Date
15 October 2018

Tech, Media & Telecom

  • LINE Corp., the Tokyo-based messaging giant, has unveiled its first cryptocurrency token, LINK, and its blockchain network, LINK Chain, with the aim of creating a strong token economy. Photo: Reuters

    Japan’s LINE to go big on blockchain with crypto ventures

    - Oct 2, 2018 4:01pm
    LINE, a Japan-based mobile messaging app owned by South Korean internet giant Naver, aims to create a blockchain ecosystem for its service offerings. Its blockchain efforts have included the establishment of “LINE Blockchain Lab,” a blockchain...
  • Tencent has announced a series of corporate restructuring moves, including shifting its focus to cloud computing business. Photo: HKEJ

    Tencent aims to become enterprise-focused service provider

    - Oct 2, 2018 2:18pm
    Tencent Holdings is facing a tough environment this year as its core online games business suffers from regulatory uncertainties. Chinese authorities have frozen approval of new games in a bid to curb youngsters’ addiction to online...
  • Google said a limited number of players will be able to stream the soon-to-be released Assassin’s Creed Odyssey to a Chrome browser on a laptop or desktop. Photo: Reuters

    Google to test game streaming service with Assassin’s Creed

    Oct 2, 2018 9:43am
    Alphabet Inc.’s Google said it has partnered with Ubisoft to test its video game streaming service by offering the latest installment of the Assassin’s Creed series, Reuters reports. A limited number of players will be able...
  • As the new head of Instagram, Adam Mosseri will oversee all functions of the business and recruit a new executive team. Photo: Reuters

    Instagram names insider Adam Mosseri as new head

    Oct 2, 2018 9:33am
    Facebook Inc.’s Instagram announced that long-term insider Adam Mosseri will take over as the new head of the photo-sharing app, a week after its co-founders resigned, Reuters reports. Mosseri, who joined Facebook in 2008, was most...
  • Under a settlement with the US Securities and Exchange Commission, Tesla and Elon Musk will pay US$20 million each to the regulator and Musk will step down as chairman but stay as CEO. Photo: Reuters

    Tesla shares jump on Model 3 numbers, Musk deal

    Oct 2, 2018 8:46am
    Shares of Tesla Inc. jumped by almost 18 percent on Monday as chief executive Elon Musk settled a lawsuit that had threatened to force him out and said a surge in third-quarter production had driven it...
  • An AmazonBasics Microwave sits on display during an unveiling event in Seattle on September 20. Amazon has outlined its ambitions for the smart-homes market by announcing a slew of new Alexa-enabled products. Photo: Bloomberg

    Amazon aims high in smart-home market

    - Sep 28, 2018 2:24pm
    Amazon’s business plans have one basic underlying theme: integration of technology into people’s everyday life. After helping bring about a dramatic change in the way we shop, the Seattle-based tech giant now wants to prod us...
  • Filipino domestic helpers line up for remittance services at World Wide Plaza in Central. Photo: Reuters

    Tencent, Alibaba chase remittances in battle for Southeast Asia

    Sep 28, 2018 10:57am
    For Chinese tech giants Alibaba Group Holding Ltd. and Tencent Holdings Ltd. (00700.HK), Southeast Asian domestic helpers in Hong Kong may prove key to their global ambitions in financial services. Both companies recently launched money-transfer services...
  • Elon Musk ‘knew or was reckless in not knowing’ that his tweets about taking Tesla private at US$420 a share were false and misleading, the US SEC says. Photo: Reuters

    SEC sues Musk for fraud, seeks his removal from Tesla

    Sep 28, 2018 9:36am
    US securities regulators on Thursday accused Tesla CEO Elon Musk of fraud and sought to remove him from his position at the electric carmaker, alleging that he misled investors with false public statements. In a lawsuit...
  • CK Hutchison co-managing director Canning Fok kin-ning (left) and WeLab founder and CEO Simon Loong announce their companies' collaboration in consumer lending services. Photo: WeLab

