30 April 2017


  • Chinese ride-hailing giant Didi Chuxing is reportedly now being valued at more than US$50 billion. Photo: Bloomberg

    Didi said to seek new funding at over US$50 bln valuation

    Apr 28, 2017 8:51am
    Ride-hailing services firm Didi Chuxing has embarked on a new fund-raising round that would value the firm at more than US$50 billion, making it China’s second-most valuable privately owned company, according to Reuters. Didi is seeking...
  • In lieu of restructuring, Samsung is paying its first-ever quarterly dividend and canceling tens of billions of dollars in treasury shares. Photo: Bloomberg

    Samsung rebuffs activist investor over restructuring

    Apr 28, 2017 8:17am
    Samsung Electronics Co. turned down activist investor Paul Elliott Singer’s push for a corporate restructuring, offering instead to reward shareholders by paying its first-ever quarterly dividend and canceling tens of billions of dollars in treasury shares...
  • Tencent, led by its CEO Pony Ma, is expanding its cloud computing services by setting up overseas data centers. Photo: Bloomberg

    Tencent opens its first US data center

    Apr 27, 2017 8:45am
    China’s Tencent Holdings opened its first data center in Silicon Valley this week, expanding cloud-computing services into the United States, the Wall Street Journal reports. With the move, Tencent became the second Chinese firm after Alibaba...
  • Ajit Pai says he will not  not seek to finalize a reversal of the rules until the FCC takes public comment. Photo: Reuters

    US regulator to propose reversing ‘net neutrality’ rules

    Apr 27, 2017 8:16am
    The head of the US Federal Communications Commission is proposing to overturn the landmark 2015 Obama-era net neutrality rules that prohibit broadband providers from giving or selling access to certain internet services over others, Reuters reports....
  • Chinese billionaire Zong Qinghou blames technological advances such as e-commerce and artificial intelligence for bringing chaos to the real economy. Photo:

    Why China’s beverage tycoon is blasting the internet giants

    - Apr 26, 2017 12:16pm
    The internet economy led by Baidu, Alibaba and Tencent is thriving and getting a lot of attention. However, Chinese billionaire Zong Qinghou, who is the founder, chairman and CEO of Hangzhou Wahaha Group, believes the internet...
  • Google is taking additional steps to curb the spread of misinformation online. Photo: Bloomberg

    Google takes aim at fake news, misleading search results

    Apr 26, 2017 8:40am
    Google is retooling its powerful search engine to prevent sites peddling fake news, hoaxes and conspiracy theories from appearing in its top results, the Wall Street Journal reports. Ensuring that fake news doesn’t surface in search...
  • A future Uber Elevate networks facility is pictured in this handout illustration. Uber is planning to deploy flying taxis in Texas and Dubai by 2020. Photo: Reuters

    Uber looks to skies with flying taxis by 2020

    Apr 26, 2017 8:17am
    Uber Technologies Inc. is aiming for the skies with its flying taxis, Reuters reports. After upending the taxi market with its ride-hailing service, the company expects to deploy its flying taxis in Dallas-Fort Worth, Texas, and...
  • Amazon could use autonomous vehicles including trucks, forklifts and drones to move goods. Photo: Reuters

    Amazon pushes driverless technology

    Apr 25, 2017 8:49am Inc. has created a team focused on driverless-vehicle technology to help navigate the retail giant’s role in the shake-up of transportation,  the Wall Street Journal reports, citing people briefed on the matter,. Amazon quietly formed...
  • With the continuous growth in technology, the Fourth Industrial Revolution is likely to happen sooner than we think. Photo: Bloomberg

    Should we fear or embrace increased digitalization?

    - Apr 24, 2017 3:07pm
    The world has witnessed significant advances in technology over the past few years. As one might have noticed, the use of artificial intelligence (AI), big data, robotics etc. have impacted on various industries and disciplines all...
  • Apple is turning to selling more apps and services in China amid falling sales and rising competition from domestic smartphone makers. Photo: HKEJ

    Beijing regulators summon Apple over live streaming apps

    Apr 20, 2017 8:28am
    Internet regulators in Beijing plan to summon Apple Inc. to urge the American firm to tighten its checks on software applications available in its Apple Store, the official Xinhua News Agency reports. The Beijing Cyberspace Administration,...
  • Regina Dugan, head of the research unit called Building 8, said her team is trying to improve technology that allows people to type words using their minds. Photo: Reuters

