Bloomberg — Tencent Holdings Ltd.’s shopping spree on premium content from Game of Thrones to NBA broadcasts has again helped defy investors’ expectations and a slowing Chinese economy. Second-quarter sales and profit beat analysts’ estimates as the operator of the WeChat and QQ social network services splashed out on mobile games and content — including anything from anime and comics to novels.
Variety — China’s media regulator Monday called for the country to accelerate the growth of competitive media conglomerates. The State Administration of Press Publication, Radio, Film and Television said that the integration of different media “falls short of central authorities’ requirement and public expectation,” and set a target of 2020 for improvement, reported state news agency Xinhua.
Nikkei — TOKYO — An experiment to create a low-cost and highly reliable blockchain infrastructure to record financial transactions is gathering steam in Myanmar. Blockchain is a distributed database that maintains a continuously-growing list of data records that are difficult to tamper or revise. The technology serves as the public ledger of transactions using the virtual currency bitcoin.
Enterprise Innovation — Credit Suisse has released an enhanced private banking app available to customers with accounts in Hong Kong. The bank’s initial digital private banking platform was first rolled out in Singapore in March 2015. More than 12 months of client usage analysis and usability testing led to the launch of an enhanced version of the app launched in Hong Kong, with a brand new design and client user interface as well as additional language capabilities.
FT — Banks in Singapore are collaborating on a new service that would allow customers to make payments using Facebook IDs or Twitter username. The system will allow electronic transfers between account holders who have registered their social media identities with their banks, allowing users to make payments by selecting the payee’s Facebook ID instead of typing in an account number and sort code.
Tech in Asia — Tencent has done it again. The Chinese social and gaming giant has for years now been one of China’s biggest overseas investors, but its most recent purchase may take the cake: the company has splashed US$8.9 billion to acquire Supercell. Supercell, the Finnish mobile game developer behind the global hit Clash of Clans, is the second-biggest mobile game company on earth according to Pocket Gamer, and it did a whopping US$2.3 billion in saleslast year.
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.
9TO5 Google — Android Pay has been very slowly making its way around the world and today the service has finally arrived in Asia — or at least for those in Singapore. Users in Singapore are able to download and activate Android Pay on their devices right now as long as their bank is compatible with the service.
Digi Times — MediaTek has announced its participation in China Mobile’s 5G Joint Innovation Center project. MediaTek is also collaborating with Japan’s NTT DoCoMo on future 5G deployment. Earlier in 2016, the pair announced their partnership for 5G technology development and trials.
Forbes — After launching in both the United States and the United Kingdom, Android Pay, Google’s contactless smartphone payment solution is finally making landfall in Asia. Singapore will be the first Asian market to gain access to Android Pay with Singaporeans able to load and MasterCard credit and debit cards from six banks including DBS and Standard Chartered onto their Android smartphones.
Barrons — Amazon.com has said it plans to expand its e-commerce empire to Indonesia, with a $600 million investment for the first year. It makes perfect business sense. E-commerce sales in Indonesia are only about $3.2 billion, a tiny fraction of the $150 billion retail market. Indonesia is also the world’s 4th most populous country with a population of 250 million.
Insurance Journal — Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford & Co., DigitalResolve helps organizations coordinate and manage resources so they can recover from damaging cyber attacks with minimum disruption, Zurich said in a statement.
ZDNet — Samsung has begun mass production of solid-state drive (SSD) that weights only 1 gram but can pack up to 512GB memory for PCs, the company announced. The world’s largest memory chip maker launched the PM971-NVMe series, the first non-volatile memory express (NVMe) SSDs in a single ball grid array (BGA) package.
Enterprise Innovation — Qualcomm unveiled at COMPUTEX 2016, Taiwan’s annual ICT trade show, a new Snapdragon processor for the targeted-purpose wearables segments such as connected kid and elderly watches, fitness trackers, smart headsets, and wearable accessories. The Snapdragon Wear 1100 is designed for the next generation of targeted-purpose wearable segments. Qualcomm said it is smaller, has longer battery life, smarter sensing, and an always connected experience.
