China’s Alipay has teamed up with U.S.-based Verifone to integrate its mobile app on Verifone payment terminals at merchants in Europe and North America, the latest such deal to reach Chinese consumers traveling abroad.
Alipay, which counts 450 million active users in China, is the top mobile payments player there. It is a unit of privately held ANT Financial, which is in turn an affiliate of publicly traded Chinese Internet giant Alibaba.com.
It has begun actively expanding outside Asia this year via partnerships with Western payment providers. Verifone terminals are used by most of the top 200 retailers in the United States, a spokesman said.
Instead of seeking to go head to head with major payments players outside its home market, Alipay targets the fast growing Chinese tourism market, which numbered 117 million travelers in 2014, according to the United Nations World Tourism Organization, and is forecast to double by 2020.
Through the Verifone deal announced on Monday, Alipay is targeting top-tier merchants across retail, luxury goods, health supplement and department stores.
Alipay and rival WeChat, a unit of Tencent,together make up 90 percent of the Chinese mobile payments market, with gross merchandise value estimated at more than $1 trillion last year, dwarfing other mobile payment systems around the world, according to iResearch China estimates.
Sabrina Peng, the president of Alipay International, said in a recent interview that her company’s ambition is to become a global payments provider over the next decade, with 60 percent of its transaction volume coming from outside China. “We are targeting 2 billion users in the next 10 years,” she said.
French payment terminal supplier Ingenico announced in August an expanded deal with Alipay to allow merchants across Europe to use Ingenico’s payment gateway to accept payments from Alipay users visiting the region.
The Alipay service is also being integrated into terminals from Concardis, a payments provider for merchants in German-speaking Europe.
Alipay has a similar deal with mobile payments start-up Zapper in Britain to allow Chinese tourists to use QR codes in more than 1,000 restaurants there.
A research analyst has forecast that the market in health related wearables will revolutionize the lives of people suffering from diabetes.
ABI Research said it estimates that by 2021, over nine million continuous glucose monitor (CGM) wearables will ship worldwide.
There are already half a billion people on the planet that suffer from diabetes, and wearable CGMs may really help people cope with the condition.
Ryan Harbison, a research analyst at ABI Research, said: “Wearable device manufacturers have integrated the new, non invasive CHMs and insulin pumps with cloud services, analytic tools, and predictive software to provide new types of pattern analysis in near real time.”
The diabetic testing market will be worth $17 billion in 2021, a rise from $12 billion this year. And Harbison predicts that CGM revenues will grow at a compound annual growth rate (CAGR) of 41 percent over the same period.
New players will challenge giants like Bayer and Johnson & Johnson, he added.
“Medtronic has a substantial advantage with its MiniMed CGM system, Abbott focuses on the European market, and Dexcom innovates on existing CGM devices to create all-in-one experiences through mobile integrations.Glucose meter manufacturers, such as Johnson & Johnson and Roche Diagnostics, can further disrupt this market by developing new form factors, such as contact lenses and skin patches, to create less invasive and more accurate monitoring devices.”
The company announced on Thursday that its quarterly revenue for the three-month period ending in September was flat overall at $20.5 billion. The company’s net profit was down 4 percent year-over-year from $4.9 billion to $4.7 billion.
Those results were driven by quarterly revenue from the company’s Intelligent Cloud segment, which includes Azure and Windows Server, and its Productivity and Business Processes segment, which includes Office 365 and Dynamics. Intelligent Cloud revenue grew 8 percent year-over-year to $6.4 billion, while Productivity and Business Processes segment revenue grew 6 percent to $6.7 billion.
It’s another positive sign for the cloud-focused strategy that the company adopted under the leadership of CEO Satya Nadella.
Azure revenue grew by 116 percent year over year, and Microsoft revealed for the first time that its profit margin from its cloud platform is 49 percent. The company continues to keep the exact revenue and profit numbers from its public cloud platform under wraps, however.
Office 365 commercial revenue grew 51 percent year-over-year. Microsoft reported it now has more than 85 million commercial monthly active users of its cloud-based productivity suite as a service offering.
Surface sales were another bright spot for Microsoft. The company’s line of tablets and laptops brought in $926 million over the past quarter, compared to $672 million during the same period in 2015. Phone revenue continued to drag the company down for another quarter, however — revenue from that division dropped by 72 percent year-over-year.
Microsoft’s non-GAAP results of $22.3 billion in revenue and earnings of $0.76 a share blew past analyst expectations for the quarter. The consensus of analysts polled by Thomson Reuters was an expected $21.7 billion in revenue and earnings of $0.68 a share. Investors rejoiced at the news, sending the company’s stock to an all-time high above $60 per share, beating a previous high set in 1999.