    Facebook eyes technology to communicate by thought and touch

    Apr 20, 2017 8:19am
    Facebook Inc. has disclosed a secretive unit, headed by a former chief of the Pentagon’s research arm, that is studying ways for people to communicate by thought and touch. Last year the social media giant launched the...
  • The lawsuit seeks an injunction to stop Bose's "wholesale disregard" for the privacy of customers who download its free app to their smartphones. Photo: Internet

    Bose headphones spy on listeners, lawsuit alleges

    Apr 20, 2017 8:07am
    Bose Corp. spies on its wireless headphone customers by using an app that tracks the music, podcasts and other audio they listen to, and violates their privacy rights by selling the information without permission, according to...
  • Facebook CEO Mark Zuckerberg speaks at the company's F8 developers conference in San Jose, California, on Tuesday. Photo: Reuters

    Facebook’s Zuckerberg bets on augmented reality

    Apr 19, 2017 8:39am
    Facebook Inc. is trying to seize on the technology known as augmented reality, a mix of the real and digital worlds best known from the hit smartphone game Pokémon GO, Reuters reports. Speaking on Tuesday at...
  • Ant Financial hiked its bid 36 percent to US$18 per share in cash, valuing MoneyGram at around US$1.2 billion. Photo: Reuters

    Alibaba’s Ant beats rival offer for US electronic payment firm

    Apr 18, 2017 8:49am
    China’s Ant Financial has sweetened its bid for MoneyGram International Inc. by over a third, beating a rival offer to gain approval from the US electronic payment firm’s board, although it still faces regulatory hurdles, Reuters...
  • Lyft completed 70.4 million rides in the first quarter this year, up nearly two-and-a-half times from the same time period a year ago. Photo: Reuters

    Lyft lands US$600 mln funding, valuation rises to US$7.5 bln

    Apr 12, 2017 8:15am
    Ride-services company Lyft has raised US$600 million in fresh funding as it continues to compete fiercely with larger rival Uber Technologies Inc, Reuters reports. Lyft said on Tuesday it closed the widely anticipated funding round, which...
  • Tesla founder Elon Musk mentioned “stormy weather in Shortville” in his tweets, apparently mocking the short sellers of his company's shares, which have already surged beyond US$300. Photo: Reuters

    Tesla surge marks misfortune of traditional rivals

    - Apr 11, 2017 4:36pm
    The hot topic on Wall Street this week is Tesla’s stock surge to over US$300. (The shares last closed at about US$312.) Although the electric car maker is hardly making any money, its founder Elon Musk...
  • Toshiba will find it hard to resist a reported bid by Foxconn Group for the Japanese firm's computer-chip business. Photo: Bloomberg

    Foxconn offers up to US$27 bln for Toshiba’s chip business: WSJ

    Apr 11, 2017 8:41am
    Taiwan’s Foxconn Group has offered up to 3 trillion yen (US$27 billion) for Toshiba’s computer-chip business, the Wall Street Journal reports, citing people familiar with the matter. The bid by the world’s largest electronics contract manufacturer...
  • Microsoft chief executive Satya Nadella and Flipkart co-founder Binny Bansal are shown at a news conference in Bangalore, India. Microsoft is investing an unspecified amount in the Indian e-commerce start-up. Photo: Reuters

    Microsoft, eBay, Tencent invest in Amazon’s India rival

    Apr 11, 2017 8:37am
    Indian e-commerce start-up Flipkart Group has raised US$1.4 billion from Microsoft Corp., eBay Inc. and Tencent Holdings Ltd., taking a hit to its valuation to raise the cash it needs to defend its home market from...
  • Tencent, led by Pony Ma (pictured here), became the world's 10th biggest company for a while this week as its market cap surpassed that of US bank Wells Fargo. Photo: Bloomberg

    Tencent breaks into global top 10 in market cap

    - Apr 7, 2017 4:36pm
    Chinese internet titan Tencent Holdings Ltd. (00700.HK) drew fresh media attention this week as it briefly overtook Wells Fargo Inc. to become the world’s tenth most valuable public company. Tencent saw its shares gain 1.6 percent...
  • Yunfeng Financial, funded by Jack Ma (above), expects Youyu to lure tens of thousands of investors by the end of the year. Photo: Bloomberg

    Jack Ma-backed robo-adviser app targets retail investors

    Apr 7, 2017 4:15pm
    Yunfeng Financial Group Ltd., the listed financial services company funded by Alibaba chairman Jack Ma, has launched its robo-adviser wealth management application Youyu, targeting retail investors in China and Hong Kong. The service targets investors with...

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