Date
23 July 2018

Industries

  • Gobee.bike, Hong Kong’s first bike-sharing service provider, decided to close down its Hong Kong operation after incurring heavy losses mainly due to huge maintenance costs. Photo: Reuters

    Bike-sharing business model won’t work in Hong Kong

    - Jul 13, 2018 5:48pm
    Gobee.bike, Hong Kong’s first bike-sharing service provider, has shut down the business after its launch in April last year. The bike-sharing business model can’t sustain itself. It has succeeded in mainland China because internet giants like...
  • The European Central Bank will try to end asset purchases by December, indicating it has confidence in its ability to achieve price stability. Photo: AFP/Reuters

    Time to untie the ECB’s hands

    - Jul 13, 2018 12:34pm
    The European Central Bank’s recent announcement that it will try to end asset purchases by this December means that it has confidence in its ability to achieve price stability. But those who decided that price stability...
  • McDonald's classic Big Mac is 53.8 percent cheaper in Hong Kong than in the United States, according to The Economist's latest edition of the Big Mac Index.  Photo: Bloomberg

    Why Big Mac is undervalued in Hong Kong

    - Jul 13, 2018 11:53am
    Local burgers are getting more expensive, although they still offer one of the cheapest meal options in pricey Hong Kong. That’s according to The Economist’s latest edition of the Big Mac Index, which shows that the...
  • A customer tries Alipay's facial recognition payment solution at a restaurant in Hangzhou. China is widely believed to be taking the lead in piloting payment solutions. Photo: Reuters

    Why many HK consumers still don’t use smart payment systems

    - Jul 13, 2018 11:32am
    The Hong Kong Productivity Council last week released the inaugural AlipayHK Smart Payment Popularity Index, which shows that electronic payment solutions are not yet widely accepted in the city. Though merchants are very optimistic, local residents...
  • J&J says it will appeal a verdict by a Missouri jury in relation to claims of asbestos in its talc products. Photo: Bloomberg

    J&J ordered to pay US$4.7 bln in asbestos cancer case

    Jul 13, 2018 10:05am
    A Missouri jury ordered Johnson & Johnson to pay US$4.69 billion to 22 women who alleged the firm’s talc-based products contain asbestos and caused them to develop ovarian cancer, Reuters reports. The penalty Thursday is the...
  • The Aerion AS2, the world's first supersonic business jet, being developed by Lockheed Martin and Aerion Corp, is shown in a photo illustration released in December last year. Credit: Handout via Reuters

    US, Europe clash over supersonic jet noise standards: report

    Jul 13, 2018 9:11am
    A US push for new global standards to kickstart its fledgling supersonic jet industry is facing resistance from European nations that want tough rules on noise, Reuters reports, citing documents and people familiar with the matter....
  • The US government's decision to contest a federal judge's approval of the AT&T-Time Warner deal doesn't come as a surprise, AT&T says. Credit: Reuters

    US govt to appeal court nod for AT&T-Time Warner deal

    Jul 13, 2018 8:49am
    The US Justice Department said on Thursday that it will appeal a judge’s decision to clear AT&T’s mega-merger deal with Time Warner, Reuters reports. AT&T was sued by the Justice Department on antitrust grounds, with authorities...
  • HTC seems to believe that blockchain technology and decentralized app ecosystem can be a game-changer for the smartphone maker. Photo: Bloomberg

    Can a blockchain-powered phone help HTC out of the woods?

    - Jul 12, 2018 2:01pm
    HTC is no longer among the top players in global smartphone shipments, but that doesn’t mean the company has halted innovation. Last year, the Taiwan firm launched the U11 device that bore a new “Edge Sense”...
  • Broadcom will finance the deal with cash on hand and US$18 billion in debt financing. Photo: Bloomberg

    Broadcom agrees to buy CA Technologies for US$18.9 billion

    Jul 12, 2018 9:43am
    Broadcom Inc. has agreed to acquire US business software company CA Technologies for US$18.9 billion in a bid to diversify beyond semiconductors, Reuters reports. The deal announced on Wednesday would come just four months after US...
  • Comcast has raised the stakes in a bidding war with Rupert Murdoch's Twenty-First Century Fox for control of European pay-TV group Sky. Photo: Reuters

