8/14/2019 The age of asian innovation has begun.pdf

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The ageof Asianinnovationhas begun

business &technology updatesAsia crackstop50m ost W al- M art tops Fortuneinnovative 5 0 0For the first time since Bloomberg Business-Week began its annual Mo st InnovativeCom panies ranking in 20 05 , the majori tyof corporations in the Top 25 are based out-side the US. The reason: Asia. Apple rema innumber 1, closely followed by Google butin 7th is Korea's LG Electronics and 8th isChina's BYD,.the car manufacturer. In total15 of the top 50 are from Asia, while Chinahas seen the biggest rise with four firms inthe top 50 versus only one last year.

The top 10 f irms receiving the mostpatents in the US in 2009 were:Top Innovators:

Source: Bloomberg/Bus messweek

iPad overseas launchdelayedAPPLE IS DELAYING the international launchof its iPad by a month, because it is strug-gling to meet demand in the US. The firmsaid the decision to delay was dif f icult ,but necessary to meet higher than expect-ed demand for the device in the US, which itonly expects to grow as more devices reachconsum ers. So far, US consumers have onlybeen able to buy the 16GB, WiFi-only, ver-sion of the device for $499. I t plans to an-nounce pricing for global markets and openthe doors to pre-orders on May 10.

EXXON MOBIL has been knocked off inumber one spot as the US's largest company by revenue. Wal-Mart assumed the psition after showing a sizeable profit despithe downturn and the fall in oil prices bringing down the numbers for Exxon and otheoil companies.This year's list is packewith changes that ref lect and spotl ight thtrends reshaping corporate America. Thhomebuilders that occupied 14 places 2007 and three last year, including Centeand Pulte, have al l disappeared, casuaties of shrinking sales. No fewer than ninnewcomers from recession-resistant healcare joined in 2009, among them drugmaers Genzyme and Allergan. AT&T and Hkept up the technology space by stayinin the top 10. The col lapse in car salepushed General Motors from sixth to 15tplace, the f irst t ime in the l ist 's h istory thGM didn ' t make the top 1 0.

Facebook- lkea scam hits4 0, 00 0 victim sIN THE US, a scam Facebook page offeing the site's us ers a $1 ,00 0 Ikea gif t catook in nearly 40,000 vict ims in March. I tthe latest example of a new trend on thsocial-networking site as scammers - usal ly disreputable onl ine marketers tryinto earn revenue by generating Web traff- have flooded Facebook with these fakgif t card pages over the past months. similar $1,000 Ikea gif t card scam tooin more than 7 0,0 00 vict im s, and jus t laweek another scam Facebook page offeing a $5 00 Whole Foods gif t cert i ficate w awidely reported. Cases in Asia have yet be reported. El

iVIarket stats. W al-M art revenue for 20 0 9 - 4 0 8 billion com pared to second -placed Exxon M obil's 28 5billion * 5 0 0 , 0 0 0 P ads already sold in the US Cliina now has 38 4 m illion internet users butstiil oniy a third of the total p op ulation

8/14/2019 The age of asian innovation has begun.pdf

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