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☆ China's Lenovo shrugs off concerns that global PC market is shrinking
▼ + stars: | 2023-05-25 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Revenues for the world's largest PC-maker Lenovo fell for a third consecutive quarter as global demand for personal computers continue to slump, but the company is not worried, says CFO Wong Wai-Ming. Clearly, when the market actually returns back to more normal, we will definitely be growing," Wong Wai-Ming, CFO of Lenovo, told CNBC. He added that the company is actually seeing higher growth in other businesses such as infrastructure solutions and services. In its latest earnings report on Wednesday, Lenovo said it expects "the PC market will return to growth" in the second half 2023. "Fiscal year Q4 was the most challenging quarter of the year given pressures from both the PC market and the global economy," said Lenovo in the earnings report.

Persons: Wong Wai Organizations: Lenovo, CNBC, Revenue

☆ Digital trust will put Singapore in a favorable position, says trade association
▼ + stars: | 2023-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDigital trust will put Singapore in a favorable position, says trade associationWong Wai Meng, chairman of SGTech, says trust is the "basic hygiene" that Singapore needs to tackle as the country's digital economy continues to grow.

☆ Hong Kong jails pro-democracy media tycoon over fraud
▼ + stars: | 2022-12-10 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

A Hong Kong court sentenced a pro-democracy media tycoon to five years and nine months in prison on Saturday over two fraud charges linked to lease violations, the latest of a series of cases against prominent activists that critics say are aimed at crushing dissent in the city. Jimmy Lai, who was arrested during a crackdown on the city’s pro-democracy movement following widespread protests in 2019 and under the National Security Law imposed by Beijing, was also fined 2 million Hong Kong dollars ($257,000). His media company, Next Digital, published the now-defunct pro-democracy newspaper Apple Daily. His national security trial, initially scheduled to begin on Dec. 1, was postponed after Hong Kong leader John Lee asked China to effectively block him from hiring a British defense lawyer. Hong Kong, a former British colony, returned to China’s rule in 1997.

[1/2] Media mogul Jimmy Lai, founder of Apple Daily, leaves the Court of Final Appeal by prison van in Hong Kong, China February 9, 2021. REUTERS/Tyrone SiuHONG KONG, Dec 10 (Reuters) - Pro-democracy Hong Kong tycoon Jimmy Lai was sentenced on Saturday to five years and nine months in prison for fraud, convicted of violating a lease contract for the headquarters of a liberal newspaper he used to run. Lai's lawyer, Derek Chan, had urged the judge to consider Lai's age and contributions to Hong Kong's media industry. A separate, landmark national security trial involving Lai is scheduled to resume on Tuesday. ($1 = 7.7854 Hong Kong dollars)Reporting by Jessie Pang and James Pomfret; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Hong Kong CNN —A Hong Kong court on Saturday sentenced jailed media mogul Jimmy Lai to five years and nine months in prison for fraud, in the latest legal challenge against the pro-democracy tycoon. Along with the jail sentence, Lai was also fined 2 million Hong Kong dollars ($257,000) and disqualified as a company director for eight years. Lai, who has been remanded in custody for almost two years, is also facing a trial under Hong Kong’s sweeping national security law. However, cases under the national security law are handled by a dedicated branch of the Hong Kong police and designated national security judges, raising concern about Beijing’s potential influence on proceedings. In November, Hong Kong’s highest court upheld a verdict to allow a British barrister to represent the tycoon in his national security case.

HONG KONG — A Hong Kong court found media tycoon Jimmy Lai guilty of fraud on Tuesday, the latest in a myriad of cases against Lai and other pro-democracy activists that critics say officials are using to stamp out dissent in the Chinese territory. Lai, 74, the founder of defunct pro-democracy tabloid Apple Daily, is among the most prominent activists to be prosecuted in the wake of anti-government protests that swept Hong Kong for months in 2019. Lai and co-defendant Wong Wai-keung, a former senior executive at Next Digital who was also convicted, both pleaded not guilty. Critics of the national security law say it has greatly eroded civil liberties in Hong Kong, the preservation of which had been promised for 50 years when the former British colony was returned to Chinese rule in 1997. An annual survey by the Committee to Protect Journalists found that the number of Hong Kong journalists it considers unjustly imprisoned for their work rose from zero to eight in 2021.

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