Date
27 May 2018

Industries

  • An art exhibition in Bilbao, Spain. Some observers believe blockchain technology can bring about changes and improvements in the global art market. Photo: Reuters

    Can blockchain revolutionize the art market?

    May 25, 2018 3:42pm
    As the art market has grown in scale, it has been confronting the issues of counterfeiting and fraud. Some experts believe blockchain, the framework technology that underpins cryptocurrencies like bitcoin, can bring about a change in...
  • Carrefour China has opened its first 'smart store', thanks to a partnership with internet giant Tencent. Photo: Bloomberg

    Tencent steps into smart retail with Carrefour

    May 25, 2018 1:27pm
    Four months after announcing a cooperation agreement with French supermarket chain Carrefour in China, internet giant Tencent has marked an important milestone in a push related to ‘smart retail’. Combining its technological strengths with the retailing...
  • According to an estimate, only about 20 percent or less has been recovered out of the stolen cryptocurrencies since the beginning of 2017. Photo: Reuters

    US$1.2 bln in cryptocurrency estimated stolen since 2017

    May 25, 2018 9:48am
    Criminals are estimated to have stolen about US$1.2 billion in cryptocurrencies since the beginning of 2017, according to the Anti-Phishing Working Group (APWG). The estimates from the non-profit group’s research on cryptocurrency include reported and unreported...
  • US federal prosecutors are said to be working with the Commodity Futures Trading Commission in a criminal probe into suspected illicit trading practices in bitcoin and other digital currencies. Photo: Reuters

    US launches probe into bitcoin price manipulation: report

    May 25, 2018 9:28am
    The US Justice Department has opened a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reports, citing sources familiar with the matter. The investigation is centered on illegal...
  • Apple says its design patent infringement case against Samsung ‘has always been about more than money.' Photo: Reuters

    Apple wins US$539 mln in damages in Samsung patent retrial

    May 25, 2018 9:07am
    Apple Inc was on Thursday awarded almost US$540 million in damages from Samsung Electronics in retrial of a US case related to design patent infringement. After nearly five days of deliberations, a jury in a California...
  • There are analysts out there who say bitcoin will reach US$50,000 by the end of this year, and to the other extremes, those who believe it will be worthless. Photo: Reuters

    Bitcoin, human stupidity and the US$82 mln pizza order

    - May 25, 2018 8:13am
    How could a pizza order be worth US$82 million? The answer lies in Bitcoin pizza day, which first happened on May 22, 2010 – when Bitcoin user Laszlo Hanyecz bought two pizzas with the cryptocurrency. Our...
  • Tesla is undergoing a thorough reorganization in order to improve its operational efficiency. Photo: Reuters

    Tesla’s new hiring strategy

    - May 25, 2018 8:13am
    Tesla is suffering a brain drain. Recent departures from the electric-car maker include Matthew Schwall, the director of field performance engineering; Jim Keller, autopilot head; Will McColl, senior director of manufacturing engineering; Jon Wagner, director of...
  • Around US$1.3 billion has been invested in blockchain companies in the first five months of 2018, exceeding the amount of venture capital in the field for the whole of 2017, according to Crunchbase. Photo: Bloomberg

    VC blockchain investment hits US$1.3 bln, topping 2017 funding

    - May 24, 2018 6:14pm
    About US$1.3 billion has been invested in blockchain companies in the first five months this year, surpassing the amount of venture capital in the field for the whole of 2017, Crunchbase reports. A number of large funding...
  • Fears of a stronger-than-expected surge in US interest rates and the US dollar appear overdone. Photo: Bloomberg

    Is it game over for emerging markets?

    - May 24, 2018 3:48pm
    After their stellar performance last year, emerging market assets have taken a back seat, and most have been in the red since the beginning of April. This is when the risk that had largely been at...
  • NewsDog is said to have been topping the Google Play store news category since 2016 in India. Photos: Reuters, NewsDog

    Tencent invests in India-focused news aggregator app NewsDog

    - May 24, 2018 2:23pm
    Chinese internet giant Tencent Holdings has led a funding round for NewsDog, an India-focused news aggregator app which some observers believe has the potential to grow into a scale comparable to China’s hugely popular Toutiao news...
  • JD.com is using augmented reality and 3D technologies to create multiple interactive experiences for shoppers to find the right products online. Photo: Bloomberg

