23 June 2018


  • is China’s second-largest e-commerce company, but its market value is only a fraction of Alibaba’s US$500 billion plus. Photo: Reuters

    How JD could help fight a proxy war for its strategic investors

    - Jun 22, 2018 8:26am
    A proxy war is a strategy that refers to a conflict instigated by opposing powers who do not fight against each other directly. By using third parties to do the fighting, it is still possible to...
  • Brian Krzanich, 58, was appointed CEO in May 2013. Intel shares more than doubled during his tenure as the company expanded into new markets. Photo: Reuters

    Intel CEO resigns after probe of relationship with employee

    Jun 22, 2018 7:38am
    Intel Corp.’s chief executive Brian Krzanich has resigned after an investigation found he had a consensual relationship with an employee in breach of company policy, Reuters reports. The head of the largest US chipmaker is the...
  • Xiaomi founder and CEO Lei Jun will preside over what promises to be a very interesting and well-attended press conference this Saturday. Photo: Bloomberg

    What Xiaomi’s first IPO presser would look like

    - Jun 21, 2018 4:28pm
    Financial journos, especially those covering the technology beat, will have to postpone plans for a well-deserved beauty sleep this weekend if they don’t want to miss an important event in the sector.  Smartphone maker Xiaomi Inc....
  • In a pilot test, group members can pay subscription fees for the access to tutorials, live videos, tips and direct support from group administrators. Photo: Facebook

    Facebook eyes fees for groups with exclusive content

    Jun 21, 2018 2:50pm
    Facebook has always been a free service, and supported by targeted advertising. But now, the social media giant is starting to test a new feature that will allow Facebook Group administrators to charge a monthly fee...
  • ViuTV is broadcasting select matches from the 2018 FIFA World Cup in Russia for free, luring more than a million viewers. Photo: Reuters

    ViuTV should build on World Cup ratings to challenge TVB

    - Jun 21, 2018 12:33pm
    Over the past five decades, Television Broadcasts (TVB) has dominated local television, enjoying more than half of the viewership market during prime time. But here comes PCCW’s ViuTV, which recently broke the norm by broadcasting select...
  • VoiceAI CEO Kevin Li (right), with product director Micos Xie, said the company's voiceprint recognition technology is now being used to serve the needs of about 2.5 million retirees in Indonesia. Photo: EJ Insight

    Startup takes voiceprint recognition technology to Indonesia

    - Jun 21, 2018 12:31pm
    Imagine hundreds of senior citizens lining up at a bank to receive their pension several times each year. This involves so much effort on the part of the pensioners, but also a lot of time and...
  • Instagram CEO Kevin Systrom (right) at the launch of IGTV with (from left) social media star Bryce Xavier, Instagram product manager Ashley Yuki and social media star Lele Pons, in San Francisco on Wednesday. Photo: Reuters

    Instagram expands into long videos to compete with YouTube

    Jun 21, 2018 9:06am
    Social network Instagram, owned by Facebook Inc., launched a mobile app dedicated to user-generated videos up to an hour long, intensifying the competition with streaming services such as YouTube, Reuters reports. Called IGTV in a nod...
  • Walt Disney’s latest offer for  the bulk of Twenty-First Century Fox’s film and television assets was “superior” to Comcast's proposal, Fox’s board of directors said. Photo: AFP

    Disney hikes bid for Fox assets to US$71.3 billion, tops Comcast

    Jun 21, 2018 8:39am
    Walt Disney Co. raised its bid for the bulk of Twenty-First Century Fox Inc.’s film and television assets to US$71.3 billion, sweetening its deal with cash as it looks to upend Comcast Corp.’s US$65 billion offer,...
  • Xiaomi is widely expected to lower its valuation target to US$70 billion in its upcoming Hong Kong IPO. Photo: Reuters

    Why Xiaomi postponed CDR listing at the last minute

    - Jun 21, 2018 8:31am
    Xiaomi was almost set to beat other Chinese internet giants to become the first to list at home via the China depositary receipts (CDR) route. However, Xiaomi decided to suspend that plan at the last minute,...
  • The Trump administration moved to lift a ban on ZTE doing business with US suppliers, but the US Senate has included an amendment to kill the settlement as part of a defense policy bill it approved on Monday. Photo: AFP

