Author: Karen Wallace

New Flagship SUV From Audi Reveiled

New Flagship SUV From Audi Reveiled

The new Audi SQ8 breaks cover! It is the new flagship SUV from Audi and it gets a massive 4.0-liter V8 turbo-diesel engine with a 48-volt mild-hybrid technology. The V8 pumps out a mind-boggling 900 Nm of peak torque. The SUV gets an 8-speed automatic gearbox. Audi hasn’t revealed the power […]

South Korean love hotels business booming and expanding

South Korean love hotels business booming and expanding

Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion from investors keen to capitalise on the globalisation of a novel approach to short-stay accommodation, its chief executive told Reuters. The budget hotel and online booking platform operator reached the valuation having […]

IMF head warns fintech could disrupt world’s financial system

IMF head warns fintech could disrupt world’s financial system

International Monetary Fund (IMF) Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world’s financial system. The rapid development of financial technology (fintech) has increased access to cheap payment and settlement systems […]

Telegram update adds location-based chats

Telegram update adds location-based chats

What not as popular in the U.S. as it is overseas, the Telegram messaging app offers end-to-end encryption and no limits on the number of people you can chat with or broadcast to at one time. It’s no wonder that protesters of all types outside of the states love to […]

Grab explores digital-only banking licence in Singapore

Grab explores digital-only banking licence in Singapore

Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online-only banks, four people with knowledge of the process said. Grab is close to hiring a consultancy to advise it on its banking potential and is gearing up […]

Oriental Watch profit steady despite sales drop

Oriental Watch profit steady despite sales drop

Oriental Watch’s sales fell by 15.7 percent last year – but the company’s bottom line was only minimally affected, in part due to reduced rents. The Hong Kong-listed retailer says that while the number of mainland visitors to the territory recovered last calendar year, the China-US trade dispute had brought […]

Battle for HK Retail Customers Begins as HSBC Scraps Fee

Battle for HK Retail Customers Begins as HSBC Scraps Fee

As banks in Hong Kong brace for fierce competition from virtual banks, HSBC on Wednesday said it is scrapping minimum balance fees and associated charges. HSBC announced on Wednesday that it will scrap the minimum balance fee that applies to its 3 million customers in Hong Kong. From August 1, it will be the […]

Ooredoo Myanmar and friends launch digital literacy campaign

Ooredoo Myanmar and friends launch digital literacy campaign

Ooredoo Myanmar, Facebook and the GSMA have jointly launched a digital literacy campaign to raise awareness and increase adoption of mobile internet in Myanmar. The “Internet 1O1” (Internet One on One) campaign aims to inform and educate first time and new internet users, through one-on-one training at Ooredoo retail points […]

Vietnam’s Vingroup new factory to produce 125m smartphones

Vietnam’s Vingroup new factory to produce 125m smartphones

Vingroup JSC, Vietnam’s biggest listed firm by market value, said on Monday it has started work on a second smartphone factory with a capacity to produce 125 million units a year. The new factory in the capital, Hanoi, will vastly increase Vingroup’s current capacity of five million units at its […]

Vietnamese e-commerce platform Tiki set to raise US$100 million

Vietnamese e-commerce platform Tiki set to raise US$100 million

Vietnamese e-commerce platform Tiki is raising another US$100 million from a Northstar Group-led funding round. The deal, was initially aiming for $75 million, but has been scaled up with support from Tiki’s current Korean backers, and may pull in as much as $150 million if certain KPIs are met. Tiki, which […]

Tencent launches first overseas video streaming in Thailand

Tencent launches first overseas video streaming in Thailand

Chinese tech giant Tencent Holdings Ltd launched its first overseas video streaming service in Thailand on Friday, as it ramps up its presence outside China. Tencent is diversifying from its core Chinese gaming business, which has been beset by regulatory problems, pushing revenue growth to its slowest-ever in the first […]

Swift Calls for Collaboration on Cross-Border Payments

Swift Calls for Collaboration on Cross-Border Payments

Cross-border payments challenges should not be solved with closed loop systems, global payments network Swift said in a call to the payments community, including market infrastructures, banks and fintechs. Its white paper, Payments: Looking to the Future,» lays out the financial services firm’s vision of cross-border payments as one that is […]

BMW X7 And BMW 7 Series Facelift Launch Date Revealed

BMW X7 And BMW 7 Series Facelift Launch Date Revealed

BMW has announced that it will be launching the new 7 Series facelift and the all-new X7 SUV in India on July 25, 2019. Talking about the new 7 Series facelift, the most apparent of all the design changes is the massive kidney grille which is 40 percent larger than […]