    Comcast ups offer for Sky to US$34 bln in bidding war with Fox

    Jul 12, 2018 9:14am
    US cable giant Comcast raised its offer for Britain’s Sky to US$34 billion, topping a raised bid of US$32.5 billion for the pay-TV group from Rupert Murdoch’s Twenty-First Century Fox, Reuters reports. Comcast on Wednesday increased...
  • Initial coin offerings can pose high risks to investors. Photo: Reuters

    Over half of ICO-funded firms close in four months, study finds

    - Jul 11, 2018 5:20pm
    More than a half of the startups funded with initial coin offerings (ICO) closed within four months, a study by Boston College finds. The college tracked 2,390 ICO-financed companies through their Twitter posts and found that only 44.2 percent were...
  • China's leading real estate service firm E-house has the support of the country's internet giant Alibaba, and 26 property developers including Vanke, Evergrande and Country Garden. Photo: E-house

    Alibaba, 26 property developers support E-house IPO

    - Jul 11, 2018 4:39pm
    A number of mainland companies are launching initial public offerings in Hong Kong after Xiaomi’s listing. E-house (China) Enterprise Holdings, a leading real estate service firm, plans to list in the city with a proposed valuation...
  • Gobee.bike co-founder and CEO Raphael Cohen (inset) says the company is halting its operations due to losses and high bike maintenance costs. Photos: China News Agency, Internet

    Gobee.bike going out of business amid financial troubles

    Jul 11, 2018 2:39pm
    Gobee.bike, Hong Kong’s first station-less bicycle sharing company, which allows people to rent and drop off a bicycle around the city through a mobile app, is putting an end to its operations as it seeks to...
  • Microsoft is launching a cheaper and lighter tablet computer as it seeks to fight Google Chromebooks and Apple's iPads in the classroom market. Photo: Bloomberg

    Will Microsoft find success in student market with new tablet?

    - Jul 11, 2018 2:16pm
    Apple has been a leader in the tablet computer market for a long time following the introduction of the iPad in 2010. However, the launch of Google-backed Chromebooks and Microsoft Surface devices resulted in the market...
  • Alipay promotes its 'Double 12' shopping event in Hong Kong. China's dominant fintech player has expanded fast in the city. Photo: Xinhua

    Ant Financial eyes new overseas markets for digital payments

    Jul 11, 2018 1:28pm
    After years of stunning growth led by two home-grown giants Alipay and WeChat Pay, China’s digital payments market appears somewhat saturated for now. With business slowing at home, mainland players have begun to set their sights...
  • A satellite image of Damascus, Syria. Artificial intelligence is being used to analyze the bird's eye view of satellite pictures. Photo: Reuters

    GANs open up enormous possibilities

    - Jul 11, 2018 11:23am
    “A falling leaf reveals the coming of fall,” says an old Chinese saying. Humans always try to determine the overall picture on the basis of small details. However, some angles can only be achieved with the help...
  • Chinese smartphone maker Xiaomi has failed to live up to all the hype that it had built up earlier about its Hong Kong IPO. Photo: HKEJ

    Xiaomi’s deflated IPO: What are the lessons?

    - Jul 11, 2018 10:55am
    Xiaomi, Hong Kong’s first listing with multiple-class share structure, made a weak trading debut on Monday. One can only speculate now as to whether the tepid investor response was due to bad timing for the mega-IPO,...
  • Tesla's planned China production facility will help the firm avoid high import tariffs amid a trade war between Washington and Beijing. Photo: Reuters

    Tesla reaches deal to build big factory in Shanghai

    Jul 11, 2018 9:34am
    Tesla announced on Tuesday that it has reached a deal with Chinese authorities to build a factory in Shanghai, a move that would help the US electric-car maker double its global manufacturing.  The new plant, which...
  • Didi wants to build a fleet of internet-connected, environment-friendly cars with more comfortable seats and luggage space. Photo: Reuters

    Didi signs up Continental for tailor-made electric cars

    Jul 11, 2018 9:28am
    China’s Didi Chuxing signed an agreement with German automotive supplier Continental AG to cooperate in developing internet-connected, electric cars tailor-made for Didi’s ride-hailing services, Reuters reports. Didi currently uses regular passenger cars for its service, but...
  • The former Apple employee was accused of downloading a blueprint related to a self-driving car to a personal laptop before trying to flee the United States for China. Photo: Reuters

    Ex-Apple worker charged with stealing self-driving car blueprint

    Jul 11, 2018 9:20am
    US authorities charged a former Apple Inc. employee with stealing trade secrets on Monday, accusing him of downloading a blueprint related to a self-driving car to a personal laptop before trying to flee the country for...

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