Beijing’s public transport system gets an app for paying fares — but Apple isn’t invited

 Apple continues to be locked out of China’s massive mobile payments space. The latest reminder came this week when Beijing’s transportation system opened up to smartphone payments… via an Android app. Already Tencent’s WeChat Pay and Alibaba’s Alipay services dominate China’s mobile payment space, which is estimated to have processed $3 trillion last year,… Read More

Asos adds search-by-photo to its fashion ecommerce app

 Computer vision continues to find its way into all sorts of apps as the underlying tech powering convenience-oriented image searches. Latest — and it must be said late — to the party is fashion ecommerce player Asos, which has just added a visual search feature to its iOS app.  Read More

Here’s an early look at the Samsung Galaxy Note 8

 We’re just weeks away from Samsung’s next major launch event on August 23, and already we have a full visual of the device it is expected to unveil — the Galaxy Note 8. That’s courtesy of prolific smartphone leaker Evan Blass — who correctly detailed Samsung’s Galaxy S8 before it was announced earlier this year — and a couple of photos of the… Read More

Xiaomi secures $1B loan to expand its international presence and offline retail footprint

 Chinese smartphone maker Xiaomi has secured a $1 billion loan in order to develop its international focus and build out its offline sales presence. The company revealed today that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint global coordinator, with Bank… Read More

LG says its flagship G6 smartphone isn’t selling as well as expected

 LG’s mobile business is in a sticky patch after the company admitted its flagship LG G6 smartphone hasn’t sold as well as expected. LG Electronics itself posted a business-wide operating income of KRW 664.1 billion (USD 588.2 million) on overall revenue KRW 14.55 trillion (USD 12.89 billion). While LG’s operating income rose by 14 percent year-on-year to outpace a four… Read More