The Stack — Speaking at this year’s inaugural Cloud Expo Asia in Hong Kong, Victor Lam, CIO of the region’s government, presented a keynote address in which he discussed the federal initiatives under way to boost cloud and data centre development – two markets he believes represent the ‘technology pillars’ in the digital economy.
Times of India — HONG KONG: Hong Kong’s central bank has a launched a new programme to strengthen lenders’ ability to protect their critical technology systems after recent attacks by unidentified groups on a global messaging system used by the financial community.
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.
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.
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.
Advanced Television — Netflix has released April data for its ISP Speed Index, a monthly update on which Internet Service Providers (ISPs) provide the best prime-time Netflix streaming experience. This month, Netflix included nine countries in Asia to the index as the company start adding countries where we launched service earlier this year.
Nikkei — HONG KONG — China’s e-commerce giant Alibaba Group Holding is set to provide venture capital for GoGoVan, an online logistics platform based in Hong Kong. Through its Hong Kong Entrepreneurs Fund, a not-for-profit initiative launched last year, Alibaba joins private equity firm New Horizon Capital, venture capitalist Hotung Investment Holdings, and media heavyweight Singapore Press Holdings, along with existing investors, in GoGoVan’s third injection of investment capital, also known as “Series C”, completed on Thursday.
Enterprise Innovation — During the 2016 budget speech, Financial Secretary John Tsang announced a HK$2 billion Innovation and Technology Venture Fund that will match investments made by private venture capital funds in local technology start-ups. Another HK$500 million has also been earmarked for an Innovation and Technology Fund for Better Living, which aims to encourage the city’s various industries to develop creative technology solutions.
Enterprise Innovation — As the government starts to take serious steps in developing Hong Kong into a smart city, leaders in both the government and private sector must change their mindset to enable the quick execution of various initiatives being laid out for the city’s smart city journey.
Cloud Computing News — Hong Kong is the most ‘cloud-ready’ Asia Pacific nation with an overall ranking higher than that of the US and UK, according to the latest analysis from the Asia Cloud Computing Association (ACCA). Japan, previously the leader, moved down four places to #5 in the chart with an overall score of 73.0 compared to Hong Kong’s 78.1, with the latter scoring top markets in broadband quality, privacy, and data centre risk.
My Broadband — Growing trade between Africa and Asia has prompted talk of a new mega subsea broadband cable along Africa’s eastern coastline, says Hong Kong ICT firm PCCW. Last week, PCCW said it along with Telkom, MTN , Saudi Telecom Company (STC) and Telecom Egypt (TE) signed a memorandum of understanding to build Africa-1.
PCCW Global has entered into a long-term collaboration with Keppel Data Centres Holding to co-develop and market an international carrier exchange in Hong Kong. The 1000 square meter facility will be fitted out to Tier III specifications with 2N power redundancy to ensure service availability of up to 99.982%.
Your Industry News — Keppel Telecommunications & Transportation Ltd (Keppel T&T) through Keppel Data Centres Holding Pte Ltd, has entered into a long-term collaboration agreement1 with PCCW Global, the international operating division of HKT, Hong Kong’s premier telecommunications service provider.
Tech on Asia — Bitmex, a financial trading platform that aims to let anyone bet on anything, has claimed the top prize at the Arena startup pitch battle at Tech in Asia Singapore 2016. The startup has clinched US$10,000 in cash. It also earlier won the Fintech Pitch Battle powered by DBS. Here’s our in-depth profile of Bitmex.
MIS Asia — Alibaba Cloud — the cloud computing arm of Alibaba Group — has launched its first global startup programme called Create@Alibaba Cloud. The programme — which is an expansion from Alibaba Cloud’s previous initiatives in Hong Kong and China — is aimed at enabling startups to maximise their potential through Alibaba’s support network and suite of cloud infrastructure services.
Networks Asia — Asian countries, led by Hong Kong and Singapore, top the new Cloud Readiness Index (CRI) 2016 released by the Asia Cloud Computing Association (ACCA). Hong Kong leads APAC in cloud readiness, jumping four spots from the previous Index to oust Japan from the top rank. Singapore is a close second and also moved two ranks higher from fourth place in the previous CRI.
Enterprise Innovation — Hong Kong’s leading English-language newspaper, the South China Morning Post (SCMP), has ditched its 10-year-old paywall, giving free access to its content to the public effective 6:00 p.m. on 5 April. Concurrent to the paywall removal, a new SCMP Mobile app has been launched, which offers new features including search, personalization, faster loading time, deep linking from social media and easy navigation.
