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Tech News

15-09-2017
Innovation and Technology Venture Fund

The Government has launched the Innovation and Technology Venture Fund on 15-09-2017. It is now open for application by venture capital funds to become co-investment partners (Deadline: 15-01-2018). A briefing session will be held on 03-10-2017 at the Hong Kong Science Park. Interested venture capital funds are welcome to attend.

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20-10-2018
100 plus Chinese companies to build open blockchain consortium

In May 2016, over 100 Chinese companies, representing organizations from six industry sectors including banking, fund management, securities brokerage, insurance, regional equity exchanges, and financial information service formed the Financial Blockchain Shenzhen Consortium (FISCO). One of the goals of the consortium is to coordinate and integrate research to advance financial blockchain technology for use in business scenarios. FISCO will build an open-source blockchain platform called FISCO BCOS.The argument for a consortium chain being public or private (Permissionless or Permissioned blockchain) has long been debated. Both Hyperledger Fabric and R3 Corda are coinless private consortia. In contrast, the FISCO BCOS from China is a coinless open consortium chain purpose-built to meet the regulatory requirements and service demands of the financial industry.Though blockchain technology is prized for providing consensus in recording transactions, its low concurrency, long delays, and probability-dependent completion expose weaknesses that need to be overcome.FISCO BCOS is not a single blockchain but comprises several blockchain applications. Some of the early use cases for the FISCO BCOS include cross-consortium collaborations, Open Chain Ecosystem, and Distributed Business Model. In addition to private member initiatives, many public members have launched applications in supply chain, finance, tourism finance, copyright transaction, recruitment, and gaming since BCOS became open-sourced.The consortium claims that the FISCO BCOS is the first blockchain platform to meet China’s existing regulations for the financial services industry. According to the group, the platform features an upgraded architecture with localized optimization to the single chain. This ensures secure and efficient concurrent computation & parallel expansion. Developers can build additional servers to satisfy specific business requirements.An ongoing limitation of today’s closed blockchain platforms is low concurrency which can introduce long delays. The FISCO BCOS is said to use a combination of Byzantine fault tolerance (BFT) mechanism, multi-chain architecture, and cross-chain interactions. The result is that concurrent access problems and high-frequency account limitations are resolved, effectively removing any hindrance to high-frequency information exchange.FISCO BCOS uses access node control, key management, and CA management to provide security at all points in the network – from hosting, networking, and storing to application. It also supports functions that protect user privacy, including Zero-knowledge proof, Homomorphic encryption, Group signature and Ring signature. Caption: Image from iStockPhoto/matejmo

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20-10-2018
MediaMath focuses on programmatic video and connected TV

MediaMath is making an aggressive push around programmatic video and the connected TV, as it announced that it is participating in thought leadership initiatives as a member of the IAB Digital Video Center of Excellence Board.It says that this reflects its commitment to transparency, and industry standards that ensure improved user experience and a consumer first marketplace.“Joining organizations like the IAB Digital Video Center of Excellence allow us to be a guiding force for both the buy- and sell-side on setting best practices for audience-based TV buying solutions that puts preference in the center,” said Mike Fisher, head of Video and Advanced TV at MediaMath.“We couldn’t be more delighted to have a voice in the important conversation around the challenges that come with automated TV inventory, and the opportunity to shape best practices for transacting in the programmatic TV space,” he said.The announcement also puts a spotlight on programmatic spending on TV, where MediaMath says its Curated Market for TV provides sell-side access to clients and digital programmatic video dollars while retaining control of inventory for end-sellers.MediaMath says its partners can access inventory from the leading TV networks they are already buying from and enhance their buy with all the benefits of one tech stack – as they take advantage of shifting TV dollars to OTT.The programmatic giant is also proactively attempting to address the issue of rampant fraud in programmatic. Earlier this month, MediaMath sent an open letter to 50 supply partners warning them that it will stop buying from suppliers that play auction games.As reported on AdExchanger, exchanges were asked to sign a document that prohibits behavior such as among others, such as bid caching and sending duplicate bid requests, as MediaMath seeks to lay the groundwork for fair, transparent programmatic auctions.Further reading:Getting programmatic advertising to work in AsiaMediaMath raises another $225M to accelerate expansionMediaMath trains over 4,000 APAC marketers in programmatic Caption: Image credit: iStockphoto by Getty Images

