American Ban on ZTE offers much food for thought & pain together with ZTE


This photo taken on April 19, 2018 shows the ZTE logo on a building in Nanjing in China’s eastern Jiangsu province.AFP/Getty Images
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Ban on ZTE offers much food for thought

The US ban on sales of chips and components to China’s telecommunications company ZTE shocked Chinese society. Some Chinese people are furious at US behavior, others think ZTE deserves it, while some advocate Beijing take it as a warning and boost the country’s domestic semiconductor industry. Some are more pessimistic and feel China cannot beat the US in a trade war.

The ZTE case can be argued as a show of high-tech hegemony by the US. It is absurd for Washington to pull this maneuver at the eleventh hour simply because ZTE failed to cut bonuses for its 35 employees as promised. The logic works for US society and the West is watching the case for fun. But certain Chinese people are also taking pleasure in it.  This is the reality.

It must be admitted that the US is powerful and it has started to punch China hard. The rise of China has reached a juncture where Beijing has prompted Washington to ponder its status as the world’s No.1 and provided a somewhat disjointed West with a reason to strengthen its solidarity. The impulse to contain China’s rise is emerging among Western elites. Radical and even risky policies toward China are gaining increasing support.

China needs a strong will, an open mind and the capacity to fight back. Through political solidarity and a robust economy, Beijing should be tough enough to withstand the slings and arrows. China needs to incubate and shape strategic technology research and development.

The reason why chip technology has experienced such limited progress despite years of advocacy is that the Chinese system has not yet formed a key driving force for it.

Beijing must develop its “nuclear weapons” in the field of economics to make the outside world fear strategic confrontation with China.

China should also make friends worldwide, including Western nations, so as to unite all the forces that can be united. It must not overly focus on gains and losses in friction with others. Beijing must protect its interests, but in the meantime it cannot isolate itself doing so.

China needs to accept diverse opinions on the internet, governing them but also adapting to them so as to prevent online opinions from impacting on society’s overall judgment and confidence.

It is hoped that China will develop a greater core competitiveness which other countries cannot match. This is an expectation of all Chinese people.

American business to pain together in ZTE case

The US government sales ban of American components to the ZTE Corporation will surely inflict significant damage to the company. However, the pattern of globalization shows that not only will the US not secure a victory, it will also suffer a harsh blowback. The US stock market came to a similar conclusion, and media from around the world calculated that the US’ future losses will be significant.

Qualcomm is a major mobile chip supplier for ZTE mobile phones. According to Reuters, Qualcomm will be harmed during this strike because ZTE is an important client, and its competitors could benefit from ZTE choosing alternative manufacturers. Furthermore, Qualcomm might suffer more setbacks when China retaliates on the US for this ban.

According to studies by various media organizations, the full implementation of the seven-year sales ban on ZTE will amount to combined loss of $6.8 billion for Qualcomm, Acacia Communications, and Oclaro Inc. It will also affect more than 32,000 employees. Due to this estimation, Acacia Communications stocks dropped 35.95 percent this week. Additionally, Intel and Microsoft will be hit by shockwaves in the tech industry.

Over the years, China has grown to become the largest sales market for US electronic chips, providing US companies with substantial funds for research and development. Losing the Chinese market might cause these US companies to decline in quality, which could result in a bleak financial future.US semiconductor companies are facing real threats as they will likely be taken over by their opponents.

The US will also be hurt from increasing suspicions to its business environment. The US government ended ZTE’s business dealings with American companies by force, due to “35 employees’ bonuses issues” for the company with 80,000 employees. Is the American business environment still trustworthy? Does this not imply that the US government can bully whoever it wishes? Cooperation with American companies is already difficult and being reviewed by the US government for political correctness will not make matters easier.

Some Westerners criticize the risks of doing business with Chinese companies, but not one multinational company has experienced the same mistreatment ZTE has been subjected to. The proper name for ZTE’s case could be called “35 people bonus crisis” and if this is what starts the cooperation breakdown between the US and China, or globalization in general, it will be one of the most bizarre jokes in history.

China will hit back in the best way it knows and inflict losses for American companies in China. Washington should not have any delusions of tolerance from China after causing such damage to its businesses.

