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SME Business Issues

Alibaba Is Taking On Alexa, Google Home, DingDong and Little Fish with New Smart Speaker

In its latest effort to keep up with its American big brother Amazon, Alibaba has announced the debut of its own smart home speaker. With this addition, each of the Frightful Five will have its own voice-controlled speaker:  Amazon with its Echo family of devices; Google with the Home speaker; Apple with its new HomePod; Microsoft with the Cortana-powered Invoke ... Read More »

Alibaba to Bring US Businesses Online to China

Riding on the coattails of its first annual conference in Detroit aimed at connecting U.S. businesses with Chinese consumers, Alibaba Group has launched a new website to support the effort. Dubbed the Taobao Global U.S. Merchants Network, the company said it will provide small and medium-size businesses in the U.S. with access to more than 500 million consumers that are ... Read More »

Why Amazon’s Growth in Small Business Lending Threatens the Banking System

Amazon could strangle the competition in small business finance, but also all other third parties who are part of traditional supply chains. Amazon has recently announced that it had surpassed $1 billion in small-business loans to more than 20,000 merchants involved in its Amazon Marketplace in the U.S. UK, and Japan during the past year. In fact, since Amazon Lending began in 2011, it ... Read More »

Publicis Groupe and Alibaba Strike Partnership

Publicis Groupe and Alibaba Group have struck a partnership to create a new Uni Desk, which is part of Uni Marketing, Alibaba’s data-powered marketing framework. The collaboration will look to benefit clients of Publicis Media, Publicis Communications and Publicis.Sapient. According to the agency, the move also reinforces its commitment to leadership in digital, data and technology. The partnership will focus ... Read More »

Tracking Changes in Small Business Risk Profiles Challenges Lenders

LexisNexis Risk Solutions launches LexisNexis® Small Business Monitoring that checks for targeted, material changes and updates  LexisNexis® Risk Solutions has identified a growing trend among lenders that serve small businesses—namely, the difficulty of tracking changes in the status of their risk profile.  A suite of products, including Small Business Monitoring, assists lenders with client account management by monitoring for changes in ... Read More »

Country Risk Climate: Experian – Moody’s Report Indicates Credit Conditions for Small Business are Looking Up

Credit utilization rates expanded briskly in the first quarter of 2017. Taken with upside risk, which at the moment outweighs downside risk, credit conditions for small businesses are looking up. Rates of severe delinquency are declining broadly, and credit constraints should ease as a result. However, balance growth is threatened by the lack of clarity regarding fiscal policies. Small-business credit ... Read More »

Hyperwallet Partners Up With SoftBank for Asia-Pacific Region Expansion

Small businesses and freelancers just got a boost in the Asia-Pacific region. Global payouts provider Hyperwallet just announced its partnership with Japan-based SoftBank Payment Service (SBPS). Through this effort, Hyperwallet’s ancillary office in Japan will help to expedite the payout process and options for those in the area. With SBPS’s functionality incorporated into the Hyperwallet system, clients doing transactions in ... Read More »

B20 Policy Recommendations: Shaping an Interconnected World

On May 3rd, 2017, the B20 has officially handed over its Policy Recommendations to German Chancellor Angela Merkel at the B20 Summit in Berlin. The recommendations are the product of a yearlong process of our seven Taskforces and Cross-thematic Groups, which comprise over 700 members from all G20 economies with BIIA being part of it. Developed under the theme “Building ... Read More »

Cybersecurity Breaches Cost UK Businesses Close To £30bn Last Year

New research published by Beaming, a business ISP, reveals that more than half (52 percent) of British businesses fell victim to some form of cyber-crime in 2016.  Beaming’s study, which was conducted by researchers at Opinium, indicates that 2.9 million UK firms suffered cyber-security breaches nationwide last year, at a cost of £29.1 billion. Computer viruses and phishing attacks were the most ... Read More »

Why SMEs Need Cyber Insurance

Almost three-quarters of small and medium-sized businesses have suffered a security breach, and a report from the Federation of Small Business (FSB) says cybercrime targeting small and medium-sized businesses costs the UK an estimated £5.26bn a year.  The report also notes that it costs small businesses disproportionately more than big businesses, when adjusted for organisational size. Mike Cherry, National Chairman of the ... Read More »

US Risk Climate: Small Business Owners Remain Optimistic

A surge in small business optimism that started last November was continued in March, according to the National Federation of Independent Business’ (NFIB) Small Business Optimism Index. Though the index slipped slightly, it still posted a strong reading, with gains in actual earnings, capital expenditure plans and job-creation plans. Sales expectations, however, dropped eight points, signaling that the index could ... Read More »

Cyber Insurance: 7 Questions to Ask

Cyber insurance is a growing field putting business and security leaders to the test as they navigate the often tricky process of researching and purchasing policies. Technology is quickly changing, and so is risk.  Insurance for cyber-security is different from other types of insurance because the nature of threats is constantly changing. A hurricane doesn’t change intensity because a building ... Read More »

B20 SME Policy Paper

BIIA participated in the B20 SME Taskforce which concluded its work last year under the leadership of the B20 China.  The B20 leadership transferred to Germany last year and decided to continue to work on SME issues under a new banner called SME Cross-Thematic Group in which BIIA also participated. The B20 Cross-Thematic Group has published the B20 SMEs policy ... Read More »

PICO Launches One-stop O2O Exhibitor Service Platform allows Easy, Economical and Efficient Sourcing

Pico Far East Holdings Limited is pleased to announce that its disruptive strategic platform has just launched its second initiative – E3 (Easy. Events. Exhibition), a one-stop O2O exhibitor service platform dedicated for SME exhibitors. The recently-released Annual Report on China’s Exhibition Economy shows that the exhibition industry in China will continue to enjoy steady growth. Trade shows and exhibitions are major avenues ... Read More »