During a visit with U.S. tech leaders, Chinese President Xi Jinping emphasized cooperation between Chinese and U.S. technology sectors, and highlighted opportunities for U.S. commercial relations in light of China’s “relatively high” growth over a long period of time. Although recent research has tied Chinese hacks to a military unit there, Xi protested that both countries are victim of cybertheft and all hackers are subject to international law. He vowed to ease issues creating friction between the two countries. Continue reading China President Seeks Commercial Ties with U.S. Tech Firms

For the first time, Apple’s iOS mobile operating system was targeted with a large-scale malware attack, infecting several popular Chinese apps and exposing vulnerability in Apple’s mobile platform. The origin of the hack was an unauthorized version of Apple’s developer tool kit, hosted on the Baidu Pan cloud, which was touted as taking much less time to download than the official toolkit, Xcode. An unknown number of apps were infected, but one Chinese security company, Qihoo 360 Technology, estimates 344. Continue reading Malware Attacks Apple iOS App Store, Infects Over 300 Apps

On October 5, the Apple Watch Hermès, priced between $1,000 and $1,500, will go on sale in Apple and Hermès stores in 14 countries including the U.S., China, France and Switzerland. The new watch is Apple’s first partnership with a luxury brand, and also the first time that Apple has permitted another brand’s components — in this case, signature watchbands, clasps and fonts — on one of its products. The Apple Watch Hermès was the most expensive new item at Apple’s recent new product introduction. Continue reading Apple Partners with Luxury Brand Hermès on New Smartwatch

Forty-five million small business use Facebook Pages, and the Silicon Valley company is now upgrading the app to make it easier for them to make money with the feature by reaching mobile users. The upgrade includes a tabbed mobile layout, so businesses can display storefront sections and let visitors shop for products or look at a list of services. The new Pages also makes it much easier for a user to contact the small business in question, with Call Now, Send Message and Contact Us graphics bigger, more prominent and colorful. Continue reading Facebook Builds Pages into Digital Mall for Small Businesses

Two years ago, venture investor Aileen Lee coined the term “unicorn” for what was then a fairly rare commodity: a startup company that investors valued at $1 billion. In the current market, at least 131 startups are valued at a total of $485 billion, says research firm CB Insights, making the designation “unicorn” — a mythical beast — less accurate. Apparently, unicorns not only exist, but only half of the current crop hail from their birthplace in Silicon Valley. And they now focus on a wide variety of industries. Continue reading Over 131 Startups Now Valued at $1 Billion, Says CB Insights

Since launching Apple Music on June 30, Apple reports 11 million users have signed up for a three-month trial to access 30 million songs. If they all become paying members, by October the Silicon Valley firm will have half the membership of leading music streamer, 10-year old Spotify. Apple is launching a comprehensive marketing campaign — with billboard, TV and radio ads — for the new streaming service. In the fall, it will roll out its Android version of Apple Music in beta. Continue reading Apple’s Plan to Dominate Streaming Music Off to a Good Start

The Chinese government stated it will place cybersecurity police units at the country’s major Internet companies and websites, to prevent fraud, other illegal activities and the amorphously phrased “spreading of rumors,” reports the state-owned Xinhua News Agency. The Internet in China is monopolized by three major companies: e-commerce site Alibaba, Tencent for gaming and messaging, and search engine Baidu. Neither Facebook nor Google operate in China; LinkedIn, which has agreed to China’s cybersecurity measures, does. Continue reading China Ratchets Up Internet Control with On-Site Cyber Police

Nokia has sold its Here digital mapping unit, a global competitor to Google Maps, to German automakers Audi, BMW Group and Daimler for $3 billion. Since the sale of its mobile phone unit to Microsoft for $7.6 billion last year, Nokia has been putting efforts into its telecom network infrastructure business, which supplies carriers like AT&T and China Mobile with communication equipment. The three German auto companies will use the mapping tech for autonomous driving plans, which they will license to other companies. Continue reading Nokia Sells Mapping Unit to German Carmakers for $3 Billion

President Obama recently signed an executive order, the National Strategic Computing Initiative (NSCI), with the intention of creating the first exaflop supercomputer. This computer would be about 30 times faster than today’s fastest machine, and would be geared toward the development of ongoing scientific and defense research projects. Although the supercomputer would be useful for a vary of governmental projects, many see this initiative as a response to China’s 33.86 petaflop Tianhe-2, now the fastest supercomputer in the world. Continue reading President Obama Signs Order for New Supercomputer Initiative

Comcast has turned to its theme park portfolio, which it acquired four years ago with its purchase of NBCUniversal, as a serious source of revenue. The company just committed to invest $1.6 billion to expand the Universal Studios Hollywood theme park in California — featuring a snow-capped Hogwarts Castle — and build a $3.25 billion theme park in Beijing, in partnership with Chinese companies, slated to open in 2019. Comcast invested $100 million for a new “Transformers” ride at Universal Orlando in 2013. Continue reading Comcast Commits to Theme Parks with Billions in Investment

Unnamed sources report that Microsoft has agreed to invest in Uber. Although details are not yet public, the company is expected to invest a significant portion of the upcoming $1 billion funding round that values Uber at around $51 billion. That new funding round — and the valuation — makes Uber one of the most highly valued private companies ever, along with startups such as Xiaomi, a Chinese electronics company valued at around $45 billion and Airbnb, valued at more than $24 billion. Continue reading Microsoft Reportedly Plans to Invest Significant Sum in Uber

Z Camera has introduced the E1 — a new 4K, micro four thirds (MFT) interchangeable-lens camera that is small enough to rival the GoPro line of action cams. The Chinese startup launched the E1 with a Kickstarter campaign that has so far generated more than $296,000 in pledges, well over its $42,000 goal. The E1 weighs more than twice the GoPro Hero4, but if equipped with a small enough lens, it can be attached to a drone like the DJI Phantom. The camera, now fully funded, will be produced in cooperation with Panasonic. Continue reading Startup Unveils Tiny 4K Camera with Interchangeable Lenses

In 2015, the FAA granted over 500 exemptions to farmers, railroads, security services and medical facilities that wanted to fly drones. Although FAA rules require all drones to have a human pilot and stay within the operator’s sight, it now plans to make exception to those rules. More drones are likely to fly as competitors come out with more, sometimes less expensive choices. The move also helps the U.S. catch up with drone use in Europe and Canada. Switzerland, for example, began trials of drone-delivered mail. Continue reading Over 500 FAA Exemptions in 2015 Open U.S. Skies to Drones

Netflix is ready to expand its original content beyond TV series to feature films. First, the service will release Cary Fukunaga’s “Beasts of No Nation” on October 16. The film will debut via Netflix and select U.S. theaters, which will make it eligible for industry awards. On December 11, Netflix will release “The Ridiculous Six,” the first of four Adam Sandler films it plans to distribute. And in Q1 2016, the sequel “Crouching Tiger, Hidden Dragon: The Green Legend” will be released globally on Netflix, theatrically in China and on IMAX. Continue reading Netflix Looking to Build its Brand with Original Feature Films

New language in China’s recently enacted national security law is generating major concern across the global technology industry. The rules call for a “national security review” of networking, tech products and services, and foreign investment. In addition, the rules call for crucial tech sectors to be made “secure and controllable,” which industry groups fear may suggest that back doors for allowing third-party access to systems would be necessary, perhaps even leading to the sharing of encryption keys or source code. Continue reading New Chinese Security Law Raises Concerns by Tech Industry