loyukfai
Joined 8 years ago
Joined 8 years ago
Octopus takes an 1.5% cut, I'm not sure if it applies to the founding transport companies but I assume the money will flow back to them anyway.
Recently, some transport services started incorporating Chinese e-wallets like Alipay and WeChat Pay which utilizes QR codes, and the agony of seeing people (mainly Chinese tourists) repeatedly scan and fail at the gates blocking the whole queue during rush hours is quite depressing after years of smooth access.
Cheers.
Not sure about the details though. Hope someone knowledge can chime in.
The decline of globalisation is due to, IMO, risk aversion of having too much of your supply chain, especially for essential and/or not easily replaceable merchandise, tied to an antagonistic or potentially antagonistic partner.
In other words, some of these "other" costs have become too high to just buy certain things somewhere else and call it day.
Doing business in China ain't as independent as you think, am afraid.