On Nov. 23, APARTSMAN, an ELV end-of-life vehicle dismantling and processing company, received RMB 50 million USD 7.8 million in a round of pre-A series funding from Jiangsu Chenlong Group, boosting its valuation to USD 39 million.APARTSMAN, based in Beijing, has branches in places like Hong Kong, Guangzhou, America and Japan.APARTSMAN s main businesses include intelligent vehicle dismantling by experienced overseas technicians and selling dismantled parts to developing countries through its e-commerce platform.Zhu Jiangang, CEO of APARTSMAN, said the market for dismantled vehicle parts in China is expecting a surge in the near future, up to RMB 600 billion.Dismantled parts and second-hand parts are the future of China s auto parts in the after-sales market, according to Zhu.
Photo: Nora TamHong Kong companies and financial services institutions lag behind the US and Europe in cybersecurity measures as little emphasis is placed on security from a board-level perspective, according to industry experts.He said the banking sector in Hong Kong had lagged in their uptake of cloud technology adoption.Darren Argyle, chief information security officer of UK-based financial technology firm Markit, believes that Hong Kong banks and companies fall behind the US and Europe in beefing up cybersecurity even as the number of cyberattacks have been on the rise globally.He added that companies often view security as a cost of doing business, as cyber criminals increasingly target corporations in their attacks.CEOs of financial companies are now starting to ask what technology is in place which assures that they can respond adequately during a breach, he said.One way to mitigate the skills gap in Hong Kong is for the government to invest heavily in cybersecurity and related security start-ups, thereby encouraging more Hongkongers to pursue a career in security, he said.
MoreFILE - In this May 28, 2015, file photo, a Google employee gives a demonstration of Android Pay on a phone at Google I/O 2015 in San Francisco.Consumers in the U.S. and U.K. will be able to add stores' loyalty programs to Android Pay to earn rewards.In addition, consumers will be able to use Android Pay when shopping on mobile Web browsers.Separately on Wednesday, a competing payments service from Samsung added loyalty programs.But Apple and Android Pay work only with stores that have newer wireless readers called NFC.Apple Pay is also in China, Canada, Australia and Singapore, with Hong Kong and Spain to come.
One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd. s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that s predictable.We have enough money in the bank to last 21 quarters if we keep spending at the same rate as last year, Vijay Shekhar Sharma, chief executive officer of One97 that owns Paytm, said in an interview to Bloomberg TV in Hong Kong.One97, which was founded in 2000 by Sharma, doesn t plan to sell shares in an initial public offering for at least three years, Sharma said.The company has received funding from Intel Capital, private-equity firm SAIF Partners and Fitbit Inc.-backer Sapphire Ventures LLC.A Morgan Stanley fund marked down the value of its investment in Flipkart by more than 25 percent, paring the valuation to $11 billion in less than a year from as high as $15 billion.India s only food-tech unicorn, Gurgaon-based Zomato Media Pvt., saw its billion-dollar valuation slashed in half this month by analysts at HSBC Securities and Capital Markets India .Paytm started as a provider of value-added-services for mobile phones and later evolved into a marketing platform for consumer brands to reach customers via text messages and voice calls.The payment-processing system Paytm is the public face of One97.Its businesses include mobile-recharge services and an e-commerce platform where consumers can find goods including clothing and cameras.
Chinese mobile dating app Tantan has raised a $32 million USD series C funding from a group of investors, including LB Investment, Vision Capital 元璟资本 , and DST Global.The latter is headed by Russian billionaire Yuri Milner, whose investment portfolio includes big name tech companies, including Didi Chuxing, Xiaomi, Facebook, Snapchat, and Twitter.After this round of funding, we plan to continue focusing on user pain points, improving daily usage, and consolidating our position in the social application industry, a PR spokesperson from Tantan told TechNode.Well this looks familiar…The company claims to have 2.5 million active users, about 80% of which are part of China s post-90 s generation.According to Chinese media, the male-to-female ratio on Tantan s app is 6:4.Founded in 2014, the Chinese app is almost identical to Tinder, down to its UI which lets users swipe left and right for potential matches.In 2015, the Beijing-based company came under fire when multiple security risks in the app were revealed by Hong Kong-based entrepreneur, Larry Salibra.By reverse-engineering the Chinese app, Mr. Salibra discovered that sensitive user data, including passwords and telephone numbers, were not encrypted and vulnerable to hackers.
