23 January 2019

Tech, Media & Telecom

  • Hong Kong billionaire Li Ka-shing boosts his bitcoin investments with his participation in the funding round for cryptocurrency venture Bakkt. Photo: Reuters

    ICE-owned crypto startup Bakkt gets Li Ka-shing on board

    Jan 8, 2019 12:21pm
    Hong Kong billionaire Li Ka-shing has joined other tech and venture capital heavyweights in supporting cryptocurrency venture Bakkt in its first funding round. The startup, backed by Intercontinental Exchange (ICE), the parent company of the New York Stock...
  • Samsung's profit warning will add to the investor worries about the tech sector and slowing Chinese demand. Photo: Reuters

    Samsung warns of Q4 profit drop amid weak chip demand

    Jan 8, 2019 9:37am
    Samsung Electronics on Tuesday warned of a nearly 30 percent slide in operating profit for the final quarter of 2018, citing tough memory chip and mobile phone markets. In a regulatory filing, the South Korean tech...
  • Industry practitioners call for more effective regulation to safeguard the public from unscrupulous online practices. Photo: Reuters

    How to succeed in China showbiz without really trying

    - Jan 7, 2019 2:30pm
    You can buy anything online.  We are not just talking about all sorts of goods and services you can order from online shopping websites such as Alibaba’s, but also clients, followers, admirers and fans, whom...
  • Victor Lam (center), the government chief information officer, briefs the media on Thursday on the topic of opening up more government data. Photo: HK Govt

    Govt to open up more data amid smart-city push

    Jan 4, 2019 5:00pm
    The Hong Kong government is set to open up more of its data resources to the public, creating an opportunity for private firms and individuals to utilize the information and build smart-city solutions. In a statement...
  • Huawei on New Year’s Day wished followers a “Happy #2019” in a tweet marked sent “via Twitter for iPhone”. Photo: Bloomberg

    Huawei punishes employees for iPhone tweet blunder

    Jan 4, 2019 4:53pm
    Huawei Technologies has punished two employees for New Year greetings sent on the smartphone maker’s official Twitter account using an iPhone, Reuters reports, citing an internal Huawei memo. Huawei, whose P-series handsets compete with Apple’s iPhone,...
  • Xiaomi will transform its second-tier brand Redmi into an independent brand offering low-cost smartphones via an online channel. Photo: Bloomberg

    Why Xiaomi is relaunching Redmi brand in sluggish market

    - Jan 4, 2019 2:46pm
    While Apple chief executive Tim Cook blamed weak China sales for the company’s poor holiday season performance, Xiaomi Corp., one of the country’s leading smartphone makers, announced on Thursday that it will transform its second-tier brand...
  • Apple had said it would pull iPhone 7 and 8 models from its 15 retail stores in Germany when the order came into force. Photo: Bloomberg

    Qualcomm enforces ban to halt some iPhone sales in Germany

    Jan 4, 2019 8:16am
    Qualcomm Inc. took steps to enforce a court order banning the sale of some iPhone models in Germany, a move that will likely see Apple Inc. pull those iPhone models from its German stores, Reuters reports. ...
  • The tax strategy allows Google to avoid triggering US income taxes or European withholding taxes on the funds, which represent the bulk of its overseas profits. Photo: AFP

    Google shifted US$23 billion to tax haven Bermuda in 2017

    Jan 4, 2019 7:47am
    Google moved 19.9 billion euros (US$22.7 billion) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce its foreign tax bill, Reuters reports, citing documents filed at...
  • Apple's iPhone continues to dominate the premium smartphone segment amid the stiff competition and slowing sales. Photo: Reuters

    Can Apple retain its crown in the high-end smartphone market?

