SCMP — FedEx, the world’s biggest express delivery company with more than 600 planes, is not too hot on the idea of drone delivery even though some Chinese companies including SF Express and Taobao are toying with the idea.
Enterprise Innovation — The New Zealand’s government’s international business development agency, New Zealand Trade and Enterprise (NZTE), recently signed an agreement with the Alibaba Group to strengthen trade between China and New Zealand. New Zealand Prime Minister John Key, and Alibaba Group’s Founder and Executive Chairman Jack Ma witnessed the signing ceremony held recently in China at an event hosted by the China Entrepreneur Club.
Telecom Asia — Telstra has added two cloud-based online video platforms to its global media portfolio — the Video Monetization Solution (VMS) and Online Video Solution (OVS) — designed to help professional and digital media organizations more effectively stream, deliver and distribute online video content.
Enterprise Innovation — The retail sector experienced almost three times as many attacks as those in the financial sector, new research published in the NTT 2016 Global Threat Intelligence Report reveals. The finance sector topped of the list of cyberattacks on organizations in the 2015 report. This year, cyberattacks on financial industry dropped significantly to fourteenth position.
Times of India — NEW DELHI: Leading ecommerce companies may not be able to comply immediately with the recent stipulation to cap any vendor on their platforms at 25% of total sales. They will only be able to do so after the current financial year ends, said people aware of the matter.
Enterprise Innovation — Digital marketing agencies in the Asia-Pacific are among the most progressive in the world, according to a new study commissioned by Kentico Software and conducted by research agency Millward Brown. The “The Digital Agencies 2016 Report” was created from the results of some 300 interviews with senior managers and directors of digital agencies that were based in the Asia-Pacific region, the UK, Europe and North America.
JD Worldwide, the cross-border online shopping platform of JD.com, reached a strategic cooperation agreement with Japanese daily commodity and cosmetics group Kao. Kao’s official flagship store owned by JD Worldwide will be formally launched in early May 2016 and all the products will be directly supplied by Kao Group. Full financial terms of the deal were not released.
in Asia — India’s IT honchos made their billions from the IT services and outsourcing boom of the nineties and naughties. Now they’re investing in the new generation of entrepreneurs. The latest is a new fund for early stage startups called Ideaspring.
Digi Times — Sony is the largest CMOS image sensor vendor worldwide and its products mainly go to the consumer sector. Weakening demand for smartphone has impacted the business’s recent performances, but Sony has been strengthening its car-use image sensor technology after acquiring Toshiba’s image sensor plants in Oita, Japan.
China Tech News — Asos, a leading fashion e-commerce operator in Great Britain, announced plans to end its China business after less than three years of operating in the country. To reduce regional operating costs, the group will shut its businesses in China. Asos’ Chinese website Asos.cn will be closed and its Chinese distribution center and office in Shanghai will also stop operations.
China Tech News — Alibaba Group announced that they will invest USD1 billion to subscribe a controlling stake in Lazada, including about USD500 million to subscribe new shares and the remaining to purchase from certain shareholders. Michael Evans, president of Alibaba Group, said that the investment in Lazada will allow Alibaba to enter an e-commerce platform with a large and growing consumer group outside China.
Tech in Asia — Remember the day Indonesia’s capital was practically held hostage by out-of-control taxi drivers? A violent street protest on March 22 in Jakarta was the climax of a series of demonstrations staged by Indonesia’s taxi industry in an attempt to get apps like Uber and Grab banned.
Enterprise Innovation — The value of global Fintech investments in 2015 grew by 75% to US$22.3 billion according to Accenture (see Figure 1). Asia-Pacific and Europe led the surge although concerns may be brewing that the Fintech industry may have reached a new level of maturity as some regions appear to be experiencing a cooling-off period, and even the demise of iconic players like Powa, and a shift towards larger deal sizes.
Tech in Asia — As Ashuvinder Ahuja says, epiphanies happen at very strange times. He got his in the middle of scorching Delhi heat, and it involved watching his wife wait for a school bus. “I was working from home, and I could see my wife waiting outside,” the George Mason alum told Tech in Asia. He has previously worked for user engagement company WebEngage and data protection software company Druva.
Myanmar Times — The Central Bank announced yesterday that it had issued rules on mobile financial services at the end of last month to build an enabling regulatory framework for efficient and secure mobile financial services in Myanmar. For some, the country seems primed for these services. Few of its 51.4 million population have bank accounts, and distrust of the financial sector remains high.
Singapore’s StarHub has introduced the ability for its customers to use Apple Pay for secure mobile payments. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the device. Each transaction is authorised with a one-time unique dynamic security code.
