Date
24 January 2018

Tech

  • Alphabet Inc.’s Google has agreed to a patent licensing deal with Tencent Holdings, the most popular messaging app in China. Photo: Reuters

    Google signs patent licensing agreement with Tencent

    Jan 19, 2018 4:10pm
    Alphabet Inc.’s Google has agreed to a patent licensing deal with Tencent Holdings Ltd., covering a broad range of products and technologies, Reuters reports. Under the cross-licensing agreement, two of the world’s largest corporations are open...
  • Toronto is among the 20 cities that Amazon has shortlisted as the location for the e-commerce giant's planned second headquarters. Photo: Reuters

    Amazon shortlists 20 cities for ‘HQ2′

    Jan 19, 2018 9:18am
    E-commerce giant Amazon on Thursday unveiled a shortlist of 20 locations for its planned second headquarters, with the Canadian city of Toronto figuring on the list. The finalists, chosen from among 238 places that applied in...
  • Qualcomm is set to become the leading supplier to the fast-growing automotive chip market following its takeover of NXP Semiconductors. Photo: Reuters

    EU antitrust regulators clear Qualcomm purchase of NXP

    Jan 19, 2018 9:02am
    EU antitrust regulators have approved US chipmaker Qualcomm’s planned US$38 billion acquisition of NXP Semiconductors subject to a series of commitments Qualcomm has made. Qualcomm said the European Union clearance, along with approval earlier on Thursday...
  • The proposal to use laser to eradicate space debris has raised suspicions that it could also have a military purpose. Photo: Xinhua

    China’s laser solution to destroy space junk sparks suspicions

    Jan 18, 2018 6:24pm
    Aerospace technology has become an integral part of global telecommunications, and many companies and countries are competing for a slice of the market. The downside of this development is the growing amount of litter circling our planet....
  • Ant Financial, an online financial services affiliate of Jack Ma's Alibaba Group, has taken a 20 percent stake in OpenRice, Hong Kong's most popular online restaurant database and review service. Photo: Bloomberg/OpenRice

    Ant Financial buys stake in HK restaurant database OpenRice

    Jan 18, 2018 12:54pm
    Ant Financial, an affiliate of Jack Ma’s Alibaba Group, has announced a strategic partnership with OpenRice, Hong Kong’s most popular online restaurant database and review service. With the partnership, Ant Financial will become a minority shareholder...
  • Google is pushing its smart speakers aggressively, challenging the dominance of Amazon in that fast-growing segment. Photo: Reuters

    Rivalry in smart speaker market heating up

    - Jan 18, 2018 12:23pm
    The “Hey Google” slogan could be seen everywhere during the 2018 Consumer Electronics Show in Las Vegas last week, as the internet giant tried to make a big statement about its Google Assistant smart speaker. Back...
  • Ant Financial, the operator of mobile payment platform Alipay, has taken a 20 percent stake in Hong Kong-based food and restaurant review website OpenRice. Photo: Bloomberg/OpenRice

    What Alibaba should keep in mind when doing business in HK

    - Jan 18, 2018 12:10pm
    Alibaba Group’s digital payments unit Ant Financial has been aggressively expanding its business outside mainland China. It recently suffered a setback in the United States, where regulators shot down its US$1.2 billion bid to acquire MoneyGram...
  • Following criticism from British lawmakers, Facebook has agreed to widen an internal probe into alleged Russian propaganda ahead of the 2016 Brexit referendum. Photo: Reuters

    Facebook widens probe into alleged Russian meddling in Brexit

    Jan 18, 2018 9:55am
    Facebook has agreed to conduct a new, comprehensive search of its records for possible propaganda that Russian operatives may have spread during the run-up to Britain’s 2016 referendum on EU membership. The social media giant’s UK...
  • Broadcom said the investigation has no impact on its proposal to acquire Qualcomm. Photo: Bloomberg

pursues a hostile takeover of Qualcomm in a US$103 billion deal.