    - Jan 3, 2019 12:15pm
    Apple’s iPhone continues to dominate the high-end smartphone market globally, but slowing sales and stiff competition from Chinese rivals are threatening its leading position.  In particular, Xiaomi, Vivo, Oppo and Huawei are making aggressive inroads into emerging...
  • Despite the growing focus on digital, printed newspapers are expected to remain a draw for advertisers who seek older customers. Photo: Bloomberg

    Two key words for news media last year: NINO and FILO

    - Jan 3, 2019 11:48am
    Harvard University’s Nieman Journalism Lab has summed up a number of trends in the global news media industry in 2018, and coined new words — “NINO” and “FILO” — to describe two of the new trends. ...
  • Apple has lowered its revenue guidance for the three months ended Dec. 29, blaming a weak Chinese economy. Photo: Reuters

    Apple cuts revenue forecast, citing weak China sales

    Jan 3, 2019 9:30am
    Apple on Wednesday cut its revenue guidance for its fiscal first quarter, citing weaker sales in China amid a slowdown in the economy in the key market which has been buffeted by a US trade war....
  • Analysts questioned whether the US$2,000 price cut on all Tesla models signaled lower demand in the United States. Photo: AFP

    Tesla cuts US prices on all vehicles, shares drop

    Jan 3, 2019 7:36am
    Tesla Inc. cut US prices for all its vehicles to offset lower green tax credits, and fell short on quarterly deliveries of its mass-market Model 3 sedan, sending shares of the electric vehicle maker down nearly...
  • Octopus Card has found to difficult to expand its offline dominance into the online world. Photo: HKEJ

    Why Alibaba platforms no longer accept Octopus Card

    - Jan 2, 2019 1:14pm
    The Octopus Card remains one of the most popular means of payment, along with the credit card and cash, especially in the public transport sector, which is not surprising, considering that the card was founded by...
  • Power party: CC Land chairman Cheung Chung-kiu, Chinese Estates former chairman Joseph Lau, Alibaba chairman Jack Ma, and China Evergrande chairman Hui Ka-yan. Photo: Internet

    A gathering of tycoons: something’s cooking

    - Jan 2, 2019 12:04pm
    From gloom to boom? Just when almost everyone was so glad to bid adieu to 2018 – a quite horrendous year for stock punters the world over – a snapshot of four smiling Chinese tycoons joining...
  • Radar devices such as Google’s Soli are expected to lead to development of a variety of use cases. Photo: Reuters

    Google wins US nod for radar-based hand motion sensor

    Jan 2, 2019 9:14am
    Google has won approval from US regulators to deploy a radar-based motion sensing device known as Project Soli, Reuters reports. The Federal Communications Commission (FCC) said in an order late on Monday that it will grant...
  • Netflix would like its next chief financial officer to be based in Los Angeles with a focus on production finance, a source told Reuters. Photo: AFP

    Netflix poaches CFO from Activision Blizzard: report

    Jan 2, 2019 8:03am
    Netflix Inc. is expected to announce in the next few days that it has poached media finance veteran Spencer Neumann from Activision Blizzard to be its chief financial officer, Reuters reports, citing a source familiar with...
  • Digital payments have been positive for consumers, but there are a number of challenges for merchants as they try to manage the different channels. Photo: Reuters

    Challenges and opportunities in digital payments

    - Dec 31, 2018 11:03am
    As digital payments turn popular among Hong Kong consumers and more payment options are becoming available, EJ Insight invited David Lau, General Manager, Wirecard Hong Kong, Macau & Taiwan, to share his views on the opportunities,...
  • Citing lack of 'concrete injuries' to the plaintiffs, a US judge has dismissed a lawsuit filed against Google over its use of facial recognition software. Photo: Reuters

    US judge junks suit vs Google over facial recognition software

    Dec 31, 2018 9:03am
    A US judge has dismissed a lawsuit filed against Google by consumers who claimed the search engine’s photo sharing and storage service violated their privacy, Reuters reports. On Saturday, US District Judge Edmond Chang in Chicago...
  • China says the protection of intellectual property is a "basic national policy". Photo: Reuters

    China’s Supreme Court to take on intellectual property cases

    Dec 31, 2018 7:32am
    Intellectual property rights cases can from next month be taken to China’s Supreme Court as the country seeks to strengthen protections in the face of complaints from the United States about the issue, Reuters reports. China and...
  • The newly approved video game titles did not include games from industry leader Tencent Holdings. Photo: Bloomberg

    China restarts video game approvals after months-long freeze

    Dec 31, 2018 7:26am
    China has approved the release of 80 online video games after a freeze on such approvals for most of the year, Reuters reports. However, the approved titles, listed on the website of the State Administration of...

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