23 February 2017

Tech, Media & Telecom

  • Apple’s new futuristic campus is seen under construction in Cupertino, California in this aerial photo taken in January. Credit: Reuters

    Apple to open its new ‘spaceship’ campus in April

    Feb 23, 2017 9:05am
    Apple Inc. said on Wednesday that it will open its new multi-billion dollar futuristic campus in April and spend six months moving employees into the 175-acre facility. The new Cupertino campus, which has been dubbed as...
  • The Verizon logo is seen on one of their retail stores in San Diego, California. Verizon conducted brand studies and found that Yahoo's reputation was holding up after the hacks. Photo: Reuters

    Verizon, Yahoo agree to lowered US$4.48 bln deal

    Feb 22, 2017 7:48am
    Verizon Communications Inc. said it would buy Yahoo Inc.’s core business for US$4.48 billion, lowering its original offer by US$350 million in the wake of two massive cyber attacks at the internet company. The closing of...
  • E-commerce giant Alibaba Group has struck a partnership with another brick-and-mortar Chinese retailer. Photo: Bloomberg

    Alibaba teams up with retail conglomerate Bailian Group

    Feb 21, 2017 8:40am
    Alibaba Group Holding has entered into a strategic partnership with China’s Bailian Group, in the e-commerce giant’s latest tie-up with a traditional brick-and-mortar retailer. “The companies will leverage the power of big data to achieve integration...
  • An Amazon package is seen after being delivered in London. The beefed-up workforce is expected to provide faster delivery, more selection and better value. Photo: Reuters

    Amazon to create 5,000 more jobs in Britain

    Feb 21, 2017 7:53am
    Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, boosting its investment in the country once more even as it prepares to leave the European Union. Amazon, along with other...
  • Kim Dotcom and his co-accused reportedly cost film studios and record companies more than US$500 million and generated over US$175 million by encouraging paying users to store and share copyrighted material. Photo: Reuters

    NZ court rules Megaupload founder can be extradited to US

    Feb 20, 2017 4:31pm
    A New Zealand court ruled on Monday that internet entrepreneur Kim Dotcom could be extradited to the United States to face charges relating to his Megaupload website, which was shutdown in 2012 following an FBI-ordered raid...
  • Leshi founder Jia Yaoting says his company has been expanding too fast and that he needs to rein in its free-wheeling spending. Photo: Sohu

    Leshi pulls rabbit out of a hat yet again

    - Feb 17, 2017 1:42pm
    Hong Kong-listed Truly International Holdings (00732.HK) said Tuesday its subsidiary has agreed to invest 720 million yuan (US$104.9 million) in Leshi Zhixin, a smart TV unit of Shenzhen-listed Leshi Internet. It’s mind boggling how Leshi founder...
  • Mark Zuckerberg said Facebook could move far beyond its roots as a network for friends and families to communicate, and play a role in strengthening institutions and boosting civic engagement. Photo: Bloomberg

    Zuckerberg issues manifesto in fight against rising isolationism

    Feb 17, 2017 12:22pm
    Facebook Inc. chief executive Mark Zuckerberg laid out a vision of his company as a bulwark against rising isolationism, saying the world’s largest social network could be the “social infrastructure” for the globe. In a 5,700-word...
  • Samsung Group chief, Jay Y. Lee leaves for the Seoul Central District Court from the office of the independent counsel in Seoul. Photo: Reuters

    Samsung chief arrested in corruption probe

    Feb 17, 2017 8:16am
    Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye, Reuters reports. In a blow to the world’s biggest...
  • Lenovo chairman Yang Yuanqing said mobile will remain a core business of the group. Photo: Bloomberg

    Lenovo sees mobile profit by year-end after 67% earnings drop

    Feb 17, 2017 8:15am
    The mobile division of China’s Lenovo Group Ltd (0992.HK) is “on track” to return to profit by December at the earliest helped by strong growth in overseas markets, its chairman said after the firm posted a...
  • Toshiba shares tumbled 9 percent on Wednesday after the company said it would book a US$6.3 billion hit to its US nuclear unit. Photo: Reuters

    Toshiba may delay chip auction, eyes majority stake sale

    Feb 16, 2017 8:24am
    Toshiba Corp. may delay the sale of its prized flash-memory chip unit after the conglomerate said it would consider selling most, even all, of the marquee business, Reuters reports. “It’s moving in that direction [of a...
  • Yahoo Inc. has been under scrutiny by federal investigators and lawmakers since disclosing the largest known data breach in history in December, months after disclosing a separate hack. Photo: AFP

