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

USC captures tournament championship

first_imgThe USC women’s basketball team captured the 2010 Women of Troy Basketball Tournament title behind 23 points from junior guard Ashley Corral, knocking off San Diego State 74-64.Corral opened the game on fire for USC (7-4), scoring 13 of the team’s first 15 points and pacing the Women of Troy to an early 15-4 lead.  USC pushed the advantage to as many as 15 points in the first half and never trailed en route to the title and their third straight victory.USC seemed poised to cruise to victory after taking a 42-25 lead into halftime, but the Aztecs (4-5) rallied in the early stages of the second half to make it interesting.  San Diego State closed the gap to 62-58 with four minutes remaining before USC ended the game with a 12-6 run.Corral knocked down her first five shots of the game and finished 7-14 from the floor.  She added six assists and five rebounds to fill out an impressive stat line.  Sophomore forward Christina Marinacci came off the bench to score 14 points and grab eight reboundsRedshirt senior guard Jacki Gemelos and junior guard Briana Gilbreath added 13 points apiece for the Women of Troy, who shot just 40 percent from the floor, but made up for it by connecting on 17 of their 21 free throw attempts.Gilbreath earned MVP honors of the tournament after posting averages of 13.5 points, 7 rebounds and 3 steals.  Backcourt mate Gilbreath joined her on the All-Tournament team.Paris Johnson and Coco Davis paced San Diego State with 18 and 16 points, respectively.For the second straight game, turnovers by the opposition helped the Women of Troy pull out the victory.  San Diego State turned the ball over 19 times against USC.In the opening game of the tournament, USC parlayed a swarming defensive effort into a double-digit victory Sunday night over future conference foe Colorado.  The Women of Troy forced 24 turnovers in the game, led by Gilbreath’s five steals.Gilbreath and Corral scored 14 points apiece for USC, who held the Buffaloes to just 32 percent shooting.The Women of Troy have Christmas off before resuming play Dec. 29 at Fresno State.last_img read more