Enterprise Innovation — Indian eCommerce marketplace, Flipkart, will collaborate with MapUnity, a Social Technology Lab, known for developing a variety of platforms for urban management, safety and transport. The collaboration may see Flipkart’s Mapping business – Flipkart Maps – taking a more central role in the company’s business schemes.
Digi Times — The production value of Taiwan’s IC design industry is expected to increase 6.7% sequentially in the second quarter of 2016, thanks to a pick-up in handset demand, according to Digitimes Research. Demand in China’s smartphone market is picking up, and device vendors have started to replenish inventory since March, Digitimes Research indicated.
Telecom Asia — Hitachi has formed the Hitachi Insight Group to address the Internet of Things and announced the leadership team for the new company. Hitachi Insight Group will address four key market segments: smart city, smart energy, smart healthcare and smart industry. With the initiative Hitachi aims to capture market share in what IDC predicts will be a $1.46 trillion market opportunity by 2020.
Marketwired — SANTA CLARA: Violin Memory®, Inc., (NYSE: VMEM) a global pioneer of award-winning all-flash storage platform solutions for primary storage and active workloads, announced that its All Flash Arrays (AFAs) have gained widespread adoption in the Asia-Pacific region from February 2015 through April 2016.
Networks Asia — As the IT market evolves from traditional on-premises IT to a hybrid strategy driven by the cloud, many businesses, both locally and globally, are making tremendous changes to their technology infrastructure. With cloud computing becoming the infrastructure upon which Singapore builds its Smart Nation, it is simply a matter of “when” local organizations will move to the cloud.
News Straits Times — KUALA LUMPUR: A unit of German multinational software corporation SAP SE, Concur Technologies Inc (Concur), has collaborated with AirAsia to implement an integrated travel and expense solution for the local carrier’s subsidiary, AirAsia Global Shared Services. In a statement today, SAP said the solution provides business process outsourcing services to AirAsia Group’s 17,000 employees and is expected to be completed by early July this year.
Channel News Asia — HONG KONG: Hong Kong’s securities regulator said that Chinese e-commerce giant Alibaba Group Holding Ltd breached takeover rules in the purchase of a healthcare firm in 2014 because it also bought a company owned by the brother of the healthcare firm’s vice chairman on “favourable terms.” Alibaba agreed to buy a stake in CITIC 21CN, now known as Alibaba Health Information Technology Ltd, for US$170 million two years ago.
ATimes — Fitbit Blaze will have features such as PurePulse continuous, wrist-based heart rate trackin, SmartTrack automatic exercise recognition and automatic sleep tracking. As part of ‘China is Getting Fit’ campaign, Fitbit and Alibaba joined hands to organize a major health and fitness event, educating consumers about how technology can help them stay healthy.
MIS Asia — IBM and Deloitte Financial Crime Strategy and Response Network have teamed on mitigating financial crime in Asia. Deloitte will use the IBM Counter Fraud Management (CFM) platform to deliver advanced financial crime data analytics services across the region. IBM CFM is an integrated set of solutions that are designed to address all phases of enterprise financial crime measures.
Nikkei — HONG KONG — Tencent Holdings reported strong first-quarter earnings that beat analyst forecasts as the Chinese tech giant drew in more users and advertisers to its gaming and social media platforms. However, some advertisers are growing cautious in their spending amid the country’s economic slowdown.
Telecom Asia — Singapore’s MyRepublic has been found to provide the fastest average streaming speeds among ISPs in 12 APAC countries in Netflix’s first ISP speed index for the region. MyRepublic provided average streaming speeds of 3.78Mbps under Netflix’s calculations, narrowly beating out StarHub Fiber at 3.71Mbps.
Enterprise Innovation — Singapore jumped five places in the 2016 A.T. Kearney Foreign Direct Investment (FDI) Confidence Index to make it to the 10th spot in the list. The Index is an analysis of how political, economic, and regulatory changes will likely affect FDI inflows into countries in the coming years.
Enterprise Innovation — A Forrester study commissioned by Microsoft revealed vastly different levels of maturity in cloud understanding and adoption among financial services institutions (FSIs) in Hong Kong and across Asia Pacific. The report titled ‘Cloud is Critical to Digital Transformation in the Asia Pacific Financial Sector’ analyzed the impact of regulatory compliance, security and privacy, and reliability concerns on current and future cloud initiatives.
Gulf News — Hanoi: A foiled hacking attack on a small Vietnamese bank may have been a practice run for an $81 million cyber assault on Bangladesh’s account at the Federal Reserve Bank of New York, and points to vulnerabilities in how banks connect to the Swift interbank messaging system.
