Social networking sites in China that are modeled on Facebook are having a hard time holding on to users, with customers like Beijing resident Shi Yunfeng, drifting away to newer services. “The user activity has been declining,” the 29-year-old said of Renren, a social networking site launched in 2005 and once known as the Facebook of China. Renren has grown stale among Shi’s friends, who generally only use it to keep in touch with old classmates. “My friends don’t really use Renren very much anymore,” he said. “Now and then I’ll look at Renren, but it’s never for anything really important.”
The Hong Kong Monetary Authority (HKMA) and Bank of Thailand (BOT) have jointly launched a new cross-border payment-versus-payment (PvP) link between Hong Kong’s US dollar real time gross settlement (RTGS) system and Thailand’s Thai Baht RTGS system (BAHTNET). This link is the third cross-border PvP link in Asia for HKMA’s RTGS system, said Peter Pang, deputy chief executive of the HKMA. The other two existing links are with Malaysia and Indonesia, he added.
A Chinese regulator is conducting an anti-monopoly investigation into Microsoft over its Windows operating system, in the latest of a growing number of competition probes that have unnerved Western firms in China. China’s State Administration for Industry & Commerce (SAIC) is also investigating a Microsoft vice president and senior managers, and has made copies of the firm’s financial statements and contracts.
Telecommunications giant Ericsson will manage the ground systems of NBN Co’s upcoming long-term satellite service under a new bundle of work worth over $300 million, added to its 10-year, $1.1 billion contract with the national network builder. Ericsson had already won a contract to build and manage the fixed wireless component of the NBN’s rural and regional deployment in mid-2011.
A total of NT$666.5 billion (US$22.3 billion) was invested by the private sector in the first half of 2014, 51.27 percent of the annual target, according to the Ministry of Economic Affairs July 29. “Investment by overseas Taiwan businesses hit NT$55.1 billion, while foreign direct investment stood at US$5.65 billion,” the MOEA said at the Invest-Taiwan summit in Taipei City. The figure brought total investment by overseas Taiwan businesses since the implementation of an MOEA promotion program in November 2012 to NT$199.4 billion, with the figure expected to easily top NT$200 billion in the coming quarter.
TOKYO, July 30, 2014 /PRNewswire/ — Allied Asia Pacific Pte LTD., subsidiary of Allied Architects, Inc. which offers social media marketing support business, is recognized as an official API Partners of Facebook advertising (*1) by Facebook, Inc. (Head Office: United States, California, CEO: Mark Zuckerberg) and developed the crowdsourcing service “ReFUEL4″ which is specialized for Facebook advertising creation. Signed a partner agreement with sPMD (*2) certified company, Nanigans, Inc. and will start the service to the countries of the world.
SINGAPORE: ST Telemedia and China’s GDS Services (GDS) announced on Wednesday (July 30) that they are partnering to expand and develop the latter’s portfolio of data centres. With the partnership, ST Telemedia agreed to invest an approximate 40 per cent stake into the Chinese data centre services provider. The tie-up will aid GDS accelerate the development of new data centres in key locations in China, according to the companies’ joint statement.
Popular indigenous smartphone maker, Micromax, is all set to launch a new affordable handset Canvas L in India soon. As the name implies, Canvas L is a big-screen smartphone. It flaunts a mammoth 5.5-inch qHD (960 x 540p) IPS screen and ships with the Android v4.4.2 KitKat OS out-of-the-box. Under the hood, it houses a 1.3GHz MediaTek quad-core processor backed by sumptuous 1GB RAM, 8GB inbuilt memory and a high-capacity 2,350 mAh battery, which can run the device for up to 8 hours of talk time and close to 210 hours under standby mode.
WeChat receives a fair amount of attention from the English-language press for its grasp on China’s mobile messaging market, its steady forays into ecommerce, and its strategic importance to parent company Tencent. But one of the app’s most overlooked qualities is its role as a hub for online media. News outlets, small businesses, and solo bloggers alike will push posts through their subscription accounts, and the app even features a simple but effective “read it later” feature.
Power supply maker and energy management solution provider Delta Electronics has posted gross margin of 27.43% and net profit of NT$5.264 billion (US$176 million) for second-quarter 2014, with both hitting the highest ever on company record. Of second-quarter consolidated revenues, 60% came from power supplies and components, 19% from energy management devices and smart green life products each, and 2% from others.
