15 November 2019

Tech, Media & Telecom

  • Hong Kong will remain a major financial center as it has undertaken 'many encouraging' reforms in its capital market, Alibaba Group chairman Daniel Zhang said. Photo: Reuters

    HK’s future ‘remains bright’, Alibaba says amid stock offering

    Nov 15, 2019 11:43am
    Hong Kong’s “future is bright” as a top financial center, Alibaba Group Chairman Daniel Zhang said, as the Chinese ecommerce giant kicked off the retail campaign for its secondary listing in the city.  In the chairman’s...
  • Google is said to be facing an expanded US antitrust probe that will cover the firm's Android business. Photo: Reuters

    Google antitrust probe to expand into Android: report

    Nov 15, 2019 9:57am
    The several dozen attorneys general investigating advertising practices at Google are planning to expand their antitrust probe into the unit’s flagship Android business, CNBC reported on Thursday, citing people familiar with the matter. The investigation, led...
  • Amazon Web Services is fighting back against the US Defense Department's decision on a multi-billion-dollar cloud services contract. Photo: Reuters

    Amazon challenges Pentagon’s US$10 bln cloud award to Microsoft

    Nov 15, 2019 9:49am
    Amazon said on Thursday that it is contesting the Pentagon’s award of an up to US$10 billion cloud computing deal to Microsoft, expressing concern that politics got in the way of a fair contracting process, Reuters...
  • Huawei and ZTE's track record, as well as the practices of the Chinese government, demonstrate that the Chinese telecoms equipment firms cannot be trusted, William Barr said in a letter to the US Federal Communications Commission. Photo: Reuters

    China’s Huawei, ZTE ‘cannot be trusted’: US attorney general

    Nov 15, 2019 9:24am
    Huawei Technologies and ZTE Corp “cannot be trusted,” US Attorney General William Barr said, labeling the Chinese firms a security threat as he backed a proposal to bar US rural wireless carriers from tapping a government...
  • Billionaire investor Carl Icahn is pushing for a merger of HP and Xerox Corp, calling such idea a 'no-brainer'. Photo: Bloomberg

    Icahn takes stake in HP, pushes for merger with Xerox: WSJ

    Nov 14, 2019 3:38pm
    Activist investor Carl Icahn has bought a US$1.2 billion stake in HP and is pushing for the personal computer maker’s merger with printer maker Xerox Corp, arguing that a union could yield big profits for investors,...
  • After providing customers with the ability to make digital payments via Google Pay and Google Wallet, Google is now eyeing the consumer banking market. Photo: Bloomberg

    Google to offer personal banking accounts next year

    Nov 14, 2019 1:17pm
    Google is preparing to launch a personal checking account service in the United States as early as next year, following moves by some big tech rivals to increasingly expand into consumer finance. The consumer checking accounts...
  • Disney shares surged more than 7% after news of better-than-expected demand for its new streaming service. Photo: Reuters

    Disney streaming service records 10 mln sign-ups on day one

    Nov 14, 2019 12:24pm
    Entertainment giant Walt Disney Co witnessed huge demand for the firm’s new streaming service, Disney+, with sign-ups reaching 10 million in its first day. Disney+, which launched in the United States, Canada and the Netherlands on...
  • A potential merger deal between Yahoo Japan and Line will bring the messaging app operator under the SoftBank umbrella. Photo: Bloomberg

    SoftBank unit Yahoo Japan confirms merger talks with Line

    Nov 14, 2019 10:05am
    SoftBank unit Yahoo Japan confirmed that it is in talks to merge with Line Corp, a US$27 billion union that would bring the messaging app operator under the SoftBank umbrella, Reuters reports. Yahoo Japan, which last...
  • DJI Technology aims to roll out a free app in 2020 that would allow its users for the first time to identify any modern drone with a smartphone. Photo: Bloomberg/AFP

    China’s DJI unveils drone-to-phone tracking

    Nov 14, 2019 10:04am
    China’s DJI, the world’s largest commercial drone maker, said it is developing technology that would allow the public to track the registrations of drones in flight using just a smartphone, Reuters reports. SZ DJI Technology Co....
  • Facebook took down millions of posts depicting child abuse and suicide during the six-month period. Photo: AFP