Enterprise Innovation — Mobile shopping has become increasingly popular in Hong Kong with more than two in five making purchases via their mobile device in the last three months, the latest MasterCard Online Shopping Survey reveals. The widespread use (98.8 percent) of Internet-enabled smartphones in the city has set the backdrop for more and more Hong Kongers (42.9 percent) choosing to shop on their smartphones, marking an 18.3 percent increase since 2011.
Enterprise Innovation — Banks based in Hong Kong are very focused on their perimeter security that they overlook to protect their online banking services on the application and user levels. “They are still in the alignment stage and they don’t emphasize protection in the application and user level,” said Juni Yan, managing director for Hong Kong and Taiwan at F5 Networks.
SCMP — CES Asia, the regional event of the world’s largest consumer electronics trade show, returns to China in May just weeks after e-commerce giant Alibaba Group’s initial foray into the country’s crowded trade exhibition market. Hangzhou-based Alibaba’s Tmall.com online retail platform has partnered with the organisers of the Internationale Funkausstellung Berlin (IFA) to stage the inaugural “Consumer Electronics China” show in Shenzhen from April 20 to 22.
Channel News Asia — SAN FRANCISCO: Facebook apologised on Sunday for a bug that sent a Safety Check notification to users around the world following a deadly suicide bombing in Pakistan. Facebook users from Honolulu to Brussels and Cairo to Hong Kong were baffled by the notification, a feature that lets users signal to friends that they are safe following an event in their area like a terror attack or natural disaster.
Telecom Asia — Mobile operator 3 Hong Kong has launched a premium voice over Wi-Fi (VoWi-Fi) service that will enable a wider range of smart devices than just smartphones to make and receive calls. The premium VoWi-Fi service enables the use of up to five devices, including smartwatches, tablets and PCs, along with a smartphone connecting to the same cloud service account.
PRNewswire — HONG KONG: Huawei hosted the Asia Pacific Railway Summit 2016 in Hong Kongtoday. The event, which was themed “Leading New ICT, Building a Better Connected Railway”, drew in more than 100 railway decision makers and professionals from 10 countries to share best practices and discuss the trends and challenges shaping rail development.
Telecom Asia — The Australian Securities Exchange’s (ASX) new PoP in Equinix’s International Business Exchange data center in Hong Kong is now operational. ASX is leveraging Platform Equinix in key international markets including Chicago and now Hong Kong, to help meet the needs of its growing business across the Asian region.
Telecom Asia — HK Television Entertainment Company Limited (HKTVE) is slated to debut its free to air TV service, ViuTV, with the launch of a 24-hour Cantonese digital channel in April. According to HKTVE, ViuTV will provide 4,000 hours of new programs each year, with content of both locally produced and internationally acquired.
Telecom Asia — Forty three percent of organizations observed in Hong Kong were targeted with advanced cyberattacks in the second half of 2015, according to IT security firm FireEye. The territory is getting significant attention from advanced persistent threat(APT) groups, said Michael Chue, the company general manager for Greater China Region.
China Topix — A team of researchers and computer engineering scientists from the Hong Kong University of Science and Technology (HKUST) have developed a cloud-based artificial intelligent machine, called “Zara the Supergirl”, which is capable of interacting with humans by recognizing their emotions. The artificial intelligence technology, which was unveiled at the World Economic Forum in China in 2015, was developed as part of the scientific efforts to create sophisticated machines that will be able to communicate and converse naturally with humans.
Tuoitre News — The Asia-America Gateway (AAG) submarine cable system will begin three days of maintenance on Friday, a representative from Vietnam’s SPT Telecom firm said Tuesday. Internet speed for users in Vietnam is therefore expected to slow down, especially when they use services or websites hosted overseas such as Facebook and Google.
3 Hong Kong will offer free “myTV Super” 5GB data SIM cards at 3Shops and other designated outlets starting mid-March. The card enables mobile users to watch Television Broadcasts (TVB) programs from 30 thematic TV channels for 30 days via the new “myTV Super” paid mobile app. 3 Hong Kong’s ultra-fast 4G LTE network makes popular Hong Kong, Japanese and Korean dramas – along with classic Cantonese movies, animation, variety shows and children’s programmes – available to mobile users on the move. Offer available while stocks last.
Enterprise Innovation — Last October, research firm IDC announced the most outstanding Smart City Initiatives across Asia Pacific (excluding Japan) in its 2015 Smart City Evolution Index competition. Hong Kong’s Science Park took the top spot for the Smart Building category. But is Hong Kong lagging behind, compared to its counterparts (and fiercest competitor) in the region in offering Smart City solutions?