Sharing your personal contact information can open the floodgates to spam messages, unwanted solicitations and cold calls – not to mention potential identity theft.Your calls and texts are fully encrypted with the VolP-based app for iPhone and Android, keeping you clear of wiretaps and other snooping technologies as you choose specific lines for different purposes such as work, personal life and beyond.Contractors, freelancers and project managers have the ability to post contact information on the Web, while circumventing the annoyance of putting your permanent, personal contact info out there for all to see.While traveling, you can also use KeepSolid to obtain local numbers, saving serious cash on long distance calls.Enjoy smooth, pay-as-you-go communications, no matter where in the world you may find yourself.KeepSolid Phones gives you access to numbers in over 30 countries, including the USA, UK, Australia, New Zealand, Brazil, Bahrain, Cyprus, Canada, France, Hong Kong, Israel, Mexico, Spain, Japan and beyond.
Photo: ReutersChinese internet giant Tencent Holdings saw net profit rise 33 per cent in the first quarter to 9.2 billion yuan HK$10.9 billion , but China s slowing economy may take its toll on the firm s online advertising revenue.In the past it took two meetings to nail down a certain amount of contract.The monthly number of people using WeChat rose 39 per cent year-on-year in the period to 762 million.In March the company introduced a 0.5 per cent transaction fee for users taking money out of the WeChat wallet, the app s popular online payment function that rivals Alibaba s Alipay.This relatively young business is still at an early, fast-growing.Chief strategy officer James Mitchell said the online video landscape is getting extremely competitive with new market entrants like LeTV.
View photosMoreA sign of Alibaba Group is seen at CES Consumer Electronics Show Asia 2016 in Shanghai, China, May 12, 2016.REUTERS/Aly SongHONG KONG Reuters - 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 $170 million two years ago.Hong Kong's Takeovers and Mergers Panel, part of the Securities and Futures Commission SFC , ruled that Alibaba's purchase of Hebei Huiyan "constituted a special deal with favourable conditions which were not extended to all shareholders and was a clear breach of the Takeovers Code," according to the decision published on Wednesday.But the e-commerce firm added the regulator issued a new waiver in view of the sharp rise in Alibaba Health stock since 2014, meaning Alibaba is not currently required to launch a full buyout.Alibaba owns 38 percent of Alibaba Health, but last year injected an online pharmacy business into Alibaba Health.
For investors in Taiwan s $841 billion stock market, Tim Cook matters more than Tsai Ing-wen.While the ascension of independence-leaning Tsai to the presidency on Friday has sparked concern relations with China will deteriorate, JPMorgan Asset Management and BlackRock Inc. say the bigger risk is the slowdown in the global smartphone business.Apple reported its first quarterly sales decline in 13 years, with Chief Executive Officer Cook acknowledging on April 26 that -- nine years after the iPhone s game-changing debut -- the market had stopped growing.Taiwan Semiconductor Manufacturing Co. and Hon Hai Precision Industry Co. both reported falling profit last quarter.Investor confidence in Taiwan s stock market reflects "export demand, and by far the dominant export demand factor is electronics and Apple in particular," said Howard Wang, Hong Kong-based head of greater China for JPMorgan Asset Management, which managed $1.7 trillion as of March 31.Pegatron Corp., which assembles iPhones, missed profit expectations and said April sales dived 16 percent.TSMC, one of the largest manufacturers of the application processors that are a mobile device s brains --- cut its 2016 smartphone demand forecast in April.In March, Chinese President Xi Jinping vowed to "resolutely contain Taiwan independence secessionist activities in any form," a warning to Tsai s incoming government.The Communist Party considers the island a province, even though it has been governed separately for more than 66 years, and reserves the right to use force to prevent it from moving toward formal independence."Taiwan having a government that s uninterested in unification with China is nothing new," Chou said, referring to two former presidents who leaned toward independence.She will focus on economic and social issues."
A new Hong Kong smartphone app offers users relief from the tedium of telephone hotlines that steer callers through a labyrinth of recorded messages.The launch version of the application, which is free to download, is able to read 800 hotlines, including those of banks, telecom companies, airlines and Hong Kong government departments.WATCH how quickly Skipmenu navigates a hotline When calling a faceless entity like the Inland Revenue Department, you can waste 10 minutes on average listening to press one for this or press two for that , says Gabriel Chan, Skipmenu founder and chief executive.By seeing all the options on the screen, rather than hearing them, you can connect in seconds.The only thing more annoying was call centres being located outside Britain, which has long been a common gripe in the country.If you look at the stats, an overwhelming majority are calling more than anything else.
