Date
21 July 2018

Tech, Media & Telecom

  • Facing severe criticism, especially in India, about the spread of fake information on its platform, WhatsApp is implementing some changes to its messaging service. Photo: Bloomberg

    WhatsApp makes further moves in bid to curb fake news, spam

    Jul 20, 2018 6:45pm
    WhatsApp, the instant messaging app owned by Facebook, is rolling out more changes as it seeks to curb fake news and spam on its social platform. After recently adding labels that can help users identify whether...
  • The government can introduce a licensing system for the car-hire service market, which would give the public more choices while sparing Uber drivers the fear of falling into legal traps. Photo: Reuters

    Time to review outdated laws that bar ride-hailing apps

    - Jul 20, 2018 11:32am
    Earlier this week, 28 Uber drivers were convicted of providing car-hire services without permits at the Kowloon City Magistrates’ Courts, and were fined between HK$3,800 and HK$4,500. In his ruling, Magistrate Joseph To Ho-shing said the...
  • Comcast has abandoned its pursuit of Twenty-First Century Fox's entertainment assets, and will now focus on gaining control of European pay-TV group Sky. Photo: Bloomberg

    Comcast drops Fox bid, clearing way for Disney

    Jul 20, 2018 9:28am
    US cable giant Comcast on Thursday dropped its US$66 billion bid for the entertainment assets of Twenty-First Century Fox, saying it will now focus on gaining control of European broadcaster Sky. The withdrawal marks a concession...
  • IBM is suing Groupon for US$167 million, accusing it of infringing four basic internet technology patents. Photo: Reuters / Bloomberg

    IBM shaking down tech firms, Groupon alleges in patent trial

    Jul 20, 2018 9:26am
    A lawyer for discount e-commerce company Groupon Inc. told a US federal court that International Business Machines Corp. has shaken down practically every large tech firm for patent fees, Reuters reports. IBM is suing Groupon for...
  • Much of Microsoft’s recent growth has been fueled by its cloud computing business, which has benefited from companies rushing to shift their workloads to the cloud to cut data storage and software costs. Photo: AFP

    Microsoft beats Wall Street targets on cloud services revenue

    Jul 20, 2018 8:57am
    Microsoft Corp. posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite. The company’s flagship Azure cloud product recorded revenue growth...
  • The order issued by the US Federal Communications Commission is a serious and potentially fatal blow to Sinclair’s bid to acquire Tribune. Photo: AFP

    Sinclair ‘did not fully disclose facts’ on Tribune merger: FCC

    Jul 20, 2018 8:28am
    Sinclair Broadcast Group Inc. “did not fully disclose facts” about aspects of its US$3.9 billion acquisition of Tribune Media, the US Federal Communications Commission said in an order that referred the issue to an administrative law...
  • Signs show WeChat Pay and Alipay are accepted at a shop in Singapore. China's dominant mobile payment operators are aggressively expanding overseas. Photo: Reuters

    Tencent’s WeChat Pay goes big in US despite trade tensions: CNBC

    Jul 19, 2018 3:33pm
    After conquering the home market, China’s leading mobile payment platforms are pushing their services overseas. Tencent’s WeChat Pay is expanding in the United States, despite the escalating trade fight between the two countries. Yin Jie, director...
  • Datebase and cloud software giant Oracle has joined the list of tech entities that are offering blockchain-as-a-service to enterprises. Photo: Reuters

    Oracle rolls out blockchain cloud service platform

    Jul 19, 2018 12:59pm
    Oracle Corp has formally launched a blockchain cloud platform, joining other tech giants such as IBM and Microsoft in offering blockchain-as-a-service for firms that wish to deploy distributed ledger technology at low cost.  The Oracle Blockchain...
  • Xiaomi is determined to tap the Korean market in a bid to boost its overseas exposure. Photo: Bloomberg

    Xiaomi eyes Korea expansion as share price rebounds

    - Jul 19, 2018 12:15pm
    Following its weak trading debut last week, Chinese smartphone maker Xiaomi has seen its share price rise above its offer price. This came after the Hong Kong stock exchange and its mainland counterparts agreed to form a...
  • Amazon has narrowed the gap further with Apple in stock market valuation, setting the stage for an interesting battle in the race for the US$1 trillion mark. Photo: Reuters

    Amazon hits US$900 bln market cap, closing in on Apple

    Jul 19, 2018 9:41am
    Amazon’s stock market value hit new highs on Wednesday, pushing the online retail giant one step closer to potentially dislodging Apple as the world’s most valuable firm. Marking a major milestone in the firm’s 21-year trajectory...
  • Google has been experimenting with new inroads to China, where the majority of its products are blocked by Chinese authorities as part of their censorship measures. Photo: AFP

