Huawei developed own operating system Hongmeng OS; 5G商用 中国准备好了! China roll-out affordable 5G


https://youtu.be/uHlrc7kWh-w

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Huawei CEO Ren Zhengfei remains positive, despite U.S. sanctions

这是特朗普面对中国犯的最大错误

5G商用 中国准备好了! 20190605 | CCTV中文国际

 

Chinese consumers expected to use affordable 5G phones next year

 

After 5G commercial licenses have been officially issued, how long will Chinese people have to wait before they can use 5G smartphones?

The official issuance of the licenses shows that China — the world’s largest mobile phone market — has entered the 5G era. Industry analysts predict that Chinese consumers will be able to use 5G smartphones at prices ranging from 2,000 yuan ($290) to 3,000 yuan next year.

“Some 5G smartphone products will be released this year, but will be quite expensive, over 10,000 yuan,” Xiang Ligang, director-general of the Bei-jing-based Information Consumption Alliance, told the Global Times on Thursday. Consumers can buy 5G phones at affordable prices in a year, he noted.

Major regions such as Beijing, Shanghai and South China’s Guangdong will be the first places covered by 5G networks. Based on previous in-formation unveiled by the three carriers, smartphone users will have access to 5G high-speed internet and voice services without having to change SIM cards.

China’s telecoms industry regulator officially re-leased the first four 5G business licenses to Chi-na Mobile, China Union, China Telecom and Chi-na Broadcast Network on Thursday, helping the country get into the fast lane in commercializing the next generation of wireless technologies.

China released licenses a year earlier than scheduled to boost the economy while strengthening the overall telecoms sector in light of the US-led crackdown on Chinese telecoms vendors, Xiang noted.

“It will also help boost the sluggish smartphone market,” he said.

Chinese smartphone makers such as OPPO and vivo have shown confidence by releasing the first batch of 5G phones as soon as possible, and will adjust shipments in line with demand, media re-ported on Thursday.

– Global Times

 

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Huawei could end up challenging Google

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Penang State to study Airbnb woes before legalising operations; Using Airbnb to settle mortgages?


Airbnb, Why the New Logo?

HOW other cities worldwide tackle their Airbnb problems are being studied to see if the home-sharing business could be legalised or regulated in Penang.

The office of the Penang State Exco for Tourism Development, Arts, Culture and Heritage (Petach) is studying their policies to tackle the issue of residential home owners who rent out their units as if they were running a hotel or serviced apartment.

Its exco member Yeoh Soon Hin (pic) said the global home-sharing business was quite established in Penang now that when people buy a house or condominium unit, someone might approach them and offer to guide them to sign up with Airbnb and make money from their new property.

He told the assembly that Penang Global Tourism had met with Airbnb’s management team to discuss how to regulate the business.

“Airbnb told us that they are ready to cooperate and register Airbnb units in Penang with the local authority, but we have no laws or policies for this yet,” he said.

Yeoh said in San Francisco, Airbnb operators are limited to renting their homes to a maximum of 90 days a year.

“In Catalonia, Spain, Airbnb operators can be fined up to 30,000 Euros (RM140,000) and the unit owners fined up to 90,000 Euros (RM420,000) if there are complaints.

“In Singapore, the Urban Redevelopment Authority is proposing to limit Airbnb units to only allow up to six people each time to rent them and for only up to 90 days a year.

“For strata units, Singapore plans to allow it only if at least 80% of all unit owners in the building give consent.

“Japan enacted a law to allow home-sharing of units for only up to 180 days a year,” he said when replying a question from Daniel Gooi Zi Sen (PH-Pengkalan Kota).

Gooi said he was concerned because despite strong enforcement from Penang Island City Council since 2017 to stop residential property owners from using their units commercially, the Airbnb portal lists thousands of units in Penang.

“We cannot deny property owners from benefitting from their assets, but we also cannot let them continue to operate without paying their dues such as commercial assessment rates or the hotel fee,” he said.

Yeoh said Petach was studying how Airbnb operators are regulated while waiting for the federal government to draft laws on home-sharing.

“We raised the issue and were told that the Housing and Local Government Ministry and the Tourism, Arts and Culture Ministry are studying possible laws on this.”

Yeoh said the business was unfair to neighbours, the hotel industry and local authorities.

“They are paying assessments and utility rates for residential units but are using those units commercially while legal hotels that comply with all laws such as safety and traffic provisions pay much more.

“The peace and privacy of their neighbours are being intruded upon,” Yeoh said.

He said his team in Petach was also considering the possibility of recommending that Airbnb operators be charged double or triple the current residential assessment rates that they are paying now after they are legalised.

By arnold loh and r. sekaran at the penang state assembly

 

Should Airbnb be regulated?

MUCH has been said about Airbnb in the news of late. The Malaysian Association of Hotels (MAH) Penang branch has claimed that the emergence of Airbnb and illegal accommodation are among the main causes for Penang hotel occupancy rate to decline.

Another news report indicated that Airbnb operators are required to register with Kuala Lumpur City Hall. At this point in time, it is vital to see the concept of Airbnb. The platform was started to connect people who were looking to rent their homes to those who wanted hotel-free stay accommodation for short periods. The reason for the registration must be for the purpose of regulation by the authorities.

The claim by MAH that the emergence of Airbnb has caused hotel occupancy rates to drop must also be examined.

In terms of cleanliness and hospitality, although hotels do fit the bill, not all hotels are in that category. All hotels must be refurbished and kept clean at all times. It may be a bit too much to ask for luxury bedding or first class service, but cleanliness and pleasant service is not too difficult.

Airbnb hosts are conscious about their guests and the reviews that are given on the website. They go the extra mile, and it is not always accurate to say that Airbnb is cheaper and therefore people choose them over hotels. It is the space, the home away from home concept, and being looked after, the occasional bottle of wine left for guests, the fruit basket, the bottles of fruit juice and mineral water in the fridge — all of these go a long way in wooing guests.