Target has installed 147 megawatts (million watts or MW) of solar capacity on 300 stores, according to the 2016 Solar Means Business Report from the Solar Energy Industries Association (SEIA).
“We’re incredibly proud of the progress we’ve made in improving building efficiencies and reducing environmental impact. Our commitment to installing solar panels on 500 stores and distribution centers by 2020 is evidence of that progress,” John Leisen, vice president of property management at Target, said in the SEIA statement.
Walmart had held the top spot for the previous four years and still claims second place with 145MW of solar power installed on 364 buildings, according to the SEIA, which has been tracking corporate solar deployments for the past five years.
This year, real estate developer Prologis came in third with 107.8MW of solar. Apple, which is in fourth place with 93.9MW of installed solar power, is a likely contender for first place sometime next year.
Last year, Apple announced it was investing $850 million in a solar power plant through a partnership with First Solar, one of the nation’s largest photovoltaic (PV) manufacturers and provider of utility-scale PV plants.
Through a 25-year purchasing agreement, Apple will get 130MW from the new California Flats Solar Project. The project is currently under construction and is expected to be completed by the end of this year.
Other Top 10 companies recognized in the SEIA’s report include Costco (50.7 MW), Kohl’s (50.2 MW), IKEA (44 MW), Macy’s (38.9 MW), General Growth Properties (30.2 MW) and Hartz Mountain Industries (22.7 MW).
Tesla Motors Inc has plans to introduce a ride share services program and will announce details next year, the luxury electric vehicle maker said on its website, a service first outlined by Chief Executive Elon Musk in his master plan in July.
News of the Tesla Network was in a disclaimer about the self-driving functionality on new Model S vehicles. Musk said last week Tesla is building new vehicles with the necessary hardware to eventually enable full autonomy, although the software is not yet ready.
“Please note that using a self-driving Tesla for car sharing and ride hailing for friends and family is fine, but doing so for revenue purposes will only be permissible on the Tesla Network, details of which will be released next year,” read the disclaimer.
Tesla did not immediately respond to a request for more detail.
Car makers have rushed to invest in so-called mobility services, hoping to capture the potential trillions of dollars in revenue from selling both vehicles and such on-demand services, while carving out a stake in the industry dominated by Uber.
Barclays analyst Brian Johnson wrote in a note to investors on Thursday that although a Tesla Network could “excite the market” over its potential earnings stream, it was a costly proposition.
“While we think ride-sharing/hailing is the future of mass-market mobility, we have some financial concerns with the idea of an OEM-owned fleet,” Johnson wrote.
Venture capitalists and corporate investors had poured nearly $28 billion into the ride services sector in the past decade as of June, according to a Reuters analysis.
General Motors has made the biggest bet, investing $500 million in Lyft in January. GM’s upcoming electric Chevrolet Bolt was designed expressly with car sharing in mind, executives have told Reuters.
Money-losing Tesla lacks the deep pockets of GM, and ride services companies like Uber and Lyft burn billions of dollars in price wars to secure regional dominance, as occurred with Uber in China before it ceded to local rival Didi Chuxing.
In his “Master Plan, Part Deux” in July, Musk outlined a system in which a Tesla owner could add a car to a shared Tesla fleet using a phone app, allowing it to “generate income for you” and lower the cost of ownership.
Musk said that in cities where car ownership is lower, Tesla would operate its own fleet.
Troubled Japanese television manufacturer Sharp is expecting significant improvement in annual profit due to restructuring with its new owner Foxconn.
Shares in the outfit soared more than 10 percent after the Nikkei business daily reported that Sharp forecasts operating profit of about $385 million for the business year through March which was much better than expected.
Meeting the forecast would mark the first operating profit in three years for Sharp, which is rebuilding under Taiwan’s Foxconn which bought two-thirds of the telly maker in August.
Sharp slashed about 6,000 jobs in the last financial year through early retirement and an operations overhaul including withdrawal from its money-losing North American TV set business.
Sharp said it expected profit to improve but revenue to fall. Its shares subsequently jumped nearly 11 percent to their highest price in about six months, far outperforming the benchmark Nikkei average share price index.
However the prospects of Sharp’s mainstay display panel business are not that hot. The global panel market is on the cusp of improvement as a production cutback resolved a supply glut.
But Sharp still has to find ways to compete with Chinese peers rapidly expanding capacity, and with South Korean makers far ahead in next-generation technology.
