The Digital Economy Summit (DES) 2023, Asia's premier innovation and technology event, kicked off on April 13– 14 at the Hong Kong Convention and Exhibition Centre (HKCEC). The two-day summit, which is jointly organized by the HKSAR Government and Cyberport, brings together influential leaders from business, academia, government and technology to discuss the role that technological advancements play in accelerating the creation of resilient and future-proof digital societies.
Industry News
Global PC Shipments Decline in Q1 2023, With Apple Hit Hardest
Weak demand, excess inventory and a worsening macroeconomic climate were all contributing factors in the precipitous drop in shipments of traditional PCs during the first quarter of 2023 (1Q23). Global shipments numbered 56.9 million, marking a contraction of 29.0% compared to the same quarter in 2022, according to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
Malaysia Looks to Introduce Second 5G Network in 2024
Malaysia has plans to introduce a second 5G network in 2024, according to Reuters. Prime Minister Anwar Ibrahim proposes this plan in a bid to deter monopolies and encourage competition across the country’s telecommunications landscape.
China Rivals US by Building $500 Million Subsea Internet Cable
State-owned telecom firms in China are developing a $500 million undersea fiber-optic internet cable network to compete with a similar US-backed project, according to four people involved in the deal. The proposed EMA (Europe-Middle East-Asia) cable would connect Hong Kong to China's island province of Hainan and connect to Singapore, Pakistan, Saudi Arabia, Egypt and France.
China Multiplay Service Revenue Set to Increase Through 2027
The constant rise in the number of multiplay households in China and the growth in average monthly multiplay household spending are expected to drive the increase in multiplay service revenue in the country at a compound annual growth rate (CAGR) of 1.9% through 2027. The revenue is forecasted to reach $1.9 billion by the end of the forecast period, according to GlobalData, a leading data and analytics company.
ASEAN Dominates Expansion of Cloud Market From Thailand to Indonesia
As foreign cloud service providers and data center operators invest billions of dollars to establish new centers in developing countries like Thailand, Indonesia and Malaysia, Southeast Asia is fueling the growth of the globe's cloud infrastructure.
BDx Indonesia Unveils CGK3A to Fuel Indonesia's Digital Economy
BDx Indonesia recently performed a groundbreaking ceremony for its greenfield data center, CGK3A, in TB Simatupang, South Jakarta. BDx Indonesia is a significant wholesale data center and cloud-focused company in the Indonesian market.
5G to Drive Singapore Mobile Service Revenue to Over $2 Billion by 2027
The growth of 5G services in Singapore is expected to fuel the mobile data segment, which in turn is set to drive the country's mobile service revenue at a CAGR of 3% from 2022 to 2027. As a result, the revenue is projected to reach $2.1 billion by the end of the forecast period, according to GlobalData, a leading data and analytics company.
Philippines’ DICT Urges Citizens to Take Immediate Action on SIM Cards Registration
According to the Philippine government, only 36.79% of SIM cards had been registered before the strict April deadline, after which unregistered SIMs are to be deactivated.
Huawei Launches US$20 Million Asia Pacific OpenLab 3.0 to Strengthen R&D Efforts
Huawei has officially unveiled OpenLab 3.0, its latest regional center of joint solution innovation, solution R&D, partner enablement & development and industry experience to serve as a base for ecosystem cooperation and digital transformation in the Asia Pacific region.