19 March 2018


  • A Google data center. The global search engine and cloud service giant announced last year that it plans to open a Google Cloud Platform (GCP) region in Hong Kong. Photo: Google

    HK needs to ramp up land supply to become a regional data hub

    - Mar 19, 2018 6:14pm
    Hong Kong government is keen to transform the city into a regional data hub. But scarce land supply is a major barrier. In 2013, Google was looking at building a cloud data center in Hong Kong....
  • The Consumer Council proposes that current holders of Hire Car Permits be allowed to provide transport service for passengers through mobile apps such as Uber. Photo: Bloomberg

    Opening up taxi market to more competition is the way to go

    - Mar 19, 2018 4:42pm
    On Thursday last week, hundreds of local taxi drivers drove to the government headquarters in Admiralty to protest against cab-hailing apps like Uber and demand tighter regulation of online car-hailing platforms in order to protect their...
  • If the government goes ahead with the planned vacancy tax, the city's powerful property developers are likely to put up a strong opposition. Photo: HKEJ

    How serious is Paul Chan about imposing tax on vacant flats?

    - Mar 19, 2018 3:34pm
    Financial Secretary Paul Chan Mo-po has hinted at the possibility of imposing a vacancy tax on property owners hoarding empty flats as part of efforts to address Hong Kong’s housing shortage. However, it is doubtful if...
  • Google said the program will give retailers a better chance to influence shoppers’ purchasing decisions and compete with rivals like Photo: AFP

    Google teams up with retailers to cash in on product searches

    Mar 19, 2018 1:52pm
    Alphabet Inc.’s Google routinely fields product queries from millions of shoppers. Now it wants to take a cut of their purchases, too. The US technology company is teaming up with retailers including Target Corp., Walmart Inc.,...
  • Passengers who cause trouble on flights, as well as those who use expired tickets or smoke on trains, are among the people facing restrictions under China's  social credit system. Photo: Reuters

    China to bar people with bad ‘social credit’ from planes, trains

    Mar 19, 2018 1:21pm
    China is set to launch its so-called social credit system on flights and trains to stop people with “bad scores” from taking such transport for up to a year. People who have committed misdeeds, such as...
  • Facebook insists the data was misused but not stolen because users gave permission. Photo: AFP

    Facebook facing probes over users’ data

    Mar 19, 2018 9:33am
    Facebook is facing several investigations following media reports that a political consultancy that worked on President Donald Trump’s campaign gained inappropriate access to more than 50 million Facebook users’ data, Reuters reports. The social media giant said on Sunday...
  • iQiyi plans to use about half of its US IPO proceeds to broaden and enhance its video content offering. Representative image: Bloomberg

    Baidu unit iQiyi launches US$2.4 bln IPO in US

    Mar 19, 2018 9:13am
    iQiyi, the video streaming service unit of Chinese search engine giant Baidu, has launched an initial public offering in New York worth up to US$2.4 billion. The company is offering 125 million American depositary shares in the...
  • Didi Chuxing, which holds more than 87 percent of the Chinese private ride-share market, is facing new challengers with several firms announcing plans to launch ride-hailing services. Photo: Reuters

    Didi unit seeks to raise US$1.6 bln via asset-backed securities

    Mar 19, 2018 8:32am
    A unit of Chinese ride-hailing firm Didi Chuxing has submitted an application to raise 10 billion yuan (US$1.6 billion) through an issuance of asset-backed securities, Reuters reports. Didi, which said in December it had raised US$4...
  • Hong Kong tycoon Li Ka-shing waves goodbye after announcing his retirement at a news conference on Friday. Photo: Reuters

    Li Ka-shing announces retirement, will stay on as senior adviser

    Mar 16, 2018 6:03pm
    Li Ka-shing, Hong Kong’s richest man, on Friday announced that he will step down as chairman of his business empire later this year but stay on as a senior adviser. He will be succeeded by his eldest...
  • Swire's redeveloped office properties in Quarry Bay are attracting some big foreign firms looking for a cheaper alternative to the Central district. Representative image: Bloomberg

    EY calls Quarry Bay its new home

    - Mar 16, 2018 5:18pm
    You don’t count as part of the Big Four unless you are in the core business district, right? Wrong!  Just take a look at Ernst & Young, the accounting and consulting giant that is set to have...
  • To achieve a democratic digital future, the world needs to change how it thinks about technology. Photo: Bloomberg

