Enterprise Innovation — The Q1 2016 “Pulse of Fintech” report published jointly by KPMG and CB Insights revealed that capital flowing into venture capital (VC)-backed Fintech companies has driven Fintech investments in Asia to a new high in the first quarter of 2016. In particular China picked up US$2.4 billion in investments during the quarter from nine deals, an 8-fold increase from the previous quarter.
Vietnam Net — There were also 222,660 Vietnamese domain names created in the first quarter of this year, bringing the total number of Vietnamese domain names to 971,679. Regarding the management of the Vietnamese domain names, the Viet Nam Internet Network Information Centre (VNNIC) in mid-April said the centre had implemented a purification programme that freed inactive Vietnamese domain names from the beginning of March.
Straits Times — Singapore has fallen from 5th to 7th in the latest worldwide ranking of “cloud readiness” – a measure of a country’s support for the growing trend of cloud computing. Even though the Republic had a higher raw score of 79.5, one point up from the previous report released in 2013, its improvement was outpaced by that of others.
“As its technologies and processes mature, the cloud is being increasingly relied on as a vehicle for agile, scalable and elastic solutions. To build competitive advantage and cut costs, CIOs and other IT leaders need to constantly adapt their strategies to leverage cloud capabilities.” So says Gartner in its Predicts 2016: Cloud Computing to Drive Digital Business report.
Digi Tiems — There were 1.280 billion subscribers of mobile communication services in China as of the end of January 2016, declining 1.97% on month and 0.81% on year, according to China’s Ministry of Industry and Information Technology (MIIT). Of the subscribers, 290.98 million (22.73%) and 468.30 million (36.59%) were 3G abd 4G users respectively. The number of subscribers accounted for 95.4% of the country’s population.
Total unit shipments of semiconductors which include ICs and opto-sensor-discrete (O-S-D) devices are forecast to continue their upward march and top one trillion units for the first time in 2018, according to IC Insights. Semiconductor shipments in excess of one trillion units are forecast to be the new normal beginning in 2018.
Tech in Asia — The Union Budget of India, which is the country’s annual financial statement, will be presented in parliament on Monday. As a precursor to that, the Indian finance minister, Arun Jaitley, today released the annual economic survey. The good news is that the country’s GDP is on track to grow by 7.6 percent in the financial year 2015-16, which makes it the fastest growing economy in the world. Earlier, the World Bank had projected a growth rate of 7.3 percent.
Myanmar Times — The report, “Mobile phones, internet and gender in Myanmar”, says that although traditional gender roles are evolving, women – the greater half of the population – are in the minority when it comes to SIM card ownership, with men often tasked with carrying a household’s only handset. The report is based on surveys and interviews of more than 12,000 people, completed across Myanmar last year.
Times of India — Multinational computer technology company Dell on Saturday warned that cybercrime increased significantly around the world in 2015 despite organisations deploying end-to-end security solutions perfectly. Cybercriminals employed a number of new tactics to better conceal exploit kits from security systems including the use of anti-forensic mechanisms and URL pattern changes, the company said in its “Security Annual Threat Report”.
IT News — ANZ Bank was the last of the big four banks to market with a mobile wallet, but argues its slow and steady approach has resulted in a more secure and stable platform. The bank first started working on mobile wallet technology in 2011. It teamed up with Visa to trial a DeviceFidelity case for iPhones that incorporated a microSD card which hosted Visa’s payWave contactless payment application connected to a prepaid ANZ account.
Times of India — BEIJING: About 620 million, nearly half of China, used mobile phones to access the web as of the end of 2015, making them a major driver of growth in the country’s internet user population, a new official report has showed. According to the report released by China Internet Network Information Center (CNNIC) on Friday, the number of Chinese surfing the web via phone increased by 63.03 million in 2015, accounting for 90.1% of the total 688 million internet users in the country.
Digi Times —The number of Internet users in China increased to an estimated 688.26 million at the end of 2015, according to the latest semiannual survey conducted by the China Internet Network Information Center (CNNIC). The number of users rose 6.09% from a year ago and was equivalent to a user density or penetration rate (divided by population) of 50.3%, CNNIC indicated.
Times of India — NEW DELHI: There seems to be a significant skill gap in the country as 80% of the engineering graduates are “unemployable,” says a report, highlighting the need for an upgraded education and training system. Educational institutions train millions of youngsters but corporates often complain that they do not get the necessary skill and talent required for a job.
Market Wired — SINGAPORE: According to the latest annual Global Salary Survey from specialist professional recruitment firm Robert Walters, the competition for Singaporean talent is set to further intensify in 2016. This will drive more demand for attracting returning overseas Singaporeans. In the interest of developing a home-grown workforce and the Fair Consideration Framework, hiring managers have recognised the viability of overseas local talent to ease the talent crunch.
ZDNet — The Ministry of Science, ICT and Future Planning has announced that South Korea’s IoT market was worth 4.8125 trillion won ($3.97 billion) in 2015, a 28 percent jump from 2014’s 3.7597 trillion won ($3.1 billion). Revenue from related devices was 2.2058 trillion won, accounting for 45.8 percent. Network was the runner-up with 1.4848 trillion won, at 30.9 percent.