With China and the US trading blows in this situation, the US economy and trade relations will delve into chaos. Investments of American companies in China far exceed Chinese companies in the US, meaning that the US has more to lose since these investments will not be spared during this fight.

Most importantly, Chinese society will lose faith in cooperation with American high-tech companies. The “35 people bonus crisis” will also serve as a push for China determination to develop its semiconductor industry to replace America’s components.

China will endure a sting in the high-tech sector confrontation, but the US will suffer lasting pain. China has been slow to develop its semiconductor technology because it is cheaper to purchase American products in the past. Developing chips and operating systems will require massive market support and China’s yearly import of $200 billion can definitely cover the funding for this research.

The consequences of punishing ZTE is now out of Washington’s control. The intertwined economies of China and the US are like “conjoined twins” and separation will cause major pain for both sides. Washington’s thinking that this is a unilateral punishment is naïve, and this short-sighted judgement will be paid at the expense of American companies and enterprises. – – Global Times
Related  

Why China cannot concede in trade war

Washington has unrealistic fantasies about “balancing
China-US trade.” It tries to solve US economic issues with sticks and
threats rather than painstaking reforms. Simply put, it attempts to make
a hard sell. The world is required to buy whatever the US produces at
its convenience, and developing countries like China cannot make
technological progress in the process.

China to open wider: How will US react?

If Washington thinks China’s upgrade of its opening-up
was triggered by US menaces, it is making a historic mistake in its
relationship with Beijing. Whether the Sino-US trade war is aggravated
depends on Washington. It is hoped US actions accord with Trump’s
pleasant tweets rather than more old carrot-and-stick

Opening-up China’s future growth path

The community with shared future for mankind is a goal of
China to lead the world forward into the future. The Belt and Road
initiative is one of the paths toward it. The world has never seen a
major power emerging with a peaceful and cooperative manner. Some people
say that China is only pretending to rise peacefully. After Beijing’s
new measures were announced at Tuesday’s forum, the world should have
gained a better understanding of China.

Trump’s car tariff tweet distorts truth

With the development of China’s economic growth and
strength of science and technology, further opening-up and lowering of
tariffs will be the future trend. But how China will do this will be
decided based on WTO rules and China’s own interests. This is China’s
sovereignty. Beijing will never listen to the command of Washington.

 

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Jack Ma’s Alibaba to take on Kuala Lumpur’s traffic Artificial Intellligence project


Alibaba Cloud, which set up a datacentre in Malaysia last year, is considering a second one to further develop a local ecosystem, its president Simon Hu said. — Reuters

 

Jack Ma’s Life Advice Will Change Your Life (MUST WATCH) 

 

KUALA LUMPUR: Alibaba Group will set up a traffic control system harnessing artificial intelligence for Malaysia’s capital Kuala Lumpur, its first such service outside China, as the e-commerce giant pushes to grow its cloud computing business.

Alibaba Cloud, the cloud computing arm of Alibaba Group, said on Monday it plans to make live traffic predictions and recommendations to increase traffic efficiency in Kuala Lumpur by crunching data gathered from video footage, traffic bureaus, public transportation systems and mapping apps.

It is partnering with state agency Malaysia Digital Economy Corporation (MDEC) and the Kuala Lumpur city council to roll out the technology, which would be localised and integrated with 500 inner city cameras by May.

The partnership comes after Alibaba founder Jack Ma and Malaysian Prime Minister Najib Razak launched an “e-hub” facility last year, part of an initiative aimed at removing trade barriers for smaller firms and emerging nations.

Alibaba Cloud, which set up a data centre in Malaysia last year, is considering a second one to further develop a local ecosystem, its president Simon Hu said on Jan 29.

He declined to elaborate on the company’s total investments made and planned for in Malaysia, but said it was “no small amount” and that the investments would continue if there was demand for cloud computing technologies.

MDEC’s chief executive officer Yasmin Mahmood said there was no estimate of City Brain’s impact on traffic in Kuala Lumpur yet. The traffic management system in the Chinese city of Hangzhou had resulted in reports of traffic violations with up to 92% accuracy, emergency vehicles reaching their destinations in half the time and overall increase in traffic speed by 15%.

