Date
19 May 2019

Industries

  • US President Donald Trump warned China on Wednesday that it was mistaken if it hoped to delay a trade deal until a Democrat controlled the White House. Photo: Reuters

    Trump says Beijing ‘broke’ trade talks deal

    May 9, 2019 4:24pm
    US President Donald Trump said China “broke the deal” it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing “stops cheating...
  • After having built up a massive user base, tech firms like Google are able to monetize the traffic in its ecosystem. Photo: Reuters

    Recurring income is a nice investment theme

    - May 9, 2019 3:25pm
    Most people stick with the same bank their whole life once they open an account with it. They may use the same bank account to receive their salary, pay the mortgage and settle other bills. Switching...
  • SoftBank Group said a second Vision Fund, which is focused on technology firms, will be announced soon with the size similar to the first fund. Photo: Bloomberg

    SoftBank Group unveils stock split as tech bets boost profit

    May 9, 2019 2:58pm
    Japanese conglomerate SoftBank Group Corp. announced a stock split while keeping the per-share dividend unchanged for the year, effectively doubling its shareholder payout, as it also reported a better-than-expected annual profit, Reuters reports. The news comes...
  • Singapore says it is vulnerable to fake news because of its position as a global financial hub, its mixed ethnic and religious population and widespread internet access. Photo: AFP

    Singapore’s fake news law may hurt innovation: Google

    May 9, 2019 1:03pm
    Google said on Thursday an anti-fake news law passed by Singapore’s parliament could stunt innovation, a quality that the city-state wants to nurture under plans to expand its tech industry, Reuters reports. Singapore’s parliament on Wednesday...
  • The Live Captions feature in Google's Android Q could prove one of the most important breakthroughs in mobile operating systems this decade. Photo: Reuters/AFP

    Live Captions, 5G likely to drive faster Android Q adoption

    - May 9, 2019 12:52pm
    On Tuesday night Google unveiled its latest mobile operating system, Android Q, at its annual developer conference in Mountainview, California. Android, of course, is the market leader with more than 90 percent share of the operating...
  • A demonstrator holds a sign protesting China's treatment of Uighur people in Xinjiang during a court appearance by Huawei CFO Meng Wanzhou in Vancouver on Wednesday. Photo: Reuters

    Huawei CFO to seek extradition stay, citing Trump comments

    May 9, 2019 9:24am
    Huawei’s chief financial officer intends to seek a stay on extradition proceedings in part based on statements by US President Donald Trump about the case, which her lawyers say disqualifies the United States from pursuing the...
  • Net income hit US$1.5 billion in the theme park unit as more visitors showed up at Walt Disney World in Florida and Hong Kong Disneyland, while occupied hotel nights increased. Photo: CNSA

    Disney parks boost earnings

    May 9, 2019 9:06am
    Walt Disney Co.’s theme parks lifted quarterly earnings past Wall Street targets, helping offset big investments to support the media and entertainment company’s bid to draw audiences to streaming media, Reuters reports. Shares of Disney rose...
  • Warren Buffett's Berkshire Hathaway said it had invested US$340 million in various tax equity investment funds,  before learning that federal authorities had alleged “fraudulent income conduct” by the funds’ sponsor. Photo: Reuters

    Berkshire takes US$377 million charge as ‘Ponzi’ victim

    May 9, 2019 8:30am
    Warren Buffett’s Berkshire Hathaway Inc. said a US$377 million charge it incurred recently was tied to a solar generation company that US authorities have linked to fraud, Reuters reports. Berkshire said in its first-quarter report on...
  • Tencent has introduced a more patriotic version of PlayerUnknown’s Battlegrounds in China. Photo: Reuters

    Tencent pulls PUBG in China, launches patriotic alternative

    May 8, 2019 5:04pm
    Tencent Holdings Ltd. (00700.HK) on Wednesday shut down its test version of global blockbuster PlayerUnknown’s Battlegrounds in China and shifted users to a similar, more patriotic video game which, unlike PUBG, has regulatory approval to generate...
  • SoftBank Corp. will buy 456.5 billion yen (US$4.2 billion) worth of new shares to be issued by Yahoo Japan, increasing its stake to 45 percent from 12 percent. Photo: Bloomberg

    SoftBank Corp to spend US$4 billion to up Yahoo Japan stake

    May 8, 2019 4:36pm
    Japanese telco SoftBank Corp. said on Wednesday it would spend US$4 billion to up its stake in Yahoo Japan Corp. and turn the internet company into a subsidiary, a move that would help boost its profit...
  • HTC's virtual reality business has yet to become a major revenue source that could offset the sharp decline in smartphone sales. Photo: AFP

    Can HTC survive without smartphone sales?

