We’ve talked about Tencent and Qihoo 360 and the “war” they’ve entered recently in a recent post. And here we are again talking about these two tech giants. It seems though, that after the government stepped in, they actually apologised to their users for the dispute. The reciprocal accusations of illegaly scanning customers’ data and being malware, brought the two companies on the verge of forgetting that they were just losing business and users. Nonetheless, to MSN Microsoft. At present, both companies are being investigated and have toned down their damaging behaviour. Will follow up this matter with further posts. Stay tuned. Ah, check out this article.
Archive for November, 2010
Sometime ago, I’ve discussed in a previous post about shortage of talent in China the problems that China is facing with its fast paced growth. It is apparent that this kind of situation is hard to control and deal with for China. I’ve found another article today in this respect. Basically, in the next three years, executive assignments will keep growing or at least, keep going steady. Also, it seems likely that more business will be done outside of the leading business centres, Shanghai and Beijing and that China is now facing the challenge to provide suitable candidates for senior execs and managers. In response to this need, companies have implemented a more aggressive recruitment campaign, and are actively sending employees out to North America, Europe or other locations in Asia in order to gain global exposure and return home with advanced managerial skills. Growth doesn’t come without challenges, and China has a lot to learn, especially how to deal with increased cultural differences. There is a lot to this argument, if you want to read the indepth article I came across you can find it here.
Legislation to implement a minimum wage was passed last July in Hong Kong, as part of of a government’s plan to reduce the wealth gap. However, there is no unison opinion about whether or not enforcing a minimum wage will actually help or hurt workers and the overall economy. The minimum wage in question is likely be around 28 Hong Kong dollars, the equivalent of approx US$3.61.
According to an article on China Real Time Report “Having a minimum wage simply means there is a transfer of income from people at the bottom of the wage scale to people who are slightly above them. Unless Hong Kong can manage the huge flows of low-cost and low-skilled workers coming across the border each day, there will continuously be a segment of the population which lives in poverty.” — Professor Francis Lui, Hong Kong University of Science & Technology.
The implementation of the minimum wage it seemingly not going to be received well. When a minimum wage is set it usually is for the workers’ good, but we’ll have a closer look as the situation develops, as in this case, it looks like the gap is just going to get bigger and bigger.