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August, 28, 2016

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Business > Company Focus
Disney said Tuesday that it has invested US$1 billion in the BAMTech video streaming service, Major League Baseball's direct-to-consumer broadcast company, as it positions itself in the fast-changing media industry.
 
U.S.-based Intel on Tuesday announced a deal to buy an artificial intelligence startup as the computer chip colossus looks to broaden its role in data centers and the expanding internet of things.
 
Russian gas giant Gazprom on Wednesday announced a five percent fall in net profits in the first quarter of this year, as lower gas prices meant it failed to cover growing expenses.
 
Hon Hai subsidiary unveils Taiwan's first IoT alliance
Hon Hai Group subsidiary Asia Pacific Telecom (亞太電信) announced the formation of Taiwan's first internet of things (IoT) alliance on Tuesday.
 
Pokemon merchandise sales more than triple since release
Hit mobile game Pokemon Go has rocketed to the top of app downloads on both Google Play and iOS, while sales of Pokemon merchandise more than tripled in the first two days of the game's release.
 
The fractious relationship between Uber Taiwan and taxi drivers worsened on Tuesday, as the Economics Ministry said its disinvestment order for Uber would only take effect if the company refused to abide by local regulations.
 
Wal-Mart is buying fast-growing online retailer Jet.com for US$3 billion in cash plus US$300 million in stock, scooping up a newcomer that launched a year ago with the intention of challenging online leader Amazon.
 
Taiwan-based smartphone brand HTC Corp. (宏達電) has extended its global reach in virtual reality development by launching the HTC Vive, the company's first VR headset, in the Saudi Arabian market, according to tech website Telecompaper.
 
TransAsia Airways on Tuesday confirmed that low-fare subsidiary V Air will be integrated into its parent company, as local budget airlines struggle to turn a profit in an increasingly competitive market.
 
Barclays Bank has agreed to pay US$100 million to 43 states and the District of Columbia to settle allegations it improperly set key interest rates almost a decade ago, affecting payments on investments.
 
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