Date
26 February 2018

Tech

  • Apart from the group's dominance in electronics manufacturing, political factors are also expected to play a role in Foxconn group getting the nod to list a unit on the Shanghai bourse. Photo: Reuters

    Why Foxconn unit A-share IPO is almost a sure thing

    - Feb 26, 2018 9:19am
    It’s reported that the approval rate for initial public offerings (IPOs) on China’s A-share market has tumbled to 36 percent this year from 78 percent previously. Many applicants have waited for three or four years and...
  • Vestel, owned by Turkey's Zorlu, will work with GSR Capital to build a “mega" factory with a 25,000 megawatt (MW) capacity to produce batteries for automobiles. Photo: Bloomberg

    Turkey’s Zorlu signs US$4.5 bln battery deal with GSR Capital

    Feb 26, 2018 9:08am
    Turkey’s Zorlu Holding has signed an agreement with Chinese investment firm GSR Capital for investments in battery production totaling US$4.5 billion until 2023, Reuters reports, citing Zorlu’s chief executive. In a statement released on Sunday, Zorlu...
  • A visitor demonstrates how a selfie is turned instantly into an emoji using Samsung's Galaxy S9 at the company's media event in San Francisco, California on Friday. Photo: Bloomberg

    Samsung launches Galaxy S9 with focus on social media

    Feb 26, 2018 8:52am
    Samsung Electronics unveiled its flagship Galaxy S9 smartphone with an emphasis on visual applications for social media, Reuters reports. With the global smartphone market set to stay flat or even shrink after meager growth of one...
  • US regulators have been wary of semiconductor deals with Chinese entities because they are concerned about the transfer of potentially sensitive technology. Photo: Xinhua

    US blocks sale of chip testing firm Xcerra to Chinese state fund

    Feb 23, 2018 2:36pm
    US semiconductor testing company Xcerra Corp. said a US national security panel had blocked its US$580-million sale to a Chinese state-backed semiconductor investment fund, the latest such deal to be thwarted, Reuters reports. The acquisition of...
  • Snap CEO Evan Spiegel's total compensation last year is said to mark the third-highest annual payout ever received by a company chief. Photo: Bloomberg

    Snap CEO Evan Spiegel earns US$638 mln in 2017

    Feb 23, 2018 9:40am
    Snap’s co-founder and chief executive Evan Spiegel received US$637.8 million as total compensation last year after the firm went public, the third-highest annual payout ever received by a company CEO, Reuters reports. Spiegel’s pay package is...
  • Dara Khosrowshahi, who is on his first official visit to Asia since taking Uber’s reins last year, speaks with the media in New Delhi on Thursday. Photo: Reuters

    Uber to continue investing aggressively in SE Asia: CEO

    Feb 23, 2018 9:17am
    Uber Technologies plans to continue investing aggressively in Southeast Asia even though the ride-hailing company expects to lose money in the market for some time amid intense competition. “We expect to lose money in Southeast Asia...
  • HP is expected to benefit from the growing demand for better quality in personal computers, which will help the company increase average selling prices of PCs and improve profitability in the long run, analysts say. Photo: Reuters

    HP raises 2018 profit forecast as results beat estimates

    Feb 23, 2018 9:07am
    HP Inc. reported first-quarter revenue and profit above Wall Street estimates as it sold more personal computers and printers, helping the company raise its full-year profit forecast, Reuters reports. Shares of the company, which houses the...
  • Airbnb will make it easier for boutique hotels and bed-and-breakfasts, once its arch enemies, to list their rooms on its online booking site. Photo: Reuters

    Airbnb looks to luxury vacations, hotels for growth

    Feb 23, 2018 8:53am
    Airbnb is rolling out new services aimed at attracting travelers looking for luxury accommodations and traditional hotels, the latest move to contend with sputtering growth in its original home-renting business. The company was set to unveil...
  • Oppo and Vivo have to improve their brand image by coming up with higher-quality offerings. Photo: AFP/Bloomberg

    Why Oppo and Vivo are losing steam in Chinese smartphone market

    - Feb 22, 2018 12:29pm
    China’s smartphone market has seen intense competition over the past few years with four local brands capturing more than 60 percent of sales in 2017. Huawei Technologies, Oppo, Vivo and Xiaomi Technology recorded strong shipment growth on...
  • A hacking incident at Japanese crypto exchange Coincheck has fueled international concern about the risks related to cryptocurrencies. Photo: Reuters

    Time for HK to take a serious look at crypto issues

    - Feb 22, 2018 10:58am
    Coincheck, a cryptocurrency exchange based in Japan, announced last month that it suffered a loss of US$500 million in customer assets as a result of a massive hacker attack. The incident has once again renewed international...
  • Twitter is under pressure from users and Western governments to stem the spread of false news and foreign propaganda. Photo: Bloomberg