A Hong Kong regulator has pointed the finger at Alibaba for breaching acquisition rules when it purchased a healthcare company two years ago, saying the Chinese e-commerce company bought the firm on favorable terms due to a connection with the company s executives.Alibaba purchased CITIC 21 CN in 2014 for $170 million USD, which has since been restructured under Alibaba Health Information Technology Ltd.According to a ruling from the the Takeovers and Mergers Panel of the Hong Kong Securities And Futures Commission posted on Wednesday, Alibaba also purchased another medical technology firm at the time, Hebei Huiyan Medical Technology Co., which was owned by the brother of CITIC 21 CN s vice chairman.The regulator has accused Alibaba of purchasing the second company under favorable conditions, meaning the same deal was not made available to other shareholders.The deal constituted a special deal with favourable conditions which were not extended to all shareholders and was a clear breach of the Takeovers Code, said the result published by the Takeovers and Mergers Panel of the Hong Kong Securities And Futures Commission.The acquisition of CITIC 21 CN left many onlookers scratching their heads back in 2014, when the company was operating at a significant loss.One of the primary benefits of the deal for Alibaba was CITIC 21 CN s large pharmaceutical data base.In July 2014 Alibaba announced they had integrated the company s data to their own e-commerce platform, forming the backbone of their Drug Safety Program , which was launched to clean their e-commerce platforms of fake drugs.Last month when the initial ruling was announced Alibaba said that they would contest the outcome.Alibaba transferred their pharmacy business into Alibaba Health in April last year, consolidating their two biggest health investments.The health arm now oversees the sale of pharmacy products as well as other data-driven healthcare projects.
View photosMoreThe SWIFT logo is pictured in this photo illustration taken April 26, 2016.REUTERS/Carlo Allegri/Illustration/File PhotoHONG KONG Reuters - Hong Kong's central bank has a launched a new program 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.The Hong Kong Monetary Authority's latest measure, known as the "Cybersecurity Fortification Initiative CFI ," plans to raise the level of cybersecurity at banks in Hong Kong through a three-pronged approach and follows similar steps taken by its counterparts from London to Vietnam.They installed malware inside the bank's Dhaka headquarters that hid traces of their attack in a bid to delay discovery so they could access the funds, according to police and private security firms.The theft prompted fresh attacks on other central banks within the region, with Vietnam's Tien Phong Bank saying earlier this week it had interrupted an attempted cyber heist that involved the use of fraudulent SWIFT messages, the same technique at the heart of February's massive theft from the Bangladesh central bank.The Bank of England joined its counterparts in Singapore and the Philippines, asking banks to increase their checks on security systems in the wake of the attacks.
Today, fifteen years ago, Apple opened the doors of its first two stores. The location was Tysons Corner, Virginia and Glendale, California. Virtually all pundits sawn concept altogether, but it was not long before the success was a fact. Here's what it looked like when Steve Jobs showed off the Apple store for the world: In the current situation, there are nearly 500 stores around the world, specifically in the US, UK, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong, Italy, Japan, Netherlands, Spain, Sweden, Switzerland, Turkey and the United UAE. Altogether they have more than a million visitors a day.
As we reported earlier, Zhejiang University captured the Highest LINPACK Award and prize money of 10,000 RMB.I can t get complete scores from the ASC organization, so my analysis is going to be limited and somewhat speculative.Team Hong Kong and our buddy Freeman grabbed second place, narrowly edging out Team Nanyang.All three of these teams were sporting small four node clusters with a double brace eight NVIDIA K80 GPUs.Team Nanyang took second place with 421.54, with Team Dalian and Team Hong Kong pulling third and honorable mention respectively.Notice that the eventual overall champion, Team HUST, isn t mentioned in the above results.
Deutsche Bank has compiled a list of what various gadgets costs around the world. As for the iPhone is the mobile phone as the cheapest in the US and most expensive in Brazil. Sweden is the third most expensive country after Brazil and Indonesia, which hardly comes as a great surprise to us. Compared with the US, we pay 45 percent more for Apple's mobile phone, which is partly due to the high VAT. Below, countries are ranked from the most expensive to the cheapest: Brazil $ 931 Indonesia $ 865 Sweden $ 796 India $ 784 Italy $ 766 Denmark $ 754 Finland $ 743 Belgium $ 732 Netherlands $ 732 Spain $ 732 France $ 732 Germany $ 727 Australia $ 707 New Zealand $ 697 Russia $ 695 China $ 693 Canada $ 692 Malaysia $ 691 NM $ 687 Philippines $ 682 UK $ 671 Switzerland $ 666 Singapore $ 661 South Africa $ 660 Japan $ 637 Hong Kong $ 604 US $ 598
Customers use Apple's iPhone 6s at the company's store during its sales launch at the IAPM shopping mall in Shanghai.Photo: Qilai Shen/Bloomberg/Getty ImagesIf you plan on traveling abroad, make sure to protect your iPhone.The study, helmed by strategist Jim Reid, compared the price of purchasing an Apple iPhone 6 and 6S — the 4.7-inch screen, 16GB models — in 27 different countries."Don't lose your phone while away in Brazil, India, Sweden, Denmark or Italy as a new iPhone is most expensive there," Reid's team wrote in the research note.Prices for the smartphones in Japan, Hong Kong and South Africa are also on the lower end.Reid's report said his team "tried to ensure that all taxes and surcharges are included" so the figures are comparable, but there could still be some variation depending on discounts and local fees.