    How JD.com is using AR to boost sales

    - May 24, 2018 11:39am
    JD.com, one of the leading e-commerce platforms in China, is leveraging on augmented reality (AR) technology to integrate online and offline shopping experience. It will introduce three AR-powered products: a makeup mirror, a dressing mirror, and...
  • It is estimated that over 75 percent of the total growth in global luxury spending, over US$65 billion, could be due to purchases made by Chinese consumers, either at home or abroad. Photo: Reuters

    Chinese consumers continue to drive global luxury M&A

    - May 24, 2018 10:22am
    In recent years, China has become a major player in the global luxury M&A market. Increased consumer spending, driven by a growing middle class and newly created wealth, has created a significant incentive for Chinese corporations...
  • A Foxconn subsidiary is launching what would be mainland China’s biggest IPO in almost three years.  Photo: Reuters

    Foxconn unit to raise up to US$4.26 bln in China IPO

    May 24, 2018 9:22am
    Foxconn Industrial Internet (FII), a subsidiary of Taiwanese electronics contract manufacturing giant Foxconn Group, is seeking to raise up to 27.1 billion yuan (US$4.26 billion) for its planned listing on the Shanghai Stock Exchange. In what...
  • Dymatic Chemicals has prepared a gift pack containing 500 grams of pork for each of its 36,000 shareholders. Photo: Facebook

    The practice of sending gifts to shareholders

    - May 24, 2018 9:17am
    Not a few people were said to have purchased shares of Dymatic Chemicals Inc. (002054.CN) recently for a special reason – a pack of pork the company has prepared for each shareholder. The gift pack contains...
  • Fox and its shareholders are under pressure not to rush into approving the US$52-billion deal with Walt Disney. Photo: AFP

    Comcast prepares to top Disney’s US$52 bln offer for Fox

    May 24, 2018 9:14am
    Comcast Corp. says it is preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox, setting up a bidding war with rival Walt Disney Co., which already has agreed to a...
  • In a fresh trade protectionist move, the Trump administration is said to be preparing to impose new tariffs on imported vehicles. Photo: Bloomberg

    Trump may impose tariffs on car imports: report

    May 24, 2018 8:33am
    The Trump administration is considering a proposal to impose new tariffs on imported vehicles, invoking a national security law that was used to impose tariffs on aluminum and steel, Reuters reports, citing people with knowledge of...
  • Chief Executive Carrie Lam (center) attends the launch of HKAI Lab at the Hong Kong Science Park on Monday. Photo: ISD

    Alibaba, SenseTime, HKSTP launch fund for AI development

    - May 23, 2018 6:43pm
    The Alibaba Hong Kong Entrepreneurs Fund, artificial intelligence (AI) startup SenseTime and Hong Kong Science and Technology Parks Corporation (HKSTP) have jointly launched an initiative to step up AI development in Hong Kong. Called HKAI Lab, the...
  • HTC is betting on the blockchain technology to boost its image as an innovative smartphone maker. Photo: Bloomberg

    Can a blockchain smartphone save HTC?

    - May 23, 2018 12:08pm
    For Taiwan smartphone maker HTC, this year is crucial for its business development as it needs to demonstrate its capability as a stand-alone smartphone maker after it sold its ODM business to Google for US$1.1 billion....
  • Adobe's acquisition of e-commerce firm Magento is an example of the company's increased investment in the marketing analytics business. Photo: Bloomberg

    Adobe to acquire e-commerce firm Magento for US$1.68 billion

    May 23, 2018 12:06pm
    Adobe, the maker of the popular Photoshop and Illustrator creative programs, is acquiring Magento, an e-commerce services provider for enterprises, for US$1.68 billion, TechCrunch reports. Adobe said it has entered into a definitive agreement to acquire...
  • Deputy Prime Minister of Russia Vitaly Mutko in a World Cup 2018 press conference. Photo: Reuters

    Battle of the Brands: Who’ll be the winners of Russia 2018?

    - May 23, 2018 11:51am
    With football’s World Cup a matter of weeks away the world’s attention has already started shifting towards Russia, with all eyes increasingly focused on the likes of Moscow’s Luzhniki Stadium and Saransk’s Mordovia Arena. The Luzhniki...

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