Category: Asia

WeChat Pay Partners up with Japan’s Line

Asia, ChinaNo Comments

WeChat, China’s hugely popular messaging and social media app, has announced plans to integrate with LINE, a similar app based in Japan. The partnership will unilaterally allow WeChat users to pay for goods and services over the Line platform.

WeChat

Tencent, a Chinese multinational holding conglomerate, released WeChat in 2011.  (Tencent has garnered a whopping zero out of 100 score from Amnesty International’s report on companies’ use of encryption to protect user data.)

WeChat Pay was introduced during the 2014 Lunar New Year, allowing users to send digital hongbao packets to friends and family. Users sent 20 million packets that year. In 2016, over 3 billion were sent.

The service has been wholeheartedly integrated into Chinese life. An estimated 900 million different accounts use WeChat Pay every month for private transfers, online goods and services shopping, and bill payments. Its messaging services have mostly replaced email for personal and business communications, the payment system largely renders credit cards obsolete, and its social media feeds and user “Moments” are one of China’s most popularly used media sharing platforms. It offers a stuffed animal, MonMon, for small children to send and receive WeChat voice messages from their parents. WeChat Pay can link to bank accounts in China, Hong Kong, Malaysia, and South Africa.

Line

Line was released in 2011 after an earthquake and tsunami disrupted telecommunications across Japan. Within two years 300 million users had installed the text, voice, and video communication app. Today almost half of the Japanese population, an estimated 78 million, uses Line. It is also one of the most popular messaging apps in Japan, Taiwan, Thailand, and Indonesia, with an estimated 164 million active users in those four countries. As of 2016, it had released over 320,000 sets of stickers. 

Line introduced Line Pay in December 2014. Like WeChat Pay, it facilitates user to user as well as user to merchant payments. In 2016, it released a free card that could be used for in-store purchases. It also allows the use of Line Taxi, a popular ride-hailing service in Japan.

One app, two countries

The cooperation between the two is intended to simplify payments for Chinese tourists or visitors in Japan. WeChat users will be able to buy goods and services in Japan without exchanging cash, or setting up a Line Pay account of their own. Line, which offers end to end encryption, is banned by the Chinese government.

AirAsia X Places Order for 42 Airbus Planes

Asia, Australia, Oceania, South East Asia, UncategorizedNo Comments

AirAisa X has closed a deal with Airbus for 42 new aircraft. Twelve A330-900 and thirty A321XLR are set to bolster the trans-Asian airline’s already formidable presence in the affordable air travel market. 

The Airline

AirAsiaX is, unsurprisingly, a sister company of AirAsia, the largest Asian international carrier. Based in Malaysia, AirAsia runs a myriad of routes between many nearby Asian (especially Southeast Asian) cities. AirAsiaX focuses on long distance routes, especially between Asia, Australia, and the United States. Its first route, commenced in 2007, was between Kuala Lumpur and the Australian Gold Coast. It tends to use peripheral airports rather than central ones to keep ticket prices down; in 2018, it swapped its KL-Melbourne route for nearby Avalon Airport.

The Aircrafts

The A330-900 is an extended fuselage version of the Airbus A330neo.  It can seat up to 300 passengers in a three-class layout; that number rises to 440 if an airline choses to forgo luxury seating options. Its range of 13,400km is sufficient for most intercontinental routes, with the exception of some trans-Pacific flights.

The A321XLR is the newest adaptation of the A321neo, the world’s best-selling single aisle aircraft. It has been refined to make its range “Xtra Long”, and can now travel up to 8500km. Smaller bodied planes better accommodate smaller airports; the A321XLR is a popular choice for smaller regional airlines. For AirAsiaX, the more efficient, but still lower passenger capacity model will enable the opening and continuation of less-traveled routes such as India-Europe and China-Australia, according to the Airbus website. 

Fall in Asian markets reflects pessimism over US-China trade deal

Asia, China, Countries, Financial News, North America, Politics, Regions, Regulation News, South East Asia, USANo Comments

Negotiations between Washington and Beijing over a trade deal may be ongoing, but that doesn’t mean people are optimistic about the potential for a settlement, as evinced by the fall in Asian markets during early trading Wednesday.

The decline came in the wake of a Twitter rampage from US President Donald Trump—who has been less than consistent (one might say erratic) on this issue—in which he lit into China for not importing more agricultural products from the US and took credit for the Asian country’s allegedly failing economy.

“China is doing very badly, worst year in 27 – was supposed to start buying our agricultural product now – no signs that they are doing so. That is the problem with China, they just don’t come through. Our Economy has become MUCH larger than the Chinese Economy is last 3 years,” he wrote.

Continuing he wrote:

“My team is negotiating with them now, but they always change the deal in the end to their benefit.”

And in conclusion:

“China has lost 5 million jobs and two million manufacturing jobs due to the Trump Tariffs. Trumps [sic] got China back on its heels, and the United States is doing great.”

Trump did not provide any sources to back up the stated figures, but then I probably didn’t have to tell you that.

MarketWatch summed up the immediate fallout, reporting that “Japan’s Nikkei slid 1% and Hong Kong’s Hang Seng Index  fell 1.3%. The Shanghai Composite retreated 0.8% while the smaller-cap Shenzhen Composite lost 0.5%. South Korea’s Kospi fell 1% as North Korea tested more short-range ballistic missiles, and benchmark indexes in Taiwan, Singapore and Indonesia all fell. Australia’s S&P/ASX 200 slipped 0.2%.”

Individual stocks were also down.

MarketWatch reports that, in addition to Trump’s unpredictability, an ongoing trade dispute between South Korea and Japan is roiling markets. Said dispute stems from Tokyo’s decision to deny South Korea a special trade status known as “white country.”

Alarming percentage of food delivery drivers eat from orders

Asia, Australia, Countries, FMCG, North America, Oceania, Regions, Regulation News, Social Issues, Technology News, USANo Comments

Think twice next time you’re about to tip the man or woman delivering food to your house. According to a recent survey conducted by US Foods, nearly 30 percent of delivery drivers have swiped something from a customer’s food order.

The survey interviewed some 500 delivery drivers who worked for various apps (including UberEats, GrubHub and DoorDash). Twenty-eight percent of those drivers confessed to having taken food from a customer’s order prior to delivering it, while more than half (54 percent) admitted to thinking about doing so.

From the report: “We’re sorry to report that sometimes, impulse gets the best of deliverers, and they violate their sacred duty by taking some of the food!”

As you might expect, customers (1,500 of whom were polled by US Foods as part of the same study) are less than thrilled by the idea of a delivery driver lifting a bit of their meal. US Foods asked customers to to rate, on a scale of 1 to 10 (1 meaning “no big deal” and 10 meaning “absolutely unacceptable”), how upset they would be to learn that such a thing occurred, and the average response was 8.4. No surprise there.

Meanwhile, 85 percent of customers said they would like their order to come with a sticker or label which, if broken, would indicate that the delivery boy/girl had gotten hungry on the drive over.

Taking food from an order is of course a violation of company policy: if caught, drivers are liable to be fired.

On the flip side, drivers had some bones to pick as well. Sixty percent of those surveyed said they were “consistently irritated” by a lack of tips. MarketWatch reports:

“On the customer side, 95% of those surveyed said they tipped their drivers, though 66% said service and delivery fees — which don’t go to the driver — affected how much they tip. $5 was the average tip for about one in three customers, but 57% of customers said they tipped less than that. Just 11% said they tipped an average of $6 or more.”

Upon hearing this news, customers might be even less inclined to tip, further enraging delivery drivers and leading them to retaliate by, well, stealing some food. Sounds like a vicious cycle.