Several companies from China's media, e-commerce, and content markets including ZTE, Sina.com, and Youku Tudou have formed a consortium to tap potential revenue from airline passengers with inflight services.
By The Way
Eileen Yu checks out industry developments across the Asia-Pacific region, discussing their relevance to the global tech business landscape.
Eileen Yu began covering the IT industry when Asynchronous Transfer Mode was still hip and e-commerce was the new buzzword. Currently a freelance blogger and content specialist based in Singapore, she has over 16 years of industry experience with various publications including ZDNet, IDG, and Singapore Press Holdings.
Singapore telco reports a 19.3 percent growth in net profit to S$1.04 billion (US$805.85 million) on revenue totaling S$4.31 billion for the second quarter, but sees losses in digital life group on new investments.
Mobile will power customer experiences and drive digital transformation across Asia-Pacific in 2015, predicts Forrester, but most businesses won't be able to provide the necessary services to service mobile consumers.
ViewQwest announces its new 2Gbps fiber broadband service to be made commercially available in early-2015, offering the fastest residential internet connection in Singapore.
Chinese smartphone maker invests US$300 million Baidu's online video site, IQiyi.com, as it looks to expand its internet TV content.
Singapore Exchange sets up inquiry team to investigate last week's power outage that brought trading to a halt for more than three hours, after its backup power systems failed to function.
Chinese smartphone manufacturer is reportedly looking to raise US$1.5 billion in its fifth round of funding to support efforts in developing video content for Xiaomi TV.
Chinese hardware maker clocks a 19 percent increase in profit on revenues totaling US$10.5 billion in the second quarter, shipping a "record" 35.6 million devices. But sales from its mobile division drop 6 percent.
International Telecommunication Union and Internet Society will jointly identify ways to build "long-term capacity" and provide advice on ways to combat spam, which accounts for 80 percent of global e-mail traffic.
Is it time for the U.S. to relinquish its leadership position in the tech industry and hand over the baton to rising star China, or even India? Perhaps, but questions about innovation and market environment will first need to be addressed.