26 April 2018


  • Facebook announced that monthly active users in the first quarter stood at 2.2 billion, up 13 percent from a year earlier. Photo: Reuters

    Facebook reports profit surge, user growth despite scandals

    Apr 26, 2018 9:35am
    Facebook on Wednesday reported a 63 percent rise in quarterly profit and an increase in users, suggesting that its business has suffered little damage, at least for now, from recent scandals. Net income for the first...
  • Huawei insists it complies with “all applicable laws and regulations where it operates". Photo: Bloomberg

    US probing Huawei for possible Iran sanctions violations: report

    Apr 26, 2018 9:25am
    US prosecutors in New York have been investigating whether Chinese technology company Huawei Technologies violated US sanctions in relation to Iran, Reuters reports, citing sources familiar with the situation. Since at least 2016, US authorities have...
  • European pay-TV group Sky could see a bidding war as Comcast has topped a previous offer from Twenty-First Century Fox. Photo: Bloomberg

    Comcast launches US$31 bln bid for Sky, taking on Fox

    Apr 26, 2018 9:08am
    US cable giant Comcast on Wednesday submitted a 22 billion pound (US$30.7 billion) offer for Sky Plc, setting the stage for a battle with Rupert Murdoch’s Twenty-First Century Fox for control of the European pay-TV group....
  • Min-Liang Tan would like the Hong Kong investment public to be more informed and educated about tech companies and their development. Photo: Bloomberg

    HK needs more investor education on tech firms: Razer CEO

    Apr 25, 2018 3:02pm
    Razer, a gaming equipment maker that counts billionaire Li Ka-shing among its backers, was one of the firms that scored big in the Hong Kong tech IPO bonanza last year. Five months after going public in...
  • Huawei is less dependent on foreign chip suppliers like Qualcomm than other Chinese telecommunications equipment makers. Photo: AFP

    China tech sector: best defense is good offense

    - Apr 25, 2018 12:50pm
    In the past, trade wars used to focus on raw materials such as oil, metals and food. But in the digital era, targeting high-tech products is the best way to hurt your rival. US President Donald...
  • The high-priced iPhone X is said to be encountering poor market response, a development that may drag on iPhone shipments throughout the year. Photo: AFP

    Is the iPhone past its glory days?

    - Apr 25, 2018 10:57am
    Apple is scheduled to announce its quarterly results next week. Investors are eager to learn about the company’s latest guidance on iPhone shipments as external sources have said sales were significantly down in the first three months of...
  • Facebook, which is struggling to contain a data privacy scandal, says it has deleted a number of accounts and pages that advertised and sold social security numbers and other information on some people. Photo: Reuters

    Facebook removes accounts advertising stolen identities

    Apr 25, 2018 8:56am
    Facebook has removed a number of accounts and pages that advertised and sold social security numbers, addresses, phone numbers, and alleged credit card numbers of dozens of people, Reuters reports. “Posts containing information like social security...
  • Softbank's Vision Fund is among the entities that have participated in a new fund-raising exercise by Chinese truck-hailing services firm Manbang. Photo: Bloomberg

    Softbank, Alphabet invest in China truck-hailing firm

    Apr 25, 2018 8:37am
    Chinese truck-hailing service platform Manbang has raised US$1.9 billion from a group of investors including Japan’s Softbank Group and Alphabet’s venture capital fund CapitalG. Manbang, formally known as Full Truck Alliance Group, said on Tuesday that...
  • WhatsApp will ask European users to confirm they are at least 16 years old when they are prompted to agree to new terms of service. Photo: Reuters

    WhatsApp raises minimum age in EU to 16 ahead of new data law

    Apr 25, 2018 8:34am
    WhatsApp, the popular messaging service owned by Facebook Inc., is raising its minimum age from 13 to 16 in Europe to help it comply with new data privacy rules coming into force next month, Reuters reports....
  • Twelve partner companies and "incubatees" of Hong Kong Science and Technology Parks Corporation won 15 awards at the 46th International Exhibition of Inventions of Geneva. Photo: Internet

    HKSTP delegation bags 15 awards at top invention show

    - Apr 24, 2018 5:55pm
    A dozen partner companies and “incubatees” of Hong Kong Science and Technology Parks Corporation (HKSTP) brought home 15 awards from this year’s International Exhibition of Inventions of Geneva, the world’s most prestigious innovation show. The awards include...
  • With a total reach of 30 million to 50 million websites, Google tracks its users whether or not they are logged in. Photo: Bloomberg

