Networks Asia — A majority (70%) of IoT adopters in Asia-Pacific have seen significant return on their IoT investment, compared to 63% globally, and 61% of Asia-Pacific companies are using IoT to support large-scale business transformation, according to Vodafone’s fourth annual ‘Internet of Things (IoT) Barometer Report.
Selling smartphones and tablets in China has become cutthroat as dwindling margins and consumers’ appetites for cheaper phones have eaten into the profits and future plans of one of China’s biggest smartphone makers.
Link to http://www.chinatechnews.com/2016/09/05/24159-is-the-market-cooling-for-chinese-smartphone-sales
Tech in Asia — Venturecraft, a startup accelerator partnering with government agency SPRING Singapore’s Sector-Specific Accelerator program, has launched a new US$37 million fund to bet on growth stage medtech and internet startups in Asia. The first investment out of the second fund is in Mirxes, a Singapore startup spun out of government research agency A*STAR that’s developing a test to diagnose a range of diseases using just a drop of blood.
Yibada — Reports were released Monday revealing that Tencent is now the largest Asian company and had overtaken Alibaba. Tencent’s current market value is at HK$1.99 trillion or $255.8 billion.Li Chengdong, a Beijing-based independent e-commerce strategy analyst, said, “Tencent’s market value is based on its current and previous good financial situation, which is driven by the company’s core businesses including advertisements, games, e-commerce and financial services.”
Nikkei — MUMBAI (NewsRise) — Tata Consultancy Services, India’s largest software exporter, said some of its clients are holding back technology spending, underscoring that customer demand is weakening amid lingering global macroeconomic uncertainties.
China Tech News — During the first half of 2016, China Telecom’s operating revenue reached CNY176.82 billion, a year-on-year increase of 7.2%; while its net profit reached CNY11.673 billion, a year-on-year increase of 6.3%. At the same time, China Telecom reported service revenue of CNY155.222 billion, a year-on-year increase of 5.6%.
e27 — cloud computing arm of Chinese internet giant Alibaba, Alibaba Cloud has announced it has signed a a Memorandum of Intent (MOI) with government-backed VC Infocomm Investments Pte Ltd (IIPL) to ramp up innovation in Singapore’s tech ecosystem.
Mobile World Live — China Telecom, the country’s third largest mobile player, reported strong increases in profit and revenue for the first half of the year, as its 4G penetration hit 44 per cent. Its net profit for the period expanded 6.3 per cent to CNY11.7 billion ($1.76 billion), while EBITDA was down very slightly (0.4 per cent) to CNY50.6 billion.
Amigo Bulls — Chinese tech and e-commerce giant Alibaba (NYSE:BABA) reported outstanding FY 2017 Q1 earnings resultswith higher-than-expected revenues and EPS figures. Alibaba achieved these earnings after its stock price rallied by 40% amid the Didi and Yahoo deals and the consistent diversification process the company is undertaking. The results reaffirmed the massive growth thesis of the bullish view of the market.
Tech in Asia — Alibaba Group Holding Ltd.’s financial affiliate is planning to purchase a 20 percent stake in Thailand’s Ascend Money in a bid to become a key financial services player in Southeast Asia. An investment into Ascend Money, parent of True Money and Ascend Nano, would help Ant Financial expand its online payments and small loans business in Southeast Asia.
ZDNet — Telstra has announced the acquisition of Readify, a developer of Microsoft software applications, saying it will bolster the telecommunications provider’s cloud offerings. The Readify acquisition augments Telstra’s purchase of Kloud in January, according to Telstra’s executive director of Global Enterprise and Services Michelle Bendschneider, as well as its earlier acquisitions of O2 Networks, Bridgepoint Communications, and NSC.
Enterprise Innovation — Amazon Web Services, (AWS), a global cloud computing platform, has launched two data centres in Mumbai recently, taking the total number of Availability Zones (AZs) to 35 across 13 technology infrastructure regions globally. With these data centres, Mumbai becomes the sixth region in Asia Pacific.
Business Wire — FRAMINGHAM, Mass: According to the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT, including public and private cloud, grew by 3.9% year over year to $6.6 billion in the first quarter of 2016 (1Q16) on slowed demand from the hyperscale public cloud sector.
SCMP — Revenues from data will start to offset the decline in voice for Chinese telecommunications companies from next year following rising consumer demands for data, according to a report by a leading mobile association. For Chinese telecom companies, legacy voice revenues fell 15.4 per cent in 2015 due to the widespread adoption of IP messaging services, according to the Mobile Economy Asia Pacific 2016 report released by the GSM Association (GSMA) at the Mobile World Congress Shanghai on Wednesday.
Business Insider — The next generation of cellular technology, 5G, will power networks at speeds far greater than the current 4G can handle. BI Intelligence, Business Insider’s premium research service, expects 5G, when fully deployed, to increase network capacity to handle the increase in data that will be transmitted by the more than 34 billion connected devices on the planet by 2020. And 24 billion of those will be IoT devices.
In Serbia — BELGRADE – Chinese smartphone maker Xiaomi has purchased 1,500 patents from Microsoft, as part of an effort by Chinese companies to acquire intellectual property rights in preparation for expansion into overseas markets. In exchange Microsoft-owned software will be bundled on Xiaomi phones. Ningling Wang, a partner in Shanghai with the law firm Finnegan, Henderson, Farabow, Garrett & Dunner, said the Xiaomi Microsoft deal may indicate that Xiaomi intends to sell phones to American consumers.
