Tech investments in China are focused on 3 trends, says Antler

first_imgSuch wireless ecosystems would contribute to the overall effort to combat climate change, which is an area that investors are increasingly paying attention to, he said.Eric Lin, head of research at UBS Securities in China, said Chinese investors are looking more at ESG research. ESG stands for environmental, social and governance factors that investors consider when deciding which assets to put their money in.For example, investors may consider whether their investments are generating returns from driving positive changes in the world, or simply supporting something that’s not doing harm.Typically, such investments “tend to generate higher risk-adjusted returns,” which is good news for investors, said Lim, who spoke on the same panel. He added that “hot sectors” that attract investors in China include renewable energy and electric vehicles. – Advertisement – The next trend Wang shared is greater use of smart devices, which account for only 5% of household appliances in China, compared with around 20% to 30% in the U.S.“In the future, I believe, we will have this (percentage) go up to at least 30% to 40%, even to 50%” in China, he said. (L-R) Hongye Wang, partner of Antler; Eric Lin, head of research at UBS Securities in China; and Evelyn Cheng of CNBC on the first day of CNBC’s East Tech West conference in Nansha, Guangzhou on Nov. 17, 2020.Dave Zhong | Getty Images for CNBC Wang added that more of those devices — such as televisions and fridges — are likely to be wireless, which is the third and final trend that he sees. Going wireless means devices would need better batteries and power-control systems, he noted.- Advertisement – China, already home to technology giants such as Alibaba and Tencent, has more to offer to investors as the coronavirus pandemic accelerated tech adoption globally, a partner at an early-stage venture capital firm said on Tuesday.  Tech investments in the Asian economic giant are headed into three broad areas, Hongye Wang, a partner at Antler, said at CNBC’s annual East Tech West conference in the Nansha district of Guangzhou, China.First, he said that while e-commerce has a large presence in China, the pandemic has moved more activities online, such as education and medical services. That can grow even more in the future, he said during a panel discussion moderated by CNBC’s Evelyn Cheng.- Advertisement – – Advertisement –last_img read more

Former Super Eagles Striker, Ighalo, Warns Osimhen Not to Relent

first_imgFormer Super Eagles forward, Odion Ighalo, has tasked the rave-of-the-moment, Victor Osimhen, to keep improving himself and not get carried away with accolades he is getting so far in his fledging career at top level football.Ighalo, who ended his international career in July following Super Eagles’ third-place finish at the AFCON 2019 in Egypt where he was awarded the Golden Boot after scoring five goals the in tournament, said the young striker should keep working hard to improve himself.Following his retirement, Osimhen has taken over the Number 9 shirt and has been in outstanding form to earn the country back-to-back wins in Nigeria’s first two Group L qualifying games for the 2021 Africa Cup of Nations. The Lille star helped Nigeria turn around a goal deficit against Benin with his equaliser in their 2-1 victory last Wednesday, before putting up a five-star performance in their 4-2 win over Lesotho where he bagged two goals and two assists on Sunday.In reacting to the latest heroics, Ighalo who had a four-year stint with the three-time African champions has urged the Lille talisman to remain focused and to keep learning.“I always told him that he has everything it takes to lead this attack, but it all depends on him,” Ighalo told ESPN.“I told him he has to keep working hard, stay humble and always be ready to learn, and above all not to get carried away with success or hype but just to keep improving.”Meanwhile, Super Eagles coach, Gernot Rohr, is full of praises for Osimhen’s progress despite his limited playing time when Ighalo was active in the national team.“I took him already in my first match, remember. Everybody was surprised. He was 17 when I selected him in August 2016,” Rohr said.“He was in Germany and unlucky with injury, and then he fought very well to come back.“And now I have very good information on him from Lille. He is progressing, and also I saw him progressing for seven weeks before and during the Afcon. Also, we had Ighalo, so he could not play so much, but then in the last match he did well and he showed all the progress he did.“He is working well. There is no secret. When you work well and you have the talent and you stay humble, you can succeed and he can even improve because he is still very young.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Chelsea rally for friendly win over Roma

first_imgSecond-half goals from Frank Lampard and Romelu Lukaku lifted Chelsea to a 2-1 win over Roma on Saturday in a friendly football match at RFK Stadium in Washington.Lukaku scored in the 88th minute to give Chelsea the victory in their final friendly before opening English Premier League play next weekend.Veteran midfielder Lampard had equalised for the Blues in the 60th, after Roma went ahead in the 20th through Eric Lamela.Chelsea were quick off the mark, and Roma goalkeeper Morgan de Sanctis had to jump in the second minute to deny a volley from Michael Essien.But the Italian side drew first blood in the 20th minute, with the aid of a blunder by Chelsea goalkeeper Mark Schwarzer.The Australian mishandled a back pass, allowing the ball to bounce off his post toward Eric Lamela, who knocked the ball home from a couple of yards out.Pablo Osvaldo almost doubled the lead for Roma when he created space inside the area, cutting inside Cesar Azpilicueta and David Luiz and shooting low, but Schwarzer dipped left for the save.Chelsea manager Jose Mourinho made six substitutions at halftime and the move paid dividends as the English side stepped up the pressure on the Roma goal.In the 60th, Demba Ba’s found Lampard, who made no mistake with a wide open shot from the top of the arc, firing a low drive into the near corner to make it 1-1. The Blues found the winner in the 88th. Eden Hazard threaded through the Roma defense, pulling the ball back for Ba who found Lukaku.Lukaku fired from close range, his deflected shot finding the back of the net.With the victory Chelsea capped a four-match US pre-season tour.They beat both AC Milan and Inter Milan by 2-0, and fell 3-1 to Real Madrid on Wednesday, when the final of the International Champions Cup friendly tournament in Miami offered Mourinho a chance to take on the club he departed amid acrimony in June.It is Mourinho’s second spell with Chelsea, the team he guided to Premier League triumphs in 2005 and 2006.Roma, who open their Serie A campaign on August 25, were playing a third Stateside warm-up match. They beat the Major League Soccer All-Stars 3-1 and MLS outfit Toronto FC 4-1 on Wednesday.last_img read more