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NEW DELHI: Fintech experts believe that the Union government needs to be more proactive in rooting out the menace of predatory digital lending apps. This includes taking a firmer stand against such apps of Chinese origin.
“Ministry of electronics and information technology (MEITY) has carried out multiple rounds of app bans. However, it has never banned any lending app based out of China. They are sometimes even more dangerous for an individual’s privacy than gaming apps. RBI too has not acted beyond giving advisories,” said Srikanth L of Cashless Consumer, a citizen-led collective that raises awareness around digital transactions.
Geely, Foxconn sign partnership deal to make electric vehicles for other carmakers
Photo by: Geely/Facebook
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The joint business model
As Foxconn makes its way to the Chinese EV market, it is expected to grow further. This is a joint venture with Geely, so the investment is split exactly in half. The two companies will each hold 50 percent of the business stake, and their main goal is to make cars for other automakers and provide consulting services about EV technologies to car manufacturers, Channel News Asia reported.
Geely and Foxconn will focus on simplified modern design for its electric cars. They will be building smart autos that are stylish but efficient. The tie-up with the Taiwanese technology group is the latest partnership deal signed by Geely this month.
Apple supplier Foxconn and China’s Geely start EV venture to make cars for others, as sector chases its iPhone moment Pearl Liu and Daniel Ren pearl.liu@scmp.com ren.wei@scmp.com A Geely car is displayed at the Beijing International Automotive Exhibition on September 26 last year. The carmaker’s deals with Foxconn and Baidu suggest that it wants to stay ahead of the competition, an analyst says. Photo: Reuters
The world s largest contract manufacturer of consumer electronics is teaming up with China s leading carmaker to assemble made-to-order electric cars, using their production prowess and supply chain expertise to help more marques enter the highly competitive market for new-energy vehicles.
A dispatcher works at the Xilinhot station in Xilinhot of Xilingol League, north China s Inner Mongolia Autonomous Region, Jan. 8, 2021. The dispatchers here spent up to seven hours working outdoors in the cold weather, with the lowest temperature reaching minus 30 degrees Celsius. They regrouped the carriages and sent them to their destinations to ensure smooth operation of trains in winter. (Xinhua/Peng Yuan)