Date
16 August 2018

BUSINESS

  • After being on a scorching growth path for many years, Chinese internet giant Tencent Holdings is currently finding itself in a somewhat difficult position as Beijing authorities tighten their oversight on the online games industry. Early...
  • China said it will hold a fresh round of trade talks with the United States in Washington later this month, offering a glimmer of hope for progress in resolving a conflict that has set world markets...
  • A lot seems to be going on in Hong Kong’s telecom industry lately. Hutchison Telecommunications Hong Kong Holdings Limited( 00215.HK) and Hong Kong Telecom (06823.HK) both announced changes at the senior executive level earlier this month....
  • 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...
  • 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 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 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...
  • 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...
  • 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....
  • 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...

WORLD

  • More than 300 US newspapers have pledged to run editorials on Thursday defending freedom of the press in response to President Donald Trump calling some media organizations enemies of the American people, Reuters reports. The Boston...
  • China said it will hold a fresh round of trade talks with the United States in Washington later this month, offering a glimmer of hope for progress in resolving a conflict that has set world markets...
  •   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...
  • 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...
  • 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...

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