In terms of protection for the hosts and the guests, Airbnb has enough protection in place. It is up to the renter to choose who they want to rent out to. Those who want to rent and those who are renting out their properties have their profiles. Reviews as to the safety of the place and its convenience — all can be seen from the website. It is a very transparent website and no one can complain that they were not aware that there was a danger or that they did not get their money’s worth. There are times that unfortunate Airbnb hosts unwittingly allow roguish guests and their premises are wrecked. The Airbnb hosts too, have a risk to take.

From the reports, it is unclear of the need for Airbnb to be registered or regulated. Hotel operators are required to register as it is a business. Airbnb is a service platform and not a business. For hosts, it is an additional income — especially for the elder population whose children have left, or even for those with university fees to pay, this additional income will be a good supplement. Unlike hotels and motels, Airbnb operators are there on a temporary basis. Sometimes, the owner may get a long-term tenant, and may not want to continue with the Airbnb concept.

Maybe we can take a leaf from countries where Airbnb has been regulated. In Los Angeles, United States, a regulation was passed for short-term rentals (vacation) with an initial cap on rentals for up to 120 days with flexibility to increase that number of days.

In New York, it is illegal to rent out an entire residence for less than 30 days. Short-term rentals are permitted if the homeowner is also staying there throughout the rental period and there are no more than two renters. This would be ideal for an elderly couple who would enjoy the company of young tourists who would in turn enjoy being in a home environment.

In Japan, anyone wanting to list their property on Airbnb will need to register with the local government, who will conduct fire and safety checks on the premises. The new regulations also limit rentals to 180 days per year.

Singapore has prohibited public housing rentals that are under six months, or three months in the case of private housing without the approval of the Urban Redevelopment Authority. In London and Paris, new laws have limited short-term rentals up to 90 days per year, and Liverpool City Council has pushed for national regulations to ensure that landlords register short-term rental properties.

Regulation is of critical importance in shaping the welfare of economies and society. Any form of regulation must work effectively and serve the public interest. Government agencies, in this case, the local councils are responsible for implementing regulatory policies and must be aimed towards protecting the consumer. When imposing such regulations on individuals, such as Airbnb hosts, there must be a goal that will help the government to achieve its purpose. The objective of a government or regulatory body is to ensure better and cheaper services and goods, and to provide a fair competition to any particular industry without encouraging a monopoly. Airbnb may be regulated and the town and city councils may want to draw up guidelines following from the examples cited above.

By GRACE XAVIER

Grace Xavier is research fellow at the Faculty of Law, Universiti Malaya and she can be reached at gracem@um.edu.my

Using Airbnb to settle mortgages

Survey: Hosting helps to repay loans, provide extra income

Video:
https://www.thestar.com.my/business/business-news/2019/07/03/md-the-cost-and-security-issue-of-airbnb/?jwsource=cl

PETALING JAYA: More Malaysians are relying on Airbnb to settle their mortgages given the property overhang that is engulfing the sector.

According to an Airbnb survey of more than 2,000 Malaysian hosts and guests, half of the Airbnb hosts said it had helped them pay for their homes while 40% said Airbnb provided a supplementary income for them to make ends meet.Malaysia is Airbnb’s fastest growing country in South-East Asia for the second consecutive year.

It saw more than 3.25 million guests in Malaysia over the past 12 months ended July 1, which translated to a 73% increase from the previous period.There are more than 53,000 Airbnb listings in the country.

Axis REIT Managers Bhd investment head and former Malaysian Institute of Estate Agents president Siva Shanker said many of the Airbnb hosts were investors and speculators who purchased the properties during the upturn, with the intention of selling them at a higher price.

“However, when the property market started to make a turn for the worse, many of these speculators found it difficult to sell or rent out their units but at the same time they needed income to service their loans,” he told StarBiz.

Siva said many of the buyers and investors had bought the units on the advice of some people with questionable skills and credentials.

“Many of the people, who claimed to be experts, gave false assurances that the properties could be sold at a premium of up to 40% within a couple of years, or that they would be able to get high rental yields.

“This is essentially a get rich quick scheme and many people believed in them. But then the market crashed and many of the buyers are saddled with a property that they can’t sell or rent out.”

Siva said many of the so-called “advisers” had rebranded themselves as Airbnb consultants when the property market slumped.

Airbnb is an online booking platform that allows people to rent out their properties or spare rooms to guests.

PPC International managing director Datuk Siders Sittampalam said the concept of Airbnb needs to be regulated.

“It’s never been regulated in the past, especially in terms of taxes. How do you determine things such as cost and security?”

Siva concurred that proper regulation need to be put in place to for Airbnb operators.

“You don’t know who’s going into your apartment. Every other day, your occupants are changing.

“They could be illegal immigrants, running criminal activities, being a nuisance and disturbing the neighbours.

“How is the unit considered ‘gated and guarded’ when the owner is the one that opens the door to these strangers?”

With no proper regulation in place, Siva said the value of the apartment will deteriorate.

“The owner is running it like a hotel, except he doesn’t have the upkeep skills of a hotelier. Within a year, the apartment will look run down. By then, new properties will be up in the market and new owners will be looking to rent them out.

“The owner of the run down apartment is going to have difficulties finding tenants, but he still needs to fulfil his monthly mortgage. Eventually, it becomes a vicious cycle. To stop this, we need to educate the public and get rid of the self-proclaimed property gurus.”

Another concern is the Airbnb having a huge impact on the local hotel industry.

According to Impiana Hotels Bhd executive director Azrin Kamaluddin, hotels that havemore than four stars will face limited to no impact from the rising popularity of Airbnb.

“The hotels offer distinct product differentiation as they provide experience and service to guests.

