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Grimsby at a 1977 by`election. Now on BBC News, all the latest business | :00:00. | :00:14. | |
news live from Singapore. China's version of Twitter, Weibo, is set to | :00:15. | :00:22. | |
make its US trading debut. Following a recent sell`off in technology | :00:23. | :00:26. | |
stocks, how will it fare? Thousands of Chinese factory workers continued | :00:27. | :00:29. | |
to strike, amid growing labour unrest. They do very much for | :00:30. | :00:38. | |
watching. Asia business reports, roared casting to viewers around the | :00:39. | :00:43. | |
world. We start off with Chinese microblogging site Weibo. Dubbed | :00:44. | :00:52. | |
China's Twitter, it is set to launch in the US later today. But's share | :00:53. | :00:58. | |
price soared when it first listed, but given the fate recently of | :00:59. | :01:02. | |
technology stocks, will Weibo follow in its footsteps. I asked for our | :01:03. | :01:07. | |
correspondent's take investor sentiment. Tech stocks have been | :01:08. | :01:17. | |
falling, because people are aware of the Chinese comedies and afraid of | :01:18. | :01:23. | |
that. Will investors want to make a bet on Weibo, when the company lost | :01:24. | :01:29. | |
considerable amounts in the first quarter? After their earnings, it is | :01:30. | :01:38. | |
just about $4 million. Investors will buy it not because of current | :01:39. | :01:44. | |
earnings but future monetisation potential. And what is the future | :01:45. | :01:49. | |
monetisation potential of Weibo? It is one of the most important sorts | :01:50. | :02:00. | |
sources of information dissemination in China. After MH 370, it has | :02:01. | :02:06. | |
generated considerable traffic. They have some missteps in the past, in | :02:07. | :02:16. | |
their strategy, but partnering with Ali Barba, and plans to monetise the | :02:17. | :02:28. | |
platform show positive steps. Google loses money following disappointing | :02:29. | :02:34. | |
earnings results. It posted a net income of 3.5 Ely in dollars for the | :02:35. | :02:40. | |
three months ending in March. Revenues were below estimates due to | :02:41. | :02:42. | |
slower growth in its core advertising business. IBM stock also | :02:43. | :02:50. | |
crumbled, falling due to worse than expected sales numbers. `` three $.5 | :02:51. | :02:57. | |
billion. In the first quarter, it was slower than expected. More | :02:58. | :03:03. | |
companies have been moving to use cloud computing services. And one of | :03:04. | :03:09. | |
the better performers was Coca`Cola, shares jumped by more than 4% during | :03:10. | :03:15. | |
strong sales growth in China and other emerging markets. The world's | :03:16. | :03:19. | |
largest beverage maker posted revenues of $10.6 billion for the | :03:20. | :03:24. | |
first quarter. That beats analyst estimates. They have invested in | :03:25. | :03:29. | |
healthier products such as fruit juice to help offset slower sales | :03:30. | :03:36. | |
and market such as the US. Chinese technology giant handset is set to | :03:37. | :03:42. | |
launch a local version of popular mobile game Candy Crush. It requires | :03:43. | :03:47. | |
players to line up colourful candy, and it is hoped the new version will | :03:48. | :03:55. | |
draw in millions of new users. The company which owns Candy Crush has | :03:56. | :03:59. | |
seen sales flagged in the US and Europe. A big jump in first`quarter | :04:00. | :04:08. | |
profits are expected for ZTE, one of the world's largest technology | :04:09. | :04:12. | |
companies. Ayr mobile phones and technology equipment, and have | :04:13. | :04:15. | |
recently changed their business strategy after posting a big loss. | :04:16. | :04:20. | |
`` they make mobile phones and technology equipment. Making cheap | :04:21. | :04:26. | |
and cheerful products. ZTE was one of many Chinese companies to take | :04:27. | :04:30. | |
this tried and true route to success. That strategy has made the | :04:31. | :04:37. | |
company won of the world's top five manufacturers of telecommunications | :04:38. | :04:44. | |
equipment. `` one of. But in the competitive world of technology, | :04:45. | :04:48. | |
business models which have worked for years sometimes come quickly | :04:49. | :04:52. | |
obsolete. Wake`up call came in 2012, when ZTE its first ever annual | :04:53. | :04:58. | |
loss. It offered low prices in order to expand and win market share, | :04:59. | :05:04. | |
which was no longer making money. Since then, ZTE has focused on | :05:05. | :05:10. | |
offering higher and product and cutting back on products. They | :05:11. | :05:17. | |
reported a profit last year. It now boasts of filing more patents | :05:18. | :05:24. | |
globally than any other company. They will pore over their first | :05:25. | :05:32. | |
quarter earnings to see whether the new strategy is successful. It has | :05:33. | :05:42. | |
led to a decline in overall revenue. Potentially a worrying trend that | :05:43. | :05:49. | |
