Ecommerce 

Why more of China’s digital-savvy youth are falling victim to online fraud

It’s one of the oldest scams in the book – a caller says your son or daughter is in trouble and asks for money to be transferred to an unfamiliar bank account. The surprise is that many people, usually the elderly, still fall for this age-old trick.But a bigger surprise may be that the racket is getting a Gen Z makeover, and young people are also falling for it. The accomplices: easy one-touch mobile payment transfers and the fact that most Gen Z, the digital natives who prefer online chats…

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Singapore 

2 million more Bicentennial $20 notes available for exchange: Apply online from Sept 16, Singapore News

SINGAPORE – Members of the public can apply online for the Singapore Bicentennial $20 commemorative note from Monday (Sept 16) until Oct 13. The Monetary Authority of Singapore (MAS) announced on Monday that it is launching the online application service for two million more pieces of the note. The application, at go.gov.sg/mas, is open to Singapore citizens and permanent residents. Each applicant can apply for up to 10 notes. Successful applicants will be notified by Nov 3. They can exchange the notes at face value from early November. Applicants can obtain…

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Singapore 

Article by The Online Citizen has ‘gravely injured’ PM Lee’s reputation, say his lawyers, Singapore News

SINGAPORE – An article published by The Online Citizen (TOC) on Aug 15 has “gravely injured” the character and reputation of Prime Minister Lee Hsien Loong, his lawyers said in court documents. PM Lee is suing TOC chief editor Terry Xu for defamation over the article and a Facebook post, which his lawyers said contained “false and baseless” allegations, including that the PM had misled his father, the late Mr Lee Kuan Yew, into thinking their Oxley Road home had been gazetted by the Government. Lawyers from Davinder Singh Chambers…

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Singapore 

PM Lee Hsien Loong sues TOC editor Terry Xu over allegedly defamatory online article and Facebook post , Singapore News

SINGAPORE – Prime Minister Lee Hsien Loong is suing the chief editor of The Online Citizen, Mr Terry Xu, over an article TOC posted on its website and Facebook page on Aug 15. According to a TOC Facebook post on Thursday (Sept 5), the court documents said that the article contained “statements that are false and baseless and were calculated to disparage and impugn PM Lee as well as his office as the Prime Minister”. This statement of claim, together with the writ, was served on Mr Xu at his…

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Singapore 

PM Lee asks The Online Citizen to remove ‘libellous’ article and Facebook post, or face legal action, Singapore News

SINGAPORE – Prime Minister Lee Hsien Loong has asked The Online Citizen (TOC) website to remove an article and Facebook post repeating “false allegations” against him with regard to 38 Oxley Road, or face legal action. In a letter addressed to TOC chief editor Terry Xu on Sunday (Sept 1), PM Lee’s press secretary Chang Li Lin said the allegations in the article “PM Lee’s wife, Ho Ching weirdly shares article on cutting ties with family members” and a post on TOC’s Facebook page containing a link to the Aug…

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Home 

Tencent extends reach to China’s young online comics audience, with US$125 million investment

Tencent Holdings, which runs China’s biggest video games and social media businesses, has made a US$125 million investment in Kuaikan World (Beijing) Technology, a move that will see the two companies cooperate in the country’s vast online comics market.The deal, which the two firms announced separately on Tuesday through their WeChat channels, will provide fresh funding to support authors on Kuaikan World’s platform, which runs a comics app and connects a growing community of Chinese online… Source link

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Home 

Investors pour funds into China online education start-ups

Chinese online education platform Hexiaoxiang, which teaches Chinese to pupils aged between 5 and 12, has closed its Series B financing round, collecting 200 billion yuan (US$28 million), according to 36Kr.The round was led by Sinnovation Ventures, the firm set up by former Google China head Kai-fu Lee, Bertelsmann Asia Investment, and an investment fund under US-listed education company Tomorrow Advancing Life. The new funds will be used on research, education, and AI technology upgrading… Source link

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Singapore 

Man lodges police report after buying fake $10,000 note from online seller; 2 suspects arrested, Singapore News

SINGAPORE – A man reported the sale of counterfeit notes to the police on Tuesday (Aug 20), after he discovered a $10,000 Orchid Series note he purchased online was fake. Officers from the Commercial Affairs Department arrested two suspects, aged 34 and 55, believed to be the sellers of the note, on Thursday. Police believe the 34-year-old suspect purchased the counterfeit $10,000 Orchid Series note from an unknown seller in Batam, Indonesia, in August. He and the 55-year-old suspect are believed to have sold the note online to the buyer for…

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Home 

Hong Kong’s banks say they have adequate cash to meet demand, even as calls circulate online for protesters to empty out ATMs

Hong Kong’s biggest banks said they have enough currency notes on hand to handle any extraordinary increase in demand for cash, as calls circulated online for protesters to empty out automated teller machines (ATMs) to disrupt the banking system in Asia’s financial hub. HSBC, the largest of the city’s three currency-issuing banks, said it “has sufficient supply of banknotes and is committed to supporting its customers and the smooth operation of the financial system in Hong Kong,” according to… Source link

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Singapore 

Female SCDF officer’s sex videos leaked online, Singapore News

The police are investigating a series of sex videos that began circulating online last month. Some of the clips – most lasting less than a minute each – feature a female officer in a Singapore Civil Defence Force (SCDF) uniform. An SCDF spokesman told The New Paper that the officer has lodged a police report, and it is providing her with counselling support. “SCDF is aware of several private videos of a female officer posted online,” he said. “As police investigations are ongoing, we are unable to comment further.” Descriptions…

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