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Grab and Uber infringing on competition laws: how the merger had eroded competition in the ride-hailing industry“
“US-based Uber sold its Southeast Asian business to bigger regional rival Grab in March in exchange for a 27.5 per cent stake in the Singapore-based firm. The following day, CCCS said it would launch an investigation into whether the transaction infringed anti-monopoly laws.”
Read the full article here on ChannelNewsAsia: Singapore competition watchdog fines Grab, Uber S$13 million in total over merger deal
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China’s One Belt One Road: will China’s strategy to extend its geopolitical influence succeed?
“China’s flagship belt and road strategy was launched by President Xi Jinping in 2013 to boost infrastructure and trade links with more than 60 nations from Asia to Africa. Financing for projects is available through the China-led Asian Infrastructure Investment Bank (AIIB).
“Many people see AIIB and the Belt and Road Initiative as part of the parallel economic system China is building. I’m not sure if that’s realistic or feasible,” Kahler said on Thursday in a forum on global governance in Beijing.
“I don’t think countries in the region want that. They all have their own interests and autonomy to defend.””
Read the full article here on South China Morning Post: China’s new world order ‘unrealistic’ if built on belt and road alone, senior US diplomatic observer says
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China’s reputation: China’s economy moving towards innovation, attempt to shed their copycat image
“Nevertheless, Chinese companies acting more aggressive about chasing after innovations actually signals a brighter future ahead for the country. The Chinese are becoming bigger risk-takers and that’s wonderful news for the national economy.”
Read the full commentary here on ChannelNewsAsia: Copycat no more? China’s emergence as a global innovator