Najib has forged close ties with China in recent years. Last year, the Malaysian leader announced a slew of infrastructure projects, many funded by China, as he worked up momentum towards a general election he must call by the middle of this year. — Reuters

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Dengue app bad for aedes, can get updates, report dengue concerns


The ‘Predict and Beat Dengue’ app is now available on Google Play Store and Apple App Store.

Predict and Beat Dengue – Android Apps on Google Play

App for updates on dengue

PENANGITES can now download a mobile application (app) which allows its users to be part of an effort to combat dengue in the state.

Known as the ‘Predict and Beat Dengue’ app, it will alert users when they enter a dengue hotspot.

The users can also report dengue-related concerns in their areas and get the latest updates on dengue cases as among its other features.

State Health Committee chairman Dr Afif Bahardin said the app is now available on Google Play Store and Apple App Store.

He said the app could help to predict a possible dengue outbreak in an area within the next 30 days.

“From there, we can carry out prevention by removing all possible Aedes breeding grounds.

“It quickens the process of detection and identifies places that require dengue preventative measures such as fogging, larvae-ciding and gotong-royong,” he said during a briefing session at Komtar yesterday.

Dr Afif said the state spent RM200,000 on a pilot study for the project which was carried out between May 1 and July 1 by the app creator, a US-based company known as Aime Inc.

“I’m proud that Penang is taking this proactive approach. We are working hand-in-hand with the Health Ministry and they are very supportive of this idea.

“We hope that it can also be carried out nationwide,” he said.

Aime president Rainier Mallol explained the workings of the app and its many features during the presentation.

Also present were Pulau Tikus assemblyman Yap Soo Huey, Batu Uban assemblyman Dr T. Jayabalan and Sungai Pinang assemblyman Lim Siew Khim.

Source: The Star/ANN

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The ugly side of the digital economy


ALMOST everybody is addicted to the digital world of connectivity. Only a handful can dare say that they are not dependent on the Internet or the connectivity that comes with the digital age.

To those not convinced that they are addicted to technology and the Internet, they should try asking themselves a few questions.

When was the last time they accessed the computer to search for something through Google? When was the last time they accessed Facebook or Whatsapp to stay connected? How long have they gone without getting “an anxiety attack” without having their handphones with them?

If an uneasy feeling creeps into them without having their computers or mobile phones with them, then the chances of them being reliant on the digital world is high. If they are lost at work without “Mr Google” and feel handicapped, then they are hooked on the digital world.

From the hundreds of people I know, only two do not carry a mobile phone with them. One is a seasoned lawyer while the other is a retired factory manager. They are exceptions to the norm.

The digital age is here to stay and grow. The advantages of digital connectivity in terms of accessing instant information and staying in touch with others seamlessly are just too great to be without.

These days, even people in their late 50s and 60s are active users of Facebook, which they see as critical touch points of their lives with others. The instant response to their postings is a gratification of sorts.

These are new touch points that they would normally not be able to enjoy without digital connectivity. However, there is a downside to this digital addiction in both the social and economic sense.

There is a book going into the details of how more people are depressed without digital connectivity, how people have gone berserk without having access to Internet connectivity. This is one of the many social downsides of the digital age.

However, more shocking is the unconventional work ethics, sexual harassment and culture of idolising individuals that have become rampant with the rise of the digital economy.

Last week, the former chief executive of the Malaysian Global Innovation and Creativity Centre (MaGIC), Cheryl Yeoh, revealed that she was a victim of sexual assault by a venture capitalist, Dave McClure, three years ago.

The revelation only came after The New York Times reported that McClure had stepped down from 500 Startups following allegations of sexual harassment against him.

500 Startups is a Silicon Valley-based early-stage venture fund and seed accelerator. Generally, the principals of venture funds tend to exert their influence over those seeking their money.

It is rampant in the world of the new economy where funding from banks is not easily available. Banks would want to see profits and a strong balance sheet before they lend money to start-ups. Start-ups in the digital economy rarely have both financial elements.

Yeoh said that she did not come public with the incident earlier fearing that many would not believe her. She also did not want to jeopardise the business venture between MaGIC and 500 Startups.

McClure is not the only venture capitalist who has faced the brunt of unethical work practices. Travis Kalanick, the founder and prime force behind ride-hailing app company Uber, has also been forced out by shareholders after a series of scandals in the company.