Tech in Asia — Singaporean telco Singtel announced today the overhaul of its Dash mobile payments app to enable cashless payments everywhere from retail outlets to the MRT subway system using just your smartphone – even if you’re not a Singtel mobile subscriber.
Enterprise Innovation — XL Axiata has selected the Amdocs Mobile Financial Services (MFS) solution to enhance its existing XL Tunai mobile financial services platform and introduce new services under a seven-year managed services revenue-sharing contract. Amdocs’ solution is expected to enable XL Tunai customers, both banked and unbanked customers across Indonesia, to use a single wallet for all financial services including airtime top-up, money transfer, credit purchase, as well as online and retail payments.
Tech in Asia — On-demand logistics startup GogoVan raised a series C funding round, it announced today. The funding amount is undisclosed, but is described as “a decent amount for future business expansion.” The round was led by private equity firm New Horizon Capital and was joined by Singapore Press Holdings, Hotung Investment Holdings, and existing investors. Alibaba’s new US$130 million Hong Kong Entrepreneurs Fund also participated.
Enterprise Innovation — Singtel has enhanced its mobile wallet app, Singtel Dash, with new features in its bid to claim a larger slice of the mobile payments pie. Singtel Dash was first launched in 2014 as a collaboration between Singtel and Standard Chartered Bank in Singapore. The carrier-agnostic service is open to all users in Singapore with an iOS or Android mobile device.
Tech in Asia — SingPost, Singapore’s national mail carrier which is rapidly diversifying its business, has posted record highs in annual revenue and net profit, driven by its ecommerce and logistics activities. Its 2015 revenue hit US$840 million, up 25 percent year-on-year. Net profit jumped 58 percent to US$181 million. Growth in its ecommerce and logistics revenue outpaced overall growth, soaring 60 percent and 35 percent to US$300 million and US$457 million, respectively.
Tech in Asia — PayPal is getting in the startup incubation game in Singapore, rather unsurprisingly in the fintech space. The nine-month-long incubation program is called Start Tank and will be housed in PayPal’s Technology Center at Singapore’s Suntec City office tower complex. The company today put out a call for interested startups to apply.
Digi Times — The board of Taiwan Semiconductor Manufacturing Company (TSMC) has approved capital appropriations of approximately US$4.101 billion to expand capacity for advanced-node manufacturing, as well as converting certain logic capacity to specialty technologies, and R&D capital investments and sustaining capital expenditure.
Enterprise Innovation — Fujitsu has built a maritime big data platform for Nippon Kaiji Kyokai, an international ship classification society also known as ClassNK. The platform collects and accumulates machinery operational data from moving vessels, such as engine data, as well as marine weather information, as big data.
Times of India — NEW DELHI: Samsung today launched its EVO Plus 256GB microSD card for $249.99, which roughly translates to around Rs 16,730. Samsung claims that the new memory card can offer up to 12 hours of 4K UHD or 33 hours of Full HD video recording on smartphones.
Forbes — In the 12 hours since Apple’s announced investment in Uber’s main Chinese rival, commentators have struggled to figure out why. Could $1 billion for Didi Chuxing show that Apple’s car-building efforts are further along than expected? Unlikely. Could the large investment be to integrate the computer maker’s new services, like Apple Music, Apple Maps, and Apple Pay into China?
Channel News Asia — FRANKFURT: The European Central Bank will set up a database to register incidents of cyber crime at commercial banks, aiming to create an early warning and analysis system for big lenders, it told a German newspaper on Thursday. Attackers earlier this year stole US$81 million from a Bangladesh central bank account at the New York Fed in one of the biggest-ever cyber heists, heightening global concerns over cyber security.
Digi Times — Orders placed by China-based Oppo, Gionee and Vivo are set to boost revenues at smartphone-chip provider MediaTek in the second quarter of 2016, according to industry sources. Oppo, Gionee and Vivo are all expected to enjoy as much as 30% shipment growth in 2016, which will buoy related chip and component suppliers’ sales performance, said the sources.
ZDNet — Chinese ecommerce giant Alibaba and Japanese telecommunications provider SoftBank have formed a joint-venture cloud services company called SB Cloud to bring Alibaba Cloud’s technology and solutions to Japanese businesses. SB Cloud will be headquartered in Minato-ku, Tokyo, and will open a datacentre to offer Alibaba’s cloud security services, data storage, processing solutions, and middleware offerings.
Business Wire — BEIJING: Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, today announced an important breakthrough partnership with Sugon, China’s leading information system integrated service provider, whereby the computer maker will incorporate Seagate’s latest 4TB Enterprise Performance 3.5 HDD into its new TC4600T line of server products.
ZDNet — The acquisition of SanDisk by Western Digital closed on Thursday, US time, with the combined company set to have around 74,000 employees, and the “integration process” to begin immediately and happen in phases over the next two years.