24 April 2018

Tech, Media & Telecom

  • Uber does not exert enough control over drivers for its limo service, UberBLACK, to be considered their employer under the federal Fair Labor Standards Act, the US district court judge said. Photo: Bloomberg

    Uber drivers not company’s employees, US judge rules

    Apr 13, 2018 8:54am
    A US judge in Philadelphia has ruled that limousine drivers for Uber Technologies Inc. are independent contractors and not the company’s employees under federal law, Reuters reports. US District Judge Michael Baylson on Wednesday said the San...
  • The Tesla Model X car crashed and caught fire near Mountain View, California, on March 23, prompting investigations by the authorities. Photo: Reuters

    Tesla, US safety board clash over Autopilot investigation

    Apr 13, 2018 8:51am
    Tesla Inc. lashed out at the National Transportation Safety Board after the agency took the unusual step of removing the automaker as a party to its investigation of a fatal crash in March in which a...
  • Facebook CEO Mark Zuckerberg is under pressure to rethink his company's business model that relies of advertising revenue in exchange for the personal data of users of the social network. Photo: AFP/Reuters

    Can we not just pay to protect the privacy of our data?

    - Apr 12, 2018 1:12pm
    Facebook chief executive Mark Zuckerberg is said to have passed satisfactorily two days of intense grilling by US lawmakers, who invited him to shed light on the data privacy scandal that has beset his global social network....
  • Stitch Fix uses style experts and artificial intelligence to select clothing and accessories for its clients. Photo: Facebook

    Applying AI to personal styling service

    - Apr 12, 2018 9:39am
    Decades ago, when the internet was still in its infancy, experts predicted that one-on-one marketing would soon become a reality, and consumers would just sit at home and wait for the products they ordered to be...
  • Tesla is believed to have set an ambitious target for launch of production of Model Y, a crossover version of the Model 3. Photo: Reuters

    Tesla aims to begin Model Y production in Nov 2019: report

    Apr 12, 2018 9:23am
    Tesla is targeting November 2019 for start of production of its Model Y sport utility vehicle, with output in China to begin two years later, Reuters reports, citing sources familiar with the matter. The electric car...
  • Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing on Capitol Hill in Washington, D.C., on Wednesday. Photo: Reuters

    Zuckerberg spars with Congress over control of Facebook data

    Apr 12, 2018 8:54am
    Facebook Inc. chief executive Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 US lawmakers and emerged largely unscathed. He parried questions of how much control people have over their data on...
  • In its latest move to compete with Amazon, Walmart has established a partnership with logistics service provider Postmates to expand its grocery delivery business. Photo: Postmates, Bloomberg

    Walmart partners Postmates to expand online grocery delivery

    Apr 11, 2018 1:06pm
    US retail giant Walmart has established a partnership with logistics service provider Postmates to expand its grocery delivery business. The Walmart Online Grocery Delivery service, which will deliver online grocery orders directly to the shoppers’ homes,...
  • China's censors have ordered four popular new providers, including Toutiao, to remove their mobile apps from smartphone stores in a bid to tighten its control over the internet. Photo: Reuters/Xinhua

    Why China is cracking down on popular news apps

    - Apr 11, 2018 12:47pm
    In his speech at the annual Boao Forum in Hainan province on Tuesday, President Xi Jinping reiterated his pledge to further open up China’s economy. But just a day before, his censors ordered four popular new...
  • A Dubai-based cryptocurrency firm has rejected accusations that it is trying to piggyback off the Alibaba name. Photo: Bloomberg

    Alibaba has no monopoly on ‘magic’ name: Dubai’s Alibabacoin

    Apr 11, 2018 9:14am
    A Dubai-based cryptocurrency firm, Alibabacoin Foundation, on Tuesday asked a US judge to dismiss a trademark lawsuit from Alibaba Group, saying the Chinese e-commerce retailer cannot monopolize the “magical” Alibaba name. In a filing with the US District...
  • Ant Financial Services Group, which runs the mobile payments platform Alipay, is in talks with investors to raise between US$8 billion and US$10 billion in its next round of funding.  Photo: Bloomberg

    China’s Ant eyes new fundraising, valuation could hit US$150 bln

    Apr 11, 2018 9:00am
    China’s Ant Financial Services Group is in talks with investors to raise at least US$8 billion in its next round of funding, potentially valuing the company at about US$150 billion ahead of its stock market listing,...
  • Google is said to be in advanced discussions for purchase of Nokia's airplane broadband business. Photo: Reuters

