22 March 2018

Tech, Media & Telecom

  • Google plans to scale up its Taiwan research and development center as it seeks to push development of AI technologies. Photo: Reuters

    Google to boost hiring for Taiwan R&D hub amid AI focus

    Mar 22, 2018 2:54pm
    Google announced Wednesday that it plans to hire over 300 professionals in Taiwan as it seeks to boost its main research and development hub in Asia. Chien Lee-feng, managing director of Google Taiwan, said at an...
  • Facebook and its CEO Mark Zuckerberg have come under fire for failing to prevent misuse of user data for political purposes. Photo: Bloomberg

    Facebook scandal: What’s next after admission of ‘mistakes’?

    - Mar 22, 2018 2:48pm
    Social media giant Facebook is facing its biggest crisis ever as it struggles to contain the damage from the latest data privacy scandal. Following revelations that a consultancy, Cambridge Analytica, had improperly accessed information on about...
  • Twitter and Square CEO Jack Dorsey is bullish on bitcoin, predicting it will be the world's single currency in ten years' time or sooner.  Photo: Bloomberg

    Bitcoin will be world’s single currency, says Twitter CEO

    Mar 22, 2018 1:58pm
    The year 2017 saw a cryptocurrency boom with over 1,000 different types of virtual currencies being traded on various exchanges worldwide. But Silicon Valley entrepreneur Jack Dorsey boldly predicts that bitcoin will be the world’s single currency,...
  • Facebook is preparing to roll out a new subscription feature that will allow users to make regular payments to content creators in return for exclusive content. Photo: Reuters

    Facebook to launch subscription feature to lure content creators

    - Mar 22, 2018 11:33am
    Facebook announced this week that it is introducing a paid subscription feature to lure content creators as part of efforts to boost the quality of offerings on the social media platform.  The social media giant will...
  • Time is among the brands that Meredith Corp is seeking to sell following the acquisition of Time Inc last year. Photo: Reuters

    Meredith eyes sale of some Time publications; announces job cuts

    Mar 22, 2018 9:50am
    Meredith Corp said on Wednesday that it will explore a sale of Time, Sports Illustrated, Fortune and Money magazines as it seeks to streamline its operations following the acquisition of Time Inc. The US media company...
  • Chief executive Mark Zuckerberg said the social network plans to conduct an investigation of apps on its platform, restrict developer access to data, and give members a tool that lets them more easily disable access to their Facebook data. Photo: Reuters

    Facebook’s Zuckerberg acknowledges mistakes on user data

    Mar 22, 2018 9:11am
    Facebook Inc. chief executive Mark Zuckerberg said his company made mistakes in how it handled data belonging to 50 million of its users and promised tougher steps to restrict developers’ access to such information, Reuters reports....
  • A data leak scandal has prompted some observers to issue calls for deletion of Facebook accounts. Photo: Reuters

    Why Facebook will ride out the data leak scandal

    - Mar 21, 2018 5:20pm
    Social media giant Facebook is under fire following a data leak scandal. A former contractor with Cambridge Analytica revealed recently how the data analytics firm gathered personal data of more than 50 million American Facebook users...
  • Bitcoin mining, which currently costs around US$8,000, is close to being unprofitable as the price of the virtual currency continues to decline. Photo: Reuters

    At US$8k, bitcoin now trading near break-even point: analyst

    Mar 21, 2018 3:44pm
    Bitcoin is currently trading near the break-even cost of mining the cryptocurrency, research firm Fundstrat said in a recent report. It now costs US$8,039 to mine a bitcoin, “based on a mining model developed by our...
  • TVMost's online entertainment show and its mascot TVMost Buddy. Most Kwai Chung, producer of the show, is set for a record-breaking initial public offering in Hong Kong. Photo: TVMost

    Most Kwai Chung can offer more than just quick IPO profit

    - Mar 21, 2018 12:05pm
    Most Kwai Chung, operator of the online satirical media platform TVMost and magazine 100Most, is set for a record-breaking initial public offering in Hong Kong. As of Tuesday, market sources said margin financing for subscription of the company’s...
  • Mastercard and HKTaxi, a local taxi-hailing app, have teamed up to roll out mobile payment service to Hong Kong taxi passengers. Photo: HKEJ

