BANGALORE: Wipro on Wednesday reported a lower-than-expected 8% increase in second-quarter net profit, with revenue growth barely meeting the low end of its own forecast, as top banks in Europe delayed outsourcing projects. The management, however, painted a rosy future, saying that the company is nearing the end of a more than three-year-long turnaround process and should soon be able to report over 3% growth in sequential revenue.
Chinese Internet services company Baidu, Inc. is currently using deep learning algorithm, a new subfield of artificial intelligence (AI), to improve its search engine technology and other computing tasks. Deep learning is an area of machine learning that intends to train computer hardware and software to replicate the behavior of the human brain by using data representations. Andrew Ng, former artificial intelligence chief of Google, is currently leading Baidu’s AI research and development lab in Silicon Valley, California.
MUMBAI: Apple’s India unit has cracked down on misuse of its discount programme that offers lower prices on computers for students, terminating its contract with a reseller and barring three others from using the sales avenue for the next two years, according to annual filings with the Registrar of Companies. Adiscount of Rs54.48 lakh was inappropriately availed of by a small number of resellers, according to the filing.
Here’s more proof that Rakuten is serious about becoming a global ecommerce player alongside the likes of Amazon and Alibaba: the Japanese company today launched Rakuten.co.uk. According to TechCrunch, the new UK marketplace will sell goods from Rakuten and third-party retailers, in addition to offerings from its Kobo ebook store and Wuaki video streaming service.
NEW DELHI: China-based mobile Internet browser company UCWeb today said it has partnered with leading e-commerce firms including Amazon, Flipkart, Snapdeal for a 15-day Diwali shopping festival. “The idea is that you can browse and compare the product prices via UC Browser, to find the best available deals from Amazon, Flipkart, Snapdeal, Myntra, Jabong, Homeshop18 and Shopclues,” the company said in a statement.
Intel Capital, the VC arm of chipmaker giant Intel, has just dished out a sizable chunk of its US$100 million China Smart Device Innovation Fund to invest in five Chinese startups. As the name of the fund suggests, they’re making smart gadgets or services either as wearables, mobile, or for the home. While they each might have their merits, they’re not the most exciting Chinese smart startups that we’ve seen. (For those, see our list of 12 of China’s hottest hardware startups.)
Move over, card games. Roleplaying games – RPGs – are now the most popular mobile game genre for Android users in Japan. App monetization platform Metaps discussed why in a blog post where it analyzed the top grossing categories in Japan’s Google Play store for September 2014. The card game, once a dominant genre, is now ranked fourth, behind the roleplaying, casual, and simulation categories. While its average revenue per user (ARPU) is still above average, there are also fewer new releases in that category, showing that the card battle game is finally running out of steam.
Taiwan-based Li-ion battery module makers, in view of weak global demand for notebooks and slow growth in tablet sales, are looking to new business opportunities from data center UPS systems, according to the makers. Although global demand for smartphones is still growing, a smartphone uses only only one battery module, unlike notebooks which use several, the sources said. In addition, China-based Li-ion battery module makers have been competing for orders from smartphone, tablet and notebook vendors.
iiNet is facing a fresh round of copyright litigation from Hollywood as it seeks to avoid disclosing information about customers suspected of online movie piracy. The internet provider has chosen to fight a federal court application by the owners of the film Dallas Buyers Club requiring it to hand over details of customers suspected of illegally sharing the film online. iiNet’s chief regulatory officer Steve Dalby in a blog post said the ISP had serious concerns about Dallas Buyers Club’s motivations.
The Asia-Pacific Cloud Analytics market report defines and segments the concerned market in Asia-Pacific with analysis and forecast of revenue. This market is estimated to grow from $1,038.9 million in 2014 to $4,541.0 million by 2019, at a CAGR of 34.3% from 2014 to 2019. Key players in the Asia-Pacific Cloud Analytics Market are SAS, SAP, Oracle, IBM, and Salesforce & others.
If you earn a living off of your own online web store, Alibaba wants your business. The Chinese ecommerce behemoth is partnering with Bigcommerce, a service provider for online retailers, to help international web vendors source products from Alibaba.com, the company’s flagship business-to-business marketplace.
In what appears to be the largest round for an Indonesian startup on public record, online marketplace startup Tokopedia announced its approximate US$100 million financing round, led by Japanese conglomerate SoftBank Internet and Media Inc (SIMI). Sequoia Capital joined in as a follow on investor. With this round of funding, SoftBank and Sequoia Capital representatives will join the company’s board of directors. The funding also comes as Sequoia Capital’s first investment in Indonesia.
HONG KONG: For Apple in China, trouble seems to be the new normal. Cybersecurity monitoring groups and security experts said on Monday that Apple’s online data storage service, known as iCloud, was the target of a new attack that sought to steal users’ passwords and then spy on their activities. Starting over the weekend, when many users across China tried to sign into their iCloud accounts, they may have been giving away login information to a third party, in what is called a man-in-the-middle attack.
Telstra has unveiled details of its strategy to take advantage of Asia’s rapidly growing appetite for cloud and managed network services. The carrier today revealed it has heavily reorganised its network application services and enterprise divisions to point the business squarely into Asia. It also flagged potential hundreds of millions of dollars in capital spend to establish its presence offshore.
BANGALORE, INDIA: Airtel digital TV, the Direct-To-Home (DTH) service from Bharti Airtel, today announced its partnership with Samsung to launch India’s very first Integrated Digital TV (iDTV). As part of this innovation – Samsung’s range of SmartDirect TVs will come designed with an in-built Airtel digital satellite tuner which will enable DTH signal reception without the need for customers to install an external set-top-box (STB).
TOKYO: A Tokyo court has ordered Facebook to disclose the IP addresses used by fake accounts that were posting revenge porn, a lawyer said Tuesday, in the first such case in Japan. In response to the order the US-based social networking site revealed IP addresses — a string of numbers identifying the computer being used — connected to two accounts that were uploading personal information and private pictures, lawyer Yohei Shimizu said.
KUALA LUMPUR: Maxis Bhd and DiGi Telecommunications announced separately that they will be offering the new iPhone 6 and iPhone 6 Plus on the same date — Friday, Nov 7. Pre-orders for both iPhone models will start from Friday, Oct 31 at store.maxis.com.my for Maxis customers and http://www.digi.com.my/iphone for DiGi customers. No word on pricing plans as yet.
Niko Partners forecasts that the revenue of the games industry in Southeast Asia, including Vietnam, could reach $1.7 billion by 2017. The Vietnamese industry, despite being only 10 years old, is promising, with a high growth rate of 50-100 percent per annum and approximately 20 million gamers. However, PC and console games are not dominated by domestic games developers, including major companies like VNG, which is valued at $1 billion, and VTC and FPT, the largest information technology group in the country. An analyst estimated that 90 percent of the PC games available in the market are sourced from China.
The Singapore government has pledged S$42 million (US$33.6 million) to boost research on mobile, network and cloud security. The National Research Foundation has selected seven research projects which will receive the funding over the next two to five years, Teo Chee Hean, Deputy Prime Minister, recently announced.
To achieve government’s ambitious target, private sector expected to invest aggressively in broadband roll-out. Indonesia’s government has set a target for of 70 per cent of urban households, and 100 per cent of urban office buildings, to have broadband access in the next four years. In the same period mobile broadband in urban areas is targeted to hit 100 per cent.