Among those who complained against the work culture of Uber was software engineer Susan Fowler Rigetti, who in her blog posting stated that the company’s work environment was hostile towards women, leading to many of them leaving.

The hostility went beyond sexual harassment. It was even to the point of the women not getting leather jackets as their numbers were small compared to the men who had received theirs from the company.

Because the number of women working in Uber was small, the company, which is touted as the most valuable unlisted new economy entity, could not get the discounts required and hence did not order the leather jackets.

In a company engaged in the old economy of brick-and-mortar businesses, such reasoning would not have been tolerated. But it has happened in Uber, where Kalanick held a position so strong that the way he managed the company was not questioned.

Hero-worshipping the founders is quite common in new-economy companies. Whatever the founders decide is not questioned. It has come to the point where even when deals are concluded at lofty valuations, hardly any murmurs are raised.

No questions asked: Jeff Bezos of Amazon purchased a grocery chain, Whole Foods Market, for US14bil two weeks ago and nobody batted an eyelid or raised any questions. – AFP

Jeff Bezos of Amazon purchased a grocery chain, Whole Foods Market, for US$14bil two weeks ago.

Nobody batted an eyelid or raised any questions as to why a new-economy heavyweight was buying into a matured company in an industry that was facing huge challenges because of Amazon.

Amazon, with its online shopping platform for anything from books to groceries and even movies, has disrupted the retail industry. The likes of Wal-Mart and Tesco are reeling from the growing dominance of Amazon.

So, why is Amazon buying into a grocery chain operating in the industry that it is destroying?

Nobody knows the answer. They only rely on the faith that Bezos can do no wrong. Blind faith is the biggest downside to the digital economy.

Digital economy companies tend not to give dividends and spend a lot on research and development under the excuse that the business is still growing and needs all the financial resources.

Investors believing that mantra follow blindly. They are encouraged by the rising share prices even though there are little fundamentals.

One day, such blind faith will lose its lustre and the price will fall. Only then will investors realise that the old-fashioned way of valuing companies is still way better.

The alternative view by M.Shanmugam

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China’s Baidu taps Partners for Driverless Car Project


Growth strategy: A fleet of vehicles equipped with Baidu’s autonomous driving technologies conduct road testing in Wuzhen, Zhejiang Province. Widely considered the Google of China, Baidu is hoping research into artificial intelligence will create a new generation of products to help revive revenue growth.

https://www.bloomberg.com/api/embed/iframe?id=bf6ae8a1-432c-4499-a8aa-47932c408ae0

  • Partners include Bosch, Continental, Chinese automakers
    Company also showed off a voice-activated speaker device
  • Partners include Bosch, Continental, Chinese automakers
    Company also showed off a voice-activated speaker device

Baidu Inc has enlisted more than 50 partners for its Apollo driverless project, signing up major players in areas from mapping and ride-sharing to automaking to aid the Chinese search giant’s foray into AI-powered vehicles.

The program aims to open up part of Baidu’s autonomous car software in the same way that Google released its Android operating system for smartphones. By encouraging more companies to build products using them, Baidu hopes to fine-tune its nascent systems and overtake rival research efforts by the likes of Google parent Alphabet Inc.’s Waymo.

Baidu listed four Chinese carmakers, suppliers Robert Bosch GmbH and Continental AG and technology companies including Microsoft Corp. as part of the Apollo alliance. Southeast Asian ride-hailing giant Grab and mapping systems company TomTom NV are also joining the program, which aims to get fully autonomous vehicles on city streets as early as in 2018.

Widely considered the Google of China, Baidu is hoping research into artificial intelligence will create a new generation of products to help revive revenue growth. It has a stated goal of releasing a driverless car by 2018 with mass production to begin by 2021, but some analysts believe its technology still lags that of competitors like Waymo. At a Baidu conference Wednesday, developers showed off the Chinese search provider’s personal assistant, DuerOS.

Baidu’s shares traded in New York rose 2.7 percent to $184.76 at 10:14 a.m. The stock has risen 12 percent so far this year.

The raft of Apollo agreements unveiled Wednesday at Baidu Create cover virtually every automotive field. Dutch company TomTom said in a statement it will help Baidu with high-definition mapping in the U.S. and Western Europe. Several of Apollo’s members already have separate cooperation agreements in place with Waymo and other driverless car providers.