    Trump meets with US lawmakers on ZTE

    Jun 21, 2018 7:49am
    US President Donald Trump and a group of Republicans from the Senate and House of Representatives met at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp.,...
  • Adopting 5G technology will benefit the entire society, not just the four mobile operators. Photo: AFP/Reuters

    Why mobile operators oppose Hong Kong’s 5G policy

    - Jun 20, 2018 1:51pm
    Hong Kong has one of the world most competitive telecommunications markets with the highest penetration and cheapest service fees, thanks to the government’s free-market policy. In line with such a policy, the government is keen on holding auctions...
  • Having developed a passion for robots, MedEXO Robotics founder and CEO Denis Huen decided to focus on the application of robotics to medical care. Huen is shown here wearing his startup's product ExoSteady. Photo: MedEXO Robotics

    Superhero movie inspires Oxford man to enter medical robotics

    - Jun 19, 2018 4:38pm
    Iron Man, the blockbuster Hollywood superhero movie, was what prompted a doctoral candidate in biomedical engineering from the University of Oxford to venture into robotics and the startup world. “I find it very cool to see...
  • A strategic alliance among Google, Tencent and would strengthen their position against major rivals and allow them to expand faster. Photo: AFP/Reuters/Bloomberg

    Why Google, and Tencent are coming together

    - Jun 19, 2018 3:05pm
    Some might say that China’s e-commerce market has really no impact on the global market. But if that is true, why would internet giant Google spend US$550 million for a stake in China’s No. 2 e-commerce platform...
  • Xiaomi founder and CEO Lei Jun demonstrates the new features of his latest smartphone model. Xiaomi's move to postpone its mainland listing creates uncertainties for Beijing's initiative to lure tech giants to return home. Photo: Reuters

    Something old for Xiaomi’s new IPO

    - Jun 19, 2018 3:04pm
    Something’s wrong with Xiaomi Corp.’s much-awaited dual listing? The Chinese smartphone maker said on Tuesday it will postpone its application for a mainland share offering through the issuance of China depositary receipts (CDRs) until after it...
  • The deal could help expand beyond its base in China and Southeast Asia and establish a meaningful presence in US and European markets. Photo: Reuters

    Google to invest US$550 million in China e-commerce giant

    Jun 19, 2018 9:16am
    Google will invest US$550 million in Chinese e-commerce powerhouse, part of the US internet company’s efforts to expand its presence in fast-growing Asian markets and battle rivals including, Reuters reports. The two companies described...
  • Tesla CEO Elon Musk said an employee had made code changes to the company’s operating system and exported “large amounts of highly sensitive Tesla data to unknown third parties”. Photo: Bloomberg

    Tesla’s Musk alleges ‘extensive’ employee sabotage

    Jun 19, 2018 9:05am
    Tesla Inc. chief executive Elon Musk accused an employee of “extensive and damaging sabotage” to the company’s operations, Reuters reports. In an email sent to company employees on Monday, Musk said an employee had made code changes...
  • Apple is accused of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more than they should. Photo: Reuters

    US top court to take up antitrust case on App Store commissions

    Jun 19, 2018 8:35am
    The US Supreme Court agreed to take up Apple Inc.’s bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more...
  • GM's self-driving car unit Cruise has received US$2.25 billion investment from Japan’s SoftBank. Photo: Reuters

    Who will benefit most from electric and self-driving cars?

    - Jun 15, 2018 12:53pm
    Technology innovation is not just about smartphones and the internet. I believe self-driving cars and electric vehicles are the growth point for next decade. Waymo, the self-driving car unit of Google’s parent company, Alphabet, has spent...
  • ZTE has begun working toward meeting conditions laid out by the US for resumption of business with American suppliers. Photo: Bloomberg

    ZTE seeks US$10.7 bln credit line, nominates 8 board members

    Jun 15, 2018 9:41am
    Chinese telecoms equipment maker ZTE Corp is seeking a US$10.7 billion credit line from banks as it seeks to rebuild a business that had been crippled by a US supplier ban. The firm, meanwhile, nominated eight...
  • Microsoft, led by CEO Satya Nadella, is reported to be working on technology for cashier-less, checkout-free retail experience. Photo: Reuters

    Microsoft working on checkout-free retail tech: report

    Jun 15, 2018 8:46am
    Microsoft is working on technology that will eliminate cashiers and checkout lines from stores, posing a potential challenge to Amazon’s automated grocery shop efforts, Reuters reports, citing people familiar with the matter. The Redmond-based software giant is...

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