Enterprise Innovation — Small and medium enterprises are the foundation of almost every nation’s economy. They employ at least 70% of workers in the majority of countries, make up 80% of net job growth, and contribute over 50% of GDP in almost all major economies. 10 million new jobs could be created if barriers to entrepreneurial ecosystems are removed.
China Tech News — Intel has teamed with Tsinghua University and Montage Technology Global Holdings Ltd for the founding of a special chip joint venture in China. This move will reportedly help eliminate China’s worries about the security of imported technologies. Prior to this, the Chinese government called to reduce the dependence on foreign-made semiconductor products, especially those used in systems that could be targeted by spies from abroad.
Forbes — An in-depth analysis of the Hong Kong startup ecosystem finds that this emerging hub is making quick progress but still lacks enough venture capital and entrepreneurial talent to rank among the top international capitals of innovation such as Silicon Valley.
PRNewswire — JAKARTA: Frost & Sullivan forecast that Asia Pacific Internet of Things (IoT) spending will grow at 26,8% to reach USD 79,3 billion in 2020. Ajay Sunder, Vice President of Digital Transformation Practice in APAC said that most of the growth will come from IoT services, majority of which will be powered by IoT Cloud platforms from major players such as Amazon Web Service IoT platform, Azure IoT Suite, Hana IoT Cloud and Predix.
Forbes — ABU DHABI: With its cloud business growing in the Middle East, Oracle plans to establish a state-of-the-art data center in Abu Dhabi, capital of the United Arab Emirates. Oracle CEO Mark Hurd unveiled the plans January 26 as the latest evidence of Oracle’s commitment to the region.
Times of India — BENGALURU: Global e-commerce giant Amazon has maintained that India remains a top investment destination for the company. In a quarterly investor call, its CFO Brian Olsavsky said that its sales for the last quarter of 2015 were greater than the full year 2014. The Oct-Dec period was the peak shopping season in the country with Diwali festival falling during the quarter.
Digi Times — Smartphone vendors shipped a total of 399.5 million units during the fourth quarter of 2015, up 5.7% from a year earlier, according to the latest data released by IDC. For all of 2015, worldwide smartphone shipments reached 1.433 billion units, marking the highest year of shipments on record, and representing a 10.1% on-year growth, IDC said.
Forbes — When I arrived in Hong Kong in the summer of 2013 to open the first international office for my digital marketing agency, there was a small handful of startups in the city. Only a few were serious, while many were small websites or apps without a market outside Hong Kong’s relatively small market of 7 million individuals.
Channel World — Since he announced it in 2011, Marc Andreessen’s statement that “software is eating the world” has become a truism with a pride of place in every presenter’s deck (full disclosure: it’s featured prominently in mine). Recently, Benedict Evans of the venture capital firm Andreessen Horowitz(seeing a pattern here?) writes that “mobile is eating the world.”
ZDNet — Alibaba Group has reported a 23 percent increase in total revenue year-over-year to the nine months ended December 31, 2015, attributing the result to the continued rapid growth of its China commerce retail business. The company said it achieved 77 million yuan (AU$16.5 million) for the period, up from 58.8 million yuan reported over the same nine month period in 2014.
Straits Times — BEIJING (REUTERS) A new Chinese military outfit will lead the country’s push to enhance its cyber warfare, space security and online espionage capabilities, Chinese military observers and analysts said. Senior People’s Liberation Army (PLA) officials and other observers have begun to give details of the country’s new Strategic Support Force (SSF), whose establishment was announced at the end of last year as part of a major overhaul of the armed forces.
Enterprise Innovation — Market analyst Gartner says mobile payments are gaining acceptance among consumers in North America, Japan and some countries in Western Europe, according. The company predicts that half of consumers in mature markets using smartphones or wearables will use mobile payments by 2018.
Digi Times — Total shipments of smartphones by China-based vendors grew 8.8% on quarter and 18.3% on year to 154.2 million units in the fourth quarter of 2015, according to the latest data released by Digitimes Research. Of total shipments, China vendors saw their overseas shipments increase 25.6% on year to 69 million units in the fourth quarter, mainly to India, Southeast Asia, East Europe, Russia and South America, Digitimes Research revealed.
Telecom Asia — Ericsson has reported a 23.4% increase in net profit for 2015 to 13.7 billion kronor ($1.61 billion), thanks to a strong fourth quarter and the impact of ongoing cost cutting efforts. Sales for the year increased 8% to 246.9 billion kronor, with growth in India, China and North America compensating for declines in Japan, Russia and Brazil.
