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TECH

Gotta ‘go’? There’s an app for that

Bluetooth-operated bionic sphincter controller close to human trial phase.

TECH

China's Netflix-to-Tesla is spread painfully thin

Jia Yueting wants to be China's Reed Hastings, Tim Cook and Elon Musk all at once. The entrepreneur's group, LeEco, is pushing into televisions, smartphones, video-streaming, movie production and even electric vehicles.

TECH

Samsung Electronics buys US$450mil stake in Chinese electric car firm BYD

Samsung Electronics is to pay 3bil yuan (RM1.82bil) for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd, the Chinese company said in a stock exchange filing on July 21.

TECH

Alibaba financial affiliate Ant raises US$4.5bil

The financial services affiliate of Chinese e-commerce giant Alibaba has raised US$4.5bil (RM17.74bil) in funding, it said, calling it the largest single private placement by an Internet company.

TECH

Online boom carries windfall to Chinese couriers

Online shopping has delivered a windfall to Chinese couriers. YTO Express, a company backed by e-commerce behemoth Alibaba, will list in Shanghai at a valuation of US$2.7bil (RM10.82bil).

TECH

Jack Ma, social media firm Tencent raise stakes in Huayi Bros

A firm controlled by Alibaba founder Jack Ma and social media firm Tencent are set to invest a combined 2.8bil yuan (RM1.5bil) to raise their stakes in Huayi Brothers Media Corp, as China's tech giants push into entertainment.

TECH

'Game of War' mobile game developer looking at US$3bil valuation: WSJ

Machine Zone Inc, the developer of popular mobile game Game of War: Fire Age, is in talks with JPMorgan Chase & Co to raise funding that could value the company at more than US$3bil (RM9.55bil), the Wall Street Journal reported, citing people familiar with the matter.

TECH

Foxconn to buy US$390mil stake in Taiwan telecom operator in 4G push

Apple Inc supplier Foxconn Technology Group will buy a stake in Taiwanese mobile telecoms operator Asia Pacific Telecom for T$11.6bil (RM1.23bil) in a deal that would expand its presence in Taiwan's fledgling 4G telecoms market.

TECH

Qualcomm may become Sharp's biggest shareholder: sources

Qualcomm's move could potentially give the struggling Japanese TV maker the backing of a big chipmaker.

TECH

Goldman Sachs limits Facebook private offering

b>NEW YORK/b>: Goldman Sachs Group Inc has prohibited US investors from participating in a private offering expected to raise up to US$1.5bil (RM4.8bil) for social networking site Facebook, citing widespread media coverage that could run afoul of securities guidelines.