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Geek+ and Circle K implement ‘Asia’s largest smart warehouse for grocery deliveries’

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Geek+ is supplying 100 autonomous mobile robots to Circle K for its distribution center in Hong Kong.

The companies say the implementation represents the commitment of Geek+ and Circle K Hong Kong to “build supply chain resilience using technology and support customers with a wide selection of products and excellent services”.

Today, the distribution center of 140,000 square feet handles the deliveries of more than 300 Circle K convenience stores in Hong Kong, serving over 600,000 customers daily. [Read more…] about Geek+ and Circle K implement ‘Asia’s largest smart warehouse for grocery deliveries’

China expands testing of digital currency in case US bans yuan

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China is expanding the testing of digital yuan currency to prepare for any further restrictions on its companies by the US. 

So far, US President Donald Trump has effectively banned Huawei in the US and from doing business with US suppliers globally.

Huawei is the leading Chinese telecommunications equipment provider, supplying 5G systems to many countries abroad, and it offers a successful line of smartphones. [Read more…] about China expands testing of digital currency in case US bans yuan

US demands Hong Kong-made goods be relabelled ‘Made in China’

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The United States government is calling for goods made or exported to the US from Hong Kong to be relabelled “Made in China”, according to a report on the South China Morning Post. 

The measure, to be introduced by US President Donald Trump, does not appear to need Congressional approval or any kind of vote.

It will mean that Hong Kong companies exporting to the US will be required to pay the same kind of punitive tariffs currently placed on goods arriving in America from mainland China. [Read more…] about US demands Hong Kong-made goods be relabelled ‘Made in China’

Trump to raise tariffs on China goods to 25 percent

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US President Donald Trump is preparing to raise tariffs on Chinese imports to 25 percent from the current 15 percent.

The levies will affect approximately $350 billion worth of Chinese exports to America.

Trump made the announcement through Twitter. He tweeted: “For 10 months, China has been paying tariffs to the USA of 25 percent on $50 billion dollars of high-tech, and 10 percent on $200 billion of other goods.

[Read more…] about Trump to raise tariffs on China goods to 25 percent

China must take holistic approach to future of Hong Kong

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Hong-Kong_skyline

By Edward Tse, CEO of Gao Feng 

Hong Kong’s government has a reputation for being inward-looking when it comes to formulating policies.

Prior to the 1997 handover, such an approach was acceptable and made sense, as Hong Kong was separated from mainland China.

However, interactions between the city and mainland have significantly increased since the handover.

The government must now take a more holistic approach to understanding the overall developments on the mainland and their implications for the future of Hong Kong.

A case in point is Hong Kong’s land use planning.  [Read more…] about China must take holistic approach to future of Hong Kong