“What Airbnb does is offer accommodation as a commodity.

“I believe that owners of four and five star serviced residences that do not lease back their units to operators as well as hotels that are three stars and below would be disrupted by Airbnb.

“It is imperative for hotels that have three stars and below to reinvent themselves to stand out from the competition posed by Airbnb,” he said.

On the potential launch of Airbnb Luxe, Azrin said it would not have an impact on four to five-star hotels, given the relatively small volume and higher price tag of US$1,000 per night.

Siders concurred that Airbnb would only have an adverse impact on budget hotels.

“The four-star and five-star hotels offer different types of services and amenities.”

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Five challenges young Malaysians face with home ownership


For many young Malaysians, the road to owning a home is riddled with speed bumps. — Pexels

 

PETALING JAYA, Feb 26 — Most would agree that you truly reach adulthood the moment you own your own property.

Just like any other major milestone in life, getting there comes with its own set of challenges that many young Malaysians have to overcome before they can successfully purchase a home.

Here are five hurdles Malaysian millennials might encounter on the path towards home ownership:

1. Worrying about making the wrong choice, when is the ‘right’ time to buy?

 Purchasing a home can be a major decision that many Malaysian youths feel overwhelmed by. — Pexels pic

Purchasing a home can be a major decision that many Malaysian youths feel overwhelmed by. — Pexels pic

Making the decision to buy a piece of property is a huge step that young locals aren’t quite brave enough to take yet.

Social news website SAYS’ 2019 Malaysian Home Survey among 8,568 Malaysians reports that one in five respondents had “(worries) about making the wrong decision”, especially since home ownership requires a hefty financial investment.

2. Unsure about loan application and loan rejections.

Do you have enough saved up for a home in the future? — Pexels pic

Do you have enough saved up for a home in the future? — Pexels pic

A difficult loan approval process is a huge factor that dampens many Malaysians’ prospects of owning a home.

PropertyGuru’s Consumer Sentiment Survey in 2017 states that 33 per cent of Malaysians reported a tough approval process for bank loan applications which presents a major roadblock on the path to home ownership.

3. Starter salaries, not enough money saved for a downpayment.

The average Malaysian needs to plan carefully if they want to own a house with their current salary. — Reuters pic

The average Malaysian needs to plan carefully if they want to own a house with their current salary. — Reuters pic

The thought of dealing with a mortgage on the salary of a fresh graduate is making many millenials think twice about owning a house.

The Employee’s Provident Fund statement in 2016 had said that 89 per cent of the working population in Malaysia earn less than RM5,000 monthly, making home ownership especially challenging.

Most millenials wouldn’t believe that they could own a house with that salary.

4. Renting or owning?

It’s not easy maintaining a modern lifestyle when you’ve got a mortgage weighing on your shoulders. — Unsplash pic

It’s not easy maintaining a modern lifestyle when you’ve got a mortgage weighing on your shoulders. — Unsplash pic

The hefty financial commitment to owning a home means young Malaysians will have to make some lifestyle changes if they want to stay afloat while having a house to their name.

This might mean foregoing luxuries such as weekend brunches and holidays overseas which have become staples for the modern generation.

Hence, a monthly instalment replacing these pleasures is the reason 33% of Malaysians in SAYS’ survey are saying ‘no’ to home ownership.

 

5. Lack of awareness on housing deals and promotions.

Housing deals and offers don’t seem to be showing up on the radars of young Malaysians. — Unsplash pic


Housing deals and offers don’t seem to be showing up on the radars of young Malaysians. — Unsplash pic

While initiatives are in place to help young potential homeowners, many do not even know about the resources available to them that can ease the burden of property ownership.

A shocking 65 per cent of Malaysians in SAYS’ survey said that they had no clue about current housing offers and promotions.

This means that many young adults are currently unequipped with knowledge about navigating the property market.

In light of this, property developers EcoWorld have launched HOPE (Home Ownership Programme with EcoWorld), a comprehensive solution that promises to aid young Malaysians in their journey towards owning their dream home.

HOPE aims to make the dream of home ownership a full-fledged reality for millennials with the STAY2OWN (S2O) and HELP2OWN (H2O) programmes.

S2O will allow those wanting to stay in an EcoWorld project to rent their ideal home first with the confidence that they can become homeowners in the future.

A low monthly payment similar to the market rental rate also makes it particularly attractive for first-time homebuyers.

The option to rent first before buying also gives customers ample time to get their finances in order before committing to a new mortgage.

To top it all off, the rental savings will be used to offset part of the purchase price of the home, making it even more affordable for young Malaysians.

The H2O had successfully helped approximately 1,800 young homeowners and upgraders own their choice EcoWorld home last year and you can be one of them too! For more information on owning your dream home, visit EcoWorld’s website  https://ecoworld.my/hope/) or Facebook (https://www.facebook.com/EcoWorldGroup/).

By Tan Mei Zi The MalayMail

* This article is brought to you by EcoWorld. https://ecoworld.my/hope/

A NEW HOPE FOR YOUR DREAM HOME


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Bytedance, World’s Most Valuable Startup Is Home to a Complex Fortune


US$13bil man: Zhang is the youngest self-made billionaire in Asia on the Bloomberg index, which tracks the world’s 500 richest people. He is worth US$13bil. — Bloomberg

  • Ownership structure used by Zhang Yiming is popular in tech
  • Chinese authorities will soon allow so-called VIEs to list

The 35-year-old founder of Bytedance Ltd. is worth about $13 billion, according to the Bloomberg Billionaires Index, making him China’s 9th-richest person and one of the fastest in modern times to amass a mega-fortune.

The business, founded in 2012, has more than 1 billion active monthly users across eight mobile apps, including a news aggregator powered by artificial intelligence and a video-sharing platform.

