Date
24 April 2018

Industries

  • Gill Pratt, CEO of Toyota Research Institute, talks about developing cars that can communicate with one another. Photo: Reuters

    Toyota targets cars that ‘talk’ to each other by 2021

    Apr 17, 2018 2:50pm
    Toyota Motor plans to start selling vehicles that can “talk” to each other in 2021 in a bid to make road travel safer, Bloomberg reports. Andrew Coetzee, Toyota’s group vice president of product planning for North...
  • Richard Yu, CEO of Huawei Consumer Business Group, launches the P20 Series in Paris on March 27. Photo: Reuters

    Why Huawei is opening a retail store in Hong Kong

    - Apr 17, 2018 1:38pm
    Huawei Technologies, China’s biggest smartphone maker, will open its first retail store in Hong Kong by the end of July as part of its bid to narrow the gap with market leaders Apple and Samsung Electronics...
  • Li Ka-shing paid HK$610 million for 9.21 million CK Asset Holdings shares at between HK$60 and HK$70 each,  Photo: Bloomberg

    Li Ka-shing keeps buying his company’s shares

    - Apr 17, 2018 11:22am
    Three weeks after he announced his retirement, Hong Kong billionaire Li Ka-shing still has his money where his mouth is. The city’s richest man spent HK$610 million to snap up 9.21 million CK Asset Holdings shares at between HK$60...
  • Gobee.bike should draw lessons from user complaints to be able to improve its service and attract more customers. Photo: Gobee.bike

    There is no honeymoon phase between a startup and its customers

    - Apr 17, 2018 10:58am
    Hong Kong’s first bike-sharing app Gobee.bike is said to be receiving various complaints from customers over its system failures. In one case, a customer said he had returned the bike after a one-time use, but the...
  • The US action could be devastating to ZTE since American companies are estimated to provide 25 to 30 percent of the components used in ZTE’s equipment. Photo: Reuters

    US bans its firms from selling to Chinese phone maker ZTE

    Apr 17, 2018 9:14am
    The US Department of Commerce has banned American companies from selling components to ZTE Corp. for seven years, saying the Chinese telecom equipment maker broke an agreement reached after it was caught illegally shipping goods to Iran,...
  • Facebook is facing a court battle amid allegations that it violated an Illinois state law that deals with the privacy of biometric information. Photo: Reuters

    Judge clears way for Facebook class suit over facial recognition

    Apr 17, 2018 9:11am
    Facebook must face a class action lawsuit that alleges that the social network unlawfully used a facial recognition process on photos without user permission, a US federal judge ruled on Monday. US District Judge James Donato ruled...
  • A SpaceX Falcon 9 rocket, with the Dragon spacecraft onboard, launches at NASA's Kennedy Space Center on June 3, 2017. The US space agency’s TESS mission is set for launch on a Falcon 9 from Cape Canaveral on Monday. Pics: NASA via Reuters, Bloomberg

    NASA, SpaceX set to launch planet-hunting satellite

    Apr 16, 2018 6:05pm
    NASA’s Transiting Exoplanet Survey Satellite (TESS) is scheduled to launch on a SpaceX Falcon 9 rocket from a facility in Florida on Monday. According to reports, the satellite, which is aimed at finding far-away planets that...
  • Da Hong-fei, founder of NEO blockchain, delivers a speech during the TOKEN2049 conference in Hong Kong in March. Photo: Handout

    China’s crypto crackdown will help clean up market: NEO chief

    - Apr 16, 2018 3:14pm
    Originally known as Antshares, NEO is China’s first open-source blockchain, and has been dubbed as “China’s Ethereum.” Despite China banning crypto trading and initial coin offering (ICO) projects since last September, NEO’s crypto token has enjoyed...
  • Cryptocurrency billionaires could help fund projects that improve the management of health-care finances. Photo: Bloomberg

    How should the crypto-rich spend their money?

