23 July 2018


  • Tech billionaire Peter Thiel (right) and Jihan Wu (left), co-founder of bitcoin miner Bitmain, have invested in blockchain platform startup Photo:, Bloomberg

    Peter Thiel, Bitmain place bets on blockchain startup

    Jul 17, 2018 5:10pm
    Blockchain platform startup said it has closed a new funding round led by the tech billionaire Peter Thiel and Bitmain, a Chinese startup dominating the bitcoin mining industry. The amount raised is not disclosed in...
  • Paschal Lennon, director of global major projects at Otis, said the company's innovative building technology solutions fit into the Hong Kong government’s smart city initiative. Photo: HKEJ

    Otis unveils new technology for safer, personalized lift service

    - Jul 17, 2018 2:30pm
    An increase in the number of accidents involving malfunctioning lifts, which have resulted in injuries of several people, has raised concerns over the safety and reliability of elevator systems in Hong Kong. Otis, a manufacturer and...
  • A file photo shows an MTR employee assisting a customer standing near ticket machines inside a rail station. Hong Kong’s railway operator is now seeking to enhance its electronic fare payment systems. Photo: Bloomberg

    Why MTR is looking to upgrade its fare collection system

    - Jul 17, 2018 2:06pm
    Octopus cards have become an integral part of the lives of Hong Kong people after the stored-value product was launched in the city almost 21 years ago. Over the years, the smart card has seen an...
  • IBM says it had no choice but to sue Groupon after the latter refused to negotiate a licensing deal related to some technology. Photo: Bloomberg

    IBM seeks US$167 mln in patent dispute with Groupon

    Jul 17, 2018 9:18am
    International Business Machines Corp (IBM) has sought US$167 million in a lawsuit against Groupon after accusing the e-commerce marketplace operator of infringement of patented technology. An IBM lawyer told a jury in a court in Delaware...
  • The mobile gaming market is seen reaching US$70.3 billion in sales in 2018. Photo: Bloomberg

    KKR deal values AppLovin at US$2 billion

    Jul 17, 2018 9:04am
    Private equity firm KKR & Co. said it will acquire a minority stake in AppLovin Corp. for US$400 million, just months after the US mobile marketing firm was forced by Washington to scrap a deal to...
  • Netflix added 670,000 subscribers in the US, well below analysts’ estimates of 1.19 million. It signed up 4.47 million subscribers internationally, while analysts were expecting 4.97 million. Photo: Bloomberg

    Netflix shares tank after big miss on subscriber growth

    Jul 17, 2018 8:41am
    Netflix Inc.’s subscriber growth fell short of Wall Street expectations, sending shares of the normally high-flying stock down 14 percent on fears that the company’s rapid expansion is slowing, Reuters reports. The streaming video pioneer added...
  • Facebook, YouTube and Twitter will be asked whether social media companies are filtering content for political reasons. Photo: AFP

    Facebook, Twitter, Alphabet to testify at US House hearing

    Jul 16, 2018 9:41am
    The US House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc., Alphabet Inc.’s YouTube unit and Twitter Inc. on whether social media companies are filtering content for political reasons, Reuters...
  •, Hong Kong’s first bike-sharing service provider, decided to close down its Hong Kong operation after incurring heavy losses mainly due to huge maintenance costs. Photo: Reuters

    Bike-sharing business model won’t work in Hong Kong

    - Jul 13, 2018 5:48pm, Hong Kong’s first bike-sharing service provider, has shut down the business after its launch in April last year. The bike-sharing business model can’t sustain itself. It has succeeded in mainland China because internet giants like...
  • A customer tries Alipay's facial recognition payment solution at a restaurant in Hangzhou. China is widely believed to be taking the lead in piloting payment solutions. Photo: Reuters

    Why many HK consumers still don’t use smart payment systems

    - Jul 13, 2018 11:32am
    The Hong Kong Productivity Council last week released the inaugural AlipayHK Smart Payment Popularity Index, which shows that electronic payment solutions are not yet widely accepted in the city. Though merchants are very optimistic, local residents...
  • The US government's decision to contest a federal judge's approval of the AT&T-Time Warner deal doesn't come as a surprise, AT&T says. Credit: Reuters

    US govt to appeal court nod for AT&T-Time Warner deal

    Jul 13, 2018 8:49am
    The US Justice Department said on Thursday that it will appeal a judge’s decision to clear AT&T’s mega-merger deal with Time Warner, Reuters reports. AT&T was sued by the Justice Department on antitrust grounds, with authorities...
  • HTC seems to believe that blockchain technology and decentralized app ecosystem can be a game-changer for the smartphone maker. Photo: Bloomberg

    Can a blockchain-powered phone help HTC out of the woods?