    How WeLab incorporates fintech into retail business

    - Sep 27, 2018 1:54pm
    Despite its reputation as a financial center and focus on technology and innovation, Hong Kong has been criticized for its slow adoption of financial technology. The city, however, is working hard to catch up in this field....
  • Stripe, co-founded by Patrick Collison, said it will use the funds to fuel growth in key overseas markets such as Southeast Asia and India. Photo: Bloomberg

    Stripe valued at US$20 billion in latest funding round

    Sep 27, 2018 1:03pm
    Payments startup Stripe said it has raised US$245 million in funding, better positioning the company to expand to new markets globally and attract bigger customers, Reuters reports. The new funding round values San Francisco-based Stripe, whose...
  • An attendee uses a VR headset and controllers during a product event in San Jose on Wednesday. At the event, Facebook unveiled a new wireless VR device called Oculus Quest, Photo: Bloomberg

    Facebook unveils Oculus Quest VR headset

    Sep 27, 2018 9:34am
    Facebook on Wednesday unveiled a new wireless virtual reality (VR) headset called Oculus Quest that will go on sale from spring next year. The gadget, which comes with touch controllers and does not need a PC...
  • Amazon is opening a general merchandise store in New York City that will stock bestsellers and top-rated products. Photo: Reuters

    Amazon opening new physical NYC store featuring top-rated goods

    Sep 27, 2018 9:21am
    Amazon is opening a general merchandise store in New York City that will sell toys, household goods and a range of other products highly rated on its website, marking the e-commerce giant’s latest push into brick-and-mortar...
  • Commuters wait for a train in front of an advertisement that reads "sharing a lie makes you a liar" at a train station in Kuala Lumpur. Photo: AFP

    Tech firms agree on code of conduct to combat fake news

    Sep 27, 2018 9:07am
    Facebook, Google and other tech firms have agreed a code of conduct to do more to tackle the spread of fake news amid concerns it can influence elections, Reuters reports, citing a statement from the European Commission....
  • The 2016 data breach exposed personal data from 57 million Uber accounts, including 600,000 driver’s license numbers. Photo: Bloomberg

    Uber to pay US$148 million to settle data breach cover-up

    Sep 27, 2018 8:34am
    Uber Technologies Inc. will pay US$148 million for failing to disclose a massive data breach in 2016, Reuters reports. The settlement with 50 US states and Washington, DC brings closure to one of several high-stakes legal...
  • Following the departure of its founders, photo-sharing platform Instagram could see enhanced monetization efforts from its corporate parent. Photo: Bloomberg

    What lies in store for Instagram after exit of the founders?

    - Sep 26, 2018 1:48pm
    Six years after selling their startup to Facebook, Instagram’s founders have announced their departures from the company, setting off speculation in the tech world as to what might have prompted the exits and what could now...
  • Qualcomm has accused Apple of a 'multi-year campaign of sloppy, inappropriate and deceitful conduct' aimed at helping boost rivals' chipsets. Photo: Bloomberg

    Qualcomm accuses Apple of stealing its secrets to help Intel

    Sep 26, 2018 9:43am
    Qualcomm on Tuesday accused Apple of stealing its chip-making secrets and giving them to rival Intel Corp, paving the way for Apple to switch to Intel’s improved semiconductors. The suspected theft of information and trade secrets...
  • The departure of Instagram founders Mike Krieger (left) and Kevin Systrom may have been the result of friction with Facebook CEO Mark Zuckerberg over how Instagram is run. Photo: AFP/Reuters

    Facebook shares slip after Instagram founders quit

    Sep 26, 2018 9:02am
    Shares of Facebook Inc. fell more than 2 percent in early trading on Tuesday after the two founders of photo-sharing app Instagram left the social networking giant under unexplained circumstances, Reuters reports. Analysts said the departure...
  • The Competition and Consumer Commission of Singapore told Grab to remove its exclusivity arrangements with drivers and taxi fleets. Photo: Bloomberg

    Singapore competition watchdog fines Grab, Uber US$9.5 million

    Sep 24, 2018 4:44pm
    Singapore slapped ride-hailing firms Grab and Uber with fines and finalized restrictions to open up the market to competitors after concluding that their merger in March has driven up prices, Reuters reports. Uber Technologies Inc. sold...
  • 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...

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