    Taxi mobile payment: Starting point to a cashless society

    - Mar 21, 2018 11:31am
    Mobile payments are making their way to taxis in Hong Kong, giving rise to hopes that the city is finally making a journey toward becoming a cashless society. Mastercard and HKTaxi, a local taxi-hailing app, teamed...
  • Former Hong Kong leader Tung Chee-hwa, who runs a think-tank, was involved in the launch of the news aggregator app 'Hong Kong Headline'. Photos: HKEJ, Internet

    Hong Kong gets its own news aggregator app

    - Mar 21, 2018 11:11am
    Hong Kong has witnessed the launch of a news aggregator app called ‘Hong Kong Headline’. The mobile app has sparked chatter that it could pose a threat to traditional media, particularly the free newspaper Headline Daily. The new...
  • Salesforce is making a strategic acquisition as it seeks to bolster its cloud-based business. Photo: Reuters

    Salesforce acquiring MuleSoft in cash-and-stock deal

    Mar 21, 2018 9:57am, a San Francisco-based cloud computing company, has announced that it is buying US software maker MuleSoft for about US$5.9 billion in a cash-and-stock deal. MuleSoft shareholders would get US$36 in cash and 0.0711 of a...
  • The proposals require backing from the European Parliament and the 28 EU countries, but they are divided on the issue. Photo: Bloomberg

    EU plans to tax turnover of big US tech firms

    Mar 21, 2018 9:39am
    The European Commission is proposing rules designed to make digital companies pay their fair share of tax and are set to hit US tech giants such as Google and Facebook, Reuters reports. Companies with huge digital...
  • Amazon has become the second-most valuable publicly traded company in the US following stupendous stock gains over the past year. Photo: Reuters

    Amazon tops Alphabet in market cap, now No. 2 US-listed firm

    Mar 21, 2018 9:31am on Tuesday moved ahead of Google parent Alphabet in market capitalization for the first time, becoming the second-most valuable publicly listed US company after Apple. Shares of the world’s top e-commerce firm closed up 2.7...
  • Alexander Nix, the suspended chief executive of Cambridge Analytica, said his firm did all the research, analytics and targeting of voters for US President Donald Trump’s digital and TV campaigns in the 2016 election. Photo: Reuters

    Cambridge Analytica CEO claims role in Trump election victory

    Mar 21, 2018 8:58am
    The suspended chief executive of Cambridge Analytica said in a secretly recorded video broadcast that his UK-based political consultancy’s online campaign played a decisive role in US President Donald Trump’s 2016 election victory, Reuters reports. His...
  • Cyberport’s incoming CEO Peter Yan (inset) says he hopes to promote increased cooperation between Hong Kong and global tech firms to boost innovation and technology development in the city. Photos: HKEJ

    Peter Yan named new CEO of Cyberport

    - Mar 20, 2018 6:33pm
    Hong Kong Cyberport Management Co, which plays a key role in promoting the development of technology enterprises and startups in the city, has appointed Peter Yan King-shun as its new chief executive. Yan will take the reins...
  • Hong Kong's Securities and Futures Commission has stopped an initial coin offering and ordered the issuer to refund investors. Photos: Bloomberg/HKEJ

    HK regulator halts ‘Krops’ ICO, orders refund to investors

    - Mar 20, 2018 2:17pm
    Hong Kong’s Securities and Futures Commission (SFC) has stopped an initial coin offering (ICO) and ordered the issuer to refund investors, the first time the city’s regulator blocked this new way of fundraising. The offering was launched...
  • Apple CEO Tim Cook may have to rely on the MacBook to make up for the sluggish iPhone sales. Photo: AFP

    Why Apple’s Macbook is set to outsell iPhones

    - Mar 20, 2018 12:54pm
    Apple will host a media event on March 27 at Lane Tech College in Chicago with a teaser of an invitation:  “Let’s take a field trip.” The event will focus on “new creative ideas for teachers...
  • File picture of Uber's self-driving Volvo vehicle moving through an intersection in Scottsdale, Arizona. Volvo confirmed its XC90 SUV was involved in Monday's crash but said the software controlling the car was not its own. Photo: Reuters

    Uber suspends self-driving car tests after pedestrian killed

    Mar 20, 2018 8:51am
    Uber said it was suspending North American tests of its self-driving vehicles after one such car hit and killed a woman crossing the street in Arizona. It was the first fatality involving a pedestrian hit by...
  • Traders work on the floor of the New York Stock Exchange on Monday. Facebook shares tumbled 6.8 percent, wiping nearly US$40 billion off its market value. Photo: Reuters

    Wall Street falls as Facebook drags down tech shares

    Mar 20, 2018 8:10am
    US stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares,...

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