Zhang is the youngest self-made billionaire in Asia on the Bloomberg index, which tracks the world’s 500 richest people. His rapid wealth accumulation is a sign that China hasn’t lost its knack for creating mega-rich company founders despite a slowing economy.

His rapid wealth accumulation — he’s now the world’s 98th-richest person — is a sign that China hasn’t lost its knack for creating mega-rich company founders despite a slowing economy. It also helps explain why authorities seem to be taking a more tolerant stance toward a corporate structure favored by the country’s technology tycoons, most of whom have chosen to list their businesses overseas.

Zhang’s fortune is harder to calculate than the founders of Baidu Inc. and Tencent Holdings Ltd. in part because his company isn’t yet public. It’s also difficult because Bytedance is structured in the same way as the two tech behemoths — a complicated ownership system known as a variable interest entity (VIE).

Of the 44 Chinese tycoons on Bloomberg’s wealth index, eight are tech moguls with VIEs listed outside China. The billionaires’ combined net worth exceeded $150 billion as of March 21, and their stakes weren’t publicly known until the companies filed with regulators ahead of going public in New York or Hong Kong.

VIEs have never been formally endorsed by the Chinese government. But in an acknowledgment of their importance, officials will soon permit VIEs to go public in the country, allowing them to list on a new technology-focused exchange set to launch in coming months.

Complex Structure

Bytedance is, for now, a closely held VIE with a complex structure that involves layers of holding companies.

Its main business, Jinri Toutiao, is ultimately owned by Zhang and Bytedance Senior Vice President Zhang Lidong through a Beijing-registered holding firm, according to China’s National Enterprise Credit Information Publicity System.

Zhang pledged his 98.8 percent stake to another Beijing company, which in turn is owned by a Hong Kong-registered firm. That entity, where Zhang is a director, is owned by a company registered in the Cayman Islands. The principals won’t be disclosed unless there’s an IPO prospectus.

The Bloomberg Billionaires Index calculated Zhang’s net worth by pegging his stake at 65 percent and using the company’s valuation of $20 billion, a figure provided in 2017 by people with knowledge of the matter. The analysis assumes his stake has been diluted through funding rounds.

Bytedance is said to have secured a $75 billion valuation in late 2018, making it the world’s most valuable startup — though the figure isn’t used in the net worth calculation because the details haven’t been confirmed.

Yin Ai, a Bytedance spokeswoman, declined to comment on Zhang’s wealth or the ownership structure.

Zhang uses a VIE because Chinese regulations limit foreign investment across more than 30 sectors including the internet, telecommunications and education. The VIE structure — which allows offshore companies to control domestic Chinese businesses through contractual agreements — circumvents the rules and allows, for example, Baidu’s holding company to be based offshore (and list in the U.S.) while still being a dominant force in China.

Internet giant Sina Corp. pioneered the VIE model so that it could transfer income from onshore operating businesses to an offshore holding company, an arrangement that meant the Cayman Islands entity could list on the Nasdaq Stock Market in 2000.

There are risks to the structure for foreign investors, said Donald Clarke, a specialist in Chinese law at George Washington University.

“A contract entered into for an unlawful purpose is invalid under Chinese law,” he said. “Any time the government wants to pull the plug, it can.”

Still, that hasn’t stopped more than 100 companies using VIEs in offshore IPOs, according to research by Zhou Fang, a Beijing-based partner at law firm JunHe LLP, who predicts that more companies will follow.

That growth helps explain why authorities are slowly embracing VIEs. Earlier this month, China enacted a foreign-investment law that allayed investor concerns about the future of such companies, while unicorn VIEs will be able to list on the new exchange in Shanghai, known as the Tech Board.

“To some extent, it shows the government easing concerns over VIEs — but they still care about who’s the ultimate controller of the company,” said Zhang Biwang, a partner at Allbright Law Offices. As long as the controller of the company remains a Chinese citizen, “the government won’t shut their eyes and ignore reality to make the companies give up VIEs.”

ByBloomberg

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China’s private companies reaching for the stars


Lift-off: A security cordon is placed around the launch site of an OS-X suborbital rocket, which was developed by OneSpace Technology Group Co Ltd, in northwestern China last May. —China Daily
SATELLITES have become the latest gold mine or private companies in China as they rush to reach for the stars in the space sector.

The country’s satellite industry, which used to be dominated by state-owned enterprises, is gradually changing and opening to private players.

More than 90 Chinese start-ups, mostly focused on satellites or rockets, have taken their first steps in the space industry in the past four years, a senior industry expert from a Beijing-based satellite startup, who wished to remain anonymous, told China Daily based on the start-up’s internal research.

“It means that on average, nearly two startups were founded every month in the past four years in China. It is significant if China is to grab a slice of the cake from the global competition in the budding space industry,” he said.

According to The Space Report 2018 issued by The Space Foundation, the total market of the global space economy was US$384bil in 2017, a year-on-year increase of 7.4%. Of that, commercial activities accounted for more than 80%.

Industry experts pointed out that China only accounts for 3%-5% of the space economy globally, but the country is gaining ground fast in terms of both scale and technology.

Since 2014, Chinese authorities have launched policies and called for private players to actively participate in the country’s space industry.

Earlier, the National Development and Reform Commission, along with the Ministry of Finance and the State Administration of Science, Technology and Industry for National Defence, also unveiled a 10-year blueprint to promote the commercial space sector.

LinkSure Network, a Chinese free internet access provider, announced a plan in November last year to launch China’s first Wi-Fi satellite in 2019.

It aims to send 272 satellites into space to provide free Wi-Fi globally by 2026. The first batch of investment will hit 3 billion yuan (US$447mil).

Similar to Elon Musk’s Starlink plan, the satellites will be used to expand internet coverage and boost internet speeds, the Shanghai-based internet firm said.

