Post Tagged with: "tech"

Tencent joins Naspers in US$1 billion funding for Indian food delivery service Swiggy

Tencent joins Naspers in US$1 billion funding for Indian food delivery service Swiggy

Tencent Holdings joined Naspers in a US$1 billion investment in Indian food delivery service Swiggy, which gains a potentially valuable ally in China?s largest social media and gaming company. Naspers led the financing, which snagged new backers Hillhouse Capital and Wellington Management in addition to existing investors DST Global, Meituan […]

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

The annual CES consumer electronics trade show in Las Vegas ? the biggest technology and consumer electronics exhibition in the world, with around 175,000 expected attendees and 4,000 exhibitors ? will kick off this week with about 20 per cent fewer Chinese merchants. Not a big surprise perhaps, given the […]

Apple?s ?darkest day? sends a shudder through US markets, falling sharply amid fears for China economy

Apple?s ?darkest day? sends a shudder through US markets, falling sharply amid fears for China economy

US stocks suffered heavy losses on Thursday, a day after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company. The rare warning from Apple sent a shudder through markets and confirmed fears among investors that the world?s second-largest economy was […]

China?s loss-making Luckin Coffee start-up doubles down on subsidies to win customers from Starbucks

China?s loss-making Luckin Coffee start-up doubles down on subsidies to win customers from Starbucks

Luckin Coffee, the loss-making challenger to Starbucks, is doubling down on its store expansion and consumer subsidies this year, with plans to open about 2,500 new outlets in the world?s most populous nation. That would bring the Xiamen-based start-up?s total number of stores in the country to more than 4,500, […]

Huawei founder stresses trustworthiness as top priority in letter to employees

Huawei founder stresses trustworthiness as top priority in letter to employees

Huawei Technologies founder Ren Zhengfei has called for trustworthiness to be the top focus for the Chinese telecommunications equipment supplier as it battles to gain the confidence of governments and corporate clients worldwide to use its 5G products. ?Today we find ourselves at the cusp of yet another great change. […]

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war

Apple?has lowered its outlook for fiscal first-quarter revenue after an unexpected slowdown in demand from China and fewer upgrades to iPhone models. The announcement late on Wednesday sent Apple shares plunging. The company now expects revenue of about US$84 billion in the quarter ended December 29, chief executive Tim Cook […]

Baidu CEO warns that ?winter is coming? amid slowing growth, economic restructuring

Baidu CEO warns that ?winter is coming? amid slowing growth, economic restructuring

Baidu chief executive Robin Li Yanhong warned that ?winter is coming? as China?s economy shifts to a lower gear, while challenging employees at the company he co-founded to step up their game. While economic restructuring is ?as cold and real as winter to every company,? Li said in a letter […]

China?s P2P lending crisis worsens as second firm runs into trouble in a week

China?s P2P lending crisis worsens as second firm runs into trouble in a week

Mainland China?s peer-to-peer (P2P) lending crisis showed no signs of abating after another big platform said it would not be able to repay investors 860 million yuan (US$125.4 million) when the debts expire this weekend. Xinhehui, a Hangzhou-based P2P operator which has conducted online lending businesses worth more than 210 […]

Google wins US approval for Project Soli miniature radar, that could herald new era of touchless tech control

Google wins US approval for Project Soli miniature radar, that could herald new era of touchless tech control

Alphabet Inc?s Google unit has won approval from US regulators to deploy a miniature radar-based motion sensing device known as Project Soli, intended to herald touchless control of technology. The Federal Communications Commission (FCC) said in an order late on Monday that it would grant Google a waiver to operate […]

Graphic ?deepfake? porn videos are being weaponised to humiliate women ? and everybody is a potential target

Graphic ?deepfake? porn videos are being weaponised to humiliate women ? and everybody is a potential target

The video showed the woman in a pink off-the-shoulder top, sitting on a bed, smiling a convincing smile. It was her face. But it had been seamlessly grafted, without her knowledge or consent, onto someone else?s body: a young porn actress, just beginning to disrobe for the start of a […]