18 November 2018

Tech, Media & Telecom

  • By mid-2020, Hong Kong commuters will have the option to enter MTR stations by scanning a QR code on their smartphones via AlipayHK mobile app. Photos: AlipayHK, CNSA

    AlipayHK to launch QR code payment for MTR by mid-2020

    Nov 16, 2018 12:22pm
    Hong Kong’s MTR Corp. (00066.HK) is introducing QR code-based payments for travelling on the city’s railway and metro system, with AlipayHK selected as the service provider for an initial period. According to an agreement signed between...
  • Apple has inked a deal with a film studio as it seeks to bring in more original content for its users. Photo: Reuters

    Apple signs up film studio A24 for original productions: report

    Nov 16, 2018 9:33am
    Apple has inked a multi-year content deal with A24, the studio behind Oscar-winning projects “Moonlight” and “Amy”, Reuters reports, citing a source familiar with the matter. The partnership comes as the iPhone maker pushes deeper into...
  • Tesla has acquired trucking capacity to ensure Model 3 can be delivered in the United States by the end of the year if ordered by Nov. 30, CEO Elon Musk said. Photo: Reuters

    Tesla vows to deliver new Model 3 orders by year-end

    Nov 16, 2018 9:15am
    Tesla Inc. chief executive Elon Musk said Model 3s ordered in the United States by the end of this month will be delivered by Dec. 31, Reuters reports. “Tesla just acquired trucking capacity to ensure Model...
  • Ko Wen-je (L), mayor of Taipei, is seen in a video frame with VTuber Hoonie. As the virtual character gained popularity in Taiwan, it started appearing on TV programs and events in the real world. Photo: Oath

    ‘Virtual YouTuber’ Hoonie coming to Hong Kong

    - Nov 15, 2018 4:20pm
    Of late, we have seen a new wave of virtual talents making their presence felt in the online entertainment scene in the region. Called “virtual YouTubers,” or “VTubers”, the entertainers, represented by digital avatars that look...
  • Tencent plans to channel more resources into the so-called industrial internet to help Chinese enterprises upgrade themselves for a digital future. Photo: Bloomberg

    How Tencent is trying to protect its future

    - Nov 15, 2018 1:14pm
    Tencent has reported better-than-expected financial and operational results for the third quarter, prompting investors in the Chinese social media and gaming giant to heave a huge sigh of relief. Looking at the numbers, one can assume...
  • Rapid development of AI means greater challenges in risk control. Photo: China News

    Why AI needs to be paired with blockchain

    - Nov 15, 2018 12:08pm
    Failures of artificial intelligence have been widely reported. The reported cases might, in fact, be just the tip of an iceberg, with both regulators and customers struggling with AI’s uncontrollability. When AI makes mistakes, it’s hard...
  • Ride-hailing services giant Uber remains in the red as it continues to invest ahead of a planned 2019 IPO. Photo: Reuters

    Uber posts US$1 bln Q3 loss as bookings growth slows

    Nov 15, 2018 9:30am
    Uber Technologies posted a more than US$1 billion loss in the three months to September as the company continued to invest in new business segments such as freight and food delivery and electric bikes and scooters. ...
  • 5G networks are expected to be at least 100 times faster than current 4G networks and cut latency, or delays, to less than one-thousandth of a second from one-hundredth of a second in 4G. Photo: Bloomberg

    US launches its first high-band 5G spectrum auction

    Nov 15, 2018 9:21am
    The Federal Communications Commission on Wednesday launched the agency’s first high-band 5G spectrum auction as it works to clear space for next-generation faster networks, Reuters reports. Bidding started on Wednesday on the spectrum in the 28 GHz...
  • Babytree founder and chairman Wang Huainan believes "the listing will bring us way more benefits than remaining as a private firm" regardless of the market's current weakness. Photo: Reuters

    Alibaba-backed Babytree trims size of Hong Kong IPO

    Nov 15, 2018 7:57am
    Alibaba-backed online parenting firm Babytree Group launched an initial public offering of up to US$281 million in Hong Kong on Wednesday, far below what the Chinese company had hoped to raise, as weak markets force firms...
  • Tencent shares, which more than doubled in 2017, have dropped by about a third so far this year. Photo: Bloomberg