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19-10-2018
Towngas to invest in Foshan Water Environmental Protection Co., Ltd

The Hong Kong and China Gas Company Limited (“Towngas”) announced on 16 October 2018 that it will invest RMB 550 million (US$ 79.4 million) in the Foshan Water Environmental Protection Co., Ltd (“Foshan Water Environmental Protection”), accounting for a registered capital of 26% of the project. Foshan Water Environmental Protection is Towngas’s first water services project in the Greater Bay Area, which is poised to provide opportunities in water services and environmental business, creating synergy within the region for the Group.Established in 1964, Foshan Water Industry Group Co., Ltd. is a major state-owned enterprise, specializing in water supplies, waste water treatment and projects commissioned by the municipal government. As part of the reform of state-owned enterprises, Foshan Water Industry Group and Foshan Financial Investment Holding Co., Ltd. jointly established Foshan Water Environmental Protection in March 2017.From the perspective of tap water supplies, Foshan Water Environmental Protection has 15 water plants with a combined capacity of supplying 1.94 million tons of water every day, servicing a total area of 2,060 square kilometers with over 800,000 households.Alfred Chan, Managing Director of Towngas, mentioned, “As the various government levels in mainland China are putting a higher priority in water resources, there is a tremendous potential for the water industry to grow.”He added, “Foshan Water Environmental Protection is the first water services project Towngas has undertaken in the Greater Bay Area. The investment will accelerate the research and development, and application in the technology of the water industry, generating synergy with the existing business portfolio of the Group.”The Foshan Municipal Government is implementing a three-year city management action plan through 968 initiatives, involving an investment amount of RMB 352.3 billion (US$50.8 billion). Under the action plan, different industries, including public utilities and local infrastructure will undergo reforms so as to push for Foshan to connect with the international market in the long run. The plan will present opportunities for Foshan Water Environmental Protection to participate in other public utility and environmental businesses, and related engineering projects, boosting Foshan Water Environmental Protection’s future profitability. 

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19-10-2018
Data & Cloud Tech Summit 2018: Data are safer in the cloud

Panelists at the Data & Cloud Tech Summit 2018 shared their reasons for believing that there is tighter security in the cloud than in most company’s on-premise data centers

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19-10-2018
OPINION: Security and IOT

To reap all the benefits IoT has to offer, we need to make sure that security is baked-in to a far greater degree going forward

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19-10-2018
Ping An Cloud opened up to external customers

Ping An Insurance Group will open access to its Ping An Cloud platform to external customers, including GitHub through a new strategic partnership

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19-10-2018
CK Hutchison, Meitu form strategic alliance

CK Hutchison and Meitu have entered a partnership aimed at developing a new business model combining social media and retail

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19-10-2018
theDesk to open fourth co-working space in HK

Hong Kong co-working space provider theDesk will open a 36,000sq ft co-working space at the United Centre in Admiralty in the first quarter of 2019

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19-10-2018
IBM launches Multi-cloud Manager tool

IBM’s new Multi-cloud Manager will manage workloads on IBM clouds but also workloads on Amazon, Red Hat and Microsoft infrastructure, as well

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19-10-2018
Intuit adds AI, enterprise features to QuickBooks online

Intuit aims to entice enterprises to change their ERP system for QuickBooks Online with an extension of the financial management tool

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18-10-2018
Survey uncovers insights into the meaning of healthy aging

