Staying at home Nov 9, 2018 (WiC 431)
“As of now, we don’t have any aspirations to make acquisitions overseas. The Chinese market has the best growth prospects”
Ping An founder Peter Ma tells the Financial Times that the financial services conglomerate will keep a domestic focus, despite complaining that international recognition of Ping An is lacking. “The irony is we are probably the most international of Chinese companies, with an open culture and senior management and scientists from overseas,” Ma said.
Banking by blinking Nov 2, 2018 (WiC 430)
“We’ve reduced credit losses by 60% using this technology. It is more accurate than other approaches to fraud detection”
Ping An’s deputy chief executive Lee Yuansiong praises facial recognition technology it uses to screen loan applications. The technology can identify 54 involuntary facial expressions before the brain has a chance to override them. Movements such as rapid blinking pass in a fraction of a second but can be telltales for lying Lee told the Financial Times.
Stunned by Shenzhen Oct 26, 2018 (WiC 429)
“Shenzhen is a city with a futuristic vibe, lots of young people, new cafes, a craft beer scene, a new arts district – there is so much going on there that we feel it's a good time for people to tap into it”
Matt Philips, destination editor at Lonely Planet, explains why the southern city has been included as one of the travel guide’s must-visit places in 2019.
Smooth operator Oct 19, 2018 (WiC 428)
“A steward put down a glass of water and it didn’t even tremor”
John Kerry, former US Secretary of State, marvels at China’s high-speed train technology, recounting to the Financial Times how he travelled “at 300mph” on a bullet train. He said America’s fastest train maxes out at 150mph and “can’t go fast over the Chesapeake River because it will wind up in the Chesapeake. This is absurd.”