“The starting point of such a plan is to offer free internet connections to people around the world, especially those in underdeveloped areas or rough terrain,” said Wang Xiaoshu, rotating president of LinkSure Network.

The company, founded in 2013, became a unicorn – a startup valued at more than US$1bil – in 2015 by raising US$52mil in its A-round of financing.

“Satellite connection will be a great supplement to the ground network. The ground network, which relies on stations, has limitations due to, for example, weather and land form,” said An Yang, chief scientist of LinkSure’s satellite project.

“On a global scale, the number of satellites is far from meeting the huge demand for communication. The future of the communication sector must be a combination of space and ground,” he said.

Under the plan, revenue will come from services to high-end users as well as those provided to areas that the ground network is unable to reach, An said.

The space era: In this undated photo, An Yang, chief scientist of the satellite project at LinkSure Network, introduces the company’s satellite system at a news conference in Beijing. — China Daily

LinkSure is not the first. A string of startups have sent satellites into space for different purposes.

For instance, Guoxing Yuhang Co Ltd, or ADA Space, a private firm based in Chengdu, Sichuan province, launched two artificial intelligence satellites at the end of last year.

Though the country’s internet giants have not directly announced plans to develop, produce or launch satellites, they are showing a desire to do so.

Tech conglomerate Alibaba Group launched a communication satellite to support its online shopping gala last year while Baidu chief executive officer Robin Li said earlier that he hoped more support could be given to private companies in the civilian space segment.

Another tech giant Tencent Holdings Ltd has also jumped on the bandwagon by investing in US startup Moon Express, which was founded in 2013 by a group of space entrepreneurs.

The US startup is looking to profit from the commercial space sector through leveraging core technologies including using drones to mine asteroids.

Compared with state-owned companies, private firms are better at commercialisation including attracting and using money and resources, which will greatly improve efficiency, said Yang Feng, chief executive officer of Spacety, a commercial aerospace company specialising in developing commercial micro and nano satellites.

“It is also a promising area that state-owned and private space companies can supplement and co-operate with each other,” he added.

Notably, some private players have also entered the overseas market. China Communication Technology Co Ltd in Shenzhen, a satellite-based communication services provider, has been beefing up its overseas presence to exploit foreign opportunities.

“We aim to extend our business to Africa this year and will tap into one or two Belt and Road economies each year,” said Wu Guangsheng, president of CCT.

CCT is currently offering services and products in the US, Europe, the Middle East and nine other countries and regions that are participating in the Belt and Road Initiative.

In 2017, its overseas revenue was about 9 billion yuan, which made up more than 60% of the total.

It also plans to further explore South-East Asian markets including Indonesia, Malaysia and the Philippines, and promote its products in Central Asian economies such as Kazakhstan.

Last year, the company entered the Philippines by acquiring G Telecoms Inc, the third-biggest telecom operator in the local market.

“In the past, we could only co-operate with local (telecom) carriers in foreign countries by selling our equipment to them. But with this big step, we can operate independently, be it launching our own satellites or providing data-related services,” Wu said.

The business could have huge potential as some 75% of the Philippines’ 100 million population are aged 25 or under and they have a voracious demand for communication services.

So far, CCT has received orders from civil aviation and public security departments in the Philippines, Indonesia and Malaysia.

In 2018, at least 15 private space companies disclosed their financing with the total amount estimated to reach more than 2 billion yuan, according to a report from 36Kr, a science and technology media group.

A report from China Money Network pointed out that seven private space companies had raised more than 1.66 billion yuan by August 2018.

MatrixPartners China, IDG Capital, China Growth Capital and Shunwei Capital were among the major investors.

Despite intensive capital support, industry insiders pointed out that there is still a long way to go for Chinese private firms to gain a lead.

For startups, money is still the bottleneck, said Jiang Yunwei, president of CITIC Juxin (Beijing) Co Ltd Capital Management, in a report.

“A company cannot earn money by launching a single satellite and the commercialisation of satellites needs a network of dozens of satellites, which costs a lot,” he said.

A satellite network requires at least 1.8 billion yuan to 2 billion yuan, according to Xie Tao, founder and chief executive officer of Beijing-based space startup Commsat Technology Development Co.

Facing such pressure, satellite startups are expected to address another challenge – to reduce the cost of developing and launching up satellites.

“Companies should change their approach of using costly accessories made only for space,” said Xie. “Private companies can leverage commercial components to replace expensive ones.

Zhang Jiacheng, an investor in space startup OneSpace, agreed.

“China is still at the starting point in the commercial space sector. A well-rounded system needs to be established to offer space startups affordable and sustainable services.” — China Daily/Asia News Network

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Risky business of overseas ‘jobs’ , Don’t get conned, Malaysians warned !


The promise of lucrative salaries are luring many Malaysians abroad but most are scams leaving these job seekers cheated and in need of rescuing.

The promise of lucrative salaries are luring many Malaysians abroad but most are scams leaving these job seekers cheated and in need of rescuing.

IT is ironic that at the same time there is an ongoing crackdown on illegal immigrants in the country, Malaysians are being detained in countries like Cambodia, South Korea and even Liberia.

These detentions have increased in frequency to the extent that Wisma Putra has issued a warning to “remind all Malaysians to be cautious of opportunities offered in foreign countries, and always verify the prospective employers”.

It used to be that foreigners (read: South Asians and South-East Asians) were drawn to Malaysia’s booming property and service sectors for better paying jobs.

They still are. On Monday, as part of operations codenamed Ops Mega 3.0, some 73 illegal immigrants, from Bangladesh, Indonesia, India, Pakistan, Sri Lanka and Myanmar, were held by the police under the Immigration Act. These foreigners were working at the Selangor wholesale market without proper work documents.

But how times have changed. The roles appear to be reversed, the Malaysians that have been detained overseas were for exactly similar offences – no proper work documents.

