24 September 2018

Tech, Media & Telecom

  • Global brands are stepping up focus on marketing technology in a bid to woo new-age-consumers more effectively. Photo: Bloomberg

    Digital marketing annual global spend nears US$100 bln: report

    Sep 24, 2018 9:48am
    Global annual spending on digital marketing is nearing the US$100 billion mark, according to a study, which estimated that such spending was up 44 percent last year in the US and Britain to US$52 billion. “Clearly...
  • Buying Sky will make Comcast the world’s largest pay-TV operator with around 52 million customers. Photo: Reuters

    Comcast outbids Fox with US$40 billion winning offer for Sky

    Sep 24, 2018 7:49am
    Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky after offering 30.6 billion pounds (US$40 billion) in a dramatic auction to decide the fate of the pay-television group, Reuters reports. The US cable...
  • A Deliveroo driver secures an order from a field kitchen in the UK in this picture from Aug 2017. The food delivery platform is reportedly being eyed by Uber for a potential acquisition. Photo: Bloomberg

    Uber in talks to buy food delivery firm Deliveroo: report

    Sep 21, 2018 9:42am
    Uber Technologies is in early talks to buy food-delivery company Deliveroo, Bloomberg reports, citing people familiar with the matter. London-based Deliveroo was valued at more than US$2 billion in a financing deal last year. Any offer...
  • Adobe aims to boost its digital marketing business with the acquisition of Marketo. Photo: Reuters

    Adobe buys marketing software firm in US$4.75 bln deal

    Sep 21, 2018 9:24am
    Adobe Systems has agreed to buy Marketo, a California-based marketing software firm, for US$4.75 billion, a move that signals its ambitions for cloud-based digital marketing. Marketo’s business-to-business marketing applications will complement Adobe’s digital marketing business, which...
  • Galaxy Digital Capital Management's Mike Novogratz has called a bottom in the cryptocurrency market. Photo: Reuters

    Cryptocurrency market set to bounce back: Michael Novogratz

    Sep 21, 2018 9:09am
    The cryptocurrency market has hit the bottom, setting the stage for a bounce-back of units like the bitcoin, according to Michael Novogratz, founder of cryptocurrency asset management firm Galaxy Digital Capital Management. Bitcoin witnessed a “classic...
  • Alibaba aims to develop customized chips and processors to support the group's push into the fast-growing cloud and Internet of Things businesses. Photo: AFP

    Why Alibaba wants to develop its own chips

    - Sep 20, 2018 12:02pm
    Alibaba chairman Jack Ma last week signaled that the group is about to enter the next stage of its development when he announced that he is stepping down as chairman next year and passing the mantle of...
  • Amazon wants to open the cashierless stores in dense urban areas with mostly young and affluent residents who are willing to spend a little more for better quality food. Photo: Reuters

    Amazon eyes up to 3,000 cashierless stores by 2021: report

    Sep 20, 2018 10:05am Inc. is considering opening as many as 3,000 AmazonGo cashierless stores in the next few years, Bloomberg reports, citing people familiar with the matter. The plan, if executed, would make Amazon Go one of the biggest...
  • The EU is gathering information on issues related to Amazon's use of merchants' data, EU Competition Commissioner Margrethe Vestager said on Wednesday. Photo: Bloomberg

    Amazon’s use of merchant data under EU scrutiny

    Sep 20, 2018 9:39am
    European Union regulators are checking whether US online retailer Amazon is using merchants’ data in a way that stifles competition, the bloc’s antitrust chief said on Wednesday. According to EU Competition Commissioner Margrethe Vestager, the issue...
  • Tencent Music, a company that streams music from Chinese and international artists such as Ed Sheeran (pictured), filed its IPO application on Sept. 7. Photo: AFP

    Tencent Music seeks US$2 billion in US IPO: report

    Sep 20, 2018 9:38am
    Tencent Music Entertainment Group, China’s biggest music streaming company, is seeking to raise about US$2 billion in a US listing, Reuters reports, citing people close to the deal. The company, a subsidiary of Chinese tech giant...
  • Chinese deals such as the 2016 takeover of robotics firm Kuka by Midea are said to be prompting the German government to take some action to protect the nation's tech firms. Photo: Reuters