As a company whose purpose is to make the world healthier and happier, global nutrition company, Herbalife Nutrition, recently released findings from its 2018 Asia Pacific Healthy Aging Survey. Conducted in August 2018 with 5,500 respondents aged 40 and above in 11 markets including Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam, the survey uncovered insights into the meaning of healthy aging, the importance of lifestyle changes for healthy aging, as well as key motivators and influencers for healthy aging.The survey revealed that the majority (66%) of Asia Pacific consumers define the meaning of healthy aging as "being physically and mentally active as I age". While aging is an inevitable process, a larger majority (92%) of respondents believe that active steps can be taken to help them age healthily - in fact, 76% of them have already started taking steps towards healthy aging.However, a much smaller group of Asia Pacific consumers believe that one should start healthy aging early, with only slightly more than half (54%) agreeing that the right age to start taking steps towards healthy aging is between 40 to 45.According to the Asia Pacific Risk Center, Asia Pacific is the fastest aging region of the world with over 200 million people expected to move into the ranks of the elderly (aged 65 years and above) between now and 2030. "With rapidly aging populations posing unprecedented social and economic challenges in the region, we believe that consumers should be educated on the need to start taking active steps towards healthy aging through improving nutrition and physical activity," said Stephen Conchie, Senior Vice President and Managing Director, Asia Pacific, Herbalife Nutrition."Making Better Nutrition Choices" the most important lifestyle changeWhen asked about the most important lifestyle change to enable healthy aging, 81% of respondents chose "making better nutrition choices", ahead of "engaging in more regular physical activity" (75%) and "engaging in more mentally-stimulating activity" (71%). However, a smaller proportion of respondents have taken steps to put these important lifestyle habits into practice, as shown in the table below:Protein undervalued for its role in supporting healthy agingIn terms of the type of supplements that Asia Pacific consumers are currently taking, the survey revealed that the majority of their supplement consumption centered around multivitamins (75 %) and calcium (53 %). However, only three in 10 are consuming protein as part of their supplement mix for healthy aging. With protein being a key nutrient that supports the development of muscles for healthy aging when combined with an active lifestyle, findings indicate the role of protein in supporting healthy aging is undervalued.

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18-10-2018
Savonix and Tucker Medical partner to establish digital cognitive assessment as standard routine care

Savonix, a specialist in digital tests for cognitive health, and Tucker Medical, a multi-specialty practice offering personalized medicine and care in medical oncology, gastroenterology, and family medicine, recently announced a partnership to provide access to the Savonix Cognitive Assessment platform as part of its clinical offerings.This partnership is built on a shared understanding that each patient is unique and should be treated based on their individual health needs, with the ultimate goal and vision to help improve preventive care and oncology treatment in Singapore. Tucker Medical, with its Personalized Medicine services, conducts baseline screenings across multiple areas of a person’s health. The Savonix Cognitive Assessment platform will be used to generate a baseline and ongoing assessment across a broad spectrum of cognitive function, including working memory, attention, executive function, and processing speed.“We are excited to bring affordable and efficient cognitive testing to Singapore and are pleased to partner with the team at Tucker Medical who share our belief that cognitive health plays a vital role in overall health,” said Dr. Mylea Charvat, CEO and Founder of Savonix. “During and after chemotherapy treatment, it is common for patients to experience ‘chemo-fog’, a type of mental cloudiness that impairs memory and concentration. Savonix can be used to track cognition and provide insights for intervention and personalized approaches to care.”Dr. Steven Tucker, CEO of Tucker Medical added: “We are excited to work with Savonix to integrate cognitive health into our routine medical assessment. Since we are a multi-specialty practice, defining, improving and maintaining cognitive health adds clear value to our patients, whether they are seeing us for treatment of disease or general primary care. We believe in tracking all aspects of health and the Savonix platform creates clear and reproducible measurements for baseline and ongoing assessments. Chronic diseases, from diabetes to cancer, can impact cognition, and now we can measure and act on this dimension of health.”

