Digital News Asia — GOOGLE Inc has announced the addition of movies to Google Play in Malaysia, which would allow users to watch high-definition, full-length feature films from major Hollywood studios, including blockbusters like Kingsman, Pirates of the Caribbean, Interstellar and oldies like Ghostbusters.
Want China Times — Tmall.hk, an online shopping platform for overseas goods under Chinese e-commerce powerhouse Alibaba, launched an international duty-free shopping platform on Tuesday. Consumers with outbound air tickets can purchase duty-free goods via Tmall.hk’s website or mobile app and retrieve their items at designated duty-free shops using their payment confirmation text or barcode when they finish their overseas trips.
Tech in Asia — South Korean startup accelerator SparkLabs and Hanjin, the “chaebol” conglomerate that operates Korean Air, have launched a government-supported innovation center in Incheon. It completes South Korean President Park Geun-hye’s plan to build 17 such facilities across the country to promote domestic entrepreneurship.
Digi Times — Global tablet shipments declined 10% sequentially and over 15% on year to reach only 45.76 million units in the second quarter, according to Digitimes Research’s latest report on the global tablet market. Major markets felt the impacts of weak currencies; mid-range to entry-level large-size smartphones continued to cannibalize tablets; and vendors saw high inventory.
Digi Times — Total automotive semiconductor revenues in China reached US$5.6 billion in 2014, and revenues are expected to grow nearly 11% year over year in 2015 to reach US$6.2 billion, according to IHS. Semiconductors used in automotive powertrains, infotainment and body-convenience electronic systems are the primary drivers of revenue growth, said IHS.
IT News — A proprietary market management platform developed by Australia Post to help local small-to-medium retailers sell into the Chinese market has attracted more than 30 customers to the government enterprise’s books. The organisation last year partnered with software development firm MyMedia to build out a platform that would enable it to act as the middleman between local sellers and Chinese marketplaces like Alibaba, which AusPost signed a partnership with last year.
Huawei plans to partner with financial services providers including Acenture, Deloitte, First Data and Infosys to promote the the adoption by the banking industry of open-standards and cloud-based technologies comparable to those used by Internet start-ups. “Internet companies have achieved great success by deploying cloud computing and open architecture,” Huawei stated.
Times of India — BENGALURU: Flipkart has closed a funding round of $700 million (Rs 4,500 crore) at a valuation of $15 billion, scooping up capital for the first time this year as the battle for dominance in the Indian online retail market heats up. Existing investors including Steadview Capital participated in the latest fundraise, said two people aware of the development.
Business Wire — NTT America, the wholly owned U.S. subsidiary of NTT Communications Corporation and WTG a leading global distributor of connectivity services, today announced they have entered into a strategic agreement to equip WTG agents and VAR partners with ICT solutions that facilitate the rapid growth and global expansion of both disruptive and established Internet-centric businesses, mid-market companies and enterprises from Silicon Valley and across the nation.
Digi Times — China-based makers produced 761.788 million handsets in total during the first half of 2015, decreasing 4.5% on year, according to the Ministry of Industry and Information Technology (MIIT). China-based makers produced 70.582 million color TVs in the period, increasing 2.7% on year, and 66.141 million units of the output were LCD models, growing 2.1%.
IT News — The Finance department has spent an extra $30 million on its troubled redevelopment of the federal government’s central budget management system. The overhaul was originally funded in the 2010 budget, when it received $62.4 million. The CBMS is the platform used by Finance and government agencies to put together the Commonwealth budget and track spending against the budget throughout the year.
Digi Times — Spreadtrum Communications has announced that its quad-core mobile chipset, the SC7730SE, has been adopted by Samsung Electronics in a tablet series designed for launch in India and European markets. The SC7730SE is now shipping in the Samsung Galaxy Tab E tablets which will be available with WCDMA (SM-T561 series) and Wi-Fi (SM-T560 series) features.
Market Realist — So far in this series, we’ve looked at Tsinghua’s offer for Micron Technology and changing China’s semiconductor landscape through strategic acquisitions. However, it isn’t just China’s semiconductor space that’s seeing a lot of M&A (mergers and acquisitions). It isn’t the only country that’s going through a consolidation phase. In the last couple of months, a lot of mega deals have happened in the semiconductor sector around the globe.
Asia One — SINGAPORE – A new FinTech & Innovation Group (FTIG) will be formed within the Monetary Authority of Singapore (MAS) with effect from Aug 1. MAS announced in a press release on Monday that the FTIG will be responsible for regulatory policies and development strategies to facilitate the use of technology and innovation to better manage risks, enhance efficiency, and strengthen competitiveness in the financial sector.
PR Newswire — As incidents of cybercrime continue to make headlines across the globe, financial institutions are giving more attention to cybersecurity, but a new survey by FICO suggests that APAC banks may be lagging. In a survey conducted at FICO’s Asia Pacific CRO Forum, 64 percent of senior bank executives from the region said they feel unprepared for cyber-attacks today, despite cybersecurity being a clear priority for them.
PRNewswire — SHANGHAI: Spreadtrum Communications (“Spreadtrum”), a leading fabless semiconductor company in China with advanced technology in 2G, 3G, and 4G wireless communication standards, today announced that its quad-core mobile chipset, the SC7730SE has been adopted by Samsung’s tablet products that combine advanced features with affordability and portability, designed to launch into India and European markets.
RTN Asia — Open source software has become a critical driver for innovation at leading companies and public-sector organizations around the world, according to a new research report produced by Oxford Economics in partnership with Wipro Limited. The report, The Open Source Era, also shows that open source software is essential to the use of other cutting-edge technologies and that open source methodologies have spread far beyond software development.
Vietnam Net — There are more investors expanding their business in Vietnam to utilize support policies from the government and the country’s large, low cost workforce, according to the Nikkei Asian Review, an online Japanese newspaper. It noted that Microsoft has moved its manufacturing lines from two factories it closed down in China to its factory in the north of Vietnam.
Digital News Asia — SINGAPORE-headquartered fintech (financial services technology) startup ApexPeak said it has acquired Netherlands-based supply chain finance and collaboration solutions provider Asyx. Acquisition terms were not disclosed. ApexPeak, founded in 2012, offers working capital solutions to high-growth SMEs (small and medium enterprises) in emerging markets, providing cash flow solutions to businesses that are underserved by banks, it said in a statement.
MIS Asia — China Telecom Corporation (China Telecom) has partnered Gemalto to develop a proof-of-concept for subscription management in connected cars. According to market research firm Gfk, there is an increasing demand for connected cars with advanced telematics, navigation, and safety features in China. Nearly three quarters of the Chinese consumers also claimed that they would be willing to pay more for an “Ultra Safe” car than just a self-driving car.