A year ago, listed on the Hong Kong Stock Exchange Hanenergy Thin Film Power Group's share price sank 47 percent and the company's market value lost in a moment of almost $ 19 billion. The same day, the Hong Kong authorities froze trading in a few other shares. Hongkongilaisviranominen still investigating the case. the suspension of trading meant that investors were not able to close their shops or to buy back the borrowed shares. Hanenergy Thin Film Power Group's parent company told Bloomberg that it was in contact with the Hong Kong securities market authorities, but information about the cessation of trading of suspension has not been told. In February hongkongilaisviranomainen said will reflect the interruption in response to the concerns expressed by investors.
http://content.blubrry.com/analyseasia/Episode 113 Facebook vs Asia Messaging Apps with Sameer Singh.mp3Sameer Singh from Tech-thoughts.net joined us to reflect on major themes that have been ongoing in the technology space from messaging apps to self-driving cars.In the first part, we discussed Facebook s recent F8 announcements on their new chatbots platform and video livestreaming.From there, we analyzed the implications of Facebook s announcements and examined how it will impact Asia from video advertising to messaging apps, thus foreshadowing an upcoming showdown between Asian messaging apps, such as WeChat and LINE.Finally, we dissected the different business models behind artificial intelligence companies and how they will play a role in the technology space from the US to Asia.Download MP3 25.2 MB or Subscribe via RSSAnalyse Asia with Bernard Leong is a weekly podcast dedicated to the pulse of technology, business & media in Asia.10:30 Why do Facebook use chatbots where the UI is not working in the emerging markets?16:45 Facebook Videos: Live Fast, Die Young Source: TheInformation Implications to Facebook livestreaming to video advertising and virtual reality.
The stolen funds were transferred primarily to banks in Honk KongCyberattacks targeting international banks have seen an alarming rise in recent times, the most notable of which is the Bangladesh Bank hack which saw cybercriminals making off with $81m.As with the Bangladesh Bank heist, the hackers who targeted the Ecuadorian bank Banco del Austro in January 2015, were also able to gain access to the bank's codes for using Swift – the global bank messaging service - after which they transferred the funds to a different bank in another location, the Wall Street Journal reported.We have been in touch with the bank concerned to get more information and are reminding customers of their obligations to share such information with us," she said.Banco del Austro has filed a lawsuit against Wells Fargo & Co in New York's federal court for failing to identify "red flags" in several transactions in January 2015 and to stop the cybercriminals from transferring around $12m to banks across the globe.It is not known what happened to the money after it was sent to banks in Hong Kong.Swift has since asked banks to be more vigilant against cybercriminals.
And it s going to have a new one-day preamble, our AR/VR day, to focus on the excitement of augmented reality and virtual reality games and entertainment.That s August 1, and it leads into our traditional GamesBeat fare.Our ninth annual GamesBeat event takes place at the Terranea Resort on August 1 to August 3 in Rancho Palos Verdes, California.He has secured licenses with Hollywood studios such as Disney, Lionsgate, MGM, NBCUniversal, Paramount, and Warner Brothers for games based on some of the world s most beloved movie franchises.Last year, Chou launched a multipartner effort to take Marvel: Contest of Champions into the Chinese market.1 game in downloads in China.Roy Taylor, corporate vice president of alliances at AMDTaylor is a seasoned veteran of the video game and semiconductor industries.He previously held senior positions at Rightware, MasterIMage 3D, and Nvidia.Jason Rubin, head of Oculus StudiosRubin runs the team at Facebook s Oculus division that creates, funds, and works with developers to build first party games and experiences for the Oculus Rift VR headset and the Samsung Gear VR.He is responsible for expanding Lionsgate s content creation into video games and other interactive ventures, including incubation of new properties, investment in existing games and digital media vehicles and leveraging Lionsgate s franchises and other branded properties into the gaming space.It s no accident that Lionsgate has announced a bunch of game-related deals, such as planting the seeds for an esports TV show and backing Hong Kong game studio Fifth Journey.