    Google in talks to buy Nokia airplane broadband business: report

    Apr 11, 2018 8:58am
    Google is in discussions to acquire Nokia’s airplane broadband business, Bloomberg reports, citing people familiar with the matter. Nokia’s technology could help Google offer a faster alternative to existing Wi-Fi on airplanes, the report noted. Talks...
  • Mark Zuckerberg testifies before a joint Senate Judiciary and Commerce Committees hearing in Washington on Tuesday regarding Facebook's use and protection of user data. Photo: Reuters

    Zuckerberg testifies to Senate panel; fends off regulation talk

    Apr 11, 2018 8:49am
    Facebook’s co-founder and CEO Mark Zuckerberg appeared before a US Congressional panel on Tuesday to field questions regarding the company’s data practices and other issues. At the hearing, Zuckerberg repeated apologies made on Monday for a range...
  • Lucy Peng stepped down as chairman of Ant Financial to become the chief executive of Singapore-based e-commerce firm Lazada. Photo: Sohu

    Lucy Peng move shows Alibaba has high hopes for Lazada

    - Apr 11, 2018 8:04am
    Lucy Peng, often described as the most important woman in e-commerce giant Alibaba, has decided to step down as the chairwoman of the group’s key fintech arm Ant Financial. She is going to head Lazada, a...
  • PayPal is rolling out basic banking features in the US, taking aim at the more than 30 million people in the country who do not have traditional bank accounts. Photo: Reuters

    PayPal turning into ‘virtual bank’ for the unbanked in US

    Apr 10, 2018 3:01pm
    PayPal is rolling out basic banking features to its digital wallets in the United States, targeting the unbanked population in the country through partnerships with small banks and offering products such as debit card and consumer loans....
  • Facebook's co-founder and CEO Mark Zuckerberg is set to face grilling from US lawmakers this week over the firm's data and advertising practices. Photo: Reuters

    Would you boycott Facebook platforms for 24 hours?

    - Apr 10, 2018 2:00pm
    As Facebook’s Mark Zuckerberg prepares for testimony before US lawmakers on the firm’s data privacy scandal, a group calling itself Faceblock has called on netizens to send a strong message to the CEO that it can’t...
  • Circle Internet Financial is 'definitely not interested in an IPO' at this point in time, says CEO Jeremy Allaire. Photo: Bloomberg

    No plans to go public anytime soon: Circle CEO

    - Apr 10, 2018 10:00am
    In an article published on Monday, we presented the views of Jeremy Allaire, co-founder and CEO of blockchain-based payments startup Circle on the rationale behind the company’s decision to set up its Asian operations in Hong...
  • Apple's 50-megawatt solar farm, east of the firm’s data center in Mesa, Arizona is pictured in this undated handout photo obtained by Reuters on Monday. Credit: Apple/Reuters

    Apple says all its facilities now powered fully by clean energy

    Apr 10, 2018 9:09am
    Apple said on Monday that it has achieved its goal of powering all of its global facilities, including data centers, offices and retail stores, with 100 percent renewable energy. The US tech giant also said nine suppliers...
  • Facebook CEO Mark Zuckerberg leaves the office of a senator on Capitol Hill in Washington on Monday. Photo: AFP

    Zuckerberg meets US lawmakers, apologizes for mistakes

    Apr 10, 2018 9:08am
    Facebook Inc. chief executive Mark Zuckerberg swapped his trademark T-shirt and jeans for a dark suit and a purple tie on Monday as he met US lawmakers to apologize for the social network’s misuse of its...
  • Tencent could reap big rewards from its investment in the US-based developer of the super-hit game Fortnite. Photo: YouTube

    This new game could become Tencent’s next cash cow

    - Apr 10, 2018 8:03am
    Six years ago, Tencent Holdings (00700.HK) made an investment in a struggling US-based game developer. Last year, that developer trial-launched a game which became a super hit, raising the prospect that it could emerge as Tencent’s...
  • SenseTime co-founder Xu Chiheng demonstrates his company's surveillance software on a laptop. The AI startup has just closed a record funding round led by Alibaba. Photo: Reuters

    SenseTime raises US$600 million in Alibaba-led funding round

    Apr 9, 2018 5:25pm
    Chinese artificial intelligence (AI) startup SenseTime Group says it has raised US$600 million in its Series C round of funding, which is led by Chinese e-commerce giant Alibaba. Singapore state investment firm Temasek and Suning, China’s...

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