    Tencent profit beats forecasts but gaming worries persist

    Nov 15, 2018 7:39am
    Tencent (00700.HK) posted third-quarter earnings that beat forecasts but gave no update on a regulatory block in China that has damaged its core gaming business, Reuters reports. Regulators have imposed tougher rules on the gaming industry,...
  • A survey finds that only one percent of customers feel that vendors consistently meet their expectations in terms of online experience. Photo: Reuters

    Technology helps replicate in-store customer experience online

    - Nov 14, 2018 4:51pm
    As an increasing number of consumers prefer to seek product information on the internet and do their shopping online, being able to deliver a good digital customer experience has become a key to business success. Meanwhile,...
  • A screen shows the value of goods being transacted at Alibaba Group's Singles' Day global shopping festival last Sunday. Apple was reportedly the top-selling brand in the mobile phone category. Photo: Reuters

    Apple gets some good news from China

    - Nov 14, 2018 1:22pm
    After a spate of negative reports recently, featuring topics such as rumored cuts in iPhone orders and fading luster in the Indian market, there is finally some good news for Apple. In China, Apple’s second largest...
  • Snap’s Snapchat messaging app has struggled with user growth since the company's initial public offering in March 2017. Photo: Bloomberg

    Snap subpoenaed by US authorities over IPO disclosures

    Nov 14, 2018 10:06am
    The US Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc. for information about its March 2017 initial public offering, the social media app maker told Reuters. Snap said in a statement it has...
  • New York Governor Andrew Cuomo and city mayor Bill de Blasio speak during a news conference on Monday about Amazon's headquarters expansion to Long Island City. Photo: Reuters

    Amazon picks NYC, Washington DC area for new offices

    Nov 14, 2018 9:28am
    Amazon announced on Tuesday that it will build new offices in New York City and in an area just outside Washington, D.C., splitting its second headquarters, or HQ2, between the two locations. Branching out from its...
  • WeWork said net losses jumped to US$723 million in the first half of 2018 from US$154 million a year earlier. Photo: Bloomberg

    WeWork gets US$3 billion in new funding from SoftBank

    Nov 14, 2018 9:02am
    US shared office space provider WeWork Cos has secured an additional US$3 billion in funding from Japan’s SoftBank Group Corp., according to an investor presentation seen by Reuters. The latest funding was in the form of a...
  • As Tencent readies to report its third-quarter results, investors are hoping that chairman Pony Ma (seen in picture) will offer words of reassurance that can help the stock regain its mojo. Photo: Bloomberg

    Tencent chief, in new song, promises not to let you down

    - Nov 13, 2018 2:11pm
    All eyes are on Tencent as the Chinese internet giant prepares to release its third-quarter financial report on Wednesday. For the moment, the bear seems to have an upper hand over the firm’s stock market prospects,...
  • A screen shows Alibaba Group's sales surpassing 213.5 billion yuan for this year's Singles Day global shopping event in Shanghai on Sunday. Photo: Reuters

    What Alibaba’s Double 11 event tells us about China’s economy

    - Nov 13, 2018 12:15pm
    Alibaba Group established a new record for its “Double 11″ global shopping festival on Sunday with sales surging 27 percent from the previous year to 213.5 billion yuan (US$30.66 billion). The e-commerce giant’s top honchos along...
  • Softbank Group will beef up its war-chest for global tech investments following the IPO of its Japanese telecoms unit. Photo: Bloomberg

    SoftBank wins nod for US$21 bln IPO for Japan mobile unit

    Nov 13, 2018 9:51am
    Japan’s SoftBank Group has won approval to conduct a 2.4 trillion yen (US$21.04 billion) initial public offering (IPO) of its domestic telecoms business, Reuters reports. The IPO, which will be one of the biggest ever worldwide,...
  • The deal will help SAP strengthen its customer relationship management software offering. Photo: Reuters

    SAP buys IPO-bound sentiment tracker Qualtrics for US$8 billion

    Nov 13, 2018 9:03am
    German business software company SAP has agreed to buy Qualtrics International for US$8 billion in cash, pre-empting a planned stock market listing by the US-based company which specializes in tracking online sentiment, Reuters reports. The deal...
  • Apple sold 46.9 million iPhones in the fourth quarter, missing analyst expectations of 47.5 million iPhones. Photo: Reuters

    Apple shares drop on iPhone suppliers’ warnings

    Nov 13, 2018 8:52am
    Apple Inc. shares fell to their lowest in more than three months as three suppliers issued warnings on results that pointed to weakness in iPhone sales, Reuters reports. The Cupertino, California company’s signature product has become...

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