Friday, September 22, 2017

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN




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2point6billion.com discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.



Science & Technology

Chinese Hackers Reportedly Breach Indian Naval Computers

Jul. 3 – Hackers have broken into Indian naval computers in Visakhapatnam, where India’s Eastern Naval Command is headquartered, and have relayed confidential data to IP addresses based in China. The Eastern Naval Command is in charge of Indian operations and deployments in the South China Sea, a region in which China currently has numerous territorial disputes. The Command’s Visakhapatnam location is also the current base for India’s first nuclear missile submarine, which was undergoing trials at the time of the cyber-attack. Continue reading

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India Passes China as Second-Largest LinkedIn Market

Apr. 25 – With roughly 14 million users now registered in the country, India has surpassed China as the second largest market for the business-focused social media networking site LinkedIn.

LinkedIn has seen its Indian user base grow by more than 300 percent over the three years it has had a marketing presence in the country to where it now only trails the United States, according to LinkedIn Chief Executive Jeff Weiner. Continue reading

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China, India Link Up Over ‘Mifi’ Devices

Apr. 16 – Bharti Airtel, India’s largest mobile phone company, is in advanced talks with Chinese OEMs to bring “mifi” devices to India. The devices will assist Indian mobile users in accessing the 4G network from their 3G smartphones on the move.

“We’ve tested some Chinese mifi devices at the last Mobile World Congress show in Barcelona and are talking to several OEMs to work out a bulk procurement deal. These portable devices can facilitate mobile access from either a 3G phone or a tablet while on the move,” Mittal said. Continue reading

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PayPal Here to Expand into China and India

Mar. 19 – Ebay subsidiary PayPal launched its new mobile device for retail payments, PayPal Here, at an event in San Francisco last week. The new service includes a triangular “dongle” card reader, which plugs into a smartphone’s audio jack, and an app that controls the transaction.

PayPal Here targets small to medium sized businesses and is currently available to several thousand vendors in the United States, Hong Kong, Canada and Australia, with plans to introduce the service to other countries in the coming weeks and months. Continue reading

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Norway May Halt China’s Arctic Council Ambitions

Jan. 27 – Norway could block China’s attempts to gain permanent observer status on the increasingly relevant Arctic Council due to a souring of relations between the countries over the last few years, according to a report on Wednesday in Aftenposten – Norway’s largest newspaper.

“As long as the Chinese authorities refuse to speak to their Norwegian counterparts, it will be difficult for Norway to say yes to a (Chinese) candidacy to become a permanent observer on the Arctic Council,” an unidentified “highly-placed diplomatic source” told the paper. Continue reading

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ConocoPhillips, CNOOC Agree to Pay US$160 Million for Bohai Bay Oil Spill

Jan. 26 – Houston-based ConocoPhillips and the China National Offshore Oil Corporation (CNOOC) have reached a financial settlement agreement with China’s Ministry of Agriculture to compensate for the damage caused by the June 2011 Bohai Bay oil leaks.

Under the agreement, RMB1 billion (nearly US$160 million) will be paid as compensation to settle public and private claims of potentially affected fishermen in relevant Bohai Bay communities, according to a January 24 press release issued by ConocoPhillips. Continue reading

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China, India Keen to Access the Arctic Circle

Jan. 20 – Despite harsh weather conditions, the Arctic is becoming a global hot spot, with non-Arctic countries like China, India and Brazil pursuing “observer” status on the Arctic Council – an intergovernmental body promoting cooperation and environmental protection among countries that have territories in the Arctic area.

Experts believe that the increasing focus in the Arctic is drawn by its abundant natural resources, which will be extracted in the future if the region’s environmental conditions become friendlier and global warming melts more glaciers and sea-ice. Continue reading

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For India and China business news and commentary, visit 2point6billion.com. Written by the business experts at Dezan Shira & Associates, 2point6billion reports on the most important stories from throughout south east Asia.



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at [email protected], download our corporate brochure or visit at us www.dezshira.com


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