    Twitter bars tactics used by ‘bots’ to spread false stories

    Feb 22, 2018 10:16am
    Twitter Inc. said it will no longer allow people to post identical messages from multiple accounts, cracking down on a tactic that Russian agents and others have allegedly used to make tweets or topics go viral,...
  • The US Securities and Exchange Commission is seeking 'clearer and more robust disclosure' by firms facing cyber-security issues. Photo: Bloomberg

    US regulator updates guidance on cyber-risk disclosures

    Feb 22, 2018 9:41am
    The US markets regulator on Wednesday updated guidance to public companies on how and when they should disclose cyber-security risks and breaches, including potential weaknesses that have not yet been targeted by hackers, Reuters reports. In...
  • The inquiry into bitcoin and other virtual currencies will consider whether the government is striking the right balance between protecting customers and businesses without stifling innovation. Photo: AFP

    British lawmakers launch inquiry into cryptocurrencies

    Feb 22, 2018 9:13am
    Britain’s cross-party Treasury Select Committee of lawmakers said it is launching an inquiry into digital currencies, as well as the underlying distributed ledger technology, Reuters reports. The probe will focus on the opportunities and risks posed...
  • Cobalt is a vital material for the lithium-ion rechargeable batteries that power Apple's mobile phones. Photo: Reuters

    Apple said to be in talks with miners to secure cobalt supplies

    Feb 22, 2018 9:01am
    Apple Inc. is talking to major cobalt producers to secure supplies of the material vital for the lithium-ion rechargeable batteries that power its mobile phones, Reuters reports, citing three cobalt industry sources. Apple declined to comment....
  • Hyperloop One, Elon Musk's futuristic transportation system, attained speed record of nearly 387 kilometers per hour in third-phase testing last December. Photo: Virgin Hyperloop One

    Elon Musk said to be one step closer to building DC-NY hyperloop

    Feb 21, 2018 6:40pm
    Billionaire tech entrepreneur Elon Musk, the man behind Tesla Motors and SpaceX, appears to be one step closer to realizing his dream of building a ‘hyperloop’ transportation system that will run from Washington DC to New York...
  • The mobile industry is betting on 5G technology to convince users to upgrade their devices. But 5G is more than providing faster internet speed but also about connecting devices to the internet. Photo: AFP

    Can Qualcomm maintain its leadership in 5G era?

    - Feb 21, 2018 12:34pm
    Qualcomm has been the leader in the mobile broadband modem market over the past decade as it transitioned from 3G to 4G mobile network technology. However, the world’s top three smartphone makers have refused to join the...
  • The acquisition of NXP will help Qualcomm to expand in the fast-growing market for chips used in automobiles and reduce its dependence on the competitive smartphone market. Photo: Reuters

    Qualcomm deals blow to Broadcom’s bid with sweetened NXP deal

    Feb 21, 2018 9:09am
    US semiconductor company Qualcomm Inc. unveiled a sweetened US$44 billion agreement to acquire NXP Semiconductors NV, the most defiant move in its defense against a hostile US$121 billion bid from Broadcom Ltd., Reuters reports. The new...
  • A Google executive speaks about the Pixel phone during a launch event in San Francisco on Oct. 4, 2017. With the second generation of its own devices, Google hopes to establish itself as a serious player in the consumer hardware market. Photo: Bloomberg

    What can Google do to narrow the hardware gap with Apple?

    - Feb 20, 2018 2:11pm
    It’s a fact that almost 80 percent of the smartphones in the world are currently on the Android operating platform which has been developed by Google. iPhone maker Apple, notwithstanding all the buzz surrounding its brand,...
  • Since 2017, Alibaba and Tencent have between them spent more than US$10 billion as part of a  battle to win over consumers and store operators to their competing payment, logistics, social media and big data services. Photo: Xinhua

    Alibaba, Tencent rally troops amid US$10 billion retail battle

    Feb 20, 2018 9:32am
    China’s tech giants Alibaba Group Holding Ltd. and Tencent Holdings Ltd. (00700.HK), worth a combined US$1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers’ digital wallets. Since...
  • Grab says it has a 95 percent share of the taxi-hailing market in Southeast Asia. Photo: Bloomberg

    Uber wants to sell Southeast Asia business to Grab: CNBC

    Feb 20, 2018 8:41am
      Ride-hailing giant Uber Technologies is preparing to sell its Southeast Asia business to Singapore-based Grab in exchange for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter. No deal...

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