Latest news with #GreaterChina
Tahawul Tech
12 hours ago
- Business
- Tahawul Tech
Chinese mobile operators cut operational emissions
The Chinese mobile operation industry recently reduced their operational emissions for the first time in 2024. However the volume of mobile data traffic has nearly quadrupled since 2019. As a whole the industry has begun taking actions to improve its energy efficiency and increased the use of renewables. Before the decline last year, previous analyses found regular annual increases in emissions in China, which rose 7 per cent between 2019 and 2023. Energy consumption grew 30 per cent since 2019 as data consumption soared with the nationwide rollout of 5G services, with the nation ending 2024 with just over 1 billion 5G connections. Steven Moore, head of climate action at the GSMA, stated the opportunity in China is enormous, as operators can propel the industry forward in its efforts towards net zero. 'A lot more needs to be done, and it is encouraging to see the mobile industry in Greater China making progress in this way', he noted. 'However, this first decrease is only realised if it goes further next year. We must double down and ensure we are doing everything we can as a global industry to halve emissions by 2030'. The Mobile Net Zero: Greater China report, released at the event, noted the drop in emissions comes as a growing number of mobile operators in the region are setting voluntary climate targets. Four operators in Asia Pacific have validated near-term science-based targets, while three have validated net zero targets. Several key suppliers also have committed to science-based targets and 2050 net zero targets. The annual Mobile Net Zero report found the mobile industry trimmed operational emissions by 8 per cent between 2019 and 2023 despite surging demand. Source: Reuters Image Credit: Stock Image
CNA
16 hours ago
- Entertainment
- CNA
East Asia Tonight - Thu 19 Jun 2025
48:55 Min Spotlight on East Asia, a region steeped in history and now helping to write the future of our world. We'll break down the key stories and explain why they matter. East Asia Tonight About the show: 'East Asia Tonight' shines a spotlight on a region steeped in history and now helping to write the future of our world. Greater China, Japan, and the Korean Peninsula have economic and political might, and are major drivers of daily news and business. We'll break down the key stories and explain why they matter.
Yahoo
a day ago
- Business
- Yahoo
Zespri targets doubling of sales in China
New Zealand-based kiwifruit marketer Zespri has signed MoUs with distributors and retailers in China in a bid to double its sales in the market over the next decade. In a statement, Zespri said the agreements were signed with its two largest distributors in China, Joy Wing Mau and Goodfarmer, as well as fruit retailers Pagoda and Xianfeng Fruit. According to Zespri, these four companies collectively account for approximately 80% of its business in China. Zespri CEO Jason Te Brake said annual sales from Greater China exceed NZ$1.4bn ($840m). 'We expect China to remain a strong market for us,' Te Brake said, adding the agreements 'will help increase both sales and the number of cities where Zespri Kiwifruit is available'. The MoUs set a joint goal to expand Zespri's market reach from 60 to 120 cities by the 2033/34 season. In the last season, Zespri exported more than 1.5 billion pieces of fruit to China. Te Brake, who took the role last May, said: 'This season we are on track to grow our volume in China by more than 8%, and with sales set to double over the next ten years, we are pleased to be right behind New Zealand's ambition to double the value of the country's exports.' He added, Zespri, which is majority owned by its fruit growers, is 'committed to continuing to invest and grow in the China' and 'delivering strong value back to our growers'. In 2024, 91% of Zespri's growers voted in favour of expanding the company's operations beyond New Zealand. The agreements coincide with Zespri's forecast for another record crop year. In the 2024/25 season, the company sold a record 220.9 million trays, up from 164.2 million trays in 2023/24. For the 2025/26 season, Zespri forecasts a total crop exceeding 205 million trays, equivalent to 738,000t. This season, Zespri has already shipped over 110 million trays of kiwifruit, constituting more than half of the total crop. The company's corporate net profit after tax, including licence revenue, is projected to be between NZ$248m and NZ$258m, up from NZ$155.2m last year. In 2024, Zespri's global operating revenue was NZ$5.14bn "Zespri targets doubling of sales in China" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
2 days ago
- Entertainment
- CNA
East Asia Tonight - Wed 18 Jun 2025
48:00 Min Spotlight on East Asia, a region steeped in history and now helping to write the future of our world. We'll break down the key stories and explain why they matter. East Asia Tonight About the show: 'East Asia Tonight' shines a spotlight on a region steeped in history and now helping to write the future of our world. Greater China, Japan, and the Korean Peninsula have economic and political might, and are major drivers of daily news and business. We'll break down the key stories and explain why they matter.
South China Morning Post
2 days ago
- Business
- South China Morning Post
Global millionaire ranks to swell by 5 million over next 5 years, UBS says
The world is expected to add more than 5 million millionaires in the next five years as global wealth grew for a second straight year, according to the latest UBS Global Wealth Report. 'This trend [of rising wealth] is expected to show up not only in rising total personal wealth, but also in a swelling millionaire population,' the Swiss bank said on Wednesday. The report did not specify where most new millionaires would be minted, but it highlighted that growth would be led by the US, with additional momentum coming from the Greater China region, followed by Latin America and Oceania. The annual report, now in its 16th year and covering more than 50 markets worldwide, showed that private individuals' wealth grew 4.6 per cent globally last year, despite ongoing wars and recession fears. This was the second consecutive year of growth in global wealth after a 4.2 per cent increase in 2023. Global wealth fell 2.4 per cent in 2022. The UBS Global Wealth Report, which covers more than 50 markets worldwide, showed that private individuals' wealth grew 4.6 per cent globally last year. Photo: Reuters The US led the growth in personal wealth last year, with an 11 per cent increase, driven by a stable US dollar and buoyant financial markets. Meanwhile, wealth in Greater China grew 3.4 per cent.