    Germany mulls fund to fend off Chinese tech takeovers: report

    Sep 20, 2018 8:56am
    Germany is seeking to counter a surge in Chinese bids for stakes in German technology firms, with one of the plans under consideration being the creation of a billion-euro fund to rescue troubled takeover targets, according...
  • Hong Kong has taken a significant step as part of a drive to transition to a new era of smart banking. Photo: Bloomberg

    Why HKMA’s new faster payment system is a big deal

    - Sep 19, 2018 2:07pm
    Facing criticism that it is lagging China and some other jurisdictions in Asia in adoption of mobile payments and financial technology development, Hong Kong has been seeking to enhance its financial services market. In keeping with...
  • Singapore is one of the leading centers of technology and innovation in the Southeast Asian region. Photo: Reuters

    Singapore attracts US$7.8 billion venture funds over five years

    Sep 19, 2018 1:35pm
    According to the State of Southeast Asian Tech report published by Monk’s Hill Ventures and Slush Singapore last month, Singapore attracted US$7.8 billion of venture funds between 2013 and 2017. The report covered mainly six countries,...
  • Many virtual currency platforms lack the necessary policies and procedures to ensure the fairness, integrity, and security of their exchanges, New York state attorney general has warned. Photo: Reuters

    NY Attorney General sounds warning on crypto exchange risks

    Sep 19, 2018 9:40am
    Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published on Tuesday. The study found that online...
  • Tesla’s stock has lost about 25 percent since its gains after CEO Elon Musk first tweeted In August that he was considering taking the company private. Photo: AFP

    US Justice Dept probes Musk statement on taking Tesla private

    Sep 19, 2018 9:38am
    Tesla Inc. said the US Department of Justice is investigating chief executive Elon Musk’s public statements in August that he was considering taking the electric car maker private, Reuters reports. The Justice Department asked Tesla for...
  • Philip Schiller, Senior Vice President, Worldwide Marketing of Apple, speaks about the new iPhone XR at Apple’s product launch event in Cupertino, California, on September 12. Photo: Reuters

    Why XR may fare better than Apple’s other new iPhones

    - Sep 18, 2018 2:45pm
    With Apple unveiling its latest smartphones at its annual product event last week, we can now pose this question: of the three new iPhones, which will emerge as the bigger winner in the marketplace? Before we...
  • Internet security spending is set to increase substantially in the coming years as companies realize the growing threat posed by hackers .Photo: Reuters

    Internet security could be the next hot investment theme

    - Sep 18, 2018 10:40am
    The Nasdaq index has been hitting new highs in recent months, prompting investors to take a fresh look at technology plays. The question now is this: which specific segment within the sector should one bet on?...
  • A file picture from April 2017 shows Derek Jenkins, VP of Design at Lucid Motors, introducing the alpha prototype of the Lucid Air at the New York International Auto Show. Credit: Reuters

    Saudi fund to invest US$1 bln in electric car startup Lucid

    Sep 18, 2018 9:30am
    Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest more than US$1 billion in California-based electric car startup Lucid Motors. The funding will enable the American firm to achieve the commercial launch of its Lucid...
  • Tesla hopes to quickly resolve issues related to vehicle delivery logistics, says Elon Musk. Photo: Bloomberg

    Tesla now in ‘delivery logistics hell’, says Musk

    Sep 18, 2018 9:09am
    Tesla is currently struggling more with delivery logistics problems rather than production delays, according to the electric carmaker’s embattled CEO Elon Musk. “Sorry, we’ve gone from production hell to delivery logistics hell, but this problem is...
  • Nio has so far delivered only six EP9 units, all gifts to the company's six major investors. Photo: Bloomberg

    Investors love the Chinese electric car story

    - Sep 17, 2018 4:36pm
    Nio Inc., a Shanghai-based electric car maker, has seen its share price more than double after its debut on the US stock market last week. The carmaker, dubbed as China’s Tesla, now has a market cap...
  • Xiaomi will bring in more young managers into senior positions as part of efforts by CEO Lei Jun to build a strong second-tier leadership. Photo: Reuters

    Xiaomi to rejig operations, create new management jobs

    Sep 17, 2018 11:52am
    Chinese smartphone maker Xiaomi said on Friday that it will rejig its businesses and create new leadership positions aimed at building a second tier to CEO Lei Jun, Reuters reports. The firm will introduce two new...

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