Date
17 November 2018

Industries

  • By mid-2020, Hong Kong commuters will have the option to enter MTR stations by scanning a QR code on their smartphones via AlipayHK mobile app. Photos: AlipayHK, CNSA

    AlipayHK to launch QR code payment for MTR by mid-2020

    Nov 16, 2018 12:22pm
    Hong Kong’s MTR Corp. (00066.HK) is introducing QR code-based payments for travelling on the city’s railway and metro system, with AlipayHK selected as the service provider for an initial period. According to an agreement signed between...
  • Hong Kong has seen a surge in corporate share buyback activity amid a view that many stocks got oversold in recent months. Photo: Reuters

    Share buyback surge points to bottoming of HK equities

    - Nov 16, 2018 10:57am
    The Hang Seng Index has trended downward since hitting an all-time high at 33,484 on January 29. The benchmark is now more than 7,500 points, or 22 percent, off its peak. While market sentiment remains lackluster,...
  • Apple has inked a deal with a film studio as it seeks to bring in more original content for its users. Photo: Reuters

    Apple signs up film studio A24 for original productions: report

    Nov 16, 2018 9:33am
    Apple has inked a multi-year content deal with A24, the studio behind Oscar-winning projects “Moonlight” and “Amy”, Reuters reports, citing a source familiar with the matter. The partnership comes as the iPhone maker pushes deeper into...
  • Tesla has acquired trucking capacity to ensure Model 3 can be delivered in the United States by the end of the year if ordered by Nov. 30, CEO Elon Musk said. Photo: Reuters

    Tesla vows to deliver new Model 3 orders by year-end

    Nov 16, 2018 9:15am
    Tesla Inc. chief executive Elon Musk said Model 3s ordered in the United States by the end of this month will be delivered by Dec. 31, Reuters reports. “Tesla just acquired trucking capacity to ensure Model...
  • Ko Wen-je (L), mayor of Taipei, is seen in a video frame with VTuber Hoonie. As the virtual character gained popularity in Taiwan, it started appearing on TV programs and events in the real world. Photo: Oath

    ‘Virtual YouTuber’ Hoonie coming to Hong Kong

    - Nov 15, 2018 4:20pm
    Of late, we have seen a new wave of virtual talents making their presence felt in the online entertainment scene in the region. Called “virtual YouTubers,” or “VTubers”, the entertainers, represented by digital avatars that look...
  • Tencent plans to channel more resources into the so-called industrial internet to help Chinese enterprises upgrade themselves for a digital future. Photo: Bloomberg

    How Tencent is trying to protect its future

    - Nov 15, 2018 1:14pm
    Tencent has reported better-than-expected financial and operational results for the third quarter, prompting investors in the Chinese social media and gaming giant to heave a huge sigh of relief. Looking at the numbers, one can assume...
  • Rapid development of AI means greater challenges in risk control. Photo: China News

    Why AI needs to be paired with blockchain

    - Nov 15, 2018 12:08pm
    Failures of artificial intelligence have been widely reported. The reported cases might, in fact, be just the tip of an iceberg, with both regulators and customers struggling with AI’s uncontrollability. When AI makes mistakes, it’s hard...
  • Russell Street in Causeway Bay was transformed from a squalid, rat-infested neighborhood into a high-end shopping area when Wharf Holdings established Times Square in the early '90s. Photo: Bloomberg

    ‘Mouse Street’ is world’s most expensive retail location

    - Nov 15, 2018 11:19am
    Different generations of Hong Kong people probably have different impressions of Russell Street, which is known among locals as Mouse Street because it used to be a squalid neighborhood infested with rodents. Even in the ’60s, it...
  • Ride-hailing services giant Uber remains in the red as it continues to invest ahead of a planned 2019 IPO. Photo: Reuters

    Uber posts US$1 bln Q3 loss as bookings growth slows

    Nov 15, 2018 9:30am
    Uber Technologies posted a more than US$1 billion loss in the three months to September as the company continued to invest in new business segments such as freight and food delivery and electric bikes and scooters. ...
  • 5G networks are expected to be at least 100 times faster than current 4G networks and cut latency, or delays, to less than one-thousandth of a second from one-hundredth of a second in 4G. Photo: Bloomberg

