Residents and visitors in Hong Kong can now get easier access to free Wi-Fi. The number of hotspots for the public Wi-Fi.HK service has increased to 12,000. “The number of Wi-Fi.HK hotspots has been increased from the original 5000 at the launch of the scheme [in August] to the current figure of over 12,000″, said a spokeperson from the Office of the Government Chief Information Officer.
With the introduction of the Shanghai-Hong Kong Stock Connect, Asian investors now have a high-speed, reliable one-stop securities trading platform that processes large volumes of real-time transactions in seconds. Launched on Nov. 17, the trading link marks the first time that individual investors in Mainland China and Hong Kong have mutual access to each other’s stock markets. Financial experts say the link gives global investors a route into China, the world’s second largest economy, and expect to see billions of dollars in cross-border transactions.
The future does not look bright for bitcoin in Hong Kong as local lawmakers are urging the central bank to ban the virtual currency, following the scam that could have duped investors of up to US$387 million. The company at the centre of the scam, MyCoin, describes itself on its website as the “leading global bitcoin trading platform and application service provider.
A scam involving bitcoin in Hong Kong has robbed investors of HK$3 billion (US$387 million), according to the South China Morning Post. MyCoin.hk, a small local bitcoin exchange, suddenly closed and boarded up its office last month. The company reportedly ran a pyramid scheme wherein as many as 3,000 local investors signed up for the promise of a HK$1 million (US$129,000) return on HK$400,000 (US$52,000) bitcoin mining contracts.
Lenovo Group has reached a deal with Hong Kong Cyberport Management Company Limited to jointly build a cloud service and product research and development center. According to the agreement signed by the two parties, Lenovo and Cyberport will cooperate in various sectors, including science and technology development and innovation; talent training and employment; local cloud computing; big data; and Internet industry development.
Megaport has launched its services in Hong Kong as part of its Asia Pacific expansion, the cloud services company announced on Feb 3. According to a press statement, Phase one of this deployment includes Equinix HK1 and Mega-iAdvantage. “Users in Hong Kong can now order services to any other Megaport user in many locations using Megaport’s innovative Virtual Cross Connect,” a company spokesperson said.
Over the weekend Alibaba announced it will launch an HK$1 billion (about US$128 million) not-for-profit foundation to support Hong Kong startups. The organization, which will be known as the Alibaba Hong Kong Young Entrepreneurs Foundation, will be Alibaba’s first entrepreneur-support initiative exclusively for Hong Kong, according to the company.
UTStarcom, a global telecommunications infrastructure provider, participated in the 23rd Convergence India Exhibition and Conference in New Delhi, India in 21-23 January 2015. The Company showcased its advanced broadband and optical network infrastructure technologies offering to the Indian market and mapped out its operating strategy to serve the rapidly growing demand in the market for bandwidth from cloud-based services, mobile, streaming, and other applications.
Some open datasets are great because they provide a new level of access to government. Others are worthy simply because of the richness and utility of the data. This week’s open dataset of the week comes from Hong Kong, which has released data that doesn’t make the government more transparent, but does greatly assist citizens. Hong Kong publishes a dataset showing traffic speed across the city.
Lenovo Group and the Hong Kong Cyberport Management Company Limited (Cyberport) have entered into a collaboration to establish the region’s first cloud service and product development center, as reported by Laura Luo on Datacenter Dynamic’s Chinese website. Paul Chow, chairman of Cyberport and Yang Yuanqing, chairman and CEO of Lenovo signed the Memorandum of Understanding (MoU). Under the agreement, the two parties will cooperate in a number of areas, including research and development (R&D), personnel training and employment, cloud computing, assisting start-ups, big data, and Internet industry development.
Dimension Data has been selected by a leading beverage manufacturer in Hong Kong to migrate its traditional PABX systems to a unified communications (UC) platform, said the global ICT solutions and services provider in a statement. The UC platform will enhance employee mobility and their communication productivity by an expected 30%, Dimension Data said.
Hong Kong plans to spend HK$3 billion (US$387 million) to upgrade citizen ID cards, according to the Legislative Council Panel on Security. The storage capacity on the chip will be increased so that a higher resolution photo can be stored on it. The government can then use facial recognition to read and verify the image on the chip.
Hong Kong Internet Registration Corporation Limited (HKIRC) has launched .hk WATCH, the first .hk domain name monitoring service for brand owners around the world. With this new service, HKIRC will protect brand owners from possible abuse of their brands. Cyber security incidents have continued to increase in recent years. According to the latest Global State of Information Security Survey conducted by PricewaterhouseCoopers (PwC), the number of security incidents detected climbed to 42.8 million this year, an increase of 48 percent from 2013.
NEW YORK – Verizon has deployed 100G technology on its network in Japan, Singapore and Hong Kong, connecting these three locations and further extending 100G technology on the Verizon global network. This deployment, which used the Fujitsu Flashwave 9500 ROADM and Ciena 5430 Reconfigurable Switching System, added approximately 11,681 terrestrial and submarine miles (18,800 kilometers) to the company’s extensive 100G network. These additional miles add to the more than 32,000 100G miles already deployed on Verizon’s U.S. network and 8,500 100G miles on its European network.
Lenovo, the world’s largest supplier of personal computers, has tapped Cyberport in Hong Kong to serve as its research and development base for new “cloud computing” products and services. The computer giant’s cloud research operation represents the latest high-profile tenant landed by the Hong Kong government-backed technology complex, which opened in 2002 with Microsoft among its anchor tenants.
Grand Ming Group has finished construction of a 15-story data center tower in Kwai Chung, Hong Kong. This is the second high rise the Hong Kong construction company has converted into a data center. The Asia Pacific region has some of the world’s fastest growing data center markets, and Hong Kong is one of them. Lots of companies that use data center services are located in places like Hong Kong, Shanghai, Singapore, but these business centers also serve as data center hubs that serve customers in other parts of the region.
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Telstra’s purchase of Pacnet will raise the value of its Asian operations to $2.4 billion, says Bank of America Merrill Lynch. The value of Telstra’s operations in Asia took a hit after it sold Hong Kong-based mobile provider CSL in December 2013. But BoAML research analyst Sameer Chopra told clients that Telstra’s purchase of Pacnet for $US697 million ($858 million) in the dying days of 2014 was a boon that could help raise revenues and profits.
SIMON SANTOW; It’s been burned before, but Telstra is going back to try and make money in Asia. Australia’s biggest telco has just spent $858 million buying the Singapore and Hong Kong-based Pacnet. Telstra’s hoping Pacnet’s underwater telecommunications cables and data centres around the region, especially in China, will help grow its business customer base in Asia. The company’s chief financial officer Andrew Penn spoke with our business reporter Michael Janda.
Telstra will spend US$697 million (A$857 million) to acquire cable operator and telecommunications provider Pacnet and gain access to Asia’s largest privately-owned submarine cable network. Australia’s largest telco last week confirmed it was in discussions with the Asian company over potential acquisition, which would include Pacnet’s 46,500km of submarine cable between the US and Asia. The purchase is subject to certain completion adjustments as well as regulatory and Pacnet financier approvals, and is expected to close mid next year.