This time last year, The Star’s Bahasa Malaysia news portal mStar Online revealed that there was an estimated 5,000 Malaysians working and staying illegally in South Korea. The less fortunate ones were forced to live like refugees, always on the run from the authorities.

These Malaysians were lured by job advertisements that claimed they could earn a lucrative living in the land of K-pop. They paid recruitment agents thousands of ringgit in fees and entered South Korea with tourist visas.

Some of these Malaysians interviewed by mStar spoke about the hardships they faced including poor living conditions, tough working environment and employers holding back their salaries.

The Korean police and its justice ministry have begun cracking down on these illegals, starting from last month. Those without proper documentation will be immediately deported.

But Malaysians never learn. Two recent cases highlight the need for employees to be more vigilant and for the authorities to crack down on fly-by-night recruitment agents.

First, the case of the 47 Sarawa­kians who were detained in Cambo­dia since Dec 11 last year on charges of cheating and initiating and carrying out illegal online gambling activities.

It was reported that the Malay­sians were promised jobs with lucrative salaries up to US$1,500 (RM6,100), and only found out that it was a scam when they arrived in Cambodia.

Their plight was highlighted in local media, and Wisma Putra, other leaders and representatives from Sarawak flew to Cambodia to secure their release. They were finally released on Feb 15.

The second recent case also involved Sarawakians. Eight of them were left stranded in Monro­via, Liberia, since Feb 4 after being offered logging jobs with wages up to RM9,000.

They were left stranded in the African nation without any money, and managed to survive because they were given rice by Malaysians working with Sime Darby in Liberia.

“If not for the rice, we would definitely be dead,” said Aji Surau, 39, after arriving at KL International Airport on March 4, one month after their ordeal.

He said they were abandoned in a house with no water and electricity and even resorted to eating papaya leaves to survive.

All these cases have one thing in common – dodgy job syndicates.

These unscrupulous agents rake in thousands of ringgit by promising the world to gullible locals.

“I want to advise Malaysians to be cautious when getting job offers overseas because this is not the first such incident.

“Check with the authorities concerned, especially the Malaysian representatives, whether the company offering the job is legitimate or not,” Foreign Minister Saifuddin Abdullah told reporters after the Liberian detainees were released.

The Cambodia and Liberia incidences appear to be genuine cases of people who were promised legitimate work contracts. But for every genuine case, there are five others who play the “victim” card.

In some countries where Malay­sians are caught working illegally, they claimed that they were lured there with guarantees of proper employment with legal documentation. But the reality is that these people went overseas on tourist visas with the sole intention of getting a job, by whatever means.

Did you know that Malaysians are the worst visa abusers when it comes to overstaying in Australia?

According to a 2018 report from the Australian Department of Home Affairs, there were 62,000 people overstaying their visas and living illegally in Australia, with Malay­sians making up the largest number. Between 2016 and 2017 alone, 10,000 Malaysians had overstayed!

As a result of this blatant abuse of tourist visas, the Australian authorities have made it harder for Malaysians to enter the country.

Australian-based news site news.com.au quoted a source from the Malaysian mission in Australia as saying that more Malaysians are being turned away at the airports, despite having the necessary visas approved before departure.

These visa scams are not only giving us a bad name, but also making it more difficult for genuine Malay­sian tourists to visit Australia.

The latest “tourist” scam is via social media where syndicates are luring people to become drug mules by offering them cash and opportunities to go for tours abroad. But beware, if you’re caught deportation is the least of your problems. A stiff jail sentence or even the death penalty awaits.

Brian Martin

Brian Martin

Brian Martin, executive editor of The Star, would like to come
clean. He has vested interest in the proposed assessment rate hike since
he’s a resident of Kuala Lumpur.

Don’t get conned, Malaysians warned

 Labour Dept: Only use services of licensed private recruitment companies

From “interviews” in coffeeshops to being persuaded to work in war-torn countries with lucrative salaries, Malaysians are being increasingly conned into travelling to work overseas, only to run into trouble.

This has prompted the Labour Department to advise those wishing to work overseas to only use the services of licensed private recruitment companies.

Seeking the services of licensed private job agencies under the Labour Department as provided in the Private Employment Agencies Act (1981) would help one avoid being conned or exploited by unscrupulous agents or employers overseas, it said.

“There’s a possibility that high salaries offered has become a pull factor in enticing Malaysians to work overseas.

“The Labour Department is always carrying out enforcement activities under the Private Employment Agencies Act (1981) to monitor the activities of illegitimate agencies and agents,” it said in response to questions by The Star.

The Labour Department, which is under the Human Resources Minis­try, was responding to queries about the increasing media reports highlighting Malaysians being conned in overseas jobs.

While the Labour Department said it did not have any records on the numbers of overseas job scam cases affecting Malaysians, it encou­rages those with information on such cases to come forward.

“We have not received reports on job scams. However, victims can file a report with the Labour Department, including in Sabah and Sarawak for any job scams issues so that we can act accordingly,” it said.

MCA Public Services and Com­plaints Department head Datuk Seri Michael Chong said many of the job scam victims he encountered were enticed to work in Afri­can or Middle Eastern countries.

“Many of these countries are war-torn and so these ‘employment agents’ would tell the victims there is a lot of construction work to rebuild the country.

“These victims are mostly semi-skilled or unskilled workers who are attracted to the salaries which are supposedly from RM6,000 to RM10,000 a month,” he said.

However, he said, these victims were then cheated out of their salaries and left with little to no protection in a foreign country.

To stop these scams from occurring, he urged those interested to find work to carry out background checks on the company.

“You must make sure that there is an incorporated company so if anything happened to you, there is a company we could look for,” he said.

He also advised people to be wary if the salary offered is too good to be true, or if the job interview doesn’t take place in the company’s office.