“As we and our partners contribute to the platform in our areas of specialty, we all gain more, with the results far greater than just our own,” Baidu group president Qi Lu said in a statement.

— Bloomberg News With assistance by David Ramli

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5 Technologies to change property and real estate


Technologies-that-will-change-property

In its latest Global Cities 2015 report, real estate firm Knight Frank has highlighted five technologies that will likely change the property sector.

It is remarkable to think that just five years ago no one owned an iPad (launched in April 2010), illustrating how quickly new technology becomes taken for granted today.

This is an example of a technological advance that has accelerated changes in how we work, shop and spend leisure time, with implications for commercial real estate. Some, who previously shopped regularly for books, CDs, DVDs, and video games, now access all these products through their tablet computer.

This has contributed to a reshaping of retail property, and sparked a wave of office-based start-ups that produce apps. Similarly, the popularity of e-shopping has buoyed demand for warehouses. New technology undoubtedly impacts the property market, raising the question, where will change come from next.

Office robots

Development has begun on telepresence robots, whereby a remote worker can log into a droid, traverse the office, see what is occurring, and speak to colleagues. Cleaning robots at home have already taken off. An office service robot that cleans, reloads printers, and performs basic security duties, could be a future extension of this technology. Future office buildings may need storage, recharge and service areas for these droids.

The internet of things

This is where everyday appliances are connected to the internet, so they can be controlled remotely or intelligently monitor how we use the device. For instance, a fridge could monitor its contents, and send the homeowner a suggested shopping list to his mobile phone with a ‘buy’ button. This would add momentum to the rise of e-retail, increasing demand for logistics property. Internet-linked machinery could also result in smart office buildings that partially manage themselves.

Drones

When Amazon rolled out plans to deliver small goods by drone helicopters there was initially a sceptical reaction. However, other firms quickly announced they too were testing drone delivery. In the future, logistics properties may come to resemble mini-airports, as drones come and go. EasyJet, the airline, has plans for its maintenance crews to use drones for aircraft inspection. Similarly, the property industry could use drones to inspect buildings.

Driverless car

A computer driven car, using wi-fi to communicate with other vehicles and receive traffic reports, should improve traffic flow and speed up commuting. The result will be a better quality of life in office districts, as efficient traffic movement allows more streets to be pedestrianized, improving public areas and passing trade for retailers. The city will become a more pleasurable experience encouraging people to work, live and shop there.

3-D Printing

3-D printers are being used more often for producing components, but those parts then need to be assembled into a working product, which will require quality control testing. This requires a factory. However, in R&D and specialist manufacturing, 3-D printing is having an impact, bringing down costs on short production runs. Consequently, we could see a wave of ‘start-up’ manufacturers offering bespoke or specialist goods, generating more demand for light industrial units.

For more information: http://www.knightfrank.com/global-cities-index-2015/specials/real-estate-technology/#sthash.l9ozavde.dpuf

By Andrew Batt, International Group Editor of PropertyGuru Group.

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FIFA World Cup gambling on the go, technologies got smarter


Fifa-world-cup-2014


KUALA LUMPUR: Illegal betting for this year’s World Cup is set to hit a record high – thanks to smart technology which will allow punters to place bets from anywhere and at anytime.

Federal Secret Societies, Gambling and Vice Division (D7) principal assistant director Senior Asst Comm Roslee Chik said the total bets for the last World Cup in South Africa four years ago amounted to more than RM438mil nationwide.

“We expect this year’s tournament to surpass that amount as syndicates and gamblers are using smartphones rather than laptops.

“In the 2010 World Cup, we only had to deal with syndicates and gamblers using laptops but now smartphones have become the tool of the bookies,” he said.

Some of the gambling apps that are easily available are M88 Sports, IBCBET and SBOBET.

“We have started preparations in the last three weeks and we are ready to come down hard on anyone involved in illegal football betting,” SAC Roslee told a press conference in Bukit Aman yesterday.

Betting on football matches is illegal in Malaysia and even those who place bets on betting websites that are legal in other countries will face action.

Johor police have also set up a taskforce in every district to check on gambling activities and will focus on premises such as cybercafés and restaurants that offer live matches.