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18-10-2018
Wan Hai Lines joins INTTRA’s network to improve ocean container business

Wan Hai Lines, a Taiwan-based premier shipping company with a comprehensive service network in Asia for over 50 years, has joined INTTRA.  This addition means INTTRA is now working with the top 12 global carriers[1].INTTRA is the largest neutral network, software and information provider at the center of the ocean shipping industry, empowering shipping firms to trade with multiple parties and leverage ocean industry information to improve their business.Connecting over 30,000 shipping companies across nearly 200 countries with more than 60 leading carriers and over 150 software alliance partners, INTTRA streamlines the ocean trade process. More than 800,000 container orders per week are initiated on the INTTRA platform, representing over one quarter of global ocean container trade.The addition of Wan Hai is significant as they are one of the top intra-Asia carriers based on market share, with that segment representing the largest containerized trade in the world.In addition to offering an extensive service network in Asia, Wan Hai has expanded to the US, South America and the Middle East in recent years.They will now be able to offer their customers a full range of solutions through INTTRA’s network, including booking, shipping instructions, eVGM, Track and Trace, Bill of Lading, as well as Ocean Schedules.“Wan Hai has all along been developing our EDI platform. With the addition of INTTRA, we hope to provide another option to our customers and further enhance our EDI services.” said Randy Chen, Vice-Chairman, Wan Hai Lines. “Earlier this year we announced that a number of new carriers joined INTTRA, including one of the top 10 in the world.  Today, we are delighted to welcome Wan Hai Lines, another one of the largest carriers, who will offer their customers access to the full range of INTTRA services,” said John Fay, CEO of INTTRA. “As our network scales, it delivers further advantages of digitalization to the ocean container community and provides its members with a one-platform connection to many shipping partners.”  [1] https://alphaliner.axsmarine.com/PublicTop100/

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18-10-2018
China’s 100 most innovative companies

China’s most innovative companies have been identified in the 2018 Top 100 Chinese Innovators report by Clarivate Analytics, a global leader in providing trusted insights and analytics to accelerate the pace of innovation. This is the third annual report created by Clarivate, using its patent analysis tools and data including the Derwent World Patents Index, Derwent Patents Citation Index, Derwent Innovation and Derwent Data Analyzer.   Fifteen new companies have joined the list in 2018, 12 of which make their first ever appearance in the Chinese Top 100 Innovators list, representing a range of industry sectors from Information Safety to Medical Devices to high-tech industries such as Electronic Components, Communications Equipment and Internet Media.Engineering sectors such as General and Special-Purpose Machinery, Automotive and Electrical Equipment are again present, together with other areas such as Consumer Goods and Healthcare.The 2018 report covers companies located in mainland China only and excludes Hong Kong, Macao and Taiwan and is based four key criteria:Patent volume – based on a certain volume of inventions in the past five years Patent-grant success rate – the number of inventions with granted invention patents by the number of basic patents from the most recent five years Invention influence – how often the organization’s invention is subsequently cited by other companies in the patenting of their inventions over the most recent five years Globalization – the ratio of inventions filed for protection in countries outside China versus the total volume for that period“Our analysis indicates that although there has been a slight decline in innovation quality, there has been a shift in strategy among some top innovators away from filing indiscriminately and cheaply and towards filing more selectively on their higher value innovation.  Companies are filing significantly fewer invention patent and utility model applications and are focusing on patenting only the inventions that are strategically more important to their organization”, said Bob Stembridge, principal patent analyst at Clarivate Analytics.The report also revealed that the number of published patent applications in China has grown by an average of 15.3% CAGR (Compound Annual Growth Rate) for the last five years to reach 1.27 million in 2017.  Over the same time period, utility models grew much less at 6.2% CAGR and granted patents rose 15.1% CAGR to just over 420,000. (Source: Derwent Innovation).Linda Guo, managing director of the Greater China region for Clarivate Analytics, added: “China’s Five-Year Plan (2016-2020), identifies innovation as one of five key goals to drive China’s rapid development and growth as the world’s second largest economy. It also aims to increase R&D expenditure as a proportion of Gross Domestic Product (GDP) to 2.5% by 2020, with support for innovation by way of tax breaks and other significant incentives to support patent filings by China-based entities. This has resulted in a massive increase in the number of Chinese patents as firms seek to protect and commercialize their innovation in one of the largest and most competitive global markets.”Other key findings in the 2018 report include: Technological innovation is becoming more concentrated in China’s eastern region, although the balance has shifted from Beijing. The majority of the Top 100 Chinese innovators are focused on protecting their innovation domestically with 61 having patent portfolios comprising of 90% or more filed in China only. The average number of patent families within the Top 100 patent portfolios with filings in two or more countries grew by a healthy 12.5% compared to last year, indicating more companies are filing more globally, led this year by Huawei, ZTE, AMEC, Alibaba and BOE Technology. The overall combined influence metrics of the 2018 Top 100 Chinese innovators (the total of all  influence scores) is 4.5% higher this year than 2017.  The average citation ratio of 0.71 citations per citation for China’s top innovators is still below that of the Top 100 Global Innovators at 1.13 citations per citation showing China still has room to increase its innovation influence globally.The report is available for download in both Simplified Chinese and English. 