“There are some ‘interviews’ which are even being conducted in coffeeshops,” said Chong.

He said he noticed more of such cases in recent years, especially as many Malaysians want to go overseas to eke out a livelihood.

Last December, 47 Malaysians were detained in Cambodia for being involved in illegal online gambling activities.

It was reported that they were offered jobs with lucrative salaries but had only found out that it was a scam when they arrived in Cam­bo­dia.

In February, eight Sarawakians were stranded in Liberia after allegedly being cheated by an employment syndicate.

The Malaysian Em­­ployers Fede­ration called for a dedicated government agency to help protect the welfare of Malaysians who go overseas to work.

Its executive director Datuk Sham­suddin Bardan said this was to prevent them from being exploited and falling prey to illegal job syndicates.

“We have more than one million Malaysians working overseas but we have no proper body to monitor their affairs,” he said yesterday.

He noted that the Filippine government would ensure that their citizens who are sent overseas to work are properly trained and that they are employed by a legitimate company.

“The Filipino government would ensure that there is a proper document signed between the employer and agent, and if anything happens to the worker, the agent will be held responsible.

“We should emulate the Philip­pines to help our workers who aspire to work overseas,” he said.

However, he said the grim reality was that many Malaysian workers were enticed to work overseas because of the attractive pay, even if the details surrounding the employment were unclear.

“Employees are attracted to the higher wages offered in those countries, where the income promised triple or even quadruple what they are earning in Malaysia – and most of these jobs do not require high level of skills such as picking fruit.

“A difficult economic situation in Malaysia with the rising costs of living also contribute to the problem.

“We must re-look at our employment practices, how we remunerate our employees and develop our talent,” he said.

Malaysian Trades Union Congress secretary-general J. Solomon agreed that better policies and enforcement were needed to monitor the outflow of Malaysian workers to other countries.

“The authorities and their relevant agencies need to know where Malaysian workers are going when they travel overseas,” he said.

He said tighter enforcement was especially needed as more false job advertisements were disseminated easily on various social media platforms.

“It is high time the Cabinet review and encourage companies to comply with minimum wage level,” he said.

The low wages in Malaysia and the stigma of 3D (dirty, dangerous and difficult) jobs cause Malaysians to desperately seek employment outside the country, he added.

“These factors are causing Malay­sians to go elsewhere to find alternative sources of income,” he said.

By Fatimah zainal and Clarissa Chung The Star

 

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Huawei gaining support despite US ban


Charm offensive: To restore its international
reputation, Huawei’s top guns including the normally reclusive Ren began
to grant interviews to foreign media to address concerns and talk about
the group’s technology edge. — Huawei/AFP

CHINA’s Huawei, the world’s largest maker of telecom equipment and second largest manufacturer of smartphones, appears to have cleared some key hurdles with the might of its superfast 5G wireless technology amid relentless attacks by the United States.

The Trump administration has claimed that Huawei poses a potential national security threat. It is lobbying its allies to ban Huawei’s equipment, which Washington alleges could be used by the Chinese government for spying.

The US prosecutors have alleged that Huawei stole trade secrets and worked to skirt US sanctions on Iran. On Dec 1, with the help of Canada, it arrested Meng Wanzhou, chief financial officer of Huawei and daughter of the company founder. She faces extradition to the US to be charged for various offences.

Washington has repeatedly cited a Chinese law passed in 2017 allowing state intelligence agency to compel individual organisations to “provide necessary support, assistance and cooperation” as proof Huawei can’t be trusted.

US Secretary of State Mike Pompeo has warned allies against using Huawei technology, saying it would make it difficult for Washington to “partner alongside them”.

There is also constant reminder that Huawei’s 74-year-old founder Ren Zhengfei was a former engineer in China’s army and joined the Communist Party in 1978, before setting up Huawei in 1987.

In the past one year, the international environment looked hostile and global picture looked grim for Huawei, when New Zealand, Australia and Japan followed the US to block Huawei in 5G involvement in their countries, while European nations led by Britain and Germany placed Huawei under scrutiny.

It looked like this global leader in the fifth generation wireless techno­logy, which has operations in 170 countries, was to lose many potential customers in this non-stop anti-Huawei campaign.

The Chinese tech giant has vehemently denied all accusations by the US, saying these allegations are baseless and not proven. The Chinese government has also denied these claims.

Still popular: Attendees excited by the new Huawei Mate X foldable 5G smartphone revealed at the recent Mobile World Congress in Barcelona. — AP

Still popular: Attendees excited by the new Huawei Mate X foldable 5G smartphone revealed at the recent Mobile World Congress in Barcelona. — AP

Public relations offensive

When taking a soft approach in response to US assault did not help to restore its international reputation, Huawei decided to go on an aggressive PR offensive recently.

Huawei’s top guns began to grant interviews to foreign media to address concerns and talk about the group’s technology edge.

In a recent interview with BBC, the founder of Huawei declared in Mandarin: “There’s no way the US can crush us. The world cannot leave us because we are more advanced. Even if they persuade more countries not to use us temporarily, we can always scale things down a bit.”

Indeed, Huawei has already built up such a strong lead in 5G techno­logy that it is practically irreplaceable, say analysts.

Huawei claims that its 5G techno­logy is at least one year ahead of its rivals, and many in the tech world agree.

The most successful private company in China is an important part of Beijing’s efforts to advance superfast 5G wireless networks.

Although under Chinese law, firms had to “co-operate with and collaborate in national intelligence work”, the serious-looking Ren told BBC that allowing spying was a risk he wouldn’t take.

“The Chinese government has already clearly said that it won’t install any backdoors. And we won’t install backdoors either. We’re not going to risk the disgust of our country and of our customers all over the world … Our company will never undertake any spying activities. If we have any such actions, then I’ll shut the company down.”

