New tech ‘need not spell end of traditional banking’

APACNew technologies and solutions need not spell the end of traditional financial institutions, which are still in a strong position to lead a rapidly transforming marketplace, top banking figures said yesterday. They were speaking at the opening of major industry event Sibos 2015 held at Marina Bay Sands. DBS Group Holdings chief executive officer Piyush Gupta urged his peers to embrace the “new world order of technology”.

Baidu May Create Online Sports JV With British Firm

ChinaChinese search engine company Baidu is rumored to be talking with U.K. digital sports media group Perform Group to establish a joint venture in China. Perform’s core business is purchasing digital copyrights of various high-level sports events, displaying those events on online with its powerful digital editing capacity, and attracting money with its traffic. In addition, Perform specializes in sports data consulting analysis and advertising sponsorship marketing.

Xiaomi’s Mi fitness band teams up with Li Ning to make smart running shoes

China.gifFitness geeks, get ready to introduce a little extra tech into your lives. Chinese fitness apparel giant Li Ning has just announced that it has partnered with Huami, the company behind Xiaomi’s Mi fitness band, to work on smart running shoes. The partnership marks Li Ning’s first foray into the world of wearable smart clothing. Apparently, the two companies have apparently already begun working on their joint project, with Li Ning collecting data on runners from its laboratory and Huami focused on creating the smart chip that will be inserted into the heels of the smart shoes.