Digi Tiems — The global semiconductor materials market decreased 1.5% in 2015 compared to 2014 while worldwide semiconductor revenues decreased 0.2%, according to SEMI. The impact of exchange rate changes, coupled with lower overall semiconductor unit growth, contributed to the year-over-year revenue decline.
Tech in Asia —- Alibaba’s UCWeb, maker of UC Browser, today announced US$20 million in resources to be shared with independent and startup game developers in India. Called the 9Apps In Dev program, it will provide up to US$500,000 to a game developer. UCWeb expects to support 100 Indian gaming startups within two years.
Tech in Asia — China’s live streamers, it seems, have been getting a little bit too bawdy. On Thursday, China’s state-run television network CCTV announced that all of the major streaming platforms – Douyu, Panda.tv, Huya, YY, Zhanqi TV, etc. – are under investigation by China’s Ministry of Culture. These platforms stand accused of hosting content that was too vulgar/sexual, too violent, and even content that incites users to commit crimes.
Digi Times — The worldwide smartphone shipments totaled 292 million units in the first quarter of 2016, down 18.6% from the previous quarter and 1.3% from a year earlier, according to TrendForce. The decrease was mainly attributed to saturating market conditions with leading brands such as Samsung and Apple no longer enjoying the same growth momentum as before, and overall shipments depended on contributions from China-based brands and rising demand in India and other emerging markets, said the market research firm.
SCMP — Alibaba Cloud, China’s largest computing services provider, is looking to accelerate its expansion in China and Southeast Asia on the back of newly formed alliances with global consulting firm Accenture and software giant SAP China. “Accenture is a well-respected consulting firm in the industry, especially for computing enterprises,” said Ethan Yu, vice president of Alibaba Cloud told reporters.
Telecom Asia — Telecom Asia — Financial inclusion in Bangladesh just took a stride closer to reality with the launch of a new international remittance receiving service via a partnership between MasterCard, Western Union, bKash and BRAC Bank. The new service enables bKash’s registered customers to use their mobile phones to receive remittances from abroad directly into their bKash accounts.
All Coins News — Applications have opened for Asia-Pacific’s third annual FinTech Innovation Lab, Accenture’s 12-week program that helps early- and growth-stage financial technology companies accelerate product and business development by gaining exposure to top financial institution executives.
Times of India — BHUBANESWAR: After Mumbai Central, RailTel, the telecom arm of the Indian Railways today launched high-speed public free WiFi service at Bhubaneswar railway station in partnership with Google. Railway Minister Suresh Prabhu accompanied by Minister of State for Railways Manoj Sinha, launched the WiFi service which will benefit 1.4 lakh visitors at Bhubaneswar station daily.
Digi Times — MediaTek is expected to see record shipments of 4G phone chips in the second quarter of 2016 with revenues rising 15-20% on quarter, according to industry sources. MediaTek’s shipments of 4G phone chips are expected to rise 20-30% sequentially in the second quarter, buoyed by replenishment demand prior to China’s May 1 holiday, as well as customers’ roll-outs of new models, said the sources.
eMarketer — Data documenting Facebook ad performance in Asia-Pacific sheds light into the key markets helping drive the company’s fortunes in the region. According to research from advertising automation firm Nanigans, India and the countries of Southeast Asia delivered some of the strongest results.
Asia One — Banks in Singapore are increasingly being targeted by cybercriminals, experts said, given the growing sophistication of the dark web that has developed into a bustling marketplace for malware, complete with money-back guarantees. While other financial centres – and certainly non-financial corporations – are also at risk, Singapore stands out as a significant number of banking customers read Chinese.
Finextra — Applications open today for Asia-Pacific’s third annual FinTech Innovation Lab, Accenture’s (NYSE:ACN) 12-week program that helps early- and growth-stage financial technology (fintech) companies accelerate product and business development by gaining exposure to top financial institution executives.
Bloomberg — Tata Consultancy Services Ltd.., Asia’s largest software services exporter, reported profit for the fourth quarter that beat analyst estimates as it won new contracts from banks and healthcare providers. Net income rose to 63.4 billion rupees ($952 million) in the three months ended March, the Mumbai-based company said Monday.
ZDNet — The incidence of ATM, credit, debit card and net banking-related fraud has gone up by more than 35 percent between 2012-13 and 2015-16 in India, according to country’s federal bank Reserve Bank of India (RBI). According to RBI data, 8,765 cases were reported by banks in 2012-13 and the corresponding figures for subsequent three years were 9,500 (2013-14), 13,083 (2014-15) and 11,997 (in the first nine months of 2015-16) respectively. India ranked third after Japan and the US as countries most affected by online banking malware in 2014.