2020年5月27日星期三

China Daily Asia Leadership Roundtable Webinar - Tipping Point: "Economic Impact of the Pandemic: A New Approach to Doing Business"

The China Daily Asia Leadership Roundtable is a by-invitation network of movers and shakers in Asia providing platforms for focused dialogue, issue investigation, and possible collective action on strategic issues relating to economic, business and social development in Asia.  The webinar named "China Daily Asia Leadership Roundtable - Tipping Point: "Economic Impact of the Pandemic: A New Approach to Doing Business"" was held on 27th May 2020.



Prof. Geng Xiao (President, Hong Kong Institution for International Finance) briefed the situation of Covid-19 outbreak in Asia and the world. The future of economic come into two strategies, one is China and Asia Pacific that people first, focused on quality and long term development.  Another strategy is like US. Pandemic had not under control yet.  Hong Kong is in the middle. Global economic will be based on Internet economic and digital structure.


Q&A
How HK attract more capital? Good living environment for talent, such as MSCI.
US vs China – i) National Security, no very real conflict geographically; ii) Global order, one way is to cooperate, otherwise the cost is too big for the whole world.

Tim LEE (Founder & CEO, QFPay) said it was first time using online seminar during Covid-19 period. A lot of local travel businesses were affected. China is still recovering but some SME closed down during Covid-19 period.  Alternative payment solution was looking for. Most of them were online business. New e-commercial was facing child at home.  Government fund was provided to help business online. Online business and channel will become the norm.  Mobile payment and total non-touch payment would be the future.  Global long range travel would be gone!  


Dennis Ng (Founder, Mober Technology Pte) in Philippines shared his view about his Motorcycle / driver delivery related business. Taking advantage of this lock down, they had better chance to win the competitor. The driver market they kept to waiting the better rate. “Mober” gave better delivery rate after the lock down that customer was no need to suffer the long queue in supermarket.


Edith Yeung (General Partner, Race Capital) shared her view on impact on venture capital (VC).  Covid-19 had changed many behavior.  Fund raising usually looked for ten year. It would be the worse time for some categories. For fund raising, face to face meeting was still important.  VC would considered Pharmaceutical, Biotech, online education, and digital healthcare, etc.


Q&A
What QFPay different compared with other payment platform e.g. PayPal/ApplePay/AliPay? Every customer they choose their own wallet.


Edith said many Chinese restaurant adopt ideas to operate it as usual through online and mobile ordering.

Tim said e-wallet like virtual bank. May be no credit anymore in future.

Dennis said there would be no traffic in Philippines during the lock down. Companies would be very lean and needed their service.

Reference:
Asia Leadership Roundtable - https://cdroundtable.com/web

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