17/04/2014 Asia Business Report

Grimsby at a 1977 by`election. Now on BBC News, all the latest business

news live from Singapore. China's version of Twitter, Weibo, is set to

make its US trading debut. Following a recent sell`off in technology

stocks, how will it fare? Thousands of Chinese factory workers continued

to strike, amid growing labour unrest. They do very much for

watching. Asia business reports, roared casting to viewers around the

world. We start off with Chinese microblogging site Weibo. Dubbed

China's Twitter, it is set to launch in the US later today. But's share

price soared when it first listed, but given the fate recently of

technology stocks, will Weibo follow in its footsteps. I asked for our

correspondent's take investor sentiment. Tech stocks have been

falling, because people are aware of the Chinese comedies and afraid of

that. Will investors want to make a bet on Weibo, when the company lost

considerable amounts in the first quarter? After their earnings, it is

just about $4 million. Investors will buy it not because of current

earnings but future monetisation potential. And what is the future

monetisation potential of Weibo? It is one of the most important sorts

sources of information dissemination in China. After MH 370, it has

generated considerable traffic. They have some missteps in the past, in

their strategy, but partnering with Ali Barba, and plans to monetise the

platform show positive steps. Google loses money following disappointing

earnings results. It posted a net income of 3.5 Ely in dollars for the

three months ending in March. Revenues were below estimates due to

slower growth in its core advertising business. IBM stock also

crumbled, falling due to worse than expected sales numbers. `` three $.5

billion. In the first quarter, it was slower than expected. More

companies have been moving to use cloud computing services. And one of

the better performers was Coca`Cola, shares jumped by more than 4% during

strong sales growth in China and other emerging markets. The world's

largest beverage maker posted revenues of $10.6 billion for the

first quarter. That beats analyst estimates. They have invested in

healthier products such as fruit juice to help offset slower sales

and market such as the US. Chinese technology giant handset is set to

launch a local version of popular mobile game Candy Crush. It requires

players to line up colourful candy, and it is hoped the new version will

draw in millions of new users. The company which owns Candy Crush has

seen sales flagged in the US and Europe. A big jump in first`quarter

profits are expected for ZTE, one of the world's largest technology

companies. Ayr mobile phones and technology equipment, and have

recently changed their business strategy after posting a big loss.

`` they make mobile phones and technology equipment. Making cheap

and cheerful products. ZTE was one of many Chinese companies to take

this tried and true route to success. That strategy has made the

company won of the world's top five manufacturers of telecommunications

equipment. `` one of. But in the competitive world of technology,

business models which have worked for years sometimes come quickly

obsolete. Wake`up call came in 2012, when ZTE its first ever annual

loss. It offered low prices in order to expand and win market share,

which was no longer making money. Since then, ZTE has focused on

offering higher and product and cutting back on products. They

reported a profit last year. It now boasts of filing more patents

globally than any other company. They will pore over their first

quarter earnings to see whether the new strategy is successful. It has

led to a decline in overall revenue. Potentially a worrying trend that

investors are watching closely. Labour Day spirits pop up readily in

China. `` labour disputes. But one strike is a attracting attention

because of its size. A minority have also been involved in vocal

protest. Our correspondent, Celia Hatton, reports. We are just outside

the gates of one of the world's largest shoe factories. They

assemble sneakers for some of the top local Rands. `` global brands.

The factory is quiet, as the workers at are all outside. They have been

processing for days, demanding unpaid social security efforts. They

are furious. They will not leave the site until the company and the

government pay them the benefits they deserve. TRANSLATION: Our goal

is for them to pay us the 11% social security benefits the law requires.

We also want them to compensate us for underpaid efforts and overtime.

Strikers marched through the streets, shouting their demands on

Monday, until they clashed with restless riot police. Dozens of

workers were injured, some seriously. This woman is begging for

donations to pave her husband 's hospital bills. `` pay. He was so

badly wounded on Monday that he cannot speak. Still, the violence

has done little to scare away the workers. TRANSLATION: Until they

give us compensation, we will not leave. If we have today here, we

will. The manufacturer is offering to pay full benefits by 2015. But

the workers say that is not enough to end the strike. As long as the

stand outside the factory gates, police were weightier too. How many

jobs have you had since you left school? `` police will be there too.

According to a new report, millennial 's will be changing jobs

more than previous generations. They expect to work for 13 different

employers throughout their career. An average of three years per job.

Strong growth in Asia means workers here are even less likely to stick

with current employers. We asked some current workers in Mumbai about

their future plans. Since I left school, this is my second job. I

have started a business of my own. I would want to go back to a job.

Again, there is a raise in salary. Stick with the same job. I would

want to change my job if there were no opportunities for growth. If you

are not learning anything knew, that is one reason you would change. I

spoke with a head of human resources for a firm in Asia and asked which

sectors are most affected by job hopping? Financial services, during

those as bonus seasons `` during bonus seasons, also sales in Asia as

well is digital market with emerging skills, regardless of what industry

you are in, everybody is a technology company in one way or

another. That is a high turnover, high demand area as well. Is it

advisable to move from job to job in this current economic environment?

It can be good as well as bad. As an employee, in your career,

professionally, on the upside, you can command a significant switching

premium to walk across the street to work for another company. How much

of a premium? Depending on who you are, anywhere from ten to 20%.

Compared with 2.5% annual pay increase. So significant economics

in terms of whether you choose to go to another company or pointed with

the same company for another year. That have a quick look at the

markets. As you see, mixed sentiment for markets, despite the US stocks

gaining overnight, as investors cheered earnings, economic data, and

announcements that interest rates will not rise even after the Fed

moves on its asset purchase programme. Thank you for investing

your time with us. Goodbye for now. The top stories this hour. Families

are continuing their agonising wait for news of all those still missing

after the South Korean ferry disaster. Ukrainian government

troops have clashed with pro`Russian groups in the east of the country,

as international peace talks are set to