27 March 2017

Tech, Media & Telecom

  • An increasing number of Chinese consumers are getting used to making online payment for goods and services. Photo: Wechat

    Why China’s tech titans temper their fintech ambitions

    - Mar 27, 2017 8:57am
    China is at the forefront of the booming global fintech industry. While tech behemoths like Alibaba and Tencent seem to be conquering one area after another, they both hinted at scaling down their fintech development all...
  • Apple has won a key legal fight as a Beijing court has overturned a ruling that the iPhone 6 infringed a Chinese manufacturer's patent. Photo: Bloomberg

    Apple wins China patent dispute as court overturns ruling

    Mar 27, 2017 8:34am
    A Chinese court has overturned a ruling against Apple over iPhone patents, marking an important victory for the US-based tech giant in one of its key markets. The Beijing IP Court ruled on Friday that the...
  • Twitter has failed to attract enough in advertising revenue to turn a profit. Photo: AFP

    Twitter explores premium version after 11 years as free service

    Mar 24, 2017 9:39am
    Twitter Inc. said it is considering whether to build a premium version of its network aimed at professionals, raising the possibility that it could collect subscription fees from some users for the first time. Spokeswoman Brielle...
  • By assembling iPhones in India, Apple could reduce their prices in the fast-growing smartphone market. Photo: Xinhua

    Apple to start making iPhones in India soon: WSJ

    Mar 24, 2017 9:09am
    Technology giant Apple Inc. will soon start assembling iPhones in India, boosting the company’s chances of gaining a foothold in the fast-growing market, the Wall Street Journal reports. Taiwanese contract manufacturer Wistron Corp. will probably start making...
  • Amazon has been accused by President Donald Trump of 'getting away with murder tax-wise'. Photo: Reuters

    Amazon wins US$1.5 bln tax dispute over Luxembourg unit

    Mar 24, 2017 8:41am Inc. on Thursday won a US$1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago. Judge Albert Lauber of the US Tax Court rejected a...
  • The guilty plea by ZTE was part of an agreement the company reached earlier this month with US authorities that also called for nearly US$900 million in fines and other penalties. Photo: Reuters

    ZTE pleads guilty in US court over Iran sanctions

    Mar 23, 2017 8:09am
    Chinese telecom equipment maker ZTE Corp. has pleaded guilty in US federal court for conspiring to violate US sanctions against Iran by illegally shipping US goods and technology to the country. The guilty plea was part...
  • Improving logistics infrastructure is a key factor fueling the rapid growth of e-shopping, especially in small cities. Photo: China Daily

    Why online shopping sites will continue their dominance

    - Mar 22, 2017 4:06pm
    China’s retail sales rose 9.5 percent in February from the year before, making it one of the few sectors that maintain nearly double-digit growth rate. Online shopping has reported more than 30 percent growth, indicating that...
  • Despite mounting speculative interest, beauty-enhancing selfie app developer Meitu has not figured out a way to turn its huge user base into solid revenue and profit. Photo: Bloomberg

    What’s behind Meitu’s huge rally?

    - Mar 22, 2017 11:02am
    Meitu (01357.HK) experienced a roller coaster ride Monday, surging above 30 percent to more than HK$23 at a point before closing with an 11 percent loss at HK$15.98, or a 40 percent swing within an hour...
  • The new 9.7-inch iPad with a brighter Retina display will be available to order starting on Friday in the United States and more than 20 other countries and regions. Photo: Apple

    Apple unveils updated iPad with lowest-ever price

    Mar 22, 2017 8:12am
    Apple Inc. introduced a revamped version of the most popular size of its iPad at the cheapest price yet, and a shiny red iPhone 7, whose sales will help to combat AIDS. Apple unveiled a new...
  • Google says it's working hard to remove ads appearing on pages or videos with hate speech, gory or offensive content. Photo: Reuters

    Google apologizes for YouTube ad fiasco

    Mar 21, 2017 10:15am
    Google has apologized for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer and HSBC pulled advertising for British markets from Google sites. The British government has...
  • Amid the demand for digital payments, companies need to find a balance between customer desire for convenience and data security and privacy. Photo: WeChat

