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Video interview: Leveraging China's insatiable demand for luxury
Aaron Fischer, head of Asian consumer & gaming research at CLSA Asia-Pacific Markets, a financial consultant firm, says investors can get solid exposure to China's luxury goods demand by buying Hong Kong listed retailers such as Emperor Watch & Jewelry and Chow Sang Sang.
Philips' names new head of global domestic appliances biz
Philips on 13 December said the head of its Indian electronics division, Murli Sivaraman, will take over as the global head of the firm's domestic appliances business.
Sivaraman – who is the Philips Electronics India vice chairman and managing director – will head the group's global domestic appliances business and will be based out of Shanghai in China.
Sivaraman will be replaced by Rajeev Chopra, who is currently head of Philips Lighting India.
Jewellery tops online product sales in India, says eBay
India's e-commerce sector is getting a good response from rural and tier III cities, Sharat Digumarti, head of Operations at eBay India, said at the launch of the eBay India census 2010 in Hyderabad.
China's Xinjiang to receive 50m tourists by 2015
China’s Xinjiang Uyghur Autonomous Region plans to receive 50 million tourists by 2015, according to Yinamu Nasirding, head of the Xinjiang government's tourism department.
"We have welcomed more than 25 million tourists from outside Xinjiang so far this year, and we plan to double this number by 2015," said Nasirding.
HSBC builds Asian equity team to drive business growth
HSBC recently announced a series of new appointments across its equity functions within Global Markets in Asia Pacific to drive business growth within the sector.
Chetan Patni was appointed Managing Director, Head of Execution and Sales Trading, in India. Mr Chetan will be jointly responsible for HSBC’s Indian equities business with Haresh Shivdasani, Managing Director, Head of Equities. Mr Chetan reports to Rakesh Patel, Managing Director, Head of Equity Sales and Trading, Asia Pacific. Prior to joining HSBC, he was an Executive Director at J.P.Morgan India.
1st China-made jumbo jet due 2014
China's first locally made jumbo jet could take off as early as 2014.
Chen Jin, marketing head of China Commercial Aircraft Corp., said the jumbo jet will have new generation engines, superior to those of the Boeing 737. It will feature increased economic performance, reduced emissions and enhanced comfort.
Racquet maker Babolat targets India market
"The string and guts give 70 percent of the power from a racquet," says Lucien Nogues, the technical head of French string and racquet maker Babolat.
On the eve of the Davis Cup tie between Brazil and India taking place in the South Indian city of Chennai, Nogues and Giovanni Pietra, the managing director of international sales of the 135-year-old company is on a mission to promote the brand, which is used by some of the top tennis players in the world.
Mobile net users may double as cheaper phones come on China's market
China's mobile internet users may more than double within five years as smartphones that can browse the Web and download music become more affordable, says Lee Kai-fu, the former head of Google's China division.
The number of people accessing the internet on their mobile devices might grow to 800 million within three to five years, from about 300m now, Lee said Monday at the Beijing office of Innovation Works, the technology business incubator he set up after leaving Google.
Asos hires Mothercare exec for Marketplace
Asos has poached Mothercare head of group ecommerce Leighanne Miles to lead the development of its global second-hand clothes platform Marketplace.
Miles, who joins Asos as head of ecommerce – Marketplace, will be responsible for developing the buyer and seller experience for the platform, which launches later this year. She will report to Asos ecommerce director James Hart, who has overall responsibility for Marketplace.
China overtakes Japan as world's no. 2 economy
China has overtaken Japan to become the world's second largest economy after the US, according to the country’s chief currency regulator.
The economy expanded 11.1 percent in the first half of the current year, compared with a year earlier, and is likely to log growth of more than 9 percent for the whole year, according to Yi Gang, head of the State Administration of Foreign Exchange (Safe).
