Date
21 March 2019

Industries

  • Henderson Land Development chairman and managing director Lee Shau-kee is flanked by sons Peter (right) and Martin. Photo: HKEJ

    Lee Shau-kee plans to retire, hand over reins to two sons

    Mar 21, 2019 2:35pm
    Property magnate Lee Shau-kee, 91, is considering stepping down from his posts as chairman and managing director of Henderson Land Development (00012.HK) for “being advanced in age”, the company said in a filing to the Hong...
  • Xiaomi has been unable to get enough units of its new Mi 9 smartphone onto the market due to supply chain issues. Photo: Reuters

    Xiaomi needs to improve its supply chain management

    - Mar 21, 2019 11:46am
    Xiaomi Corp has been struggling to get its act together in relation to supply of its newly-launched flagship Mi 9 smartphone. Unable to get enough devices onto the market, the firm was recently forced to backtrack...
  • Robert Kuok's Wilmar International has over 500 palm oil planting and manufacturing bases across 15 nations. Photo: Bloomberg/HKEJ

    Robert Kuok’s little-known big business: edible oil

    - Mar 21, 2019 11:05am
    Robert Kuok Hock Nien, an ethnic Chinese-Malaysian business magnate, controls nearly 10 listed companies including Kerry Properties (00683.HK), Kerry Logistics Network Ltd (00636.HK) and Shangri-La Asia Ltd (00069.HK). Lesser known is the fact that the tycoon...
  • AT&T chairman and CEO Randall Stephenson speaks during an Economic Club of Washington event in the US capital on Wednesday. Photo: Bloomberg

    Huawei accused of hindering firms from shifting suppliers for 5G

    Mar 21, 2019 9:16am
    China’s Huawei Technologies is making it very difficult for European carriers to drop the company from its supply chain for next-generation 5G wireless service, AT&T CEO Randall Stephenson said on Wednesday. “If you have deployed Huawei...
  • European Competition Commissioner Margrethe Vestager said Google abused its dominance to stop websites using brokers other than the AdSense platform. Photo: Reuters

    Google fined US$1.7 bln by EU for search ad blocks

    Mar 21, 2019 9:03am
    Alphabet Inc unit Google was fined 1.49 billion euros (US$1.7 billion), its third large European Union antitrust penalty in two years, Reuters reports. The European Commission, which said the fine amounted to 1.29 percent of Google’s...
  • MTR shares surged to a one-year high after the company suffered one of its worst accidents in four decades of operation. Photo: MTR Corp/Reuters

    The more MTR is slammed, the higher its shares climb

    - Mar 20, 2019 1:11pm
    Name a blue-chip company that has generated so much bad news in recent months yet has seen its shares continue to rise. MTR Corp (00066.HK), the teflon company. Its investors – don’t they read the papers...
  • Apple has launched the new versions of iPad mini (left) and iPad Air. Photo: Apple

    Apple unveils new iPad series in bid to stay competitive

    - Mar 20, 2019 10:58am
    Prior to a special event scheduled for March 25, Apple surprised the market on Tuesday with the launch of two updated versions of the iPad. The unveiling of the new iPad Air and iPad mini demonstrates...
  • Ride-hailing services firm Lyft is said to have drawn enthusiastic response from investors during the marketing road show for its IPO. Photo: Reuters

    Lyft IPO oversubscribed on road show’s second day: report

    Mar 20, 2019 9:11am
    Lyft’s initial public offering (IPO) has been oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the US$23 billion valuation it is seeking,...
  • Jade Raymond, head of Google's Stadia Games and Entertainment, speaks on stage in San Francisco on Tuesday during a keynote address announcing the new cloud gaming service, Stadia. Photo: Reuters

    Google announces Stadia cloud gaming service

    Mar 20, 2019 8:55am
    Google will launch this year a browser-based video game streaming service dubbed Stadia that will attempt to capitalize on the company’s cloud technology and global network of data centers, Reuters reports. The technology allows users to...
  • Facebook has faced allegations that its audience selection tools enabled advertisers to exclude specific demographics from seeing job postings and other opportunities. Photo: Reuters

    Facebook agrees to ad overhaul to settle US discrimination suits

    Mar 20, 2019 8:37am
    Facebook has agreed to change its paid advertising platform as part of a wide-ranging settlement to prevent discriminatory and “harmful” practices, Reuters reports, citing the company and US civil rights groups. Under the agreement, Facebook will...
  • Tencent, led by its founder and CEO Pony Ma, is reportedly scaling down the ranks of its mid-level managers. Photo: Bloomberg