    US launches its first high-band 5G spectrum auction

    Nov 15, 2018 9:21am
    The Federal Communications Commission on Wednesday launched the agency’s first high-band 5G spectrum auction as it works to clear space for next-generation faster networks, Reuters reports. Bidding started on Wednesday on the spectrum in the 28 GHz...
  • Levi Strauss & Co. is aiming to debut with a valuation of about US$5 billion, CNBC said. Photo: Bloomberg

    Levi Strauss seeks to raise up to US$800 million in IPO: report

    Nov 15, 2018 9:07am
    Levi Strauss & Co., the 145-year-old company that made the first pair of blue jeans, is planning an initial public offering, CNBC reports, citing sources familiar with the matter. The company, which plans to raise about...
  • Babytree founder and chairman Wang Huainan believes "the listing will bring us way more benefits than remaining as a private firm" regardless of the market's current weakness. Photo: Reuters

    Alibaba-backed Babytree trims size of Hong Kong IPO

    Nov 15, 2018 7:57am
    Alibaba-backed online parenting firm Babytree Group launched an initial public offering of up to US$281 million in Hong Kong on Wednesday, far below what the Chinese company had hoped to raise, as weak markets force firms...
  • Tencent shares, which more than doubled in 2017, have dropped by about a third so far this year. Photo: Bloomberg

    Tencent profit beats forecasts but gaming worries persist

    Nov 15, 2018 7:39am
    Tencent (00700.HK) posted third-quarter earnings that beat forecasts but gave no update on a regulatory block in China that has damaged its core gaming business, Reuters reports. Regulators have imposed tougher rules on the gaming industry,...
  • A survey finds that only one percent of customers feel that vendors consistently meet their expectations in terms of online experience. Photo: Reuters

    Technology helps replicate in-store customer experience online

    - Nov 14, 2018 4:51pm
    As an increasing number of consumers prefer to seek product information on the internet and do their shopping online, being able to deliver a good digital customer experience has become a key to business success. Meanwhile,...
  • Bank of East Asia chairman David Li said the family-run bank will put emphasis on financial technology investment and development. Photo: HKEJ

    Bank of East Asia sees fintech as way forward in next 100 years

    - Nov 14, 2018 3:04pm
    The Bank of East Asia (BEA), which is celebrating its 100th anniversary this year, has been a mainstay of the Hong Kong banking industry. Its development in the next 100 years will depend on financial technology...
  • A screen shows the value of goods being transacted at Alibaba Group's Singles' Day global shopping festival last Sunday. Apple was reportedly the top-selling brand in the mobile phone category. Photo: Reuters

    Apple gets some good news from China

    - Nov 14, 2018 1:22pm
    After a spate of negative reports recently, featuring topics such as rumored cuts in iPhone orders and fading luster in the Indian market, there is finally some good news for Apple. In China, Apple’s second largest...
  • Juul Labs will pull out popular flavors such as mango, cucumber and fruit from retail store shelves. Photo: Reuters

    Juul Labs to pull sweet e-cigarette flavors to curb youth use

    Nov 14, 2018 10:49am
    Juul Labs Inc., the US market leader for electronic cigarettes, said it will pull out popular flavors such as mango, cucumber and fruit from retail store shelves in an effort to reduce surging teenage use of...
  • Malaysian Prime Minister Mahathir Mohamad is seeking a “full refund” of the around US$600 million in fees Goldman Sachs earned from raising US$6.5 billion for the state fund 1Malaysia Development Bhd.  Photo: AFP

    Goldman Sachs bankers ‘cheated’ Malaysia over 1MDB: Mahathir

    Nov 14, 2018 10:09am
    Malaysian Prime Minister Mahathir Mohamad said bankers at Goldman Sachs Group Inc. “cheated” the country in dealings with state fund 1MDB and that US authorities have promised to help return the fees the Wall Street bank...
  • Snap’s Snapchat messaging app has struggled with user growth since the company's initial public offering in March 2017. Photo: Bloomberg

    Snap subpoenaed by US authorities over IPO disclosures

    Nov 14, 2018 10:06am
    The US Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc. for information about its March 2017 initial public offering, the social media app maker told Reuters. Snap said in a statement it has...
  • New York Governor Andrew Cuomo and city mayor Bill de Blasio speak during a news conference on Monday about Amazon's headquarters expansion to Long Island City. Photo: Reuters

    Amazon picks NYC, Washington DC area for new offices

    Nov 14, 2018 9:28am
    Amazon announced on Tuesday that it will build new offices in New York City and in an area just outside Washington, D.C., splitting its second headquarters, or HQ2, between the two locations. Branching out from its...

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