24 January 2018

Tech, Media & Telecom

  • Lego has joined hands with Tencent to create branded video games targeted at children in China. Photo: Bloomberg

    Lego partners with Tencent on online games for Chinese kids

    Jan 16, 2018 1:22pm
    Toymaker Lego has teamed up with Chinese internet giant Tencent to create branded video games and potentially a new social network targeting children in China. In a statement Monday, Lego said the partnership with Tencent aims...
  • Dogecoin, a cryptocurrency created by Jackson Palmer (inset), gained a market value of over US$2 billion last week. Photo: Dogecoin/Twitter

    Cryptocurrencies set to burst, Dogecoin creator warns

    Jan 16, 2018 12:16pm
    Dogecoin, a cryptocurrency that started as a parody, achieved a market value of over US$2 billion last week. Amid its skyrocketing value, its creator, Jackson Palmer, recently expressed his concern about the massive speculation over bitcoin...
  • Even tech giants like Google are jumping on the internet television bandwagon. Google launched its YouTube TV in the US market last year. Photo: Youtube

    Internet television is an irreversible trend

    - Jan 16, 2018 10:28am
    Hong Kong’s traditional TV industry is feeling growing pressure from internet-based over-the-top (OTT) services. Television Broadcasts (TVB), the city’s largest broadcaster, has launched TVB Anywhere OTT service to tap the international market. PCCW-backed Viu has also...
  • Following a "mutual understanding" between Apple and Tencent, WeChat users will be able to resume doling out monetary gifts to their favorite content creators. Photo: Bloomberg

    Apple, Tencent reach deal over WeChat ‘tipping’ feature

    Jan 16, 2018 9:30am
    Apple and Tencent have reached a deal that will allow the users of WeChat, Tencent’s popular messaging app, to resume giving in-app monetary gifts to content creators, the Wall Street Journal reports. At a developers’ conference...
  • Authorities want to curb cryptocurrency trading amid concerns over excessive speculation, money laundering and tax evasion. Photo: AFP

    China to step up crackdown on cryptocurrency trading: report

    Jan 16, 2018 9:02am
    China is stepping up its clampdown on cryptocurrency trading, and is now targeting online platforms and mobile apps that offer exchange-like services, Bloomberg reports, citing people familiar with the matter. Authorities said alternative venues have cropped up...
  • Effective regulation of virtual currencies such as bitcoin could only be achieved through international cooperation because nations have limited regulatory power, said Joachim Wuermeling, a board member of Germany’s Bundesbank. Photo: Reuters

    Any rule on bitcoin must be global, Germany’s central bank says

    Jan 16, 2018 8:40am
    Any attempt to regulate cryptocurrencies such as bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community, Reuters quotes a director at Germany’s central...
  • Boeing unveils a prototype of a cargo drone (inset) that can carry a payload of up to 500 pounds. The drone weighs 747 pounds and measures 15 feet long, 18 feet wide and 4 feet tall. Photo: Reuters/Boeing

    Boeing unveils prototype of giant cargo drone

    Jan 15, 2018 6:17pm
    Aircraft maker Boeing has unveiled a prototype of a cargo drone. Described by the company as an “unmanned electric vertical-takeoff-and-landing cargo air vehicle prototype”, the drone weighs 747 pounds and measures 15 feet long, 18 feet wide...
  • Facebook may sacrifice some revenue in the short term due to adjustments in its News Feed content, but the move will yield dividends for the social media giant in the long run. Photo: Reuters

    Facebook’s policy U-turn on News Feed makes long-term sense

    - Jan 15, 2018 4:50pm
    Facebook saw its shares slide 4.5 percent on Jan 12, despite a broad market rally in the US that day, after the company announced major changes to its News Feed policy. Chief Executive Mark Zuckerberg said...
  • Canaan Creative plans to list its shares on the National Equities Exchange and Quotations. Photo: Canaan

    Bitcoin hardware maker Canaan posts 1.2 bln yuan sales in 2017

    Jan 15, 2018 4:29pm
    Beijing-based Canaan Creative, a maker of hardware used in bitcoin mining, recorded sales of over 1.2 billion yuan (US$185.2 million) with a profit of 300 million yuan (US$46.6 million) in 2017, the company’s co-chairman Kong Jianping told Chinese...
  • Lawmaker Michael Tien said banning ride-hailing services is "inappropriate" for a city that wants to ride the smart city trend. Photo: Reuters/HKEJ

    Tien says HK should open market for ride-hailing services

    - Jan 15, 2018 12:55pm
    The Hong Kong smart city blueprint, which was published last month, failed to discuss hot issues such as ride-hailing services. Michael Tien, chairman of the Legislative Council’s transport panel, said that with the MTR system already...
  • Travelers give much value to reviews of restaurants and dishes made by real customers. Photo: TripAdvisor

