Posts tagged ‘Softbank’

16/06/2016

In China, One Nail House Doesn’t Get Hammered – China Real Time Report – WSJ

Standoffs between developers and property owners in China are usually grim affairs almost always ending the same way: demolition. One holdout in the southern city Shenzhen is scoring a rare–but perhaps mixed–victory after fending off the bulldozers for more than a dozen years.

Developer Shenzhen Xiafeilong Real Estate has given up knocking down a three-story building belonging to unidentified owners in the city’s Luohu district, according to state-owned China News Service.

Photographs online show the water-stained facade of the three-story building, juxtaposed against newer high-rise apartments that are more than 20-stories high.

Resistance by homeowners to development usually draws sympathy from ordinary Chinese, who often complain that local governments in their zeal for growth and revenues favor developers and ignore property rights. Holdouts like the Shenzhen building have become popular symbols of resistance, known as “nail houses”  because they stick out like nails from a flat surface, such as a razed construction site for example.

“The fact that the government decides you’re going to move and the price you’re going to accept as compensation results in nail houses. It’s a form of negotiation tactic, or sometimes, an act of civil disobedience,” said Michael Cole, a property market observer and founder of real estate website Mingtiandi.com.

Xiafeilong, the developer, couldn’t be reached for comment, nor could the owner or owners of the nail house, who weren’t identified in media reports or in a government statement on the matter.

The three-story building appears to be mostly for residential use, with a computer repair shop at a corner storefront, according to photos and media accounts. A female employee answering the phone at the computer repair shop said she wasn’t aware of any demolition plans or faced any pressure to move.

China News Service said the landlord and the developer spent years on legal battles after they couldn’t agree on compensation for the demolition in 2000.

Xiafeilong initially wanted to build a high-rise apartment and offered the owner an apartment in the new development as compensation, according to Shenzhen Business News. The owner demurred as he wanted cash compensation or another home in a nearby complex, the Shenzhen Business News said in a 2014 article.

In 2013, the space around the nail house became a car park for residents in the surrounding residential towers, China News Service said. The Shenzhen government’s Internet Information Office, in a posting on its official social media account, said the developer realized that the nail house “did not impact its main development, so it simply stopped asking.

”Unlike previous nail-house standoffs, support online was more mixed. Some praised the outcome. “This shows that Shenzhen is civilized, unlike other places,” said a web user on the comments section following pictures of the nail house hosted by Tencent Holdings.

Others, however, saw it as an example of the landlord’s bad timing or greed. Prices for apartments and land in Shenzhen have soared by more than 60% on a year-over-year basis in recent months.

“The nail-house owner has a heart which not content like a snake that wants to swallow an elephant,” said another web-user. “Why could other parties come to an agreement but not you?

”A hotpot restaurant owner in a nearby building said it’s a blow to the neighborhood. “It would be better to demolish the building and build something modern so that it can drive more economic development in the area. Right now it’s an eyesore,” said the shop owner, who declined to give his name.

The government’s Internet Information Office gave its own assessment, citing an unidentified–and perhaps fictitious–web user: “The owner of the nail-house weeps in the toilet.”

Source: In China, One Nail House Doesn’t Get Hammered – China Real Time Report – WSJ

19/01/2015

India’s New Pink Taxi Fleet for Women Offers Pepper Spray, Panic Buttons – India Real Time – WSJ

One of India’s largest taxi companies says it has a solution for women worried about their safety after the alleged rape by an Uber driver: pink cabs with pepper spray.

Meru Cab chief executive Siddhartha Pahwa announced the new service–called Meru Eve– Friday from a dais decorated with daisies and gladioli.

“The incident last month forced all of us to think how we can make roads safer for women,” he said.

Its new line of taxis in Delhi will be driven by women . They will have pepper spray and panic buttons that immediately notify Meru if there is trouble.

There have been taxi services for women for years-such as ForShe Taxis and Sakha Cabs–but Meru Eve promises to take the concept to the next level. The service started in the capital region Friday with around 20 vehicles and may be rolled out in other cities later.

Meru worked with the Delhi police to equip the cabs and give the women drivers self-defense training to protect themselves and their passengers.

Meru’s Mr. Pahwa said that after the alleged rape of a female passenger by an Uber driver, Meru received calls from anxious passengers asking for female taxi drivers.

“This is an important step towards women’s empowerment,” said Tajender Singh Luthra, a joint commissioner of police in Delhi.

Meru’s regular drivers have always been given specific training on the appropriate ways to interact with women passengers. It says it has never had a complaint but decided to go further to make women passengers feel more safe.

“These drivers come from small towns and are not used to big city culture, like women smoking, wearing a short dress or travelling alone at night,” Mr. Pahwa said. “We train our drivers to avoid eye contact with women, maintain two feet of distance and not to adjust the rear view mirror to watch the passenger.”

The Meru Eve drivers will wear pink vests and drive white-and-pink hatchbacks.

One of the new drivers, 22-year-old Sarita Dixit, said that she expects her income to jump with demand for women drivers as more companies start women taxi services. Meru drivers typically earn between 20,000 and 30,000 rupees ($322 to $483) a month, which is more than she earned in her last job working as a chauffeur.

The new services will not only help empower women that can afford taxis but also woman looking for work, said Vimla Mehra, Delhi’s special police commissioner for administration.

“You don’t see many women professionals in India. Programs like this build confidence in women to earn a living. They become role models,” she said.

via India’s New Pink Taxi Fleet for Women Offers Pepper Spray, Panic Buttons – India Real Time – WSJ.

28/10/2014

Softbank invests $840M in India tech companies – Businessweek

Japanese telecommunications company Softbank Corp. is investing nearly $840 million in two technology companies in India, eyeing what it sees as a lucrative market for growth.
Embed from Getty Images

Softbank said Tuesday it is investing $627 million and becoming the biggest shareholder in Snapdeal, the largest digital marketplace in India with 25 million users and 50,000 businesses. It brings together products from thousands of big and small brands.

The Tokyo-based company, which recently acquired Sprint in the U.S., is also investing $210 million in Ola Cabs, which runs the technology to connect consumers with cab drivers in India.

Softbank executives said they were banking on India because it has a large number of Internet users, the online market is not yet saturated and connection speeds are likely to get faster.

via Softbank invests $840M in India tech companies – Businessweek.

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