    Google collects more data on users than Facebook does: report

    - Apr 24, 2018 3:30pm
    After Facebook’s Cambridge Analytica scandal, Alphabet-owned Google’s data practices may be under fire next. Writing in the Wall Street Journal, Christopher Mims explains how the search engine giant hoovers up user data through apps, web browsing,...
  • ZTE has no one to blame but itself for the US export ban that is now threatening to wreak havoc on its supply chain. Photo: Reuters

    ZTE owes its investors an apology

    - Apr 24, 2018 11:31am
    ZTE Corp. could be going through an existential crisis at the moment after the US Commerce Department barred American companies from selling technologies and components to the Shenzhen-based telecommunications equipment maker for seven years. The export...
  • The European Commission is concerned that  Apple's acquisition of  Shazam might give the iPhone maker an unfair advantage in poaching users from its rivals. Photo: Bloomberg

    EU opens competition probe into Apple’s bid for music app Shazam

    Apr 24, 2018 9:37am
    EU antitrust regulators have opened an investigation into Apple’s bid for British music discovery app Shazam, concerned the deal might give the iPhone maker an unfair advantage in poaching users from its rivals, Reuters reports. Apple...
  • Strong ad sales and good investments in startups helped Google's parent company post better-than-expected first-quarter results. Photo: Reuters

    Google parent delivers forecast-beating quarterly results

    Apr 24, 2018 9:26am
    Alphabet Inc, the corporate parent of Google, on Monday reported first-quarter sales and profit that topped analyst forecasts, thanks to strong ad sales and a change in accounting for investments in startups, Reuters reports. Net income...
  • Page previews have been introduced in the English version of Wikipedia since last Tuesday, allowing users to aim the cursor over a blue link to read a preview of another page. Photo: Bloomberg

    Wikipedia adds page previews for faster comprehension

    Apr 23, 2018 6:17pm
    Wikipedia has added a new feature to save users’ time and facilitate a better of understanding of the subject being searched. Page previews have been introduced in the English version of Wikipedia since last Tuesday, Engadget reports,...
  • A slide in values of bitcoin and other virtual currencies has dampened retail trading activity on major crypto exchanges. Photo: Reuters

    Crypto trading on exchanges halved from Dec peak: report

    Apr 23, 2018 9:32am
    Trading activity on cryptocurrency exchanges has halved from its December peak, Reuters reports, citing data compiled by crypto analysis website CryptoCompare. Average daily traded volumes across cryptocurrency exchanges fell to US$9.1 billion in March and to...
  • ZTE says it is in ‘active communications with relevant parties and seeking a solution to the US export denial order.’ Photo: Bloomberg

    ZTE seeks resolution of US export ban

    Apr 23, 2018 9:14am
    ZTE Corp said on Sunday that it is seeking a resolution to the ban imposed by the United States on sale of components and software to the company. ZTE “has learnt from its past experiences on export...
  • The seven-year export ban on ZTE Corp. will definitely affect the Chinese company's supply chain. Photo: Reuters

    China’s muted response to US export ban on ZTE

    - Apr 23, 2018 8:58am
    The United States has imposed a seven-year export ban on China’s ZTE Corp., which means American companies are prohibited from selling hardware and software to the Chinese telecom giant. The ban, which will last until 2025,...
  • Amazon is committed to large-scale investments in India to achieve its business goals in the country, says Amit Agarwal, the head of Amazon India. Photo: Reuters

    Amazon expects groceries to make up large part of India sales

    Apr 23, 2018 8:56am expects groceries and household products to account for more than half of its business in India in the next five years, a top executive said. Amit Agarwal, the India head of Amazon, told Reuters that...
  • Apple’s new recycling robot can disassemble up to 200 iPhone devices per hour. Photo: Apple

    Apple unveils its new iPhone recycling robot ‘Daisy’

    Apr 20, 2018 6:14pm
    Apple on Thursday introduced a new iPhone recycling robot, alongside several recycling initiatives. The tech giant launched a robot which can disassemble used iPhones with greater efficiency and sort the phone components for recycling. The recycling...

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