Singapore billionaire grows Shenzhen Mindray by US$3.8 billion a month and pledges more as ‘golden decade’ beckons Iris Ouyang iris.ouyang@scmp.com A statue of a bull is displayed outside the Shenzhen Stock Exchange in the southern Chinese city of Shenzhen. Photo: Reuters
In less than three years since its home debut, Shenzhen Mindray Bio-Medical Electronics has handed stock investors greater returns than all the largest companies traded on the Shanghai and Shenzhen exchanges bar two.
The stock s 992 per cent total return from mid-October 2018, in US dollar terms, easily surpassed the CSI 300 Index by more than 10 times. Only a dozen companies with at least US$20 billion of market capitalisation, such as Tesla and Singapore-based Sea Ltd, have performed better on the global stage over the period.
China’s carbon neutral goal: Cainiao, JD.com and online retailers say all that mountain of plastics and packaging have to go Illustration: Henry Wong/SCMP
Outside a residential compound in the Longhua district in southern China s technology metropolis Shenzhen, home to some of the country s most advanced companies, a quiet revolution is unfolding.
A green, giant recycling bin outside the delivery room of the compound receives discarded cartons, plastic wrappings and packaging of nearly 1,000 parcels on an average day. Operated by Cainiao, the logistics arm of Alibaba Group Holding, the recycle bin and the delivery room are among 80,000 established since 2017 across China to spearhead Cainiao s campaign to reduce, reuse and recycle packaging in the world s largest e-commerce market.
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Bring your own food container, or let Hong Kong drown under waste that could fill 48 IFC buildings The volume of single-use packaging waste generated from takeaway meals has skyrocketed. Photo: AFP
Having doubled during the coronavirus pandemic, Hong Kong s appetite for takeaway meals has produced more disposable packaging waste than the city is equipped to deal with.
The city s culture of convenience has made consumers no stranger to dining on-the-go. Even before the pandemic, each Hongkonger ordered an estimated average of 170 takeaway meals and 180 to-go drinks every year.
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What would happen if online deliveries from China’s tech giants stopped overnight? This city offers a glimpse Yujie Xue yujie.xue@scmp.com Volunteers check orders of daily necessity goods at a supermarket according to requests from residents in quarantine in Tonghua, northeast China s Jilin Province, Jan. 24, 2021. Photo: Xinhua/Xu Chang
A humanitarian crisis of sorts took place in a Chinese town last week after the local authority imposed draconian measures to lock down 300,000 residents to contain an outbreak of Covid-19.