Networks Asia — If you think of LinkedIn as a social network or an online recruitment service, then you may well be scratching your head about why Microsoft would spend more on it than it has on any other acquisition. But consider that Microsoft has a graph that covers how you’re connected to people by email, documents, messages, meetings and address books, while LinkedIn has a graph that covers jobs, skills, colleagues, and professional connections.
BD Live — SINGAPORE — Software maker Microsoft is selling about 1,500 of its patents to Chinese device maker Xiaomi, a rare departure for the US company and part of what the two companies say is the start of a long-term partnership. The deal, announced on Wednesday, also includes a patent cross-licensing arrangement and a commitment by Xiaomi to install copies of Microsoft software, including Office and Skype, on its phones and tablets.
IT Wire — Demand and growth in the Australian data centre (DC) services market is being driven by big data, IoT, analytics, mobile data, storage, computing power, infrastructure and more. Increasing use of Big Data, IoT applications and analytics software, coupled with growing global mobile data traffic which is expected to increase at 53% CAGR from 2015 to 2020, is seeing enterprises’ demand additional bandwidth, data storage and computing power, as well as infrastructure and services for secure storage and monitoring of data.
Times of India — BENGALURU/MUMBAI: As the Seattle-based e-commerce juggernaut Amazon closes in on the pole position of the Indian e-commerce market, its founder & CEO Jeff Bezos has announced that his company will pump in an additional $3 billion investment into India, taking its total capital commitment here to $5 billion.
Bloomberg — Samsung Electronics Co. will acquire Joyent Inc. to expand in cloud computing as the world’s largest smartphone maker looks beyond hardware for revenue growth. The deal will help Samsung build its cloud infrastructure, the Galaxy maker said in a statement without disclosing a purchase price. The acquisition gives the Suwon, South Korea-based company its own platform to support mobile, internet of things and cloud services.
Nation Multimedia — The recent establishment of Chinese tech giant Huawei’s Regional Headquarters (RHQ) in Bangkok is another signal that Thailand could become a truly digital hub for Southeast Asia. Huawei’s first technology and innovation centre in Southeast Asia, the RHQ, includes a training centre and state-of-the-art customer experience centre, occupying over 4,000 square metres in central Bangkok.
Asia Times — Jeff Bezos, the chief executive of Amazon.com, announced on Tuesday, that his company will boost its investment in India by an additional $3 billion, on top of the $2 billion investment announced in 2014, for a total of $5 billion. Bezos made the announcement before India’s Prime Minister Narendra Modi at the CEO Roundtable of the U.S.-India Business Council’s (USIBC) 41st Annual Leadership Summit in Washington, D.C.
Datacenter Knowledge — (Bloomberg) — Alibaba Group Holding said that revenue growth will accelerate this fiscal year as China’s largest e-commerce company provided its first financial forecast since going public in 2014. The company predicts sales will rise at least 48 percent in the year ending March 2017 as it pushes into new markets and businesses beyond e-commerce.
Enterprise Innovation — Seven in every 10 (70%) Asia-Pacific businesses that currently use the cloud are internationalized, compared to only one in five (22%) of non-cloud users, a joint study by Netsuite and Frost & Sullivan shows. Further, 71% of cloud users have entered new geographic markets in the past five years, compared to only 31% of non-cloud users.
Times of India — TOKYO: SoftBank Group said on Friday it was selling a further $1.1 billion of its shares inAlibaba Group Holding, bringing the total it has sold in the Chinese e-commerce company to $10 billion. Separately, SoftBank agreed to sell most of its remaining stake in mobile gaming company Gungho Online Entertainment back to the company for 73 billion yen ($685.38 million), Gungho said.
WSJ — Peggy Johnson, executive vice president of business development at Microsoft Corp., has been one of the biggest change agents at the Redmond, Wash.-based tech titan since Chief Executive Satya Nadella brought her on board in 2014. Wall Street Journal Deputy Editor in Chief Rebecca Blumenstein spoke with her about the company’s push for partnerships and its plans for Asia. Edited excerpts follow.
Deal Street Asia — Thailand’s integrated e-logistic developer NETBAY is hoping to raise 160 million baht ($4.5 million) from its initial public offering (IPO), after it fixed the issue price at 4 baht each. The company had submitted the first filing to offer 40 million shares, representing 20 per cent of total capital, in the IPO last month. NETBAY’s price per earning is 11.76 times, giving a discount of 37.41 per cent, Netbay CEO Pichit Viwatrujira-pong said.
Tech in Asia — Foxconn responded to questions by Tech in Asia and issued a statement. In part, it states: “We are aware of media reports about automation operations at our facilities in China, including Kunshan, and can confirm that Foxconn has been investing in the automation of many of the manufacturing tasks associated with our operations throughout our facilities in China for many years.”
Times of India — BENGALURU: Amazon has invested an additional Rs 1,350 crore (about $200 million) in its India unit this year, stepping on the pedal as it seeks to accelerate the momentum gained in the past 18 months. The latest investment in Amazon Seller Services, disclosed in regulatory filings on May 31, takes the total capital infused into the main India unit since early 2015 to Rs 8,618 crore.