Post Tagged with: "technology"

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 […]

Are we in danger of taking technology for granted and losing the magic of innovation?

Are we in danger of taking technology for granted and losing the magic of innovation?

Technology has become truly pervasive. It is wide and it is deep. It transcends industries, professions, economies (developed and emerging) and straddles the globe, showing no respect for borders or passports. Technology has presented us with a somewhat eccentric narrative over the years. In the 1950s and 1960s, technology was […]

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 […]

French start-up offers ?Google of the dark web?, but not for everyone

French start-up offers ?Google of the dark web?, but not for everyone

For years, criminal websites shrouded in secrecy have thrived beyond the reach of traditional search engines, but a group of French engineers has found a way to navigate this dark web ? a tool they do not want to fall into the wrong hands. ?We insist on this ability to […]

Without sufficient land supply, can Hong Kong maintain its status as a data centre hub?

Without sufficient land supply, can Hong Kong maintain its status as a data centre hub?

Land scarcity is a major threat to Hong Kong?s booming data centre industry and its status as a regional hub, according to Sunevision Holdings, the technology arm of Sun Hung Kai Properties. The city?s data centre market is projected to increase from US$705.5 million in 2016 to US$1.5 billion in […]

Huawei?s chairman posts bullish new year address, citing record revenue growth in face of difficulties

Huawei?s chairman posts bullish new year address, citing record revenue growth in face of difficulties

Huawei Technologies, the world?s largest telecommunications equipment vendor, expects to record a bullish 21 per cent jump in revenue for 2018 to US$108.5 billion, despite a series of setbacks for its global 5G business as its gear comes under closer scrutiny from the US and western governments over security concerns. […]

Foxconn said to begin assembling top-end Apple iPhones in India in 2019

Foxconn said to begin assembling top-end Apple iPhones in India in 2019

Apple?will begin assembling its top-end iPhones in India through the local unit of Foxconn Technology Group as early as next year, the first time the world‘s largest?contract electronics manufacturer will have made the product in the country, according to a source familiar with the matter. Taiwan-based Foxconn, formally?known as Hon […]

Britain?s defence secretary echoes the US with ?grave, very deep concerns? about Huawei

Britain?s defence secretary echoes the US with ?grave, very deep concerns? about Huawei

The UK?s defence secretary, Gavin Williamson, said he has ?grave, very deep concerns? about using equipment from Chinese firm Huawei Technologies in Britain?s 5G infrastructure. Williamson said the UK would need to examine the possible security threats as it upgrades its mobile networks over the next two years, according to?The […]

China?s Bitmain Technology and Huobi plan layoffs as cryptocurrency crunch begins to bite

China?s Bitmain Technology and Huobi plan layoffs as cryptocurrency crunch begins to bite

Two of the world?s biggest cryptocurrency companies have confirmed lay-off plans amid an industry crunch that has seen US$170 billion wiped off bitcoin?s market value this year. Beijing-based Bitmain Technology, the world?s biggest maker of cryptocurrency mining rigs, said in a statement that the company is undergoing ?some adjustment to […]