Ecargo (ECG) has completed its acquisition of China export business Metcash Export Services from supermarket wholesaler Metcash. The wholesaler, which supplies more than 10,000 independent retailers in Australia, still owns 15 per cent of Metcash Export Services, while ECG controls the remaining 85 per cent. The Metcash’s China team will
The Federal Parliament has suffered a cyber breach and various media outlets are reporting that security agencies are investigating if China is the possible source. Sources have told the ABC the attack was detected in its early stages but authorities are yet to determine if data had been stolen during
Chinese mobile payments company Alipay and Tourism Australia will pilot a new city service in Sydney to promote leading tourist and retail destinations to Chinese tourists, throughout the Chinese New Year festive period in early February. The Sydney City Card will introduce Chinese tourists to sights and activities in hotspots
Startup hub HaymarketHQ is launching a new program in partnership with Australia Post, Alibaba Cloud and Australia-China Council to help businesses enter China. The China Canvas Challenge is an online program valued at almost $5,000, but the inaugural course will be free for all participants, thanks to the corporate sponsors.
The 21st century is set to become the Asian Century if the continent’s political and cultural dominance continues at a rate anywhere close to what we’ve witnessed so far. Sign up for Which-50’s Irregular Insights newsletter The economic dimension of this dominance is easily summarised in GDP growth rates which
IBM received a record 9,100 patents in 2018, marking the 26th consecutive year the company has been granted more US patents than any other organisation. The new patents were granted to a diverse group of more than 8,500 IBM inventors. IBMers with residence in Australia contributed 150 patents to the
Apple CEO Tim Cook has told investors the company won’t be making as much money as it expected over the crucial holiday quarter. Lower than expected iPhone sales, particularly in China, have led the tech giant to slash its revenue forecasts, causing Apple shares continue to decline from their peak
It was a busy weekend for Chinese ecommerce giant Alibaba which processed US$30.8 billion (AU$42 billion) of gross merchandise volume (GMV) during its annual 24-hour sale, known as double eleven or Singles’ Day. The final figure for the sale, which measures the value of transactions processed via Alibaba’s marketplaces on
A tiny microchip planted on servers’ motherboards by the Chinese army has created a secret backdoor into the hardware of some of the world’s biggest tech companies and US government agencies, according to an investigation by Bloomberg. The chip is believed to have been planted early in the supply chain
Last year Chinese Agrifood startups raised $1.8 billion in 177 investment deals, according to new research from Agfunder. The majority of the investment occurred at the consumer end in the “eGrocery” segment. Agrifood refers to the food and agriculture industry, globally a multi-trillion dollar industry and the worlds largest employer.