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Tag Index  /  Showing 1 - 5 of 5 results for “Shanghai”

Finance

Shanghai Street View: Wealth Explosion

In the last two months alone, at least three wealth management shops have opened up in my neighborhood, often in spaces that were vacant for years or inhabited by struggling businesses. And my neighborhood in Hongkou District is quite ordinary, which means Shanghai’s trendier areas have undoubtedly been hit by the same scourge of wealth management shops. More broadly, this sudden explosion looks a lot like the kind of boom-bust pattern you often see in China, be it in our stock markets or the latest business trends. On the retail scene, I’ve written about similar booms in convenience stores and coffee shops, which both occurred quite rapidly and created huge supply gluts.   More

Global Tech

Shanghai Street View: Troubled Technology

This week’s Street View takes us to Shanghai’s rapidly aging Maglev train, which was once the city’s pride and joy when it first opened in 2004 offering the world’s fastest speeds in a commercial rail service. The Maglev celebrated its 10th anniversary this year, even as debate grows about a technology that has been overtaken by slower but less costly high speed rail trains in the last few years. More broadly speaking, the sputtering Maglev also shines a spotlight on Shanghai’s inability to become a leading center for technology development.   More

Cities Global Tech

Alibaba, Baidu Invest in Chinese Taxi Apps

The rapid rise of location-based services (LBS) on the Internet is spawning a new generation of start-up companies, with taxi finders one of the latest to join the trend. Such apps use GPS technology to create services that rely on a person’s location, such as helping that person to find nearby restaurants or shops. Just this week a friend was telling me about one such new LBS to help frustrated consumers find taxis, and now we’re reading about two other companies that are moving onto the investor radar with their own new tie-ups.   More

Cities Global Tech

Shanghai Street View: Toilet Technology

China’s economic miracle has captured global headlines for much of the last 30 years, but a much quieter revolution has also taken place in that time at the nation’s toilets. As China’s leading commercial center, Shanghai has been at the edge of this quieter revolution, which has just flushed past another milestone with the announcement of a new mobile app to help people locate the nearest public toilet. The new app uses GPS technology to locate the nearest of 8,000 public toilets now operating in Shanghai for users who feel the call of nature while walking around or driving outside.   More

Cities Opinion

Shanghai Street View: Garbage Disposal

What started as local news of hundreds of dead pigs found floating in Shanghai's Huangpu River has suddenly morphed into a major story, captivating global audiences with its graphic images and air of mystery about where the corpses came from. The news has now traveled to much of the world, including the U.S. city of Denver, prompting even my brother to take notice and send me an email warning not to drink the Shanghai tap water.   More