17 January 2017


  • Samsung's Lee Jae-yong will be questioned by South Korean special prosecutors in connection with a bribery investigation. Photo: Reuters

    Samsung heir named a suspect in S Korea bribery probe

    Jan 12, 2017 8:53am
    Samsung Electronics vice-chairman Lee Jae-yong has been named as a suspect in a bribery probe, drawing the nation’s biggest business group deeper into a political scandal that has led to the impeachment of South Korea’s president. The third-generation...
  • Without the backing of the likes of Alibaba, other retailers may find it hard to transform from a traditional brick and mortar operation into an omni-channel business model as Intime has managed to achieve. Photo: Reuters

    Why it’s hard for other retailers to replicate Intime’s success

    - Jan 11, 2017 4:33pm
    Alibaba Group Holding and Shen Guojun, founder of Intime Retail (Group), offered HK$10 per share to take private the mainland shopping mall and department store chain operator in a cash transaction. The price represents a premium...
  • The FF91 failed to execute an auto parking instruction during a presentation despite claims that it beats all existing electric cars including Tesla in a number of performance metrics. Photo: gatget360

    Why Faraday Future’s plan to sell electric cars smells fishy

    - Jan 11, 2017 10:49am
    Faraday Future (FF), of which Chinese billionaire Jia Yueting is a key investor, has unveiled its first electric car, saying it will deliver the new vehicle — the FF91 — in 2018. The firm has opened the...
  • US President-elect Donald Trump shakes hands with and Alibaba executive chairman Jack Ma after their meeting at Trump Tower in New York. Photo: Reuters

    Jack Ma tells Trump about plans for US businesses

    Jan 10, 2017 8:13am
    Alibaba executive chairman Jack Ma met US President-elect Donald Trump on Monday and laid out the Chinese e-commerce company’s new plan to bring one million small US businesses onto its platform to sell to Chinese consumers...
  • If someone invested a dollar in Amazon in 1997, that one dollar would be worth more than US$380 today. Photo: Reuters

    Who would be crazy enough to hold Amazon for two decades?

    - Jan 6, 2017 5:12pm
    This year is the 20th anniversary of Amazon as a listed company. If someone invested a dollar in the e-commerce giant in 1997, that one dollar would be worth more than US$380 today, an annual compound...
  • Copies of the New York Times newspaper are displayed along with its online edition appearing on Apple Inc.'s iPad. Photo: Bloomberg

    China state tabloid scolds NYT for investigative reports

    Jan 6, 2017 2:30pm
    An influential Chinese state-run tabloid has chided the New York Times over its reporting practices after Apple Inc. removed the US newspaper’s app from its China app store at the request of the Chinese government. The...
  • Apple chief executive Tim Cook visits the iPhone production line at the Foxconn Technology Group facility in Zhengzhou. Photo: Bloomberg

    How Zhengzhou transformed itself into ‘iPhone City’

    - Jan 5, 2017 11:07am
    The New York Times has published a long investigative story about how Zhengzhou’s local government lured Foxconn to set up the world’s largest iPhone factory in the capital of Henan province with billions of dollars of...
  • Google CEO Sundar Pichai takes the stage at an entrepreneurs conference in New Delhi on January 4, Photo: Reuters

    Google takes aim at Indian small businesses

    Jan 5, 2017 9:01am
    Google is stepping up efforts to get India’s small businesses online as technology giant seeks to win more users in the world’s second most populous nation. Chief Executive Sundar Pichai said Wednesday that Google will launch...
  • The New York Times has been removed from Apple's app store at the request of the Chinese authorities, according to reports. Photo: Adweek

    Apple pulls New York Times app in China

    Jan 5, 2017 8:19am
    Apple Inc. has removed the New York Times Co.’s news apps from its app store in China, following a request from the Chinese authorities. Apple removed both the English-language and Chinese-language apps from the iTunes store...
  • The fund misuse and accounting fraud in Real Gold Mining already sent an early alert about the problems at Cosun Group years ago. Photo:

    Small investors of Real Gold Mining continue to suffer

    - Jan 3, 2017 9:54am
    Bond Investors in the Guangdong-based telecom company Cosun Group founded by billionaire Wu Ruilin are fortunate as the guarantor, Zheshang Insurance, has been forced to repay after Cosun defaulted on a bond issue. But investors in...
  • Seventy-two percent of today’s breaches are due to compromised user identities and vulnerable applications but 90 percent of IT’s security budget goes to protecting the traditional network perimeter. Photo: sgcybersecurity.