    - May 8, 2019 12:53pm
    HTC announced earlier this week that revenue for April dropped 71 percent to NT$590 million (US$19.08 million) from the same period last year as smartphone sales declined.  The company, based in Xindian District, New Taipei City,...
  • Uber will start trading on Wall Street on Friday, a day after it prices its initial public offering. Photo: Reuters

    Uber clings to hard-knuckled tactics in pursuit of growth

    May 8, 2019 8:31am
    Uber co-founder and former chief executive Travis Kalanick used to tell investors he liked to keep his company teetering between order and chaos. By the time he left, it was chaos. The company was battered by...
  • Google announced new privacy controls and policies at its annual developers’ conference on Tuesday. Photo: Reuters

    Google plans new browser tools on privacy, ad transparency

    May 8, 2019 8:12am
    Alphabet Inc. unit Google in the coming months plans to introduce new internet browser tools to limit how users’ web activity is tracked by advertising companies and give them greater insight into why certain ads are...
  • Stephanie Cuthbertson, senior director of Android at Google, discusses the mobile operating system during the Google I/O developers conference in Mountain View, California, on Tuesday. Photo: Reuters

    Google launches US$399 Pixel phone

    May 8, 2019 7:49am
    Alphabet Inc.’s Google launched more affordable versions of its Pixel smartphone at about half the price of its current models, Reuters reports. Since hitting the market three years ago, the Pixel has been a slow seller...
  • Apple’s CORE ML technology would enable companies to create customized apps on SAP’s Leonardo platform. Photo: Bloomberg

    Apple teams up with SAP on iPhone business apps

    May 8, 2019 7:35am
    Business software maker SAP and Apple are teaming up to help clients develop their own mobile business applications using Apple’s machine-learning technology, Reuters reports. This will make it possible, with the help of augmented reality, to...
  • Lyft said increased demand helped push revenue to US$776 million in the first quarter, up 95 percent from a year earlier. Photo: AFP

    Lyft says revenue nearly doubles, growth to slow

    May 8, 2019 7:31am
    Lyft Inc. forecast that 2019 would be the peak year for losses after the ride service company lost US$1.1 billion in its first quarter, Reuters reports. “We are encouraged by strength of our core business...
  • Facebook focuses on three main categories of local community news: local crime, court news and obituaries. Photo: Reuters

    Facebook offers insights for HK online community news outlets

    - May 7, 2019 5:27pm
    Last year, Facebook announced that it would cut down on the dissemination of hard news, and return to its original intention of building an online community news network that truly belongs to individual users. Over the...
  • Shop owners at T.mark have learned the value of banding together. Photo: Facebook

    How a dying mall in Tsuen Wan was able to bounce back to life

    - May 7, 2019 4:24pm
    In Hong Kong, we hear a lot of stories about subdivided malls slowly dying.  But T.mark in Tsuen Wan is an exception. It’s been reported that an 84 square foot shop in T.mark has recently changed...
  • Facebook plans to link Messenger, WhatsApp and Instagram to allow users to message each other across the three platforms. Photo: Bloomberg

    Facebook move to integrate platforms raises privacy concerns

    - May 7, 2019 3:20pm
    It seems that it will be more convenient for users to reach their friends across the three different messaging platforms owned by Facebook after its plan to integrate Facebook, Instagram and Whatsapp is realized, but some...
  • Malaysian and US authorities say about US$4.5 billion was allegedly siphoned from 1MDB. Photo: Reuters

    US begins return of US$200 million in 1MDB funds to Malaysia

    May 7, 2019 2:16pm
    The US government has begun returning to Malaysia some US$200 million recovered from asset seizures linked to state fund 1MDB, with about a quarter of the amount already repatriated, the two countries said on Tuesday. Malaysian...

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