Date
23 July 2018

Tech

  • Tesla's planned China production facility will help the firm avoid high import tariffs amid a trade war between Washington and Beijing. Photo: Reuters

    Tesla reaches deal to build big factory in Shanghai

    Jul 11, 2018 9:34am
    Tesla announced on Tuesday that it has reached a deal with Chinese authorities to build a factory in Shanghai, a move that would help the US electric-car maker double its global manufacturing.  The new plant, which...
  • Didi wants to build a fleet of internet-connected, environment-friendly cars with more comfortable seats and luggage space. Photo: Reuters

    Didi signs up Continental for tailor-made electric cars

    Jul 11, 2018 9:28am
    China’s Didi Chuxing signed an agreement with German automotive supplier Continental AG to cooperate in developing internet-connected, electric cars tailor-made for Didi’s ride-hailing services, Reuters reports. Didi currently uses regular passenger cars for its service, but...
  • The former Apple employee was accused of downloading a blueprint related to a self-driving car to a personal laptop before trying to flee the United States for China. Photo: Reuters

    Ex-Apple worker charged with stealing self-driving car blueprint

    Jul 11, 2018 9:20am
    US authorities charged a former Apple Inc. employee with stealing trade secrets on Monday, accusing him of downloading a blueprint related to a self-driving car to a personal laptop before trying to flee the country for...
  • Xiaomi founder and CEO Lei Jun has positioned his company as a provider of value-for-money products. Photo: Bloomberg

    Xiaomi’s business model has a fatal flaw

    - Jul 10, 2018 4:21pm
    Chinese smartphone maker Xiaomi (01810.HK) closed at HK$16.8 on its trading debut on Monday, down 1 percent from its issue price. This despite rare words of support from no less than Financial Secretary Paul Chan Mo-po , who graced...
  • Tencent must convince investors that its plan to spin off its online music platform will not dilute their interest in the company as a whole. Photo: Bloomberg

    Can Tencent Music repeat the success of China Literature?

    Jul 10, 2018 11:37am
    Several months ago, an article that went viral on Chinese social media chastised Tencent Holdings for focusing on financial tricks rather than its business operations, alleging that the company has drifted away from its original mission of...
  • Tencent is preparing to hive off its music-streaming unit for a stock market listing in the US. Photo: Reuters

    Tencent plans to list online music unit in US

    Jul 10, 2018 9:47am
    Chinese internet giant Tencent Holdings has confirmed that it will spin off its online music business for a planned listing in the United States. Terms of the proposed spin-off of the unit, including offering size, price...
  • Chinese Prime Minister Li Keqiang shakes hands with Siemens CEO Joe Kaeser as German Chancellor Angela Merkel looks on during a signing ceremony in Berlin on Monday for some commercial accords. Photo: Reuters

    Siemens inks deal with Alibaba for China loT partnership

    Jul 10, 2018 9:29am
    Siemens has entered into an agreement with Alibaba Group to use the Chinese online giant’s cloud infrastructure for rollout of the German firm’s digital operating system MindSphere, Reuters reports. The deal was among a raft of...
  • Indian Prime Minister Narendra Modi (3rd from left) and South Korean President Moon Jae-in (2nd from left) inaugurate Samsung's new factory in Noida on Monday. Photo: Reuters

    Samsung opens world’s largest phone factory in India

    Jul 10, 2018 9:29am
    Samsung Electronics has formally opened a new factory in India, which the South Korean tech group says is the world’s biggest mobile phone manufacturing plant. The move is part of the company’s plans to expand production...
  • Lime and Uber are said to be working to co-brand Lime’s scooters and make the service available on the Uber app. Photo: Reuters

    Uber, Alphabet invest in bike-sharing service Lime

    Jul 10, 2018 9:09am
    Bike sharing service Lime has raised US$335 million from a group of investors that included ride-sharing firm Uber Technologies and Google parent Alphabet. The investment round was led by GV, formerly Google Ventures, and the other...
  • Virgin Group founder Richard Branson (4th from right) with Italian government officials and members of Italy's aerospace industry after the signing of the agreement at Sitael's headquarters in  Bari, southern Italy on Friday. Photo: Virgin Galac

    Virgin Galactic, two partners to launch space flights from Italy

    Jul 9, 2018 7:27pm
    Commercial spaceflight venture Virgin Galactic has teamed up with two aerospace companies to launch flights into space from Italy, TechCrunch reports. Virgin Galactic’s new partners are Altec, owned by the Italian Space Agency, and Sitael, Italy’s largest...
  • Groupon, which is facing some challenges now despite being a pioneer in the online daily deals marketplace, is reported to be scouting for a buyer. Photo: Bloomberg