Sharp said it would provide a full-year earnings forecast on 1 November when it announces its second-quarter results.
Alphabet Inc’s Google unit and automakers express their dissatisfaction with California’s proposals to set new, mandatory rules for testing self-driving cars in the state, which industry officials said could hobble their efforts in the home to much of self-driving vehicle testing and development.
Automakers and Google raised a litany of concerns about California’s proposal at a hearing in Sacramento on Wednesday. They expressed opposition to the state proposal to require compliance with guidelines that federal regulators issued last month, but made voluntary.
They questioned why California would require a new autonomous vehicle data recorder and what data they would be required to test, and they objected to a proposal they said would force a 12-month delay between testing a vehicle and deploying it on public roads.
Automakers also questioned whether police should be able to get any self-driving data within 24 hours without seeking a warrant or subpoena.
California regulatory policy is important to automakers and technology companies because of its impact on operations in the state, and because the policies enacted in the most populous U.S. state often influence what other states and other countries do.
The proposed requirement that manufacturers generate a year of driverless testing data before applying for an operating permit drew objections from General Motors Co, Volkswagen AG, Honda Motor Co, Ford Motor Co, and Google.
The state’s approach “could greatly delay the benefits that self-driving vehicles can bring to safety and mobility for individuals,” said David Strickland, who heads the Self-Driving Coalition for Safer Streets that includes Google, Ford, Lyft, Uber Technologies Inc and Volvo Car Group.
Brian Soublet, deputy director of the California DMV, said Wednesday the department wants concrete suggestions to help improve its proposal. Soublet said the department will be considering potential changes over the next several months but he did not give a timetable for finalizing the rules.
“The goal is making sure that we can get this life-saving technology out on the streets,” Soublet said.
California’s proposal would allow for the absence of a human driver and a steering wheel in advanced self-driving cars. In December, California had proposed to require licensed drivers and controls in self-driving vehicles.
Ron Medford, director of safety for Google’s self-driving car project, said California’s proposal to require manufacturers to obtain local approval is “unworkable.” The rule could prevent manufacturers from testing a vehicle that can travel from one area to another.
Advocacy group Consumer Watchdog urged California to prohibit autonomous vehicles without a human driver until federal regulators enact enforceable standards.
The ever shrinking Biggish Blue posted better-than-expected third-quarter revenue thanks to its moves to the cloud and analytics businesses.
Since Ginni Rometty took over IBM, the outfit has attempted to shift toward more profitable areas, such as cloud services, artificial intelligence, analytics, and security. Meanwhile it has killed off its traditional hardware and services businesses.
Revenue from those areas, which the company calls “strategic imperatives,” rose 16 percent to $8 billion in the third quarter. Cloud revenue jumped 44 percent compared with a 30 percent rise in the second quarter, it said.
Curiously though, shareholders were not that impressed and were more concerned about the fact the company had reported its 18th straight quarter of declining revenue. Shares were down 3.1 percent at $150.60 in after-market trading.
IBM has made a string of acquisitions focused on elements of its strategic imperatives business, including The Weather Company and Truven Health, spending $5.45 billion so far this year. IBM spent $821 million on acquisitions in the same period last year.
IBM’s operating gross margin fell 2.1 percentage points to 48 percent in the quarter, as a result of higher investments in the company’s cloud business and the shift to a subscription-based as-a-service model.
The company’s revenue marginally fell to $19.23 billion in the quarter ended 30 September from $19.28 billion a year earlier, but beat the average analyst estimate of $19 billion. Net income fell to $2.85 billion from $2.95 billion.
In a bid to push its Polaris chip, AMD has launched several new VR projects.
On the list of cunning plans is a VR GPU certification, enhancements to its software/hardware platform and setting up a new VR supply chain. If this pans out, it should expand its presence in the VR market, and provide a rather nice channel for its Polaris GPUs.
Also included is a cunning plan to pushing VR Internet cafes in China. AMD has been assisting the development of Oculus Rift and HTC Vive as well as partnering with content providers to create applications for the gaming, entertainment, education, science, medical care and news sectors.
Other projects include AMD’s LiquidVR project which aims to help simplify and optimise VR content creation. It has started promoting its Radeon Pro technology solution to help VR content creators create movie-like VR content.
This is all about Polaris. The VR solution is based around AMD’s Polaris-based Radeon Pro WX 7100 GPU which is priced at $1,000. We will see it released at the end of 2016. Well, when we say we will see it, the day that I am allowed to spend $1000 on a GPU is the day I have won the lottery.