    Tencent trimming middle management ranks: reports

    Mar 19, 2019 4:22pm
    Chinese social media and gaming giant Tencent Holdings (00700.HK) is shaking up its workforce amid slowing business growth, with about 10 percent of the managers put on notice for job cuts or demotion, reports say. Tencent President...
  • Facebook is transforming itself into a platform that is focused on messaging service. It could turn into a WeChat-like app outside of China. Photo: Reuters/Bloomberg

    Facebook can learn valuable lessons from WeChat

    - Mar 19, 2019 12:32pm
    Facebook is the world’s largest social media network, and aside from the Facebook platform, it controls some of the leading internet communication apps – WhatsApp, Instagram and Messenger. The company is facing increasing regulatory scrutiny over...
  • Online platforms have taken away a lot of business from the traditional travel agencies by offering more choice and convenience for customers. Photo: Bloomberg

    Internet technologies yet to reach full potential

    - Mar 19, 2019 10:06am
    Very few people go to traditional travel agencies to book tickets for their trips nowadays. Most people, instead, turn to online travel agencies. You can easily find out flights and hotel information online, as well comments...
  • China's financial regulators need to come up with clear-cut policies to promote the healthy growth of fintech industry, says online peer-to-peer (P2P) lender Dianrong. Photo: Reuters

    China online lender Dianrong blames govt for its woes

    Mar 19, 2019 9:28am
    Chinese online peer-to-peer (P2P) lending platform Dianrong, which is laying off staff and shutting stores, has blamed the government for its troubles, saying the absence of clear-cut policies is proving to be a heavy burden, Reuters...
  • Huawei is said to have made 5,405 patent applications to the World Intellectual Property Organization last year. Photo: Reuters

    Huawei leads Asian domination of UN patent applications in 2018

    Mar 19, 2019 9:14am
    China’s Huawei Technologies led the pack in Asia as the region accounted for more than half of the international patent applications at the World Intellectual Property Organization (WIPO) last year. Huawei made 5,405 patent applications to...
  • The Worldpay-FIS deal will create a powerhouse in banking and payments infrastructure industry. Photo: Reuters

    US fintech titan FIS buys payments firm Worldpay for US$35 bln

    Mar 19, 2019 9:04am
    US-based Fidelity National Information Services (FIS) has agreed to buy Worldpay for about US$35 billion, in the biggest deal to date in the fast-growing electronic payments industry, Reuters reports. “Scale matters in our rapidly changing industry,”...
  • Business setbacks and a falling share price prompted Tencent to embark on some initiatives last year to reinvigorate itself. Photo: Reuters

    Tencent tries to remake itself

    - Mar 19, 2019 7:58am
    China’s Tencent Holdings has been undergoing deep structural reform for the last five months or so, in what could be the internet giant’s biggest and toughest reform ever, according to a 16,000-word internal article. Tencent’s mobile...
  • Lyft will be pitching itself as a more focused bet on ride-hailing to differentiate itself from Uber, which has diversified to areas such as food delivery and freight hauling. Photo: Reuters

    Lyft to launch road show for up to US$2 bln IPO: report

    Mar 18, 2019 9:30am
    Ride-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, seeking to raise as much as US$2 billion at a valuation of more than US$20 billion, Reuters reports, citing people...
  • If the merger talks between Deutsche Bank and Commerzbank succeed, it will lead to creation of Europe’s third largest lender. Photo: Reuters

    Deutsche Bank, Commerzbank go public on merger talks

    Mar 18, 2019 9:20am
    Deutsche Bank and Commerzbank confirmed on Sunday that they are in talks about a merger, prompting labor union concerns about possible job losses, Reuters reports. Germany’s two largest banks issued short statements following separate meetings of their...
  • Following two deadly accidents in five months, Boeing is working on a software upgrade for its 737 MAX aircraft. Photo: Reuters

    Boeing says finalizing software upgrade for 737 Max

    Mar 18, 2019 9:05am
    Boeing said on Sunday that it is finalizing the development of a software upgrade and a revision of pilot training for its 737 MAX, the plane that has suffered two fatal crashes in the last five...

EJI Weekly Newsletter

Please click here to unsubscribe