    Engineering a more responsible digital future

    - Mar 16, 2018 10:04am
      The world is being battered by technological disruption, as innovations such as big data analytics, artificial intelligence (AI), robotics, the Internet of Things, blockchain, 3D printing, and virtual reality change how societies and economies work....
  • Alibaba has seen its shares rise 86 percent over the past year and more than double since its initial public offering in New York in 2014. Photo: AFP

    Alibaba working on plan to list in China: WSJ

    Mar 16, 2018 9:45am
    Technology giant Alibaba Group Holding Ltd. is working on a plan to list on a stock exchange in its home market, China, the Wall Street Journal reports, citing people familiar with the matter. Currently, China doesn’t...
  • Amazon's Japanese unit has come under anti-monopoly investigation for the second time in two years. Photo: Reuters

    Amazon Japan again comes under antitrust scrutiny

    Mar 16, 2018 9:19am
    Amazon’s Japanese unit has come under antitrust scrutiny for the second time in two years, with the company’s office getting raided by investigators from the nation’s competition watchdog. Officials from the Fair Trade Commission (FTC), Japan’s...
  • The European Commission made the proposal following complaints by large EU states that  big tech firms are paying too little tax in the bloc by re-routing some of their profits to low-tax member states like Ireland and Luxembourg. Photo: Reuters

    EU set to hit big US tech firms with 3 percent turnover tax

    Mar 16, 2018 9:05am
    Large companies with significant digital revenues in the European Union such as Google and Facebook could face a 3 percent tax on their turnover under a draft proposal by the European Commission seen by Reuters. The...
  • Google and Facebook are working hard to partner with news publishers to build a sustainable revenue model that benefits the entire news industry. Photos: AFP/Reuters

    Google takes lead in driving traffic for news publishers

    - Mar 15, 2018 1:31pm
    Over the years, Facebook has gained a dominant position in the global internet market as users relied on the platform not only to keep in touch with families and friends but also to access the latest news...
  • Agricultural Bank of China plans to raise up to 100 billion yuan (US$15.85 billion) in the biggest-ever A-share private placement. Photo: Reuters

    China initiates multiple moves to boost banking system

    - Mar 15, 2018 12:46pm
    A number of events took place in the banking sector recently, and they all seem to be closely connected. First is the merger of the China Banking Regulatory Commission (CBRC) and China Insurance Regulatory Commission (CIRC),...
  • A picture shows Ofo bikes parked on a sidewalk in Shanghai. The Chinese bike-sharing startup has completed a new funding round led by Alibaba Group. Photo: Bloomberg

    Bike-sharing startup Ofo raises US$866 mln in new financing

    - Mar 15, 2018 10:51am
    Chinese bike-sharing startup Ofo announced on Tuesday that it has raised US$866 million in a so-called E2-1 round, setting another new financing record in the bike-sharing industry. The latest funding round, which includes equity and debt...
  • Institutional investors now represent a much bigger share of the stock market, and market liquidity is often ample, further reducing the possibility of spotting underpriced counters. Photo: Reuters

    How to apply value investing in today’s market

    - Mar 15, 2018 10:35am
    Hang Seng Index currently has a price-earnings ratio of 12.5 times. That’s way cheaper than S&P’s ratio of 18 times and Nasdaq’s 20 times. Should investors simply go for the cheaper stocks? Benjamin Graham, the father...
  • Toys "R" Us plans to sell or close all of its stores in the United States, a move that could affect 33,000 jobs in the coming months,  Photo: AFP

    Toys ‘R’ Us plans to sell or close all US stores

    Mar 15, 2018 10:03am
    Toys “R” Us Inc. said it will sell or close all of its stores in the United States, a move that could affect 33,000 jobs in the coming months, the Wall Street Journal reports. Chief executive...
  • Google is the latest internet company to clamp down on the cryptocurrency sector amid growing concerns about scams. Photo: Bloomberg

    Google bans cryptocurrency advertising

    Mar 15, 2018 9:22am
    Alphabet Inc.’s Google is banning advertisements for cryptocurrencies and initial coin offerings, making it the latest internet company to clamp down on the sector amid growing concerns about scams, Reuters reports. Google’s action, which takes effect...

EJI Weekly Newsletter

Please click here to unsubscribe