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:
Webinar link - https://cdroundtable.com/web/rt/meeting/meetingDetail?id=984c2582b30a497991459cb24fc63b09
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