    Why real customer reviews are critical for lifestyle apps

    - Jan 15, 2018 10:13am
    Most people are willing to spend money to try the local cuisine when they travel abroad. However, finding a good restaurant in an unfamiliar city is not an easy task. In the past, travelers would rely...
  • SoftBank is said to be planning an IPO of its core mobile-phone unit that would rival the 1987 listing of NTT Corp. Photo: Bloomberg

    Softbank plans US$18 bln IPO of mobile-phone unit: report

    Jan 15, 2018 9:26am
    Japan’s SoftBank Group is reported to be planning to list its core mobile-phone unit in Tokyo as early as this spring, in a deal that could raise some 2 trillion yen (US$18 billion). The parent will...
  • Bill Ford, executive chairman of Ford Motor, speaks at an event at the North American International Auto Show in Detroit on Sunday. Photo: Reuters

    Ford to step up EV investment to US$11 bln by 2022

    Jan 15, 2018 8:25am
    Ford Motor Company now plans to invest as much as US$11 billion on electric vehicles by 2022, a huge jump from an earlier announced target of US$4.5 billion spending on such initiatives by 2020. The investments will...
  • Facebook CEO Mark Zuckerberg said the company will change the filter for the News Feed to prioritize what friends and family share, while reducing the amount of non-advertising content from publishers and brands. Photo: Bloomberg

    Facebook to shift focus to friends, family in News Feed revamp

    Jan 12, 2018 4:27pm
    Facebook Inc. has begun to change the way it filters posts and videos on its centerpiece News Feed, the start of what chief executive Mark Zuckerberg said would be a series of changes in the design...
  • An analyst looks at code in a malware lab. Guarding against cyber-threats is becoming more challenging as criminals come up with new hacking tools. Photo: Reuters

    App monitoring, cryptojacking: Cyber-threats to watch out for

    - Jan 12, 2018 1:43pm
    From WannaCry ransomware to malicious malware and data breaches, 2017 saw a new wave of cyber-attacks and hacks. Given all the data exposed around us, security concern comes as no surprise. The Hong Kong Economic Journal...
  • David Maciejak, director of security research at Fortinet, said hackers targeting popular illicit sites like The Pirate Bay can earn up to US$12,000 per month. Photo: Fortinet/Reuters

    Is your computer secretly mining cryptocurrencies?

    - Jan 12, 2018 10:18am
    The year 2017 saw a worldwide craze over cryptocurrencies. With the meteoric surge in the prices of bitcoin and other virtual currencies, a new type of cybercrime has emerged: cryptojacking. This involves hackers who secretly use other people’s...
  • Unlike the case with super-rich men in the past, Jeff Bezos' main business -- Amazon -- is not so profitable. Photo: Reuters

    Amazon valuation reflects changing investing concepts

    - Jan 12, 2018 9:30am
    Jeff Bezos, the founder of Amazon, has become the world’s richest man with his personal wealth rising to US$105 billion. That eclipses the record of US$100 billion previously set by Microsoft founder Bill Gates in 1999....
  • After helping shutter Gawker by funding lawsuits against it, Peter Thiel is said to be seeking to buy the remaining assets of the online media firm. Photo: Bloomberg

    Venture capitalist Peter Thiel submits bid for Gawker: report

    Jan 12, 2018 9:24am
    Billionaire investor and venture capitalist Peter Thiel has made an offer for the remaining assets of Gawker, the online news site he helped shut down by funding litigation against it, according to Reuters. Citing sources familiar...
  • MoneyGram will test the use of Ripple’s cryptocurrency, XRP, to move funds in a faster and cheaper way. Photo: Reuters

    MoneyGram shares jump on partnership with bitcoin rival Ripple

    Jan 12, 2018 9:17am
    Shares of MoneyGram International Inc. jumped 10.5 percent on Thursday, after the money-transfer company said it partnered with blockchain firm and bitcoin rival Ripple. As part of the arrangement, MoneyGram will test the use of Ripple’s...
  • Kris Hagerman, CEO of cybersecurity firm Sophos, points out that companies, regardless of their size, are currently confronted with the risk of hacker attacks. Photo: HKEJ

    AI can help SMEs withstand hacker attacks: expert

    Jan 11, 2018 6:33pm
    Artificial intelligence (AI) has gained so much foothold in the world of business that cybersecurity has become one of its latest applications. Among the firms that are capitalizing on the trend is UK-based cybersecurity firm Sophos, which...

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