    - Jul 12, 2018 2:01pm
    HTC is no longer among the top players in global smartphone shipments, but that doesn’t mean the company has halted innovation. Last year, the Taiwan firm launched the U11 device that bore a new “Edge Sense”...
  • Broadcom will finance the deal with cash on hand and US$18 billion in debt financing. Photo: Bloomberg

    Broadcom agrees to buy CA Technologies for US$18.9 billion

    Jul 12, 2018 9:43am
    Broadcom Inc. has agreed to acquire US business software company CA Technologies for US$18.9 billion in a bid to diversify beyond semiconductors, Reuters reports. The deal announced on Wednesday would come just four months after US...
  • Comcast has raised the stakes in a bidding war with Rupert Murdoch's Twenty-First Century Fox for control of European pay-TV group Sky. Photo: Reuters

    Comcast ups offer for Sky to US$34 bln in bidding war with Fox

    Jul 12, 2018 9:14am
    US cable giant Comcast raised its offer for Britain’s Sky to US$34 billion, topping a raised bid of US$32.5 billion for the pay-TV group from Rupert Murdoch’s Twenty-First Century Fox, Reuters reports. Comcast on Wednesday increased...
  • Initial coin offerings can pose high risks to investors. Photo: Reuters

    Over half of ICO-funded firms close in four months, study finds

    - Jul 11, 2018 5:20pm
    More than a half of the startups funded with initial coin offerings (ICO) closed within four months, a study by Boston College finds. The college tracked 2,390 ICO-financed companies through their Twitter posts and found that only 44.2 percent were...
  • China's leading real estate service firm E-house has the support of the country's internet giant Alibaba, and 26 property developers including Vanke, Evergrande and Country Garden. Photo: E-house

    Alibaba, 26 property developers support E-house IPO

    - Jul 11, 2018 4:39pm
    A number of mainland companies are launching initial public offerings in Hong Kong after Xiaomi’s listing. E-house (China) Enterprise Holdings, a leading real estate service firm, plans to list in the city with a proposed valuation...
  • co-founder and CEO Raphael Cohen (inset) says the company is halting its operations due to losses and high bike maintenance costs. Photos: China News Agency, Internet going out of business amid financial troubles

    Jul 11, 2018 2:39pm, Hong Kong’s first station-less bicycle sharing company, which allows people to rent and drop off a bicycle around the city through a mobile app, is putting an end to its operations as it seeks to...
  • Microsoft is launching a cheaper and lighter tablet computer as it seeks to fight Google Chromebooks and Apple's iPads in the classroom market. Photo: Bloomberg

    Will Microsoft find success in student market with new tablet?

    - Jul 11, 2018 2:16pm
    Apple has been a leader in the tablet computer market for a long time following the introduction of the iPad in 2010. However, the launch of Google-backed Chromebooks and Microsoft Surface devices resulted in the market...
  • Alipay promotes its 'Double 12' shopping event in Hong Kong. China's dominant fintech player has expanded fast in the city. Photo: Xinhua

    Ant Financial eyes new overseas markets for digital payments

    Jul 11, 2018 1:28pm
    After years of stunning growth led by two home-grown giants Alipay and WeChat Pay, China’s digital payments market appears somewhat saturated for now. With business slowing at home, mainland players have begun to set their sights...
  • A satellite image of Damascus, Syria. Artificial intelligence is being used to analyze the bird's eye view of satellite pictures. Photo: Reuters

    GANs open up enormous possibilities

    - Jul 11, 2018 11:23am
    “A falling leaf reveals the coming of fall,” says an old Chinese saying. Humans always try to determine the overall picture on the basis of small details. However, some angles can only be achieved with the help...
  • Chinese smartphone maker Xiaomi has failed to live up to all the hype that it had built up earlier about its Hong Kong IPO. Photo: HKEJ

    Xiaomi’s deflated IPO: What are the lessons?

    - Jul 11, 2018 10:55am
    Xiaomi, Hong Kong’s first listing with multiple-class share structure, made a weak trading debut on Monday. One can only speculate now as to whether the tepid investor response was due to bad timing for the mega-IPO,...

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