    How to address cybersecurity challenges

    - Dec 30, 2016 4:12pm
    It’s no secret that cybersecurity threats and even attacks are on the rise. Businesses, governments and even everyday citizens are struggling to keep up with the increased sophistication and efforts of hackers. In Hong Kong, cybersecurity...
  • China will soon have a new online bank as a group of investors led by smartphone giant Xiaomi are set to kick off their venture.

    Xiaomi-backed online bank to begin operations soon

    Dec 29, 2016 9:06am
    An online bank backed by smartphone maker Xiaomi Inc. is set to begin operations in China soon after the venture was officially established and rebranded recently, Reuters reports. Citing New Hope Group Co., one of the...
  • Sales for Echo speakers were nine times more than in the 2015 holiday season. Photo: Bloomberg

    Amazon reports best holiday yet with record orders for Echo

    Dec 28, 2016 8:04am Inc. said it had its best holiday season yet, having shipped more than one billion items through its Prime and Fulfillment services, and receiving a record number of orders for its own Alexa devices, the...
  • Uber said it was not obligated to get a permit because its vehicles require continuous monitoring by a person in the car. Photo: Reuters

    Uber removes self-driving cars from San Francisco roads

    Dec 22, 2016 4:29pm
    Uber Technologies Inc. has removed its self-driving cars from San Francisco streets amid a regulatory crackdown. “We’re now looking at where we can redeploy these cars but remain 100 percent committed to California and will be...
  • Nokia's lawsuits cover patents for displays, user interfaces, software, antennas, chipsets and video coding. Photo: Reuters

    Nokia sues Apple over technology patents

    Dec 22, 2016 8:31am
    Nokia Corp. has filed lawsuits against Apple Inc. for violating 32 technology patents. The lawsuits come after the iPhone maker’s legal action targeting the one-time cellphone industry leader a day earlier, Reuters reports. Nokia’s lawsuits, filed...
  • Taobao's inclusion on the blacklist is a blow to Alibaba's efforts to shed perceptions its websites are riddled with fakes. Photo: Reuters

    US returns Alibaba shopping website to market blacklist

    Dec 22, 2016 8:26am
    The United States has returned Taobao, China’s most popular consumer-to-consumer shopping website, to its blacklist of “notorious marketplaces” known for the sale of counterfeit goods and violations of intellectual property rights. The move by the US Trade...
  • File picture of friends and family members of victims in the mass shooting in Orlando, Florida, taken in June. Photo: Reuters

    Orlando victims’ families sue Twitter, Google and Facebook

    Dec 21, 2016 8:16am
    The families of three men killed at Orlando’s Pulse gay nightclub have sued Twitter Inc., Alphabet Inc.’s Google and Facebook Inc. in federal court, accusing the companies of providing “material support” to the self-radicalized gunman. The...
  • Big data is a treasure trove that invites creative analytics to improve the wellness of populations.  Photo:

    How HK can unleash the power of big data

    - Dec 20, 2016 9:26am
    Big data has become one of the top buzzwords of our times. Indeed, we are living in an age of data explosion, what with the proliferation of smartphones and other mobile devices, smart dust and cloud-based...
  • Apple said the European Commission singled out the company because of its success. Photo: AFP

    Apple set to challenge EU’s US$14 bln tax demand

    Dec 19, 2016 9:44am
    Apple will launch a legal challenge this week to the European Union’s record US$14 billion tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty....
  • Rupert Murdoch is realizing his ambition of taking full control of European pay-TV giant Sky. Photo: Bloomberg

    Murdoch to gain full control of Sky with US$14.6 bln deal

    Dec 16, 2016 8:47am
    Rupert Murdoch’s 21st Century Fox Inc. has entered into a US$14.6 billion deal to buy the rest of European pay-TV firm Sky that it doesn’t already own. Under the deal that will help unite a media...

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