According to a report released earlier this month by Shanghai-based Interface News, China’s two leading online commerce platform, Taobao and AliBaba, together sell more than 300,000 virtual reality headsets every month, with lower-cost headsets…
Alibaba, Taobao selling 300,000 VR headsets a month Read More »
The Terracotta commercial VPN, marketed in China under a number of different brand names, uses hacked servers to power its network and the network has become popular with advanced persistent threat groups, according to research released today by RSA Security.
Terracotta VPN hijacks servers for commercial gain Read More »
China-based OnePlus, known for their OnePlus One smartphone, is launching their OnePlus 2 smartphone next month in virtual reality. “You’re going to want to experience it, and to help you out, we are releasing our very own…
Phonemaker OnePlus to launch next phone virtually Read More »
Netherlands-based Manus Machina demonstrated a new virtual reality glove aimed at consumers at the E3 conference last week. The gloves connect wirelessly via Bluetooth to virtual reality headsets. “There are currently no other VR gloves…
Manus shows off consumer VR glove at E3 Read More »
Scientists at China’s University of Science and Technology of China and the Microsoft Research in Beijing have built a deep learning machine that outperforms an average human on the verbal analogies portion of the IQ test — normally…
Chinese computer beats human in IQ test Read More »
Near Field Communication (NFC) will enable contactless mobile payments at the register An emerging technology called Near Field Communication will soon give new meaning to the phrase “tapped out.” Once NFC systems become widespread, which could happen as soon as next year, consumers will be able to pay for purchases at the checkout counter by […]
Hold the phone: retailers eye payments via smartphone Read More »
Singapore’s Infocomm Development Authority has put together an industry group to develop a system under which consumers may pay for taxi fares and small purchases with their mobile phones. The system will be in place by mid-2012 at 20,000 retail locations and taxis and will cost a total of S$40 million (US$32 million or 23
Singapore To Deploy National NFC Mobile-Payments Platform Read More »
The Commonwealth Bank of Australia on Oct. 26 unveiled a mobile-payment platform to enable iPhone-owning customers to do online banking, instantly send funds to Facebook friends or to anyone’s email address or telephone number, and, with the use of a special cover, make contactless payments. The service, called Commbank Kaching, will be available for download
Australia’s Commonwealth Bank Unveils Mobile-Payment Platform Read More »
China’s new multifunction contactless social security card will support yuan-denominated cash withdrawals, funds transfers and other consumer-oriented banking applications, government officials told reporters at a press conference Aug. 30. However, it will not support a credit card function, officials said, not explaining why. Earlier this month, China’s Ministry of Human Resources and Social Security announced
New Chinese Social Security Card To Include Payment, Banking Applications Read More »
Financial institutions in India by 2014 will issue a combined 28 million credit cards, which would represent a 13% increase from the 24.7 million cards they issued as of March 30 this year, according to a new research report released Dec. 13.
Indian Credit Card Market Predicted To Reach 28 Million Cards By 2014 Read More »
My business partner Fons Tuinstra and I were interviewed today by David Iwinski of American Entrepreneur Radio on his The International Capitalist best two-way radio show. Iwinski was great to talk to — and the guy is an international entrepreneur himself and really knows his stuff. He’s the managing director of Jin Fu Consulting, a
Maria and Fons on the radio Read More »
As Asia’s dynamic markets demand risk management attention and expertise, financial firms rush to fill a talent gap, with particular urgency in China. Three years ago, when Yang Haitao, an experienced financial risk manager, moved to Shanghai to join Nanyang Commercial Bank (China), he knew it was going to be more than a routine job
The Great Risk Race Read More »
Another one of our clients — a Wall Street newspaper — shut down publication this month. A couple of staffers were reassigned, the rest laid-off. We lost our anchor client, the client we launched our company with. In the journalism community, it’s common to hear that the problem is with our readers, that they’ve gotten
Free content isn’t killing journalism Read More »
Over the past few years, my company has become very dependent on DabbleDB, an online relational database run by a Canadian startup — since sold to Twitter. We run our workflow systems, our accounting and billing, our recruiting, and our customer relationship management on DabbleDB. We use it as a back-end database for the China
Two paths from DabbleDB Read More »
I do not, normally, consider myself a low-energy person — I am, after all, running two companies (Trombly International and the China Speakers Bureau) and starting a third (Hyperica). But I do notice that my energy flags at certain times — such as when I’m in Moscow. And I’m full of energy in other locations,
Working in the sun Read More »