Huawei Technologies recently made an investment in XMOS, a British fabless semiconductor company and leader in intelligent multicore microcontrollers. This marks the Chinese telecom device maker’s first equity investment in a British technology company. Apart from Huawei, Robert Bosch Venture Capital GmbH of Germany and Xilinx Inc. from the U.S. also participated in the strategic investment round. The three companies invested a total of USD26 million in XMOS. XMOS’ valuation during this round of financing reached over USD100 million; however, XMOS gave no comment on the rumor.
There is a lot of chatter in the tech community about the convergence of smartphones and tablets. There is a term now for phones with bloated screens: “phablet.” One company is going in a new direction altogether with a device called the PadFone. The PadFone X is not neccessarily a completely new form factor, but rather both devices at once. It combines a 5-inch phone that can be docked to a 9-inch tablet. The thinking seems to be, “Why use a phone that is as big as a tablet and won’t easily fit into my pocket, and how much does it suck to use a phone for things a tablet could accomplish much easier with its larger screen?”
Flipkart, the retailer that pocketed $1 billion in the biggest fundraising by an Indian e-commerce company, is happy to keep losing money as it tries to maintain a market lead, Chief Executive Officer Sachin Bansal said. “We don’t intend to become profitable anytime in the near future,” Bansal, 32, said in a conference call yesterday after the announcement of the capital injection. “We want to first settle down into a business model and then think about profitability over time.”
SEOUL, July 30 — It’s essentially an 11.6-inch Android tablet, but one that seems to think it’s a Chromebook or a laptop. For a start, it has a slide-out keyboard and behind the IPS display is a very potent Intel Haswell Core i5 processor. This is the sort of chipset usually reserved for notebooks like the 13-inch MacBook Pro, meaning that, from a performance aspect seeing as it’s just running Android, it’s like using a sledgehammer to tap in a nail.
On July 19, Vietnamese learned that Redmi Note, a Chinese Xiaomi’s smartphone model, contained spyware. Some days later, they heard that not only Xiaomi’s products, but many Chinese mobile devices available in the Vietnamese market contain spyware as well. So Hoa, a website updating technology news site, reported that when conducting experiment with a Redmi Note device, the smartphone always creates the connection to the IP address 42.62.xx.xx. The address has been defined as connecting with a server located in China.
Earlier on Tuesday (29 July), Xiaomi Mi3 went on for the second sale this month and the response from the public was even more overwhelming than the previous time. Last week, Xiaomi phone got sold out within 40 minutes; today the company ran out of Mi3 stocks in a record 5 seconds time. Xiaomi boasted the feat on the company’s official Facebook page, thanking the fans for the tremendous response.
Indian Prime Minister Narendra Modi has launched a new website, mygov.nic.in, for citizens to share their ideas with the government and take part in projects. The site is a “blend of technology and people power for India’s growth,” Modi wrote on Twitter this weekend as he launched the site. Citizens register to join the site, and can then take part in online forums and volunteer their time to participate in public sector projects. The tasks that volunteers complete will be reviewed by and shared with the community on the website.
TAIPEI–Chunghwa Telecom Co. (中華電信), Taiwan’s largest wireless carrier, said Tuesday it plans to boost its share in the country’s fourth-generation (4G) mobile broadband market to 40 percent in two years, given the high market potential. President Ma Ying-jeou (馬英九) said earlier in the day at a summit on 4G development that the number of subscribers to Taiwan’s 4G services is expected to exceed 10 million by 2016, outpacing the government’s planned expansion of the sector.
TAIPEI — The HTC Desire 816, a mid-range model sold by Taiwan-based smartphone vendor HTC Corp., ranked as the best seller in Taiwan’s smartphone market in June, knocking Asustek Computer Inc.’s (華碩電腦) ZenFone 5 out of the top spot, according to the latest figures. The ZenFone 5 was second followed by HTC’s flagship model the HTC M8, Hon Hai Precision Industry Co.’s (鴻海精密) InFocus M210, China-based Xiaomi Corp.’s (小米科技) Hongmi and Apple Inc.’s iPhone 5S, according to statistics released Tuesday by industry sources.
India’s biggest ecommerce site Flipkart is often benchmarked against Amazon. People ask: Can it be the Amazon of India? But today, Sachin Bansal, cofounder and CEO of Flipkart, set the record straight. With US$1 billion of fresh funding under its belt, Flipkart, he pointed out, is in the same position as Alibaba was in 2005. “We want to shape the ecommerce ecosystem in India. We want to be India’s first US$100 billion technology company,” he added.