Date
15 October 2018

Tech, Media & Telecom

  • Jia Yueting has managed to secure financial backing from some of China's top property tycoons despite a patchy track record. Photo: Reuters

    Leshi boss makes property tycoons rue their investment decisions

    - Oct 10, 2018 9:03am
    There must be something special about Chinese entrepreneur Jia Yueting that enables him to keep finding financial backers one after another despite his poor record and appalling credit. Jia founded Leshi Internet Information and Technology in...
  • Under the General Data Protection Regulation, EU regulators have the power to impose fines of up to 4 percent of global revenue or 20 million euros (US$23 million), whichever is higher, for violations. Photo: Reuters

    First round of fines under new EU privacy law seen by year-end

    Oct 10, 2018 8:45am
    European regulators are set to exercise their new powers by handing out fines and even temporary bans on companies that breach a new EU privacy law, with the first round of sanctions expected by the end...
  • An augmented reality-powered voice assistant service in Japan. There has been a shift from early-stage North American VR investment to later-stage Chinese computer vision/AR investment. Photo: Bloomberg

    Chinese investments in AR, computer vision technologies surge

    - Oct 9, 2018 4:09pm
    China-based funding for augmented reality (AR) and computer vision technologies hit US$3.9 billion over the last 12 months, surging ahead of similar investments in North America, according to Digi-Capital’s AR/VR/XR Analytics Platform, which tracks AR investments....
  • Tencent partnership is expected to help Nubank develop further in areas such as payments, consumer loans and machine learning. Photo: Nubank

    Tencent invests in Brazil fintech startup Nubank

    Oct 9, 2018 1:36pm
    Chinese internet giant Tencent (00700.HK) has acquired a minority stake in Nu Pagamentos SA, a Brazilian financial technology firm that offers virtual credit cards, in a deal worth US$180 million. The transaction marks Tencent’s debut in...
  • Google is shutting down the Google+ social platform after admitting to a security flaw that exposed users' personal information. Photo: Reuters

    Google+ social site to be shut down after user data exposed

    Oct 9, 2018 9:25am
    Google will shut down the consumer version of its failed social network Google+ and tighten its data sharing policies after announcing on Monday that private profile data of at least 500,000 users may have been exposed...
  • Aside from ride-hailing, Grab offers other services such as food and parcel deliveries, electronic money transfers, micro-loans and mobile payments. Photo: AFP

    Microsoft to invest in Southeast Asian ride-hailing firm Grab

    Oct 9, 2018 9:21am
    Microsoft Corp. is investing in Southeast Asian ride-hailing firm Grab as part of a partnership that the two companies said will allow them to collaborate on technology projects, including big data and artificial intelligence, Reuters reports....
  • The Portal smart speaker has a wide-angle camera that automatically keeps users in focus as they move about a room. Photo: Facebook via Reuters

    Facebook debuts smart speaker for Messenger video calls

    Oct 9, 2018 9:02am
    Facebook Inc. released a smart speaker designed to ease video calls, but the company’s history of privacy mishaps and the device’s price and limited functionality could slow it from taking on market leaders Amazon.com Inc. and...
  • Apple said it has repeatedly investigated and found no evidence for allegations in a Bloomberg report that, among other things, chips inside servers sold to Apple by Super Micro Computer Inc. allowed for backdoor transmissions to China. Photo:AFP

    Apple tells US Congress it found no signs of hacking attack

    Oct 8, 2018 8:49am
    Apple Inc.’s top security officer told the US Congress that it had found no sign of suspicious transmissions or other evidence that it had been penetrated in a sophisticated attack on its supply chain, Reuters reports....
  • The Faster Payment System (FPS) allows instant money  transfer or bill payment via a swipe of the QR code on the user's mobile phone. Photo: CNSA

    Faster payment system pushes HK towards cashless society

    - Oct 5, 2018 6:35pm
    The Hong Kong Monetary Authority (HKMA), the de facto central bank, has recently unveiled the Faster Payment System (FPS). The system, operated by Hong Kong Interbank Clearing Limited, allows instant money transfers and bill payments via the...
  • The technology uses algorithms to examine the fat surrounding coronary arteries as it shows up on CT scans. Photo: Internet

    Tech breakthrough offers early warning system for heart attacks

    Oct 5, 2018 9:10am
    A new method of analyzing images from CT scans can predict which patients are at risk of a heart attack years before it occurs, Reuters reports. The technology, developed by teams at Oxford University and institutions...
  • Tencent Music Entertainment Group has filed for an initial public offering in the United States that seeks to value the company at about US$25 billion. Photo: Reuters

    Is Tencent Music’s business model sustainable?