    Groupon said to seek a buyer; Alibaba seen potential suitor

    Jul 9, 2018 12:00pm
    Daily-deals website Groupon is looking for a buyer after operating as an independent company for about 10 years, according to Recode.  Executives and bankers of the Chicago-based firm have been especially aggressive last month contacting several public...
  • Facebook has launched a high-end business magazine called Grow in some Western markets, targeting business leaders and corporate executives. Photo: Reuters

    What prompted Facebook to launch a print magazine?

    - Jul 9, 2018 9:53am
    Social networking websites emerged as one of the biggest threats for the print media over the last decade. As mobile device users can access enormous information online via social platforms, there was a question as to...
  • Xiaomi may be a great brand, but it's facing a lot of headwinds on the way to its listing. Photo: Reuters

    What’s wrong with Xiaomi?

    - Jul 6, 2018 4:13pm
    Everything that could go wrong went wrong for Xiaomi Corp. as it heads toward its trading debut on Monday. The high-profile listing billed as the largest technology offering since 2014 is expected to open 10 percent...
  • ZTE has overhauled its management as part of a deal reached with US authorities to end sanctions on the company. Photo: Reuters

    ZTE names new CEO, other top executives to comply with US deal

    Jul 6, 2018 9:40am
    Chinese telecom equipment maker ZTE Corp has appointed a new team of top executives, including a CEO, to comply with a deal it made with the United States to end a US components supply ban. ZTE...
  • Micron Technology said the ban on chip sales imposed by a Chinese court would weaken quarterly revenue by just 1 percent. Photo: Reuters

    Micron says China ban unfair but won’t hurt revenue

    Jul 6, 2018 9:25am
    Micron Technology Inc. played down the likely impact on its business of a temporary Chinese ban on some chip sales but said it would appeal a decision that has added to US-China trade tensions, Reuters reports....
  • Netflix is reported to be testing new price points and features in its video streaming service. Photo: Reuters

    Netflix said to be testing a new, pricier service tier

    Jul 5, 2018 6:11pm
    Online streaming giant Netflix is reportedly testing a new, more expensive tier of service that delivers better video quality. The new, pricier tier is called Ultra, according to Newsweek, which followed up on information first published...
  • A file picture of Simon Loong, the founder of online lending platform WeLab. The fintech startup is gearing up for a Hong Kong IPO. Photo: Bloomberg

    How WeLab is doing things right

    - Jul 5, 2018 1:20pm
    WeLab Holdings, a Hong Kong-based financial technology unicorn backed by big names like Li Ka-shing’s TOM Group and Jack Ma’s Alibaba Group, has filed a listing application with the Hong Kong bourse. A draft prospectus reveals...
  • A file photo shows Kim Dotcom, founder of Megaupload.com, speaking to the media as he leaves the high court in Auckland. The internet entrepreneur can be extradited to the US to face racketeering and criminal copyright charges, a New Zealand court has rul

    Megaupload’s Kim Dotcom can be extradited to US, NZ court rules

    Jul 5, 2018 9:15am
    Internet entrepreneur and Megaupload founder Kim Dotcom can be extradited to the US to face racketeering and criminal copyright charges, a New Zealand court ruled on Thursday. The Court of Appeal rejected Dotcom’s petition and upheld a...
  • India is WhatsApp’s biggest market with over 200 million users. But false news on its app this year has contributed toward the triggering of mass beatings of more than a dozen people, at least three of whom have died. Photo: Reuters

    WhatsApp in India vows to act on false news amid mob beatings

    Jul 5, 2018 9:01am
    Facebook Inc.’s WhatsApp messenger service has responded to a call from India’s technology ministry to curb the spread of false information on its platform, saying such a task required a partnership between the pair as well...
  • The OECD said much of the productivity growth has been generated by a small of number of innovative firms that invest massively in technology but employ few workers compared to other more traditional companies. Photo: Reuters

    Blame ‘superstar’ tech firms for slow wage growth: OECD

    Jul 5, 2018 8:25am
    Fast-growing “superstar” tech firms are taking a growing share of national income in many countries, leaving workers’ overall wage growth subdued, the Organization for Economic Cooperation and Development said. Though unemployment in most OECD countries has...

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