Tech

Tencent weighing bid for holding company behind Korea’s Nexon

Ren Leen January 18, 2019

HONG KONG/SEOUL (Reuters) – Chinese gaming titan Tencent Holdings Ltd is considering a bid for the holding company that controls South Korean gaming company Nexon, two sources with knowledge of the matter told Reuters. Tencent is looking to enlist co-investors, the sources said. One of

Tech

Netflix forecast misses Wall Street view, shares dip

Ren Leen January 18, 2019

(Reuters) – Netflix Inc  forecast first-quarter revenue slightly below Wall Street estimates on Thursday, even after a record quarter for new customers, sending shares of the world’s largest streaming service down 4 percent in after-hours trading. Investors may have been hoping for more after Netflix announced a price hike for U.S. subscribers earlier this

Tech

China’s Tencent releases test version of Game of Thrones smartphone games

Ren Leen January 17, 2019

BEIJING/SHANGHAI (Reuters) – Tencent Holdings has released a test version of a third-party developed smartphone game in China based on U.S. hit television show Games of Thrones, bolstering its pipeline that has been hit by government curbs of online gaming. The game, titled “Game of Thrones: Winter is Coming”, was developed by Chinese games maker […]

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Germany’s BDI on Huawei: No vendor should be excluded from 5G without evidence

Ren Leen January 17, 2019

BERLIN (Reuters) – No vendors should be excluded from Germany’s fifth-generation mobile networks if there is no evidence against them, the BDI industry association said, responding to calls to bar China’s Huawei Technologies on national security grounds. The Handelsblatt daily reported earlier that the German government was actively considering stricter

Tech

Apple, Amazon called out for ‘incorrect’ Taiwan, Hong Kong references

Ren Leen January 17, 2019

TAIPEI/SHANGHAI (Reuters) – One of China’s top government-linked think tanks has called out Apple Inc, Amazon.com Inc and other foreign companies for not referring to Hong Kong and Taiwan as part of China in a report that provoked a stern reaction from Taipei. The Chinese Academy of Social Sciences (CASS) said in a report this […]

Tech

Facebook blocks accounts linked to Russian state-owned Sputnik

Ren Leen January 17, 2019

(Reuters) – Facebook Inc said on Thursday it had removed hundreds of Russia-initiated accounts, which it judged to be involved in coordinated inauthentic behavior on its platforms, including some linked to state-owned news agency Sputnik. In a separate statement, Sputnik attacked the social network for a decision it said was political and amounted to censorship […]

Tech

Musk tweets Tesla to end customer referral plan because of costs

Ren Leen January 17, 2019

(Reuters) – Tesla Inc’s customer referral incentive plan will end on Feb. 1, the electric carmaker’s Chief Executive Officer Elon Musk tweeted on Thursday, citing costs. Musk tweet  that the referral program is ending because “it’s adding too much cost to the cars, especially Model 3”. The billionaire in the past few months has been […]

Tech

Walgreens and Microsoft partner to develop digital healthcare services

Ren Leen January 16, 2019

(Reuters) – Drugstore chain Walgreens Boots Alliance Inc and Microsoft Corp said on Tuesday they have entered a seven-year agreement to research and develop new methods of delivering healthcare services through digital devices. As a part of the deal, the companies will focus on virtually connecting people with Walgreens stores and provide services on therapeutic […]

Tech

Verizon deepens ties with Apple, offers free Apple Music to some U.S. customers

Ren Leen January 16, 2019

(Reuters) – Verizon Communications Inc said on Tuesday it will include free Apple Music subscriptions in some of its top-tier U.S. data plans, deepening its ties with the iPhone maker. Apple Inc is increasingly turning for growth to its services segment, which includes businesses such as iCloud storage, Apple Music and the App Store, and […]

Tech

Industry must rein in spend on electric, self-driving cars: Magna CEO

Ren Leen January 16, 2019

DETROIT (Reuters) – Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said Tuesday. Over the next decade, vehicle and parts suppliers plan to spend $300 billion to bring electric […]