SME Malaysia – July 2019

(Romina) #1

(^4) NEWS
L
andlords of Hong Kong shopping malls are looking for new
and interesting solutions to retain shoppers in an ever-
growing competitive retail market. One such solution is to
combine entertainment with retailing to turn many of the city’s malls
into lifestyle destinations. This new strategy also serves as a form of
insurance against the fickle patronage of mainland Chinese tourist-
shoppers, who contribute as much as 5 per cent of Hong Kong’s retail
sales, but are not consistent in terms of numbers.
HONG KONG MALLS SEEKING HYBRIDISED RETAILERS TO RETAIN SHOPPERS
ARE COBOTS THE SOLUTION FOR SMEs?
C
obots are robots designed to interact with humans in the
physical world in order to support a job or task. Rather
than a fully autonomous assembly line, a cobot would
perform a certain task that would help a human with their own task.
These are cheaper than fully automated robots, and more technically
accessible for SMEs to implement.
P2P LENDING TO OVERCOME FINANCIAL EXCLUSION
V
ietnam’s economy is currently thriving; and yet, a good
chunk of the population remains unbanked. Without a
banking account, these people will be unable to access
financial services such as loans and insurance. This state is known as
‘financial exclusion’. The country has a relatively young population
with approximately 60 per cent of Vietnamese citizens falling
between the ages of 15 and 54. This means that the majority of the
country consists of the age group that are most likely to take out
loans for homes or business start-ups. As such, Vietnam is ripe for the
adoption of fintech, especially in peer-to-peer (P2P).

Free download pdf