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Thursday, October 17, 2019

Tag: tech

China video startup Kuaishou to raise US$1 bil, pre-IPO

Kuaishou is an important part of Chinese social media giant Tencent’s strategy to compete against ByteDance who owns TikTok.

Canada hints at penalties for internet firms that allow child exploitation

The boost to police funding to fight child exploitation online comes as Canada reports incidents of child pornography have increased by 288%.

Disney report to shine spotlight on streaming war

Disney's family-friendly Disney+ is viewed as the most dangerous threat to Netflix.

YouTube needs ‘new set of rules and laws’ says executive

Rising public pressure on YouTube and other social media platforms has prodded them to try and limit the negative aspects.

Apple moves Mac Pro production to China from US

The tech giant has tapped contractor Quanta Computer Inc to manufacture the US$6,000 desktop computer.

Slack expects US$600 Million in sales this year

The company is following Spotify Technology SA by going for direct listing, as Slack already has so much in total assets – US$1.1 billion and doesn’t need to raise more capital with an IPO.

Germany’s first sensor receives offer from TE Connectivity

The offer would value the German maker of electronic sensors used in industrial and medical equipment at €285.6 million (US$320 million).

Robinhood is set to raise at least US$200 million in new...

The cash infusion is coming from existing investors with the company’s valuation could climb to as much as US$10 billion in a subsequent round.

Tencent leads US$250 million round in Chinese travel site Mafengwo

China’s online travel industry is expected to grow 18% to US$143 billion of transactions this year, according to consultancy iResearch.

Amazon’s pullout is a blow to New York City’s tech momentum

Amazon abruptly pulled the plug, giving in to fierce opposition from local politicians and community organizers, and taking its pledge of 25,000 high-paying tech jobs off the table.

France to introduce tax on large internet, tech firms

The OECD is working on a proposal for a new international scheme that would regulate taxation on tech firms.

Tech leads US stocks to higher close after volatile session

Key headwinds for US stocks include the ongoing trade war between Washington and Beijing and worries that US growth could slow considerably in 2019 and potentially tip into a recession.

Markets tumble as Huawei arrest rekindles US-China trade fears

The Trump-Xi rally on Monday ran out of steam with investors fretting over the fragile state of the world economy and Brexit uncertainty.

New tech regulation ‘inevitable,’ Apple CEO says

Tim Cook has previously been a proponent of self-regulation, especially as concerns user data protection.

Google Cloud CEO Diane Greene to leave; Kurian steps in

Greene said in a blog post that she will stay as an Alphabet board member.

The internet is splitting in two amid US-China spat

On one side is a cyberspace arena that espouses open communication while the other is a walled-off, thoroughly scrubbed world.

Inside Samsung’s bid to challenge Apple with 5G, folding phones

The bendable display does not hold a finger-print sensor like the S10, due to technical difficulties unique to its flexible screens.

China’s growth dragged down by construction, bolstered by tech

The economy has faced increasing headwinds this year, with simmering trade tensions and a slumping stock market.

European shares fall as uncertainty prevails; tech, luxury hit

Luxury stocks were rattled by fears of a Chinese slowdown and a Morgan Stanley "underweight" call on luxury stocks.

Apple chief says firm guards data privacy in China

Cook says while he is a fan of the free market, he supports the idea of legislation aimed at protecting people's privacy.

Instagram names Adam Mosseri as new head

Co-founders Kevin Systrom and Mike Krieger resigned as chief executive officer and chief technical officer of Instagram last week giving scant explanation for the move.

Facebook admits phone numbers may be used to target ads

The social media giant is grappling with the worst crisis in its history, vilified for not more zealously guarding the information that users share.

Destroy the selfie competition with upcoming 100-megapixel shooter

This model will also have the 'world's first-ever built-in image stabilisation technology to be incorporated into a medium format digital camera'.

Apple-1 computer fetches US$375,000 at auction

The computer sold this week was restored to original running condition in June and included the original Apple-1 board, a cassette interface, keyboard and other equipment.