    - Oct 5, 2018 8:31am
    Tencent Holdings (00700.HK) is implementing a corporate restructuring plan that aims to turn the internet giant into an enterprise-focused service provider. While doing so, the company is spinning off some of its valuable assets. In its latest...
  • Elon Musk's latest tweet mocking the US regulator came just days after he settled charges that he had misled investors by claiming that he had secured funding to take the company private. Photo: AFP

    Tesla’s Musk mocks SEC as judge demands they justify settlement

    Oct 5, 2018 7:35am
    Tesla Inc.’s Elon Musk mocked the US Securities and Exchange Commission, just hours after a federal judge ordered him and the regulator to justify their securities fraud settlement, which let Musk remain chief executive, Reuters reports....
  • Ebay accused Amazon of contacting eBay sellers through eBay's internal messaging system to ask them to move to Amazon’s platform. Photo: Bloomberg

    Ebay accuses Amazon of poaching sellers from its platform

    Oct 4, 2018 8:31am
    Ebay Inc. accused Amazon.com Inc. of trying to poach sellers for its own platform through Ebay’s internal messaging system, Reuters reports. “We have uncovered an unlawful and troubling scheme on the part of Amazon to solicit...
  • The probation violation cited by the US judge was the same conduct the US Department of Commerce penalized in April by imposing a ban on US companies selling goods to ZTE. Photo: AFP

    US judge says ZTE violated probation, extends monitor’s term

    Oct 4, 2018 8:10am
    A US federal judge issued an order finding that China’s ZTE Corp. (00763.HK, 000063.CN) violated probation imposed in March 2017 when the company pleaded guilty to illegally shipping goods to Iran despite US sanctions, Reuters reports....
  • Honda’s investment boosts the value of Cruise to US$14.6 billion – about a third of GM’s US$48 billion market cap. Photo: Reuters

    Honda to invest US$2.75 billion in GM’s self-driving car unit

    Oct 4, 2018 8:07am
    Honda Motor Co. Ltd. will invest US$2.75 billion and take a 5.7 percent stake in General Motors Co.’s Cruise self-driving vehicle unit, to jointly develop autonomous vehicles for deployment in ride services fleets around the world,...
  • As a partner of Alibaba Group, Jack Ma can continue to exercise his control over the company even if he has no official title. Photo: Bloomberg

    Will Jack Ma lose control of Alibaba after he steps down?

    - Oct 3, 2018 1:02pm
    There may be some virtue in quitting while you’re ahead, but Jack Ma’s announcement that he will step down as chairman of Alibaba Group in September next year still caught many by surprise, and has triggered...
  • Hackers had stolen login codes that allowed them to access nearly 50 million Facebook accounts. Photo: Reuters

    Facebook: hackers didn’t use stolen logins on third-party sites

    Oct 3, 2018 8:51am
    Facebook Inc said investigators have determined that hackers did not access other sites that use the social networking site’s single sign-on in a massive cyber attack that the company disclosed last week, Reuters reports. “We analyzed...
  • Tencent Music includes Spotify-like digital streaming apps QQ Music, Kugou and karaoke app WeSing, and is seeking a valuation of about US$25 billion. Photo: Bloomberg

    Tencent online music unit files for US listing

    Oct 3, 2018 8:39am
    Tencent Music Entertainment Group has formally filed with regulators to list in the United States, under the symbol “TME”, in what could be the biggest US initial public offering by a Chinese company, Reuters reports. The...
  • Starbucks has positioned itself to play a major role in upending not just how payments are made but also the business model of established banks. Photo: AFP

    The First Bank of Starbucks

    - Oct 3, 2018 8:31am
    On August 3, Starbucks made an announcement which, though little noticed at the time, amounts to a potentially massive shift in the organization of finance. How did an international chain of coffee shops position itself to...
  • Amazon said the pay increase, effective from next month, will benefit more than 250,000 employees in the US as well as over 100,000 seasonal employees who will be hired this holiday season. Photo: Bloomberg/AFP

    Amazon raises minimum wage to US$15, urges rivals to follow

    Oct 3, 2018 8:05am
    Amazon.com Inc. said will raise its minimum wage to US$15 per hour for US employees from next month, giving in to critics of poor pay and working conditions at the online retailer, Reuters reports. The increase...

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