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Business & Finance
Forbes Asia

Forbes Asia July/August 2018

Forbes Asia chronicles entrepreneurs, executives and companies throughout Asia.

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Country:
United States
Language:
English
Publisher:
Forbes Media LLC
Frequency:
Monthly
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13 Issues

in this issue

2 min.
taiwan’s test

These are trying times for Taiwan. Intimidation by Beijing is virtually nonstop, and its target, President Tsai Ing-wen, must scramble just to keep her government’s international footing. Economic and other pressures mounted as she assumed office in 2016, and there’s popular unease over incomes even as such measures as the TAIEX stocks chart have pointed up. Yet a visit there is a pleasure, even when appointments in urban Taipei leave no time to enjoy most of the island’s beauty. I always notice the relative absence of armed men in uniform and of obvious mass surveillance. Also the bookshops with no seeming bent for idolatry or prohibitions on speech. A clean and green mindset prevails, and the human scale (aside from the Taipei 101 tower) is relaxing. If Asia’s latest boom has greatly…

1 min.
readers say

CONVERSATION OUR STORY about video app Douyin’s hold on Chinese youth (“Bytedance to the Music,” June, p. 14) prompted this analysis from @Edourdoo: “As people spend more time on Douyin, their attention is being diverted away from WeChat—hurting Tencent’s goal of keeping users for longer periods there so it can off er more services.” “Crazy for Crypto” (p. 72), our look at South Korean crypto-currency investors, elicited this response from Cryptoes-Potatoes on Reddit: “Brace yourselves! Big whales are coming!” CORRECTIONS: In “Crazy for Crypto”, the new certification requirements for derivatives investors mandated training only for investors who hadn’t traded in two years. Our caption for Kim Jung-Ju neglected to say that his ownership of Korbit is through his holding company, NXC. And Nexon is not investing in crypto-currencies directly. In the caption…

6 min.
import sales taxes don’t make u.s. richer

“With all thy getting, get understanding” ONE THING TO always keep in mind about our trade battles is this: Tariff is another word for “sales tax.” When you hear of a 25% tariff on steel, translate that into a 25% sales tax on steel. That clarifies the issue. Hitting American businesses and consumers with a slew of new sales taxes on their products, materials and everyday items, such as kids’ clothes, hurts them. To say exporting countries will feel more pain than we do doesn’t negate the truth: We will also be hurt. If deals are not struck, our exporters—particularly farmers—will feel the sting of retaliation. So will our companies that have facilities overseas. How many Buicks or Apple products will be sold in China next year? Another thing to keep in…

5 min.
staying power

A scion of the nearly 70-year-old real estate giant founded by the Mori family is trying to freshen up the staid building-and-hotel sector in Japan. Miwako Date (pronounced DAH-tay), the 47-year-old president of Mori Trust, is a rarity in the conservative, male-dominated business. More unusually, she beat out two brothers, no longer at the firm founded by her grandfather, for the company’s top job—in a country and region where the eldest son is the traditional choice. While Japan’s real estate sector doesn’t lag behind other industrial nations in many aspects, parts of it are in a bit of a time warp. Nowhere is that more clear than in luxury hotels. Often with midcentury designs and dark hushed spaces with indifferent interiors, the nation’s top hotels—notwithstanding Japan’s impeccable, high-end ryokan inns—fall short…

5 min.
show me the money

Anime and video games have long been an obsession for Li An, but the 30-year-old IT worker from China’s southern city of Shenzhen can spare only about an hour a day to indulge his interest. When he goes online to watch videos of his latest fascination, a sci-fi game about androids taking over the world, there are several platforms competing for his attention, but he’s loyal to just one site. “I discovered Bilibili when I was in college,” Li said. “It’s still one of my favorite pastimes today.” Li is one of more than 77 million Chinese fans watching the animation and gaming videos hosted by Bilibili every month. The Nasdaq-listed company sees that user base, which is both internet-savvy and loyal, as its biggest advantage. Chen Rui, Bilibili’s chief executive,…

6 min.
qonect ai labo:

In this bold, new financial world of blockchain platforms, crypto-currencies and bitcoin billionaires, companies that develop user-friendly applications like to bolster their image by referring to themselves as Laboratories. But, that is a misnomer, according to Naokuni Yoshida, chief executive officer of QONECT AI LABO. “The term Laboratory should only be applied to those capable of revolutionizing the overall social ecosystem. QONECT is about to achieve this goal through the development of the QONECT APP and Token,” he says. Yoshida, a former corporate finance IT specialist has stepped forward with a commitment to achieve seamless connections between online and offline barriers. To achieve this pivotal connection, Yoshida has teamed up with chief operating officer Hikaru Shishido, a former restaurant professional, to establish QONECT CORP. Real Connections with Computer Networks “It is inconvenient to have…