He described the arrest of his daughter Meng Wanzhou as “politically motivated” amid the year-long US-China trade war.

The US is pressing criminal charges against Huawei and Meng, including money laundering, bank fraud and stealing trade secrets. Huawei has denied any wrongdoing.

Huawei has also used the four-day 2019 Mobile World Congress in Barcelona held last week as a platform to further its media blitz.

Huawei’s chairman Guo Ping expressed hope “independent sovereign states will make independent decisions based on their own understanding of the situation and will not just listen to someone else’s order.”

He added that Huawei must abide by Chinese law and laws of countries where it operates.

“Huawei will never, and dare not, and cannot violate any regulations,” he pledged.

Faced with so much scrutiny, it is no wonder that Huawei’s issue overshadowed the launch of new products and other tech giants at the global trade fair.

To the delight of Huawei, GSMA – a global lobby representing more than 750 network operators and the Mobile World Congress organiser – has appealed to European policymakers not to ban Huawei in Europe’s 5G networks.

It urged countries to take “a fact-based and risk-based approach” in a statement that the US wireless industry did not endorse.

No evidence of spying

Amid Huawei’s PR offensive, which includes aggressive advertising and sponsorship of events, some good news started trickling in for the Shenzhen-based company that hires 180,000 people worldwide.

On Feb 12, it was reported that cyber-security chiefs in the National Cyber Security Centre of Britain had concluded that “any risk posed by involving Huawei in UK telecoms projects can be managed”.

This report is seen as casting doubt on US claim of the security threat from Huawei.

On Feb 19, independent tech news portal The Register reported that Europeans could not find any evidence of Chinese spying.

“No concrete evidence has so far emerged that Huawei equipment contains a backdoor or any other means for China to snoop on,” said the portal’s writer Kieren McCarthy, based in Los Angeles.

And according to media reports, Germany’s Cabinet has rejected American efforts to impose a global ban on Huawei, after its own security services reported that it has failed to find any evidence of spying.

Both the UK and Germany are huge markets for Huawei. UK’s mobile firms – Vodafone, EE and Three – have been working with Huawei on developing their 5G networks.

Huawei is said to command about 40% share in Europe’s telecom network and equipment market. Hence, banning Huawei could be disruptive in this continent.

As a clear leader in 5G technology, ditching Huawei could also mean falling behind on crucial innovation for Europe.

Indeed, Deutsche Telecom is predicting a two-year delay if Huawei is banned from 5G involvement in Germany.

In India, media reports have suggested that Delhi might ignore US pressure after establishing closer ties with China.

Huawei was allowed to participate in 5G trials in India last December.

Ignoring the anti-Huawei campaign, Maxis announced last week it was collaborating with Huawei to accelerate 5G in Malaysia.

Maxis, in a statement, said it had signed a memorandum of understanding (MoU) with Huawei at the 2019 Mobile World Congress in Barcelona.

It highlighted that Huawei has signed over 30 commercial contracts and shipped more than 40,000 5G base stations across Europe, Asia and the Middle East.

The MoU states that both parties will work to speed up the rollout of 5G technology in the country, working on full-fledged trials with end-to-end systems and services.

“Maxis has long started its 5G journey, and we are already focusing on live trials, investments and evolving our network infrastructure to be ready for a future where smart solutions will be part of everyday life,” said Maxis CEO-designate Gokhan Ogut.

Perhaps, the last thing Huawei expected was a tweet by US President Donald Trump on Feb 21 amid the US-China trade talks: “I want 5G, and even 6G, technology in the US as soon as possible. It is far more powerful, faster and smarter than the current standard. American companies must step up their efforts, or get left behind.

“I want the US to win through competition, not by blocking out currently more advanced technologies. We must always be the leader in everything we do, especially when it comes to the very exciting world of technology!”

Does this mean Huawei would be allowed enter the US market? But can Trump’s tweet be taken seriously by Huawei and Beijing?


China’s dream can’t be crushed

In fact, the onslaught against Huawei is creating big problems for mobile operators as they start building the next generation of wireless networks this year.

This will not only hurt Huawei but also its suppliers in the US and other players in the world, if the US has its way.

As expected, the anti-Huawei campaign has fanned up patriotism among Chinese consumers and the first casualty is Apple.

Demand for Huawei’s devices surged amid local campaigns to ditch US phones. Huawei sold 30 million phones in China in the last three months of 2018, nearly three times as many as Apple, whose sales plunged 20%.

The US-Huawei showdown is also hurting trade and diplomatic relations between China and the close allies of US.

Exports of Canada, Australia and New Zealand to China are seeing negative impact from retaliations from Beijing and tourism linked to Chinese has also taken a hit.

But Huawei’s success in 5G technology is more than geopolitics and competitive price. It represents the rapid rise of China as a tech power, which the US could not stomach.

There is fear by the US that China will control the technologies of the future. Already, China is advanced in AI (artificial intelligence) and has just become the world’s largest solar power producer.

China is the world’s second largest economy. Many analysts believe it will overtake the US to become the biggest economy by 2030, with the momentum created by its 2025 Made-in-China vision and other economic plans.

Huawei last year overtook Apple as the second biggest supplier of smartphones. The company is expected to overtake Samsung by 2020.

In Barcelona, Huawei announced that it expected to ship between 250 million and 260 million smartphones in 2019, up 20%-30% from 2018.

Judging from recent developments, the anti-Huawei campaign may put a brake to the rapid growth of this tech company, but it certainty will not crush Huawei and China’s ambition to lead in technology globally.

By Ho Wah Foon The Star

Related:

How can the US monitor the world if we all use Huawei?

Why does the US government always crack down on Huawei? To achieve this, it even uses some disgraceful measures, including slandering the company by exerting its national power. The US moves have sparked questions as to why the US fears the Chinese company so much. Why does the company annoy the US?

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