Enterprise Innovation — Singapore is leading in global online buying, according to PayPal’s latest cross border trade insights report, which noted that two-thirds of online shoppers in Singapore are filling their virtual carts from online retailers in other countries. Created to study the cross-border shopping habits of online consumers, the second annual report saw a total of 23,354 adults surveyed across 29 countries, including Singapore, China, South Korea, Australia, India and Japan.
Telecom Asia — Mobile ransomware was the most popular form of mobile malware in 2015 as the mobile threat landscape became more active, according to a study fromBlue Coat Systems. During the year the world of mobile ransomware grew dramatically, with advanced cryptographic malware such as SimpleLocker being adapted for mobile devices.
Enterprise Innovation — Operator and vendor revenues for the 12 months ending September 2015 reached $110 billion across six key cloud services and infrastructure market segments, having grown by 28%, new data from Synergy Research Group show. Public IaaS/PaaS services had the highest growth rate at 51%, followed by private and hybrid cloud infrastructure services at 45%, but all of the segments grew by at least 16%.
Times of India — MUMBAI: In the highly under penetrated hotel segment in India, only 25% of the bookings are done online while over 59% are still done through offline channels, says a report on Indian hotel bookings by global research agency Millward Brown.
Times of India — Nine of 10 people suffer from “phantom vibration syndrome” — where they mistakenly think their mobile phone is vibrating in their pocket — it has been claimed. Dr Robert Rosenberger, philosopher and assistant professor at Georgia Institute of Technology, said the phenomenon was caused by “learned bodily habits.”
Digi Times — According to EnergyTrend, prices of photovoltaic (PV) systems are in a steady decline. In the US, for example, the average installed cost of utility-scale PV systems was at US$1.38/W in the third quarter of 2015 compared with US$1.66/W in the same quarter of 2014, representing a 17% on-year drop.
IT News — Three years after reforming consumer protections for telco customers in Australia, the Australian Communications and Media Authority wants to find out what – if any – difference the reforms have made. Back in 2012 the ACMA changed the telecommunications consumer protection (TCP) code of conduct to make pricing, extra charges and the nature of services included in a telephony product more transparent and comparable between providers.
Digi Times — Shipments of smartphones in the China market grew 11.2% sequentially to 101.2 million units in the third quarter of 2015, buoyed by an increase of 59.8 million new subscribers for 3G/4G services in the quarter, according to Digitimes Research. Apple ranked as the largest smartphone vendor in China in the third quarter, followed by Huawei, Xiaomi Technology, Vivo and Samsung Electronics.
Tech in Asia — China’s ecommerce industry has spent the past decade growing at breakneck speed, and there’s really no end in sight. Chinese ecommerce spending is expected to break US$1 trillion for the first time in 2017. But it isn’t all rosy, according to a new report released by the law enforcement and inspection team of the National People’s Congress Standing Committee. Fake products are still a serious problem.
Digi Times — Global smartphone shipments grew 15% on year to reach 339.5 million units in the second quarter of 2015, which was the industry’s slowest growth for six years, according to Strategy Analytics. Samsung Electronics shipped 71.9 million smartphones worldwide for a 21% share in the second quarter of 2015, down from 25% of a year earlier. Apple shipped 47.5 million units in the quarter for a 14% share, compared to 12% a year ago.
Digi Times — Global tablet shipments declined 10% sequentially and over 15% on year to reach only 45.76 million units in the second quarter, according to Digitimes Research’s latest report on the global tablet market. Major markets felt the impacts of weak currencies; mid-range to entry-level large-size smartphones continued to cannibalize tablets; and vendors saw high inventory.
Digi Times — China-based makers produced 761.788 million handsets in total during the first half of 2015, decreasing 4.5% on year, according to the Ministry of Industry and Information Technology (MIIT). China-based makers produced 70.582 million color TVs in the period, increasing 2.7% on year, and 66.141 million units of the output were LCD models, growing 2.1%.
Digi Times — The global smartphone applications processor (AP) market registered a solid 20% year-over-year growth to reach US$5.3 billion in the first quarter of 2015, according to Strategy Analytics. Qualcomm, Apple, MediaTek, Samsung LSI and Spreadtrum grabbed the top-five revenue spots in the global smartphone AP market in the first quarter of 2015, said Strategy Analytics.
Digi Times — Taiwan’s direct Internet connection with 15 countries (including Hong Kong and Macao) reached total bandwidth of 1.561Tbps as of the end of the second quarter of 2015, increasing 5.55% on quarter and 10.43% on year, according to the latest quarterly survey conducted by the government-sponsored Taiwan Network Information Center (TWNIC).
Digi Times — Market revenues associated with network communications, sensing, and control functions in subsystems and objects attached to the Internet of Things (IoT) are forecast to grow 29% in 2015 to US$62.4 billion after increasing 21% in 2014 to about US$48.4 billion, according to IC Insights.