AMD is also marketing its Loom project to help partners create Ultra HD-standard VR movies. The open source project will also be released at the end of the year.
According to Piper Jaffray Companies, a recent survey of 10,000 U.S. teenagers showed that 52% used Facebook at least once a month this fall, compared to 60% who used it monthly in the spring.
“Factoring out shifts in the population surveyed, core Facebook usage likely declined by three basis points, which indicates Facebook is gradually becoming less relevant versus Instagram and Snapchat,” Piper Jaffray analyst Gene Munster wrote in a research note to investors.
The same survey, however, showed that teen use of Facebook-owned Instagram has gone from 70% to 74% in the same time frame — and rose from 75% to 80% for rival Snapchat.
When asked what their favorite social network was this fall, 35% said Snapchat; 24% said Instagram; and 13% said Twitter and Facebook (which tied for third place).
While older users – say anywhere from 35 to 65 years old – have shown to be loyal Facebook users, the site isn’t pulling in enough users 24 and younger to offset losses as older users die off.
“Well, think about it,” said Zeus Kerravala, an analyst with ZK Research. “If Facebook just lost 8% of all teens, that’s millions of users…. Over time, they need to keep the funnel of users coming in on the younger side. I think it creates a huge issue down the road. It’s not likely they can add users that are of older generations. They probably have all they will get from anyone 30 and older.”
Facebook certainly has been working to draw in younger users.
In August, Facebook unveiled its Lifestage stand-alone app. Designed for iOS devices, the app enables teen users to share videos with other people in their schools.
Lifestage was born as a rival to Snapchat and basically a video version of an early stage Facebook.
Also, in March, the company bought face-swapping app Masquerade or MSQRD. The app enables users to dress up their photos and selfies with an Iron Man helmet or a panda outfit.
Facebook hoped that by being able to add special effects to their pics, teens and young adults would be pulled onto Facebook — or at least one of the apps. But so far, at least, those efforts don’t appear to be panning out.
Singapore has signed an agreement to begin testing self-driving buses, as the city-state pushes ahead with its vision of using autonomous technology to help deal with the challenges posed by its limited land and labor.
Countries around the world are encouraging the development of such technologies, and high-density Singapore is hoping driverless vehicles will prompt its residents to use more shared vehicles and public transport.
“They say big dreams start small, so we are collaborating with NTU (Nanyang Technological University) on an autonomous bus trial, starting with two electric hybrid buses,” Singapore’s transport regulator said in a Facebook post.
The Land Transport Authority hopes eventually to outfit existing buses with sensors and develop a self-driving system that can effectively navigate Singapore’s traffic and climate conditions.
It did not specify when the trial would start.
Earlier this week, Singapore said it would seek information from the industry and research institutes on the potential use of self-driving vehicles for street cleaning and refuse collection.
Self-driving vehicles are also being tested in another western Singapore district, where a driverless car collided with a truck on Tuesday when changing lanes. Developer nuTonomy, which started trials of the world’s first robo-taxis in August, said it was investigating the accident.
Word on the street is that they will have a 50-percent improvement in performance per watt, which seems a bit high. These are the beasties you will find in the RX 480 and RX 460 which were already praised for their high performance with low power draw.
It could mean that an embedded Polaris 11 card which had a 75w draw will go to 50w and get a 0.35 Tflop increase in raw performance.
This should bring about a range of mid-generation GPUs with refreshed internals that make them far more capable.
Polaris 10 found in the RX 480 will get 5.8 Teraflops performance need less than 95 watts.
They should be out under RX 4XX branding in a few months but it will mean that the mid-range laptops that have them will have much longer battery life.
While the specs are pretty good, Vega will clean their clock so it is probably better to wait.
The new Trojan is called TrickBot and first appeared in September, targeting users of banks in Australia. After a closer analysis, researchers from Fidelis Cybersecurity believe that it is a rewrite of the Dyre Trojan that plagued online banking users for more than a year until the gang behind it was dismantled by Russian authorities.
While TrickBot is still a work in progress and doesn’t have all of Dyre’s features, there are enough similarities in their components to suggest that at the very least, one served as inspiration for the other. At the same time, there are also significant differences in how some functions have been implemented in the new Trojan, which also has more C++ code than its predecessor.
This leads the Fidelis researchers to conclude that TrickBot is a reimplementation of Dyre rather than a continuation of the older project.
“It is our assessment with strong confidence that there is a clear link between Dyre and TrickBot but that there is considerable new development that has been invested into TrickBot,” the researchers said in a blog post. “With moderate confidence, we assess that one or more of the original developers of Dyre are involved with TrickBot.”
