Date
15 December 2017

Industries

  • Foxconn is Landing.ai’s first strategic partner in a venture that will use artificial intelligence in a factory's quality control efforts. Photo: Reuters

    Foxconn joins venture to bring AI to factories

    Dec 15, 2017 9:24am
    Andrew Ng, co-founder of some of Alphabet Inc.-owned Google’s most prominent artificial intelligence projects, launched a new venture with iPhone assembler Foxconn to bring AI and so-called machine learning onto the factory floor, Reuters reports. Consumers...
  • Concerns are growing as hackers increasingly target the systems of utilities, factories and other types of critical infrastructure, Photo: Bloomberg

    Hackers halt plant operations in ‘watershed’ cyber attack

    Dec 15, 2017 9:11am
    Hackers recently invaded the safety system of a critical infrastructure facility in an attack that halted plant operations, Reuters reports, citing cyber investigators and the firm whose software was targeted. Cybersecurity service provider FireEye disclosed the...
  • US regulators apparently want to bring products and services involving financial innovation, such as bitcoin, under their purview. Photo: Bloomberg

    US panel urges regulators to monitor financial innovation risks

    Dec 15, 2017 8:59am
    A US regulatory panel called for watchdogs to closely monitor risks created by financial innovation, warning that “fintech” and virtual currencies such as bitcoin threaten to disrupt the traditional financial services industry. The comments from the...
  • Facebook is struggling to keep people spending time on the site and sees video as a possible answer. Photo: AFP

    Facebook to use its News Feed to push more videos to users

    Dec 15, 2017 8:45am
    Facebook Inc. said it will begin to promote videos more prominently inside its News Feed, leveraging the social network’s centerpiece product to build interest in episodic shows and compete more directly with YouTube, Reuters reports. Facebook,...
  • Shareholders of 21st Century Fox will receive 0.2745 Disney shares for each share held and will end up owning about a quarter of Disney. Photo: Reuters

    Disney to buy Fox film, TV units for US$52 bln in digital push

    Dec 15, 2017 8:37am
    Walt Disney Co. has struck a deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc. for US$52.4 billion in stock, giving the world’s largest entertainment company an arsenal of shows...
  • Activists rally in front of the Federal Communications Commission (FCC), which is chaired by Ajit Pai (inset), in Washington on Wednesday. The FCC on Thursday voted to repeal the net neutrality rules promulgated in 2015.  Photos: Reuters/Bloomberg

    Lawsuits poised after US regulators ditch net neutrality rules

    Dec 15, 2017 8:23am
    The US Federal Communications Commission voted to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape. The approval of...
  • Founded in 2014, Supermonkey offers automated and staffless gym rooms that look like shipping containers (inset). The gymboxes operate 24X7. Photos: Supermonkey/Internet

    China self-service gymbox operator said to raise US$30 mln

    Dec 14, 2017 6:08pm
    Supermonkey, a self-service fitness gymbox operator in China, is believed to have raised at least US$30 million (around HK$234 million) in series C funding in a recent transaction. The investment was led by Jiansheng Sports Fund,...
  • After being off the air for more than one and half years, Hong Kong's oldest TV broadcaster ATV wants to step back into the game through an internet-based video service.

    Can ATV make a successful return with OTT service?

    - Dec 14, 2017 1:07pm
    There’s life yet in Asia Television (ATV), or so it seems. More than a year and half after going off air amid various problems, the Hong Kong-based media company is planning a second coming through the launch...
  • As online shopping festivals become big events, traditional retailers have no choice but to follow. Photo: China Daily.

