Enterprise Innovation — China will lead the Asia-Pacific region in online spending this holiday season with $150 billion in sales forecast, new research from Adobe Digital Index reveals. China’s booming economy has led to the highest anticipated online spend in the region (55 percent), with nearly half of the country’s consumers surveyed (49 percent) predicting an increase in their online spend for the period.
Gross merchandise volume for Alibaba Group’s 11.11 global shopping festival reached $14.3 billion this year or 60 percent higher than last year’s sales of $9.3 billion. In the first 90 minutes alone of the 24-hour online shopping marathon, the Chinese e-commerce giant said $5 billion of GMV was already settled through Alipay, 70 percent of which were on mobile.
Tech in Asia — Investments in China’s tech companies and startups “soared” in the first half of the year, says a new report (PDF link) this week from PricewaterhouseCoopers. All the funding thrown at Chinese web and tech firms “in H1 2015 were almost the same as the full-year total of 2014.”
Times of India — Apple Inc plans to launch its mobile payment system Apple Pay in China by early February, the Wall Street Journal reported. The iPhone maker has struck deals recently with China’s big four state-run banks, the newspaper reported, citing people familiar with the discussions.
livemint — New Delhi: Chinese computer technology company Lenovo Group Ltd is betting on India’s e-commerce sector to accelerate growth for its enterprise segment which sells servers and storage, catering to the networking needs of web companies. Taking on the bigger rivals including Hewlett Packard Enterprise and Dell Inc. with the renewed India strategy, the company is eyeing a bigger piece of India’s datacenter infrastructure market.
SE Asia Mag — The Internet of Things (IoT) is a sub-sector of the higher-level concept of the Internet of Everything (IoE), which connects people, processes, data and things, with the aim of bringing maximum value to the global economy. Technologies that have made IoE a reality include short-range communications, embedded intelligence, cloud computing, next-generation networks, sensor technology, Big Data, and data analytics. The popularity of the Industrial Internet of Things (IIoT) in Asia-Pacific is largely attributable to the informed manufacturing, which leads to a transparent and streamlined manufacturing process.
The digital economy is permeating rapidly worldwide due to the widespread adoption of digital technologies — such as mobile, cloud, social media and big data — to improve efficiency and enable innovation. To help organisations further benefit from those digital tools, the Hong Kong Computer Society (HKCS) is hosting its annual Hong Kong International Computer Conference (HKICC 2015) with the theme of #digital_economy — Powered by Innovation. The event will be held from 24 to 25 November 2015 at the Hong Kong Convention and Exhibition Centre.
ZDNet — In tech savvy South Korea, YouTube currently reigns supreme, but Naver Corporation, the sprawling conglomerate behind the country’s largest search portal and chat app Line in Japan, vowed to challenge YouTube’s video streaming dominance in 2016. Naver executives took the stage at the Naver Connect 2015 conference last Tuesday to deliver a message best summed up by two keywords: “live” and “mobile”.
Telecom Asia — Japan’s NTT DoCoMo will today commence providing mobile network consulting services to overseas mobile operators, starting with an arrangement in the Philippines. The operator has been contracted to provide network consulting services to Smart Communications, focused on improving and optimizing radio network quality in capital city Manila.
IoT HUB — Manufacturers expect IoT will be second only to cloud in terms of the transformative benefits it brings to the sector, a survey by Cisco shows. The survey, which encompassed 600 manufacturers in 13 countries including Australia, found one in three respondents are looking to IoT for future business benefit.
China Tech News — Now that Alibaba almost owns China’s top online video site, what does this mean for investors and company management at the acquired business? Announced this week right before the big e-commerce event of Singles’ Day, Chinese e-commerce group Alibaba and Internet video group Youku Tudou jointly announced that the two parties have reached an agreement, under which Alibaba will acquire Youku-Tudou in cash.
Enterprise Innovation — Hong Kong played host to the last leg of the Asia Pacific Citi Mobile Challenge (CMC). Organized by Citi, 18 teams from five markets made it to the finals in Hong Kong and presented working prototypes of innovative mobile financial technologies to a room of people, including Citi executives, venture capitalists and senior representatives from large corporations and incubators.
Tech in Asia — When you think of online shopping events in China, I’m sure Singles Day comes to mind. And with good reason: it’s not only the biggest online shopping event in the Middle Kingdom, it’s the biggest online shopping event in the world. But Alibaba has another seasonal shopping event, and this one might be more important in the long run.
Times of India — NEW DELHI: Samsung has unveiled a new generation of S-RAM for smartphones, tablets and other gadget lines based on the ultra-thin 10nm FinFET technology with 128MB transfer rate. This S-RAM made on the 10nm process is 37.5% smaller in size than the current range of D-RAMs made on 14nm process.
Times of India — BEIJING: Contract electronics maker Foxconn plans to build a new processing base in northwest China’s Gansu province, indicating the tech giant’s further expansion on the inland market. Foxconn Technology Group, the main supplier to tech giant Apple, inked a cooperation deal with Gansu Radio and Television Network Co Ltd, agreeing to establish a joint electronics processing base in the provincial capital Lanzhou, Xinhua reported.
IT News — American Express customers can start using Apple’s mobile payments solution on their iDevices from today for the first time as the service goes live in Australia. Apple last month confirmed the deal, which marked the first expansion outside the US and UK for Apple Pay. From today, American Express card holders can add their cards to Apple’s mobile wallet to pay for purchases through their iDevice.
Android Headlines — November started with Huawei inviting us, along with a few other publications, across the world to China. Where we would spend some time in both Shenzhen (where their headquarters are located) as well as in Beijing. The main purpose of this trip was to give the media more of an inside look at the company, who is now the largest smartphone manufacturer in China, having recently taken that crown back from the start-up Xiaomi.
Digi Times — Shenzhen-based NxEra, a subsidiary of Foxconn Electronics, has set up a joint venture with a subsidiary of China Central Television (CCTV) for providing IoT-based video services, according to a media report in China. NxEra is a mobile connected cloud platform set up in 2014 focusing on development of IoT technologies for recruitment, logistics, footprint, cash flow, information flow and technology flow applications, according to company data.
Times of India — HONG KONG: WeBank, the online finance arm of Chinese tech firm Tencent Holdings Ltd, is looking to raise about $1 billion to expand its lending business and other financial services, a person with knowledge of the matter said on Wednesday. WeBank, launched in January, plans to hold discussions primarily with private equity investors over the next couple of months, said the person, who declined to be identified as the matter has not been announced.
Times of India — SHANGHAI: China’s main search engine Baidu plans to launch an online bank with financial services group Citic, the two companies said, as the internet firm seeks to compete with rivals moving into banking. The Baixin Bank, a venture between Baidu and China Citic Bank, will be the country’s first lender formed by an internet company and a traditional bank, Baidu said in a statement.