Facebook in talks to buy stake in Jio

Facebook has been in talks to buy a stake in Mukesh Ambani’s digital operation Reliance Jio to try to expand its presence in the Indian digital market with a preliminary deal for a 10 per cent share. Google also has been engaging in talks with Reliance Jio, after Microsoft last year announced plans to work…

Samsung battles Apple and Sony to dominate the world of technology

Samsung the South Korean electronics group dynasty overtook  Apple as the biggest profit generator in the second quarter of 2017 as Economist and Wall Street JOunrl Journalist, Geoffrey Cain highlights part of  genius of Samsung’s  business model” and reveals an explosive expose of one of the biggest and most secretive companies  in the world, as Samsung…

IBM sues Airbnb over infringement of patents

IBM is suing Airbnb over what it claims it the illegal use of four patents in a move that casts doubt over the short-term rental company’s attempts to a proposed listing. IBM patents are homegrown and resulting from our more than $5bn investment a year in R&D. After six years of unsuccessful discussions with Airbnb,…

Way forward for 5G networks

A couple of months ago, the heads from 18 small British telecoms companies met at a London bank to discuss investment, strategy, and mergers. In the meeting, they were asked if they thought the Chinese could eavesdrop through back doors in Huawei equipment all 18 hands went up. One of the bankers then asked, if…

Huawei reports strong sales growth despite sanctions

Huawei has reported sales surge by 18 per cent  compared to 19.5 per cent in 2018, shrugging off the intense effort by Trump administration to weaken the Chinese technology group and shut it out of western markets, as it shipped 240m smartphones in 2019 up from 206m the previous year. After the US banned exports…

China tech companies dictating standards for Facial recognition

Chinese tech companies are at an advanced stage of shaping facial recognition and surveillance standards at the UN, as they aspire to dominate markets in the developing world for their designs. China Telecom, ZTE, Dahua are among companies proposing global standards in the UN’s International Telecommunication Union (ITU) for facial recognition, video monitoring, city and…

Face scans mandatory for new mobile phone users in China

  A regulation announced in September 2019, was due to come into effect on Sunday when all people in China are required to have their faces scanned when registering new mobile phone services, as the authorities seek to verify the identities of hundreds of millions of internet users. China has for years been trying to…

Social-media influencers income soars

The Average price of a sponsored photo on Instagram has leaped from £104 ($134) t0 £1, 276 ($1, 6742 in 2019. Brands are willing to pay more to sponsor posts, videos, stories and blogs too. “Digital marketing is the equivalent of word of mouth but there will always be a mix between that and traditional…

Alibaba’s sales grew by 40 per cent

Alibaba’s sales grew by 40 per cent with profits more than tripling as China’s legions of shoppers kept spending at the online retailer despite a broader economic slowdown. During the three-month period ended September 30, Jack Ma, founder and chairman stepped down from his formal roles at the company, leaving chief executive Daniel Zhang to…

Facebook agrees to settle Cambrige Analytica fine

Facebook has dropped its year-long appeal against a £500, 000 fine imposed by the UK’s data watchdog for its failure to protect users’ information in the Cambridge Analytica scandal, without accepting any admission of liability. The payment comes amidst intense scrutiny of Facebook’s role in the democratic process, with a fresh dispute emerging over the…