    US regulator investigating Broadcom for antitrust practices

    Jan 18, 2018 9:43am
    The Federal Trade Commission is investigating whether chipmaker Broadcom Ltd. engaged in anticompetitive tactics in negotiations with customers, the company said. The US regulator has stepped up its investigation of the company with subpoenas that seek...
  • Apple CEO Tim Cook has stressed the tech giant's enormous contributions to the US economy. Photo: Bloomberg

    Apple to pay US$38 bln in foreign cash taxes, create 20,000 jobs

    Jan 18, 2018 9:18am
    Apple Inc. plans to make a one-time tax payment of US$38 billion on profits overseas and boost spending in the United States, the Wall Street Journal reports, amid criticism that it is outsourcing manufacturing and stashing cash...
  • Bitcoin could retreat further and slip below the US$6,000 mark, according to Citi analysts. Photo: Reuters

    Bitcoin falls below US$10,000 as selloff continues

    Jan 18, 2018 8:53am
    Bitcoin fell below the US$10,000 level on Wednesday as a selloff continued in cyrptocurrencies amid fears of a regulatory clampdown on the units in various countries including South Korea and China. The world’s biggest virtual currency...
  • Telecom and media entrepreneur Ricky Wong appears to be confident about the prospects of his group's e-commerce platform. Photo: HKEJ

    Can HKTV win Hong Kong e-commerce battle?

    - Jan 17, 2018 1:07pm
    Hong Kong has been a laggard relative to other mature markets in the region in latching onto the e-commerce trend, but the territory is now trying to catch up as consumer shopping habits change.    Thanks...
  • Google denied media reports that it was re-launching its Google Maps platform in China. Photo: Reuters

    Google denies mapping service returning to China

    Jan 17, 2018 12:51pm
    Alphabet Inc.’s Google denied media reports that the technology giant was re-launching its mapping platform in China, after eight years of the service being severely restricted. The world’s largest internet search engine said “there have been no...
  • The 2018 Finwise Summit, held in Macau over the weekend, was attended by over 3,000 people, making it the most popular blockchain meeting in the world. Photo: finwisesummit.org

    Why Macau has become the new cryptocurrency hub

    - Jan 17, 2018 9:45am
    Quite a few people from the startup and tech community in Hong Kong were out of town recently, but, no, they weren’t in Shanghai or Israel. Most of them were visiting the neighboring city of Macau....
  • A demonstrator opposed to the rollback of net neutrality rules holds a sign outside the US Federal Communications Commission's headquarters in Washington DC, in this picture from Dec. 14. Credit:  Bloomberg

    US states file lawsuit in bid to keep net neutrality

    Jan 17, 2018 9:08am
    A group of 21 state attorneys general in the United States filed a lawsuit on Tuesday to challenge the Federal Communications Commission’s decision to do away with net neutrality, Reuters reports. The state attorneys, including those...
  • Pierre Forte, founder and CEO of Pragma Industries, said the Alpha bike runs for about 100 kilometers on a two-liter tank of hydrogen. Photo: Reuters

    French startup launches hydrogen-powered bicyles

    Jan 17, 2018 8:59am
    A French startup has become the first company to start factory production of hydrogen-powered bicycles for use in corporate or municipal fleets. Pragma Industries, which is based in Biarritz, France and makes fuel cells for military...
  • Following a massive slide this week, bitcoin is down almost 50% from its record high near US$20,000 hit in mid-December. Photo: Reuters

    Cryptocurrencies plunge on regulatory crackdown fears

    Jan 17, 2018 8:50am
    Bitcoin lost a quarter of its value in early Asian trading hours on Wednesday amid mounting fears of a regulatory crackdown on cryptocurrencies, with investors unnerved by reports suggesting potential action from South Korean and Chinese...
  • A.P. Moller-Maersk said the trading platform will be made available to the ocean shipping industry by the middle of this year. Photo: Bloomberg

    Maersk, IBM to launch blockchain-based platform for global trade

    Jan 17, 2018 8:46am
    The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. Success of the platform, which will...
  • Ponhu-Luxury, which operates TRUETRUE, a trading platform for second-hand luxury goods, has raised 100 million yuan in a Series A funding round. Photo: TRUETRUE homepage

    Ponhu-Luxury raises 100 mln yuan for TRUETRUE trading platform

    Jan 16, 2018 6:40pm
    Ponhu-Luxury, which operates TRUETRUE (www.52Panghu.com), a trading platform for second-hand luxury goods, has raised 100 million yuan (around US$15 million) in a Series A funding round. The investors were led by Trinity Capital and include 1898 Venture Capital and...
  • US lawmakers are reportedly advising American firms to steer clear of partnerships with Huawei and other Chinese telecoms companies. Photo: Reuters

    US lawmakers urge AT&T to cut all ties with Huawei: report

    Jan 16, 2018 3:47pm
    US lawmakers are calling on AT&T to cut all commercial ties to Chinese telecom equipment maker Huawei Technologies due to perceived national security concerns, according to Reuters. Citing two unidentified congressional aides, the news agency reports that...

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