    Verizon close to Yahoo deal, sees up to US$350 mln price cut

    Feb 16, 2017 8:20am
    Verizon Communications Inc. is close to a revised deal to buy Yahoo Inc.’s core internet business for US$250 million to US$350 million less than the original agreed price of US$4.83 billion, according to a source briefed...
  • Snapchat’s biggest user group, youngsters, may not be the main target of most advertisers. Photo: Reuters

    Why investors should say ‘no’ to Snap IPO

    - Feb 15, 2017 4:43pm
    Snap, the parent company of messaging app Snapchat, has filed to go public in the United States. The initial public offering is expected to raise US$3 billion, valuing the company at US$20 billion to US$25 billion....
  • While iPhone 7, introduced in September, failed to convince as many existing customers to upgrade as its predecessor did, it succeeded in attracting new smartphone buyers to Apple. Photo: Reuters

    Apple shares hit record on optimism over next iPhone

    Feb 14, 2017 8:34am
    Apple Inc. shares hit a record high on optimism the next iPhone will drive a resurgence in sales and help the company’s services businesses grow. The stock climbed 0.9 percent to US$133.29 at the close of...
  • Welab founder Simon Loong suggests the government extend its regulatory sandbox scheme beyond the banking sector. Photo: HKEJ

    How to foster fintech development in Hong Kong

    - Feb 13, 2017 4:01pm
    Since the government put emphasis on the development of financial technology in the 2015 budget, fintech’s importance has become more widely recognized, Simon Loong, Welab chief executive and co-founder, told the Hong Kong Economic Journal. Start-ups...
  • Apple is the worldwide leader in mobile in-store payments, although in the US, it has been facing increasing competition. Photo:

    Aussie banks hit back at Apple over mobile payment row

    Feb 13, 2017 8:25am
    A consortium of Australia’s biggest banks has abandoned its attempt to negotiate as a bloc with Apple Inc. over the cost of using its mobile payment system, narrowing its claim to focus solely on access to...
  • Xiaomi will become the second Chinese smartphone maker, after Huawei, to produce phones with its own processors. Photo: Bloomberg

    Xiaomi to launch phones with self-developed processor

    Feb 10, 2017 8:53am
    China’s Xiaomi Corporation plans to introduce smartphones powered by a custom-made microprocessor, the Wall Street Journal reports, citing people familiar with the matter. The company aims to release its “Pinecone” processor within a month, a move...
  • Ofo brought its yellow bikes to university campuses before expanding to big city streets. It was founded by five Peking University students. Phoro: WSJ

    Mainland bike-sharing start-up raising up to US$150 mln

    Feb 10, 2017 8:34am
    Chinese bike-sharing start-up Ofo Inc. is raising up to US$150 million in fresh funds, aiming to achieve a valuation of about US$1 billion, the Wall Street Journal reports. Ofo most recently raised US$130 million last October...
  • Toshiba is planning to sell a 19.9 percent stake in its chip unit but is willing to offer more so long as it retains control. Photo: Reuters

    Toshiba draws bids for chip business

    Feb 8, 2017 8:38am
    Toshiba Corp.’s memory-chip unit has drawn bidders from South Korea, the US and Taiwan, and some involved in the process see advantages to a deal with Western Digital Corp., the Wall Street Journal reports. In a...
  • While IoT devices are leading a revolution in industrial efficiency and operational insight, these devices offer multiple entry points for a potentially malicious hacker.  Photo:

    Rethinking the role of boards in the cyber age

    - Feb 7, 2017 12:02pm
    In a world where everything is trackable and quantifiable, will director and officer find themselves navigating new liabilities sooner than expected? Company directors could be easily forgiven for feeling lost when it comes to managing cybersecurity...
  • Facebook is developing a TV set-top box app to distribute premium content. Photo: Reuters

    Who will win the smart TV battle?

    - Feb 7, 2017 11:45am
    Televisions were once the biggest battlefield for global home appliance makers. However, in recent years, TV has been overtaken by smartphones and computers, where internet content can be easily accessible. But the situation is again changing...

EJI Weekly Newsletter

Please click here to unsubscribe