Wed, 29/10/14 – 12:23 | No Comment

Reddit isn’t just a social sharing and commentary site anymore. Now, with the release of Redditmade, it’s a crowd-sourced funding site as well. Interestingly, Redditmade works as a sort of mashup of Reddit and traditional …

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Xiaomi postpones expansion plans
Fri, 28/11/14 – 4:08 | No Comment

The world’s third biggest smartphone maker, Xiaomi Corp, is postponing plans to expand into five countries as it shifts its focus to boosting production.

According to Hugo Barra, vice president in charge of global operations, Xiaomi and electronics manufacturer Foxconn Technology Group are discussing producing phones in Brazil and India. He added that the company might also consider producing phones in Indonesia.

Barra explained that the company’s focus is to add one market at a time. “Earlier this year, we talked about wanting to be in 10 markets within [the year]. We realised that if we are to stay sharply focused, we can’t do that, so we scaled back.”

Lei Jun, Xiaomi’s founder and chief executive, pushed the four-year-old company beyond its home turf this year to Singapore, India, Indonesia, Malaysia and the Philippines. This growth helped the company jump past other mainland phone makers to trail only Samsung and Apple.

Meanwhile, entering markets such as Russia, Thailand, Brazil, Turkey and Mexico will have to wait for next year.

“They should be sure they have solid plans for the markets they do enter,” stated Gartner’s Shanghai-based analyst, Sandy Shen.

“If time can buy them good performance in even fewer markets, that still makes sense.”

Xiaomi does not have the manufacturing capacity to produce its own phones. Instead, it depends on contract manufacturers such as Inventec Corp and Foxconn’s FIH Mobile.

Although the company pushed back expansion plans in some markets, India will be a focus for the following years to come, said Barra.

Xiaomi has sold over half a million low-cost phones in India since the company expanded there in July.


Pre-Thanksgiving sales up 18.7 per cent
Fri, 28/11/14 – 4:06 | No Comment

IBM Digital Analytics Benchmark data showed that online sales rose 18.7 per cent this past weekend over a similar period last year as a number of retailers, including Target, Walmart, Staples, Amazon, Sears, Lowe’s and several others, launched pre-Black Friday sales.

Ms. Kong 3-D Endless Runner Coming Soon
Wed, 26/11/14 – 0:05 | No Comment

Remember Donkey Kong? How about Donkey Kong 3D? Well, now there’s Ms. Kong and she’s being rendered in lavish three dimensions on your smart phone or tablet. This endless runner game is much like the …

Snapchat unveils partnership with Square
Fri, 21/11/14 – 7:14 | No Comment

Mobile messaging firm Snapchat unveiled a new service that allows users to send money to each other.
Snapcash is the result of collaboration with Square, an online payment firm that also offers a stand-alone friend-to-friend payment …

Samsung considers reducing smartphone models next year
Fri, 21/11/14 – 7:12 | No Comment

Samsung’s head of investor relations, Robert Yi, said during a New York presentation that the company plans to cut the number of smartphone models it produces next year by about 25 to 30 per cent.
The …

TRUSTe settles FTC charges of deceit for Privacy Seal program
Mon, 17/11/14 – 22:43 | No Comment

TRUSTe, Inc., one of the largest providers of privacy certifications for online businesses, has agreed to settle a Federal Trade Commission suit alleging that they deceived consumers about their recertification program for privacy practices on …

Alibaba Singles’ Day sales hit $9.3b
Fri, 14/11/14 – 8:58 | No Comment

E-commerce giant Alibaba saw total sales on Singles’ Day hit a new record of $9.3 billion.

Home decor emerged as a popular product category, with the company selling more than 1.2 million big home appliances and more than three million light products.

Samsung to build second smartphone factory in Vietnam
Fri, 14/11/14 – 8:01 | No Comment

Samsung Electronics plans to spend up to US$3 billion to build its second smartphone factory in Vietnam, revealed a government official.

The South Korean company wants to build the factory in the Thai Nguyen province, which is also home to its US$2 billion smartphone plant.

Obama Talks Net Neutrality, But Not Everyone Is On Board
Tue, 11/11/14 – 0:30 | No Comment

President Obama took a strong stance on net neutrality – the idea of keeping the Internet neutral and open – Monday in an open video statement on the subject. In about two minutes, the president …

35 per cent of Brits keen on drone delivery
Fri, 7/11/14 – 8:13 | No Comment

A significant proportion of UK adults believe that drone delivery could work for them, according to study by British freight company MetaPack.

UK Treasury seeks experts for Bitcoin debate
Fri, 7/11/14 – 8:03 | No Comment

In order to properly regulate cryptocurrencies, the UK Treasury plans to consult the general public, financial watchdogs, law enforcement agencies, members of the Bitcoin community, and financial technology companies.

Rite Aid and CVS block Apple Pay
Fri, 31/10/14 – 7:13 | No Comment

Rite Aid and CVS have joined some of the world’s biggest retailers in shunning the new Apple Pay system.

Earlier this month, Apple Pay was introduced to more than 220,000 stores, but retailers such as Best Buy, Target, 7-Eleven and Walmart were not among Apple’s long list of partners.

Allegedly AT&T misled clients with unlimited data
Fri, 31/10/14 – 7:07 | No Comment

The US Federal Trade Commission (FTC) has recently lodged a federal lawsuit against AT&T for misleading customers regarding the telco’s Unlimited Data Plans, according to The New York Times.