    Online retail boom brings more shopping festivals

    - Dec 14, 2017 11:00am
    Alipay, the mobile payments unit of China’s Ant Financial Services Group, launched a major shopping event on Dec. 12, called the “Double 12” International Festival. More than 10,000 shops in Hong Kong and Macau are participating...
  • Former Rutgers University student Paras Jha (left)  leaves the courthouse after his hearing in Trenton, New Jersey, on Wednesday. Photo: Reuters

    Three US men plead guilty to crimes tied to 2016 botnet attacks

    Dec 14, 2017 10:03am
    A former Rutgers University student and two other men pleaded guilty to computer crimes related to the creation, sale and use of the Mirai botnet, a network of infected electronics equipment used to knock major websites...
  • Google's research center is the first of its kind in Asia and will comprise a small team operating out of its existing office in Beijing. Photo: AFP

    Google to open artificial intelligence center in China

    Dec 14, 2017 10:00am
    Alphabet Inc.’s Google said it is opening an artificial intelligence (AI) research center in China to target the country’s local talent, even as the US search firm’s products remain blocked in the country, Reuters reports. Google...
  • As investors pile into bitcoin amid a speculative frenzy, it is putting the systems of trading platforms under severe test. Photo: Reuters

    Bitcoin mania puts exchanges under severe strain

    Dec 14, 2017 9:51am
    As bitcoin mania continues, taking the virtual currency to new peaks, a huge spike in investor activity is putting stress on trading platforms and giving rise to various problems including hacker attacks. On Tuesday, one of...
  • Twenty-First Century Fox Inc. assets that will be sold to Disney include the 20th Century Fox movie and TV studio, cable networks and international operations. Photo: Bloomberg

    Disney deal set to value Fox at more than US$75 billion: report

    Dec 14, 2017 9:47am
    Walt Disney Co.’s deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc. will value the latter at over US$40 per share, or US$75 billion, Reuters reports, citing a person familiar...
  • China is expected to see a further huge surge in online retail in the coming years. Image: Savills Research, Goldman Sachs Global Investment Research

    O2O blurs the lines of digital and physical retail

    - Dec 14, 2017 9:30am
    China’s retail market has been beset by a number of challenges over the last five years — an anti-corruption campaign, economic slowdown, overseas purchasing, and retail oversupply. The biggest influence on the retail market, however, has...
  • Western pop stars such as Katy Perry (left) and Rihanna use Tencent's music platforms to sell music in China. Photos: AFP

    Tencent expected to raise US$1 billion in music unit’s IPO

    Dec 14, 2017 9:22am
    Tencent Holdings Ltd. (00700.HK) is expected to raise at least US$1 billion from an initial public offering of its music division, valuing it at US$10 billion, Bloomberg reports, citing people familiar with the matter. There is...
  • Under a proposed French law, minors seeking to open social media accounts will need to tick a box to confirm that approval from parents or rightful guardians had been obtained. Photo: Reuters

    France plans age-of-consent rule for Facebook users

    Dec 14, 2017 9:09am
    France has unveiled draft legislation that will require all French children under the age of 16 to seek parental approval to open an account on Facebook or any other social media network. “Joining Facebook will involve...
  • Chinese authorities appear to be tightening their policy stance on property developers. Photo: chinanews.com

    A-share listing door seems to be closed for Chinese developers

    - Dec 13, 2017 4:07pm
    Just when the prospect of Chinese developers raising funds through the domestic equity market seemed to be getting brighter, things took a nasty turn suddenly. Major developer Country Garden (02007.HK) announced on Monday that it has...
  • Shazam can prove useful for Apple as the former has several strengths, including AR capabilities. Photo: Bloomberg

    Apple may be eyeing AR boost from Shazam deal

    - Dec 13, 2017 1:36pm
    As Apple strives to boost iPhone X production in China to meet strong global demand for its latest flagship smartphone, the tech giant is also focusing on another important element in its business: Apple Music. Signaling...
  • The car-sharing service, which will be run for a decade by BlueSG, is a part of Singapore’s plans to reduce the number of vehicles on its roads and encourage the use of public transport. Photo: Reuters

    Singapore’s electric car-sharing program hits the road

    Dec 13, 2017 1:24pm
    Singapore launched its first large-scale electric car-sharing program through which the land-scarce city state hopes to provide commuters with more transport options and steer them away from the need to buy their own cars, Reuters reports....
  • LeEco founder Jia Yueting had his name and ID number splashed on China’s defaulter website. Photo: Reuters

    Founder of China’s embattled LeEco placed on debt blacklist

    Dec 13, 2017 1:10pm
    The high-profile founder of struggling Chinese tech conglomerate LeEco has been placed on an official blacklist of debt defaulters, a further blow to a firm that had spent heavily to compete in areas from smart cars...

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