Telecom Asia — Apparently China isn’t the only major market left where Netflix will have to do some work to get off the ground. Indonesia’s dominant provider PT Telkom has apparently blocked access to the OTT provider’s video offerings as of Wednesday morning. Why, you ask? Violence and pornography of course. Well, it’s not PT Telkom itself behind the move, although they are the ones implementing it.
Nikkei — TOKYO: SoftBank has partnered with an American startup that performs big-data analysis on city traffic, aiming to provide efficient traffic systems to Japanese bus, taxi and transportation companies. Urban Engines, founded by Google researchers and a Stanford University professor, counts the search engine giant as an investor. Its strength is creating software and systems to analyze masses of traffic-related data.
MIS Asia — AliCloud, the cloud computing business of Alibaba Group, has launched a big data platform at its Computing Conference – 2016 Shanghai Summit. Supported by AliCloud’s in-data management, the big data platform offers 20 new solutions covering all aspects of the data development chain including computing engine, data processing, data analysis, machine learning and data application.
Forbes — I’m in Hong Kong this week and had a chance to attend and participate in InvestHK’s StartmeupHK Festival 2016. It’s a weeklong gathering of the Hong Kong startup community and an occasion to celebrate the success stories of Hong Kong–based entrepreneurs. It’s actually a number of separate events all consolidated into the week that included FF16 – a fintech startup competition, LaunchIoT – a Consumer IoT Summit, and HealthTechAsia.
Data Center News — Japanese telco Softbank has deployed Brocade VDX switches to provide Ethernet fabrics, streamlining its data center operations and increasing business agility. The new infrastructure is designed to reduce complexity and the cost of network operations within SoftBank’s data centers, providing the company with more agility to pursue new growth opportunities with over-the-top services.
Deal Street Asia — Cloud4C, promoted by Tier-4 datacentre services provider CtrlS, is looking to sell 25 per cent stake to private equity funds for about $20 million to fund future expansion, as per a report in The Economic Times. The company plans to set up up public cloud infrastructure for critical applications in 17 countries in South East Asia, West Asia, Africa and Australia by the year-end. It has already invested around $40 million on technology architecture and human resources so far.
Data Center News — The South East Asia data center market is is undergoing a major shift as geographies outside of Singapore claim an increasing stake in the burgeoning market. Consulting firm BroadGroup says the region will see substantial growth in data centers over the next 24 months, creating a market conservatively estimated at US$3.4 billion by the end of 2017.
IT Wire — Telstra has a big tick of approval as the best performer of all telcos in the Asia Pacific market last year, with global analyst firm IDC noting that industry specific solutions and cloud services – mainly in Australia – and its Indonesia joint venture with Telkom Indonesia helping in Telstra’s “upward push”.
Telecom Asia — IT and business executives agree that digital transformation and the use of hybrid clouds are essential to competitive success in the digital era, according to EMC. Citing results of a study conducted by IDG Research Services, EMC said organizations must “think digital” to enhance customer experiences, increase flexibility, drive business opportunities, and decrease costs.
ZTE has completed tests set up by the Big Data and IT Technology Department of China Mobile’s research arm, China Mobile Research Institute, for Internet of Things (IoT) docking and interoperability. The move is a key step in the deployment of cloud-based network function virtualization (NFV) technologies, ZTE said in a statement.
Crypto Coins News — Japanese exchange Bitflyer has announced a 50 million Yen investment into a new fund which will see Osaka-based IoT startup Sivira as the first company to benefit from the fund. According to the exchange, this is in an effort to support and encourage the growth of blockchain businesses in Japan.
The Diplomat — The news on Saturday that Indonesia and China will cooperate in cyber war exercises is big enough in itself for strategic relationships in the region. At the same time, it shows that the two countries have an advanced understanding of what cyber war will look like and it sets a new diplomatic precedent in how states must work together in preparing for the most likely impacts of cyber war.
Tech in Asia — Uber will expand into 18 new cities in China by the end of next month, the company announced today. This expansion across Southern China is hot on the heels of last week’s news that Uber was starting up in 15 cities in Sichuan province before the beginning of Chinese New Year in early February. With the two separate expansions combined, Uber will be in 55 Chinese cities by the end of next month.
Business Mirror — DESPITE the headwinds that the telecommunications industry will face this year, the overall outlook for the sector remains bright. Consumers, in particular, will likely benefit from the possible entry of a new market player that promises to provide Internet services with better quality than the incumbents.
Times of India — SAN FRANCISCO: As red-hot sales in China show signs of cooling, Apple Inc executives are touting India’s growing appetite for iPhones. In an earnings call in which the company reported meager iPhone growth and forecast its first revenue drop in 13 years, the Indian market stood out as a rare bright spot for Apple.