    Unlocking FinTech opportunities in the mobile payments era

    - Mar 21, 2017 10:05am
    Hong Kong has long been known as one of the world’s leading financial centers, able to attract some of the best global talent and multinational organizations. While its strengths are widely recognized, the city, however, cannot...
  • The combined Vodafone-Idea group would have a market share of 35 percent. Photo: Reuters

    Vodafone, Idea merge India operations to create market leader

    Mar 20, 2017 2:39pm
    Britain’s Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations to create the country’s biggest telecoms business in a bid to contest a brutal price war sparked by new rival Reliance. The...
  • Uber has been battered with multiple controversies over the past several weeks that have put the company's future into question. Photo: Reuters

    Uber president quits amid turmoil

    Mar 20, 2017 8:35am
    Uber Technologies Inc. is reeling from the departure of company president Jeff Jones, a marketing expert hired to help bolster its reputation. Jones quit less than seven months after joining the San Francisco company, Reuters reports,...
  • Investors would have already lost 30 percent of their money had they bought Snap shares at their high during its IPO earlier this month and held them until now.  Photo: Reuters

    How profitable are tech IPOs?

    - Mar 16, 2017 3:14pm
    Snap Inc. spiked shortly after listing earlier this month at the initial public offering price of US$17. The stock hit a high of US$29.44 at one point but has since then given back most of the...
  • The US$500 million cable project will provide a new data highway between Los Angeles and Hong Kong. Photo: Google

    Chinese firm to fund new data highway for Google, Facebook: WSJ

    Mar 16, 2017 8:51am
    A Chinese real estate magnate is financing a new internet cable between Los Angeles and Hong Kong for Google and Facebook, the Wall Street Journal reports. Wei Junkang, 56, is the main financier of the US$500...
  • Following an Israeli acquisition, Intel will step up efforts in developing products related to autonomous vehicles. Credit: Bloomberg

    Intel buys self-driving car tech firm in US$15.3 bln deal

    Mar 14, 2017 8:50am
    Intel Corp. is acquiring Israeli self-driving car technology firm Mobileye for US$15.3 billion, a deal which highlights the chipmaker’s ambitions in the field of autonomous vehicles. The company will pay US$63.54 per share in cash, representing...
  • Wharf chairman Stephen Ng (Inset), who also chairs i-Cable, has made it clear that the group won't pour in fresh money into the pay-TV business. Photos: HKEJ

    Why is Wharf acting tough on i-Cable?

    - Mar 13, 2017 12:02pm
    Want to see a billionaire turn into a millionaire? It’s easy — just get the tycoon to venture into the airlines or media business! Well, the old joke comes to mind when we hear the travails...
  • All three mainland carriers are actively pursuing Narrowband IoT which could become commercially viable in three years. Photo:

    Narrowband IoT: New hope for China’s telecom giants

    - Mar 8, 2017 12:27pm
    Some Chinese customers still have to pay roaming charges when they make calls to another province or city in the mainland. Premier Li Keqiang announced during the Two Sessions that such charges will be removed from...
  • Robotic Process Automation is a technology that essentially automates all of the repetitive, rules-based tasks that occur in pretty much any industry, including Hong Kong’s pillar sector finance. Photo: UiPath Robotic Process Automation

    Care to innovate? Automate the boring stuff

    - Mar 3, 2017 10:48am
    Listening to CY Leung’s 2017 Policy Address in January, I was pleased to learn of the Hong Kong government’s proposed HK$18 billion investment in innovation and technology, which will help to subsidise “industry adoption of technology...
  • Snap co-founders Evan Spiegel (center) and Bobby Murphy ring the opening bell of the New York Stock Exchange as NYSE president Thomas Farley applauds on Thursday. Photo: Reuters

    Snap surges on debut as Wall Street retreats

    Mar 3, 2017 7:48am
    Shares of Snap Inc. continued to defy doubts about the company’s early-stage business model and slowing user growth, jumping nearly 50 percent in their first day of trading on the New York Stock Exchange. The owner...

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