    Facebook says it removed 3.2 bln fake accounts in six months

    Nov 14, 2019 9:46am
    Facebook Inc. removed 3.2 billion fake accounts between April and September this year, along with millions of posts depicting child abuse and suicide, Reuters reports, according to its latest content moderation report. That more than doubles...
  • Hikvision, the world’s biggest supplier of video surveillance systems, has been added to a US blacklist aimed at punishing Beijing for its treatment of Muslim minorities in Xinjiang. Photo: Reuters

    Billionaire Hikvision director named in Chinese disclosure probe

    Nov 14, 2019 9:34am
    China’s securities regulator is investigating one of the country’s richest men for alleged violation of disclosure rules as a director of surveillance camera giant Hikvision (002415.CN), Reuters reports, citing the company. Directors Gong Hongjia and Hu...
  • Alibaba's share offering in Hong Kong would be the world’s biggest cross-border secondary listing. Photo: Reuters

    Alibaba set to launch US$13.4 billion HK share sale: report

    Nov 13, 2019 6:49pm
    Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to US$13.4 billion as soon as Thursday, Reuters reports, citing two sources with knowledge of the discussions. The...
  • Tandem co-founder and CEO Ricky Knox said the app's AI engine helps customers predict cash flow, upcoming bills and expenses, and other financial issues. Photo: Tandem

 Co-Founder and CEO at Tandem, announces international expansion plan and the

    Tandem founder aims to take on banking giants

    - Nov 13, 2019 2:50pm
    App-based bank Tandem, which plans to expand into Hong Kong before the end of the year, is determined to take on the giants in the financial industry and grow into a “trillion-dollar business”, its co-founder and chief...
  • Smartphones were among the top-selling products on Alibaba’s online platform during the Double 11 festival this year. Photo: Reuters

    Apple, Huawei, Xiaomi reap big on Singles’ Day

    - Nov 13, 2019 2:20pm
    Alibaba Group has once again notched a big success on Singles’ Day, with total sales hitting a new high at 268.4 billion yuan (US$38.4 billion) during the 24-hour online shopping festival on Monday. Among the key...
  • Some people trying to access the Disney+ service were greeted by an error message on Tuesday. Photo: Reuters

    Disney+ debut hit by tech glitches, company blames demand

    Nov 13, 2019 10:13am
    Walt Disney Co.’s long-awaited debut in the streaming media wars was hit with technical glitches that the company said were caused by higher-than-expected demand, Reuters reports. It was unclear how many people successfully signed up and...
  • Tandem co-founder Ricky Knox said his challenger bank aims to make a big difference in the Hong Kong market, which has long been dominated by old, established names like HSBC. Photo: Tandem/Reuters

    UK challenger bank Tandem plans to launch in Hong Kong this year

    - Nov 12, 2019 7:16pm
    Tandem, the UK challenger bank co-founded by fintech veteran Ricky Knox, is gearing up to expand into Hong Kong before the end of the year, as part of its international growth plans. In an exclusive interview...
  • Huawei is preparing to reward staff who helped the company weather the impact of US trade sanctions. Photo: Reuters

    Huawei to reward staff with huge bonus as it rides out US curbs

    Nov 12, 2019 5:09pm
    Chinese telecoms equipment giant Huawei Technologies said on Tuesday that it will hand out 2 billion yuan (US$286 million) in cash rewards to staff working to help the firm ride out US sanctions. The reward is...
  • Facebook's Libra plan has inspired many advanced-economy central banks to accelerate their programs to provide broader-based retail digital currencies. Photo: Reuters

    The high stakes of the coming digital currency war

    - Nov 12, 2019 11:40am
    Facebook CEO Mark Zuckerberg was at least half right when he recently told the United States Congress that there is no US monopoly on regulation of next-generation payments technology. You may not like Facebook’s proposed Libra...
  • A screen displays the transaction volume of Alibaba’s Singles' Day shopping festival at the firm’s headquarters in Hangzhou, China early on Tuesday. Photo: Reuters

    Alibaba’s Singles’ Day sales hit new record, but growth slows

    Nov 12, 2019 11:30am
    Alibaba Group saw sales during its 24-hour Singles’ Day shopping blitz on Monday hit a record US$38.4 billion, though the growth rate was slower compared to previous years. The Chinese online retail giant announced that gross...
  • Google has landed its biggest cloud computing customer in the healthcare space. Photo: Reuters

    Google inks healthcare data, cloud computing deal with Ascension

    Nov 12, 2019 9:35am
    Google has sealed a cloud computing deal with US healthcare services provider Ascension, a partnership that could help the tech giant further develop artificial intelligence tools related to the segment. The partnership will explore artificial intelligence...