaon-based startup Sqrrl Fintech has raised USD 1 million in their Pre-Series A funding round from Equanimity Venture Fund. Launched in March 2017 by trio Samant Sikka, Dhananjay Singh and Sanjeev Sharma the app is aimed at helping young Indians to build the habit of savings and investments. Post this funding round, Rajesh Sehgal, the […]