China says hopes visit of North Korean envoy can ease tension
BEIJING - China hopes that a visit by a senior North Korean envoy can ease tension in the region and help spur efforts to rid the Korean peninsula of nuclear weapons, a Chinese Foreign Ministry spokesman said on Friday.
Found 21 hours ago on channel Reuters
Australia Makes Asian Language Learning a Priority
An anonymous reader writes "The Australian government came a step closer to formalising its plans to make Asian language study compulsory for schools this week. It has released a draft curriculum for public consultation which reveals plans to include Indonesian, Korean and french language in the curriculum. Australian Prime Minister Julia Gillard publicly stated in September 2012 that in response to the "staggering growth" in the region, the government would be instigating 25 key measures to strengthen and exploit links with Asia. The plan includes the requirement that one third of civil servants and company directors have a "deep knowledge," thousands of scholarships for Asian students, and the opportunity for every schoolchild to learn one of four "priority" languages- Chinese, Hindi, Japanese or Indonesian."
China's SeedAsia Opens For Business, An Online Equity Crowdfunding Platform For Startups Across Asia
SeedAsia, an equity crowd-funding site based in China, has just launched. The company is offering stakes in selected early-stage startups to the public. “It’s kind of a hybrid between Kickstarter and private investment,” said co-founder Tom Russell. The startups to be listed would have ideally gone through some some sort of incubation program and would have shown promise. They can apply offer between $50,000 and $1.5 million in equity through SeedAsia’s platform. SeedAsia takes a 5 percent cash commission from the startup and another 5 percent of the investor’s equity. It is currently considering charging a management fee next year, said Russell. Potential investors need to apply and be screened, and SeedAsia has set the minimum investment commitment at $2,000 per member. “It costs about $20,000 to $30,000 at minimum to be an angel investor, so this lowers the entry barrier for people,” he said. SeedAsia is the first equity crowd-funding site to launch in the region, although ...
Singapore's SingTel Wants To Pump Another $1.6B Into Startup Investments
Singapore’s largest telecoms provider, SingTel, plans to set aside $1.6 billion (S$2 billion) over the next three years for startup acquisitions. Like those it has made in recent years, these are expected to be in the digital media space. All of these can be tracked back to the major restructuring of SingTel’s business arms last year, where it divided itself into three pillars called Consumer, ICT and Digital Life. The first two focus on consumer and enterprise segments, respectively, but the Digital Life arm is most representative of the change. The division was set up as a reaction to over-the-top competition from third party content providers, and SingTel said Digital Life was going to compete head on, providing smart TV, digital magazines and local content. Some of acquisitions so far include restaurant review sites, Hungrygowhere and Eatability, and photo app Pixable. SingTel has also been bullish as a VC. In 2010, it set up a separate venture arm called Innov8 to specifically look ...
Chinese River’s Fate May Reshape a Region
Those who treasure the Nu River in Bingzhongluo, China, say the construction of proposed dams would alter what guidebooks call the Grand Canyon of the East.