    Google launches game on Tencent’s WeChat

    Jul 19, 2018 9:09am
    Alphabet Inc.’s Google said it has launched an artificial intelligence (AI) game on Tencent Holdings Ltd.’s social media app WeChat, Reuters reports. The US technology firm has been experimenting with new inroads to China, where the...
  • EU antitrust chief Margrethe Vestager said “Google has used Android as a vehicle to cement the dominance of its search engine" over rivals. Photo: Reuters

    Europe hits Google with record US$5 billion antitrust fine

    Jul 19, 2018 8:54am
    European antitrust regulators fined Google a record 4.34 billion euros (US$5 billion) on Wednesday and ordered it to stop using its popular Android mobile operating system to block rivals, Reuters reports. The US tech company said...
  • Alibaba will acquire about 6.62 percent in Focus Media for 9.63 billion yuan (US$93.8 million) and possibly another 5.0 percent stake in the next 12 months. Photo: Reuters

    Alibaba to acquire minority stake in Focus Media

    Jul 19, 2018 8:11am
    Chinese e-commerce giant Alibaba Group Holding Ltd. has agreed to acquire a minority stake in China’s Focus Media Information Technology Co. Ltd. (002027.CN) to tap into the digital marketing sector, Reuters reports. Alibaba will acquire about...
  • Niantic, the creator of Pokémon Go, believes the Seismic Games deal will help add to its strengths in augmented reality games. Photo: Reuters

    Niantic, creator of Pokémon Go, acquires Seismic Games

    Jul 18, 2018 6:13pm
    Niantic, the US firm best known for the Pokémon Go game, has announced the acquisition of yet another developer as it seeks to boost its strength in the augmented reality gaming business. The San Francisco-based company...
  • Founded in September 2015, the company plans to raise up to US$1.63 billion in a US listing. Photo: Reuters

    Pinduoduo taps social networks to challenge e-commerce giants

    - Jul 18, 2018 1:20pm
    China is now the world’s leader in e-commerce activities, with firms like Alibaba Group Holding Ltd. and JD.com Inc. undertaking hundreds of millions of buying and selling of products online each day. But apart of Alibaba’s...
  • Fairfax Media said the printing alliance is expected to result in an annualized benefit of about A$15 million (US$11.1 million). Photo: Reuters

    Australia’s Fairfax to share print costs with rival News Corp

    Jul 18, 2018 8:58am
    Fairfax Media said on Wednesday it had agreed with rival News Corp.’s Australian unit to collaborate on printing newspapers to curb costs, Reuters reports. The publisher of the Sydney Morning Herald and Australian Financial Review newspapers...
  • Two years after being acquired by Pinterest, Instapaper is going independent again. Image: Screengrab from Instapaper website

    Online bookmarking service Instapaper breaks away from Pinterest

    Jul 17, 2018 6:14pm
    Online bookmarking service Instapaper is becoming an independent entity once again, breaking free from the corporate umbrella of visual discovery app Pinterest. In an announcement Monday, Instapaper said Pinterest has “entered into an agreement to transfer...
  • Tech billionaire Peter Thiel (right) and Jihan Wu (left), co-founder of bitcoin miner Bitmain, have invested in blockchain platform startup Block.one. Photo: Block.one, Bloomberg

    Peter Thiel, Bitmain place bets on blockchain startup Block.one

    Jul 17, 2018 5:10pm
    Blockchain platform startup Block.one said it has closed a new funding round led by the tech billionaire Peter Thiel and Bitmain, a Chinese startup dominating the bitcoin mining industry. The amount raised is not disclosed in...
  • Paschal Lennon, director of global major projects at Otis, said the company's innovative building technology solutions fit into the Hong Kong government’s smart city initiative. Photo: HKEJ

    Otis unveils new technology for safer, personalized lift service

    - Jul 17, 2018 2:30pm
    An increase in the number of accidents involving malfunctioning lifts, which have resulted in injuries of several people, has raised concerns over the safety and reliability of elevator systems in Hong Kong. Otis, a manufacturer and...
  • A file photo shows an MTR employee assisting a customer standing near ticket machines inside a rail station. Hong Kong’s railway operator is now seeking to enhance its electronic fare payment systems. Photo: Bloomberg

    Why MTR is looking to upgrade its fare collection system

    - Jul 17, 2018 2:06pm
    Octopus cards have become an integral part of the lives of Hong Kong people after the stored-value product was launched in the city almost 21 years ago. Over the years, the smart card has seen an...

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