    - Apr 16, 2018 12:20pm
    In February, Forbes published its first-ever list of cryptocurrencies’ richest people. The top ten were each worth around US$1 billion, while the wealthiest – an American blockchain innovator named Chris Larsen – was estimated to be...
  • Facebook CEO Mark Zuckerberg displayed admirable skills in human interaction during his appearance at the US Congress last week. Photo: AFP

    Facebook’s Zuckerberg shows savvy in human interaction

    - Apr 16, 2018 12:09pm
    Facebook co-founder and chief executive Mark Zuckerberg fielded questions from US lawmakers for roughly 10 hours over two days last week. Though the grilling was intense, it is said that the 33-year-old billionaire didn’t break a sweat...
  • Critics contend that Mark Zuckerberg has not said enough during his congressional testimony last week about the extent and use of the data that Facebook collects. Photo: Reuters

    Data privacy concerns rise as Facebook admits tracking non-users

    Apr 16, 2018 9:25am
    Concern about Facebook’s respect for data privacy is widening to include the information it collects about non-users, after Chief Executive Mark Zuckerberg said the social network tracks people whether they have accounts or not, Reuters reports....
  • Tesla CEO Elon Musk acknowledged that the unprecedented level of robots used in the production of Model 3 has added complexity and delays. Photo: Bloomberg

    Tesla’s Musk says no need for more capital, sees profit soon

    Apr 16, 2018 9:23am
    Elon Musk, chief executive of electric-car maker Tesla Inc., said the company will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, Reuters reports....
  • Goldman Sachs acquired Clarity Money, a free app that helps consumers manage their personal finances, to bolster its Marcus online lending business. Photo: Reuters

    Goldman Sachs buys personal finance startup Clarity Money

    Apr 16, 2018 9:04am
    Goldman Sachs Group Inc. bought Clarity Money, a personal finance startup, to bolster its Marcus online lending business, Reuters reports. Buying Clarity Money, a free app that helps consumers manage their personal finances, is expected to...
  • A strategy that combines market momentum and fundamental value in stock selection may work better in a volatile market. Photo: Reuters

    A strategy that combines momentum and value investing

    - Apr 13, 2018 11:42am
    My two momentum-based mock portfolios have underperformed the Tracker Fund of Hong Kong (02800.HK) in the first quarter due to an extremely volatile market. Amid the market turbulence, many stocks in the two momentum-investing portfolios triggered...
  • Other than fueling a surge in the importation of high-end models, lower tariffs are unlikely to bring much impact to the Chinese auto industry. Photo: Reuters

    Lower car tariffs may have little impact on Chinese auto makers

    - Apr 13, 2018 9:33am
    Chinese President Xi Jinping announced a raft of measures to further open up the economy at the Boao Forum Asia in the southern island of Hainan on Tuesday, most likely mitigating the risk of a looming...
  • Uber does not exert enough control over drivers for its limo service, UberBLACK, to be considered their employer under the federal Fair Labor Standards Act, the US district court judge said. Photo: Bloomberg

    Uber drivers not company’s employees, US judge rules

    Apr 13, 2018 8:54am
    A US judge in Philadelphia has ruled that limousine drivers for Uber Technologies Inc. are independent contractors and not the company’s employees under federal law, Reuters reports. US District Judge Michael Baylson on Wednesday said the San...
  • The Tesla Model X car crashed and caught fire near Mountain View, California, on March 23, prompting investigations by the authorities. Photo: Reuters

    Tesla, US safety board clash over Autopilot investigation

    Apr 13, 2018 8:51am
    Tesla Inc. lashed out at the National Transportation Safety Board after the agency took the unusual step of removing the automaker as a party to its investigation of a fatal crash in March in which a...
  • Facebook CEO Mark Zuckerberg is under pressure to rethink his company's business model that relies of advertising revenue in exchange for the personal data of users of the social network. Photo: AFP/Reuters

    Can we not just pay to protect the privacy of our data?

    - Apr 12, 2018 1:12pm
    Facebook chief executive Mark Zuckerberg is said to have passed satisfactorily two days of intense grilling by US lawmakers, who invited him to shed light on the data privacy scandal that has beset his global social network....
  • Stitch Fix uses style experts and artificial intelligence to select clothing and accessories for its clients. Photo: Facebook

    Applying AI to personal styling service

    - Apr 12, 2018 9:39am
    Decades ago, when the internet was still in its infancy, experts predicted that one-on-one marketing would soon become a reality, and consumers would just sit at home and wait for the products they ordered to be...
  • Tesla is believed to have set an ambitious target for launch of production of Model Y, a crossover version of the Model 3. Photo: Reuters

    Tesla aims to begin Model Y production in Nov 2019: report

    Apr 12, 2018 9:23am
    Tesla is targeting November 2019 for start of production of its Model Y sport utility vehicle, with output in China to begin two years later, Reuters reports, citing sources familiar with the matter. The electric car...

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