Date
16 August 2018

BUSINESS

  • FunNow executives pose for a group picture. The Taipei-based instant booking app for entertainment and leisure activities currently has 500,000 registered members. Photo: FunNow

    Taiwan’s FunNow to expand in SE Asia, Japan after new funding

    - Aug 16, 2018 11:16am
    FunNow, a Taiwan-based startup that offers instant booking services for entertainment and leisure activities, has completed a US$5 million (around HK$39 million) series A funding round as it seeks to enter new markets in Asia. The latest funding...
  • Lenovo reported a net profit of US$77 million for the three months to June, compared with a loss of US$72.3 million in the same period a year earlier. Photo: Reuters

    Lenovo swings to forecast-beating profit

    Aug 16, 2018 9:38am
    Chinese PC maker Lenovo Group swung to a profit and beat estimates in the three months to June, helped by a sharp jump in revenue. Net profit came in at US$77 million for the fiscal first quarter, compared...
  • Uber has cut its losses after retreating from some markets, but still has a long way to go on the path to profitability. Photo: Bloomberg

    Uber narrows loss but still far from profit

    Aug 16, 2018 9:22am
    Uber Technologies, the ride-hailing services firm which aims to go public next year, narrowed its quarterly losses from a year earlier, but appears to be still a long way from turning a profit. The San Francisco-based firm...
  • Google's transparency report now has a section showing who buys US election ads on its platform and how much money is spent on political advertising. Photo: AFP

    Google provides data on US political advertising

    Aug 16, 2018 9:07am
    Google said it has added a section to its twice-yearly transparency report to show who buys US election ads on its platform and how much money is spent on political advertising, Reuters reports. The move follows...
  • The complaint said the mobile service provider was tricked into transferring a subscriber’s phone number to a SIM card controlled by someone else. Photo: Reuters

    US investor sues AT&T for US$224 mln over cryptocurrency loss

    Aug 16, 2018 8:49am
    US entrepreneur and cryptocurrency investor Michael Terpin filed a US$224 million lawsuit against a telecommunications company, accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account, Reuters...
  • Tesla investors have been on a roller-coaster ride since CEO Elon Musk said last week that he was considering taking the company private. Photo: AFP

    SEC sends subpoenas to Tesla on going-private plan: report

    Aug 16, 2018 8:02am
    The US Securities and Exchange Commission has sent subpoenas to Tesla Inc. regarding chief executive Elon Musk’s plan to take the company private and his statement that funding was “secured”, Fox Business Network reports, citing sources....
  • Tencent could return to rapid revenue growth once it gains regulatory approval to start charging for its PlayerUnknown’s Battlegrounds video game in China. Photo: Internet

    Tencent in regulatory limbo as earnings decline

    Aug 16, 2018 7:37am
    Chinese technology giant Tencent Holdings Ltd. said it does not know when it may get approval to start charging for its most popular game, after reporting its first quarterly profit fall in nearly 13 years on...
  • Property agency boss Shih Wing-Ching is overseeing an effort to weed out the practice of fake home listings. Photo: HKEJ

    Why HK property agents are acting on fake market listings

    - Aug 15, 2018 4:56pm
    Shih Wing-Ching, chairman of Centaline Property Agency, has revealed that only 10,000 secondary home listings could be authentic, out of a total of 160,000 such listings in Hong Kong. That means only 6 percent of listings...
  • Qi Lu, Baidu’s former chief operating officer, will head the China unit of US startup incubator Y Combinator. Photo: Reuters

    US startup incubator names ex-Baidu executive as China unit head

    Aug 15, 2018 2:34pm
    US startup incubator Y Combinator said it is establishing a China unit, its first dedicated overseas office, which will be headed by Baidu Inc.’s former chief operating officer Qi Lu, Reuters reports. “China has been an...
  • According to figures from the China Photovoltaic Industry Association, US solar module production capacity fell from 1.5 gigawatts in 2011 to 1 GW last year as a result of bankruptcies. Photo: Bloomberg

    China lodges WTO complaint over US solar tariffs

    Aug 15, 2018 1:12pm
    China’s commerce ministry said a US decision to subsidize renewable energy firms and impose tariffs on imported products has seriously distorted the global market and harmed China’s interests, Reuters reports. China has lodged a complaint to...
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Startups

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WORLD

  • Changsheng Bio-technology has produced an additional batch of substandard DPT vaccines, raising the total to 499,800 doses. Photo: Reuters

    Changsheng made 500,000 substandard baby vaccines: Xinhua

    Aug 16, 2018 9:45am
      A Chinese drug company produced nearly 500,000 substandard vaccines for babies, roughly double an earlier estimate by authorities investigating a safety scandal, state news agency Xinhua reports. China’s drug regulator in July accused Changsheng Bio-technology...
  • Xuecheng, the abbot of the Longquan Temple and a delegate to the Chinese People's Political Consultative Conference, resigned as head of the Buddhist Association of China. Photo: Reuters

    Buddhist monk master quits amid sexual misconduct allegations

    Aug 15, 2018 1:49pm
    One of China’s highest-ranking Buddhist monks quit as the head of the country’s Buddhist association on Wednesday after facing a government investigation over accusations of sexual misconduct, Reuters reports. The abbot of Longquan Temple on the...
  • As a highly capital intensive sector without effective oversight, the civil aviation industry in China has been a breeding ground for power-abuse and corruption. Representational image: Reuters

    Why is China’s aviation industry so ridden with corruption?

    - Aug 15, 2018 12:24pm
    The Chinese Communist Party’s Shanghai commission for discipline inspection announced on August 6 that the chairman of the Shanghai Airport Authority, Wu Jianrong, has been suspended from office and placed under criminal investigation for suspected misconduct. As...
  • A data middle office allows for data collection and development procedures to be standardized, thereby enhancing data consistency. Photo: Xinhua

    Five benefits of setting up a data middle office

    - Aug 15, 2018 12:17pm
    Setting up a data middle office is an effective way for an organization to harness big data capability. Not only can it help tackle the issue of data isolation, it also facilities front-office innovations. The basic...
  • In 1898, the Qing Empire leased Qingdao in Shandong to the German Empire. Today, the city still retains quite a few buildings of German architecture. Photo: Internet

    What if we had been a German colony?

    - Aug 15, 2018 11:04am
    The topic of this article might sound unreal and hypothetical, but the truth is, Hong Kong did see a lot of activities of the Germans back in the 19th and the early 20th centuries. Some readers...
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Living

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Hong Kong

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