Dyre, which stole tens of millions of dollars from customers of more than 1,000 banks, financial institutions and other organizations worldwide, disappeared almost overnight in November last year.
It remains to be seen if this new Trojan will reach or even surpass the previous size of the Dyre operation. According to the Fidelis researchers, the TrickBot gang is also trying to rebuild the Cutwail spam botnet which was previously used to distribute Dyre.
Online banking Trojans are designed to inject malicious code into financial websites when displayed locally in browsers on infected computers. The rogue code can hijack transactions in the background or ask users for sensitive information, like payment card details which can then be used for fraud.
Users should run an up-to-date antivirus program and if able, should perform online banking transactions from a separate dedicated computer, an OS running from a live CD or from a virtual machine.
The X50 modem won’t ship until the first half of 2018, and 5G networks aren’t expected to go commercial until 2020. But Qualcomm will have a lot to say about the new technology at its 4G/5G Summit in Hong Kong. At the same event, it’s announcing plans around its gigabit-speed X16 LTE modem.
The X50 will offer download speeds as high as 5Gbps (bits per second), where networks support them, using millimeter-wave frequencies and futuristic techniques for beaming signals to devices, according to slides prepared for the 4G/5G Summit. Qualcomm shared the materials in advance.
The X50 initially will use the 28GHz band, which is also the focus of 5G development work at the Verizon 5G Technology Forum and Korea Telecom 5G Special Interest Group. It’s one of several millimeter-wave bands that are widely expected to be used for 5G.
Cellular networks up to now have stayed below 6GHz, because higher frequencies don’t naturally travel as far or go through objects as easily. But a lot more bandwidth is expected to become available in millimeter-wave bands in the coming years. Qualcomm says the X50 will be able to use a combined 800MHz of spectrum, compared with up to 80MHz for the X16.
The future modem will use several emerging techniques to make this work. Key tools are beam-forming and beam-tracking, in which a cell can focus its signal to reach a specific mobile device and then follow that device as it moves around. The X50 will even be able to bounce its signal off hard surfaces in order to get around objects between the cell and the user.
Qualcomm expects the X50 modem to ship to system makers in sample quantities starting in the second half of next year. Combined with a gigabit-speed LTE modem, the X50 will form the basis of dual-mode 4G/5G devices. LTE and 5G are expected to coexist for many years.
Meanwhile, the X16 LTE modem will be coming out in a consumer device in the next few months. The NetGear Mobile Router MR1100, a mobile hotspot that provides a Wi-Fi connection on the go, will be sold by Australian carrier Telstra, Qualcomm announced Tuesday.
Netflix Inc added over 50 percent more subscribers than expected in the third quarter as original shows such as “Stranger Things” attracted new international viewers and kept U.S. customers despite a price hike.
The company’s performance represented a turnaround from the previous quarter of disappointing subscription growth. Netflix, which has spent heavily to expand outside its home market, also said that it was on track to start harvesting “material global profits” next year, even as it raised spending on original programming.
Netflix added about 3.20 million subscribers internationally in the third quarter, higher than the 2.01 million average analyst estimate.
In the United States, Netflix added 370,000 subscriptions, compared with analysts’ estimate of 309,000, according to research firm FactSet StreetAccount.
“Investors appear laser focused on subscriber growth, and so long as Netflix delivers on that metric, investors will bid its shares up,” said Wedbush Securities analyst Michael Pachter. However, Pachter said he thought the continuing cost of developing new shows would undermine plans to deliver material profits in 2017.
Netflix has expanded into more than 130 markets worldwide, including most major countries, except China. It said on Monday it was dropping plans to launch a service in China in the near term, opting instead to license its shows for “modest” revenue.
The company said it still hopes to launch service in China “eventually.”
In the meantime, Netflix plans to keep pouring money into building its stable of original and licensed TV shows and movies. Content spending will rise to $6 billion next year, a $1 billion increase from 2016, the company said.”We will keep investing in growing the content spend, even domestically, for quite a long time,” Chief Executive Reed Hastings said on webcast.
Netflix has been facing a slowdown in subscription growth in the United States as the market matures and a planned U.S. price hike raised concerns it would not hit its targets. It also faces competition from the likes of Hulu and Amazon.com Inc.
But the company, whose other popular original shows include “Orange is the New Black” and “House of Cards”, said it expects to add 1.45 million subscribers in the United States in the current quarter.
Analysts on average were expecting 1.27 million additions, according to research firm FactSet StreetAccount.