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18-10-2018
DHL Express partners SingPost to widen delivery offerings

DHL Express has partnered SingPost to expand its network of delivery options.With the partnership, more than 160 of SingPost’s parcel collection lockers, named POPStations, will be added to DHL’s network of lockers.This partnership is set to boost the number of parcel pick-up points in Singapore to over 400 locations. This is an increase from the existing 245 lockers in the DHL Express network of collection points established in collaboration with partners such as SwipBox, blu and Parcel Santa. An additional 46 Parcel Santa lockers, which are located in condominiums, are expected to be added to the network by the end of this year.Yasmin Khan, (Acting) Country Manager, DHL Express Singapore said, “The rise of e-commerce has established new shopping habits and expectations of the speed and convenience of package delivery. Singapore is no exception, given that it is one of the top drivers of e-commerce sales in the Southeast Asian region with the highest online share of total retail sales at 5.4% amongst the region’s five top economies. We hope to help deliver an exceptional online shopping experience to customers here from the first click, to the last mile by delivering packages when they want them, where they want them. We aim to do this by expanding our network, leveraging innovation across our service and offerings to better meet the needs of online shoppers.”Head of SP Parcels, SingPost, Freddy Chang said, “SingPost is happy to offer our POPStation services to DHL. As Singapore’s leading locker services provider, our goal is to provide maximum convenience to customers. As we approach the year-end peak season for online shopping, SingPost stands ready to satisfy the last-mile needs of eCommerce retailers, partners and customers in Singapore as well as worldwide.”Enhanced on-demand deliveryTo meet the needs of a highly mobile population and offer customers greater flexibility and convenience, DHL Express has also enhanced its On Demand Delivery (ODD) service. Offered via a mobile-optimized website, ODD enables customers to activate specific delivery options, including redirecting their deliveries to a parcel locker like a POPStation.A new Receiver Registration feature allows customers to store and re-use their delivery preferences for hassle-free experiences. Once registered, customers can specify and rank their preferences, with the first priority option being the default option for their next shipment delivery. These preferences can be changed at any time to suit receiver needs.The enhanced platform also features an improved shipment listing view. Users can now track multiple shipments according to their delivery status. This offers better visibility to customers who are on the go, making it easier for them to manage their delivery options. The enhanced ODD offers flexibility and convenience and caters to the demands of online shoppers who do not want to miss a delivery when away from home.Through ODD, DHL Express can proactively notify their customers of an upcoming shipment delivery via email and Short Message Service (SMS). A link to the platform is provided for customers to exercise specific delivery options from a desktop or mobile device. Customers can choose from six different options, including: redirecting to a DHL parcel locker or service counter; leaving shipment in a safe place or with neighbor, concierge or guard; changing the delivery date; and even putting shipments on hold during vacation. Delivery instructions make their way in real-time to DHL Express couriers, ensuring shipments are received at the right time and place, and at the convenience of the customer.  Caption: SingPost POPStation

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CyberLink Vol.121 October 2018

Secretary for Commerce and Economic Development met with start-ups at Smart-Space 8

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CyberLink Vol.120 September 2018

Cyberport Venture Capital Forum (CVCF) to bring top investors' insights and foster match-making opportunties this Novmber

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CyberLink Vol.119 August 2018

 

Cyberport-grown Klook takes off to new unicorn status

 

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