Mobile World Live — Online retail giant Amazon is partnering with India’s second largest operator Vodafone to sell handsets at the operator’s retail outlets in a move to boost its offline presence in the country. The two firms starting selling handsets available on Amazon at 40 Vodafone shops in Bengaluru, the Economic Times said. The idea is to attract buyers, who are reluctant to shop online, to brick-and-mortar stores.
ZDNet — Samsung will secure more market share than its rivals in the expanding Internet of Things (IoT) market by increasing its competence in semiconductors, a senior executive has said. The company will also add value by providing more complete solutions needed for the IoT, especially security and the cloud.
Reuters — The central banks of Indonesia and South Korea have been hit by cyber attacks on their public websites since activist hacking group Anonymous pledged last month to target banks across the world, senior officials in the two countries told Reuters. In response to the attempted hacks, Bank Indonesia (BI) has blocked 149 regions that don’t usually access its website, including several small African countries, Deputy Governor Ronald Waas said in an interview late on Monday.
MIS Asia — Fuel company SEAOIL Philippines has moved its Enterprise Resource Planning (ERP) system to the cloud to meet the changing needs of the market. For six years, the company ran their ERP system on hardware, which was failing to meet the business requirements for performance and availability during peak periods.
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.
Tech Crunch — While global stock markets reset and U.S. tech unicorns readjust to new expectations and valuations, India’s tech renaissance is just beginning to flourish. Infosys founder Nandan Nilekani calls it India’s “WhatsApp Moment,” echoing how a simple software solution from Silicon Valley turned the Asian telecommunications industry upside down, making obsolete decades of infrastructure, business models and loyal customer relationships with massive telecom operators.
Mobile World Live — Chinese internet giant Tencent is partnering with Japanese social data provider Hotto Link to roll out its WeChat Pay service to 10,000 stores in Japan by the end of the year. According to Nikkei Asia Review, only a few Japanese stores have adopted WeChat Pay, which is targeted at Chinese travellers who account for a quarter of all visitors to Japan and spend a lot more than other groups.
Times of India — Video streaming service YouTube has rolled out a new feature. Dubbed ‘Smart Offline,’ the feature lets users download videos at cheaper night time data rates offered by mobile operators in India. “Today, we are beginning to roll out a feature called Smart Offline on YouTube that lets you take advantage of the cheaper data rates as offered by your mobile operator, without requiring you to stay up late at night,” Google wrote on its India blog.
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.
Telecom Asia — Smartphone and tablet-based mobile point-of sale (POS) terminals will handle 40% of all retail transaction value by 2021, up from an expected 12% in 2016, a new study from Juniper Research showed. The research firm forecasts that the use of mPOS systems will account for more than 1 in 3 POS terminals by 2021, driven by larger retailers adopting mPOS as part of an array of point-of-sale options.
The Standard — Six banks will bring Apple Pay to Hong Kong this summer with their Visa, Master-Card and American Express credit cards, including the Hongkong and Shanghai Banking Corporation and Hang Seng Bank. Other banks taking part are Standard Chartered, BOC Hong Kong, The Bank of East Asia and DBS Hong Kong.
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 — More CIOs in China (40%) report directly to the CEO than any other country in the region, according to the 2016 Harvey Nash/KPMG CIO Survey. The role of the CIO has never been more relevant or influential, with 67% of China’s CIOs now sitting on a board or executive management team, 14 percentage points higher than the regional average.
Times of India — The CEO of SWIFT , the interbank messaging system embroiled in a global bank-hacking controversy, says to expect more information about breaches to emerge as fully armouring the network’s defenses is likely to take years. “We don’t think this is going to be solved overnight, so we’ll be looking for a number of quick wins to improve things in the near term,” Gottfried Leibbrandt, SWIFT’s CEO, said on Wednesday.
Enterprise Innovation — IBM and gategroup have completed a 28-month project for the launch of Catering Planner for Cathay Pacific and Dragonair. This program is a new, flexible, cloud-based infrastructure to automate and enhance the airlines’ in-flight catering operation efficiency. Cathay Pacific and Dragonair together serve more than 40 million in-flight meals annually.