Johor police chief Senior Deputy Comm Datuk Mohd Mokhtar Mohd Shariff had these words of advice for those likely to get into bigger trouble by borrowing from loan sharks: “Just enjoy the games. There is no need to bet.”

Sabah police have set up eight teams for the Ops Soga 5 to combat football betting activities.

State CID chief Senior Asst Comm Omar Mammah said the police did not want to reveal details of their operations so they could catch the bookies and the gamblers by surprise.

According to SAC Roslee, although police arrested 143 people in 2010, including bookies and those who placed bets, most of them could not be prosecuted due to lack of evidence.

The youngest among those arrested was 15 and the oldest was 73. There were also 22 women and nine Indonesians.

He added that a total of 270 premises were raided nationwide during the month-long tournament and RM110,124 seized.

“We have learned some lessons and have improved our strategies.

“We will use the Anti-Money Laundering and Anti-Terrorism Act 2001 (Amlata) and enforcement will be more stringent,” he said.

SAC Roslee said bets for the World Cup would increase as the tournament progressed, with the stake getting higher for the quarter-final, semi-final and the final.

It is learnt that a minimum bet could from between RM200 and RM300 and they could go up to hundreds of thousands of ringgit.

SAC Roslee vowed the police would use the Prevention of Crime Act to catch syndicate members as a last resort.

“We will also work closely with the Malaysian Communication and Multimedia Commission to identify illegal gaming facilities and websites,” he said.

SAC Roslee added they were also looking into amending existing gambling laws, to enable the authorities to have more bite against illegal gambling syndicates as syndicates are using the Internet with servers based overseas.

“It is hard to get cooperation from the authorities in countries where gambling is legal,” he said.

– Contributed by Farik zolkepli, Yuen Meikeng, Randeep Singh, Aida Ahmad, Stephanie Lee, & Farhaan Shah

Related article Avoiding the gambling disease

Football Every Day Webcast to keep up with the samba beat

PETALING JAYA: The greatest show on earth has kicked off and the Football Every Day Webcast will be keeping up with the samba beat on a daily basis throughout the tournament’s duration.

With seasoned faces as well as fresh ones, join football crazy fans Zack Yusof, Daryl Goh, Ian Yee, Brian Martin and Nelsen Ng as they get together to run the rule over each day’s matches.

This time around, viewers and footie fans alike stand a chance to walk away with a pair of the latest Adidas Battle Pack Footwear worth up to RM800 and dining vouchers from SOULed Out.

To win, simply send us your most wacky and creative photo or video selfies of you and your friends enjoying the World Cup.

Entries can be submitted by email to football@thestar.com.my or via Twitter at @switchup.tv. Make sure to include your full name, IC and contact numbers.

The Star’s Football Every Day webcast can be viewed at www.Switchup.tv.

Smartphones causing a spike in betting among youth

PETALING JAYA: Internet gambling has become more rampant among young people, especially since it has become so easy to bet using smartphones.

Those aged between 17 and 30 now make up 75% of online gamblers. The other 25% consists largely of those aged between 31 and 42.

Data from Gamblers Rehab Centre (GRC) Malaysia received between 2007 and last year show that the number of online gamblers who received counselling have increased from just 16 cases in 2007 to 112 last year.

“We received an average of 120 gamblers seeking help from us every year.

“Due to the popularity of smartphones, internet gambling has become more common,” said the GRC in a statement.

“There is no age minimum and it is open to everyone. The only qualification is the amount of money one has in the account,” it said.

The GRC said online gambling on credit was operated by illegal syndicates that set up their own websites and appointed agents to get clients to open trading accounts.

“They will give their clients credits to bet. This type of gambling is very popular, especially among school students,” it said.

Any losses or wins would be transacted via the account on a fixed day of the week.

“Since it does not require any cash deposit, it causes many to lose control and fall into the whirlpool of gambling.

“In order to win back lost money or to repay their debts, clients tend to borrow money from loan sharks, who in fact, are partners in the whole operation,” the GRC said.

However, there are a few types of online gambling games which do not involve money and are found on Facebook, said GRC, adding that such games might encourage some to move on to “real” online gambling.

The GRC has conducted awareness seminars in schools and other places to prevent people from picking up the habit.

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