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  • August 23, 2014
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  1. Business - Companies

    Panasonic to halve chip business workforce: reports

    Posted Oct 24th 2013, 12:36pm by Agence France-Presse in Tokyo

    ... Panasonic’s money-losing semi-conductor business could also see it sell off some chip manufacturing plants, the leading Nikkei business daily said, without citing sources. Panasonic, which has chip ... earnings to offset the impact, it added. The struggling company – recovering from combined losses topping US$15 billion in the past two fiscal years – has started talks to sell some overseas plants ...

  2. Business - Companies - Google

    Google shares soar past US$1,000 on strong earnings

    Posted Oct 19th 2013, 03:25pm by Agence France-Presse in New York

    ... third-quarter net profit to US$2.97 billion, or US$8.75 a share. Revenues also beat forecasts with a 12 per cent jump year-on-year. Analysts said it was doing well in all areas of business, and had ... titan Google soared more than 13 per cent on Friday to pass the US$1,000 mark for the first time after a strong earnings report. The earnings demonstrated Google was smoothly building its ...

  3. Sohu pushes expansion of games business after 48pc profit surge

    Posted Apr 26th 2011, 12:00am

    ... Bien Perez Sohu.com, which posted better than expected earnings in the first quarter, aims to accelerate expansion of the online games business run by subsidiary Changyou.com with a strategic US$100 million acquisition on the mainland. The Beijing-based internet firm yesterday reported a 48 per cent rise in net profit for the quarter to March to US$44.8 million, from US ...

  4. News - World - TECHNOLOGY

    US internet rules will restrict data collection on young users

    Posted Dec 30th 2012, 12:00am by McClatchy Tribune

    ... McClatchy Tribune in Washington New regulations restrict information apps can collect from children, but critics say they will stifle innovation and increase costs for consumers U.S. rules ... and put app developers and websites out of business. "We suspect this will dramatically diminish the number and kind of new education tools which are built for kids," said Tim Sparapani, ...

  5. Facebook's US$100b assets? It's us

    Posted Feb 26th 2012, 12:00am

    ... Tom Yam Is Facebook taking over the world? You would think so with all the hoopla over its upcoming IPO, its estimated market value of US$100 billion- a record high for any company going public- its 850 million users, its meteoric success in less than a decade. But does Facebook offer a sustainable business based on true technological innovation, or will it turn out to be a flash ...

  6. Business software giant plans China expansion

    Posted Jun 11th 2012, 12:00am

    ... Bien Perez bien.perez@scmp.com NetSuite, an online seller of business-automation software controlled by technology mogul Larry Ellison, plans to step up its expansion into China through ... is the world's top cloud computing-based supplier of enterprise resource planning (ERP) software to companies. The firm is listed in New York and posted record revenue of US$263.2 million last year. ...

  7. Business - Money - TECHNOLOGY

    China's LCD maker BOE plans US$7.5b offering to expand production

    Posted Jul 25th 2013, 07:11pm by Reuters

    ... The Shenzhen-listed company, with a market capitalisation of US$5.1 billion (HK$38.56 billion), will offer 9.5 to 22.4 billion shares with an issue price of 2.10 yuan per share in a private placement. ...

  8. Lax social media policies costing business millions

    Posted Jul 31st 2011, 12:00am

    ... on the mainland. It found that, on average, each company had experienced nine social media incidents in the past 12 months, costing each company an average US$4.3 million. This figure included revenue ... was reportedly stolen. 'Compared to the US, Hong Kong is definitely behind,' Li said, but security levels varied. 'For multinationals in Hong Kong like Citibank and JPMorgan, they are good ...

  9. Group-buying websites going out of business

    Posted Oct 14th 2011, 12:00am

    ... website navigation, said more than 300 closed in August, while statistics from another group-buying aggregator, lingtuan.com, showed another 419 went out of business last month. It said 5,700 ... it said. The sector's woes go some way towards fulfilling a gloomy prediction made by an information technology veteran a year ago, when many mainland copycats of the US online shopping ...

  10. Era of 'Big Data' spells big business for SAS

    Posted Sep 05th 2011, 12:00am

    ... is the world's leading supplier of business analytics software, with revenue of US$2.43 billion last year and more than 50,000 customers in 126 countries. It set up business on the mainland in 1989. ... Bien Perez bien.perez@scmp.com Business analytics giant SAS is betting on steady adoption of its technology on the mainland, as the country's biggest companies sift through massive ...




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