investors are watching closely. Labour Day spirits pop up readily in | :05:50. | :05:54. | |
China. `` labour disputes. But one strike is a attracting attention | :05:55. | :06:05. | |
because of its size. A minority have also been involved in vocal | :06:06. | :06:11. | |
protest. Our correspondent, Celia Hatton, reports. We are just outside | :06:12. | :06:17. | |
the gates of one of the world's largest shoe factories. They | :06:18. | :06:22. | |
assemble sneakers for some of the top local Rands. `` global brands. | :06:23. | :06:28. | |
The factory is quiet, as the workers at are all outside. They have been | :06:29. | :06:32. | |
processing for days, demanding unpaid social security efforts. They | :06:33. | :06:38. | |
are furious. They will not leave the site until the company and the | :06:39. | :06:41. | |
government pay them the benefits they deserve. TRANSLATION: Our goal | :06:42. | :06:47. | |
is for them to pay us the 11% social security benefits the law requires. | :06:48. | :06:54. | |
We also want them to compensate us for underpaid efforts and overtime. | :06:55. | :07:00. | |
Strikers marched through the streets, shouting their demands on | :07:01. | :07:06. | |
Monday, until they clashed with restless riot police. Dozens of | :07:07. | :07:08. | |
workers were injured, some seriously. This woman is begging for | :07:09. | :07:15. | |
donations to pave her husband 's hospital bills. `` pay. He was so | :07:16. | :07:22. | |
badly wounded on Monday that he cannot speak. Still, the violence | :07:23. | :07:26. | |
has done little to scare away the workers. TRANSLATION: Until they | :07:27. | :07:32. | |
give us compensation, we will not leave. If we have today here, we | :07:33. | :07:37. | |
will. The manufacturer is offering to pay full benefits by 2015. But | :07:38. | :07:43. | |
the workers say that is not enough to end the strike. As long as the | :07:44. | :07:47. | |
stand outside the factory gates, police were weightier too. How many | :07:48. | :07:53. | |
jobs have you had since you left school? `` police will be there too. | :07:54. | :08:01. | |
According to a new report, millennial 's will be changing jobs | :08:02. | :08:05. | |
more than previous generations. They expect to work for 13 different | :08:06. | :08:07. | |
employers throughout their career. An average of three years per job. | :08:08. | :08:13. | |
Strong growth in Asia means workers here are even less likely to stick | :08:14. | :08:18. | |
with current employers. We asked some current workers in Mumbai about | :08:19. | :08:22. | |
their future plans. Since I left school, this is my second job. I | :08:23. | :08:28. | |
have started a business of my own. I would want to go back to a job. | :08:29. | :08:35. | |
Again, there is a raise in salary. Stick with the same job. I would | :08:36. | :08:42. | |
want to change my job if there were no opportunities for growth. If you | :08:43. | :08:46. | |
are not learning anything knew, that is one reason you would change. I | :08:47. | :08:53. | |
spoke with a head of human resources for a firm in Asia and asked which | :08:54. | :09:00. | |
sectors are most affected by job hopping? Financial services, during | :09:01. | :09:08. | |
those as bonus seasons `` during bonus seasons, also sales in Asia as | :09:09. | :09:17. | |
well is digital market with emerging skills, regardless of what industry | :09:18. | :09:22. | |
you are in, everybody is a technology company in one way or | :09:23. | :09:27. | |
another. That is a high turnover, high demand area as well. Is it | :09:28. | :09:33. | |
advisable to move from job to job in this current economic environment? | :09:34. | :09:37. | |
It can be good as well as bad. As an employee, in your career, | :09:38. | :09:44. | |
professionally, on the upside, you can command a significant switching | :09:45. | :09:49. | |
premium to walk across the street to work for another company. How much | :09:50. | :09:54. | |
of a premium? Depending on who you are, anywhere from ten to 20%. | :09:55. | :10:01. | |
Compared with 2.5% annual pay increase. So significant economics | :10:02. | :10:07. | |
in terms of whether you choose to go to another company or pointed with | :10:08. | :10:13. | |
the same company for another year. That have a quick look at the | :10:14. | :10:17. | |
markets. As you see, mixed sentiment for markets, despite the US stocks | :10:18. | :10:22. | |
gaining overnight, as investors cheered earnings, economic data, and | :10:23. | :10:25. | |
announcements that interest rates will not rise even after the Fed | :10:26. | :10:29. | |
moves on its asset purchase programme. Thank you for investing | :10:30. | :10:37. | |
your time with us. Goodbye for now. The top stories this hour. Families | :10:38. | :10:40. | |
are continuing their agonising wait for news of all those still missing | :10:41. | :10:43. | |
after the South Korean ferry disaster. Ukrainian government | :10:44. | :10:48. | |
troops have clashed with pro`Russian groups in the east of the country, | :10:49. | :10:51. | |
as international peace talks are set to | :10:52. | :10:52. |