China’s rush to the Internet is slowing, with the country adding only 14.4 million new Internet users in the first half of 2014, the lowest half-year growth in eight years. There were 632 million Internet users in China in June, according to the government-linked China Internet Network Information Center (CNNIC). Although China has long reigned as the country with the world’s largest Internet population, the services are still struggling to take off in the rural areas, where about 450 million people never go online, said the CNNIC in its bi-annual report.
TAIPEI–Morgan Stanley has maintained an “overweight” recommendation of shares of Taiwan-based Hon Hai Precision Industry Co. (鴻海) amid optimism toward the manufacturer’s bottom line ahead of expected launches for the next generation of Apple iPhones. Hon Hai, the world’s largest contract electronics maker and assembler of iPhones and iPads, is known as one of the “Apple concept stocks” in the local bourse.
While Thailand’s overall economy is suffering terribly from the country’s ongoing political turmoil, the country’s data center service providers have miraculously been experiencing unexpected growth in business, researchers from Frost & Sullivan said. The Thai data center industry grew 21 percent in 2013, compared to the previous year, with total revenue in excess of 1,700 million baht ($51.84 million). Frost & Sullivan expects the industry to continue to enjoy strong growth of more than 15 percent in 2014.