SKT, Honeywell partner on wireless sensors
South Korea’s largest mobile operator SK Telecom (SKT) and Honeywell Korea agreed to jointly develop LoRa-compatible wireless sensors for the Internet of Things (IoT) market.
Under the agreement, the two companies will work to integrate the operator’s LoRa low power network technology with the vendor’s sensor and control devices across homes, buildings and factories.
Honeywell Korea, a provider of automation and control equipment, plans to launch LoRa-capable products, including thermostats, presence sensors, pipe temperature sensors and fire safety products, in the first quarter of next year.
Meitu’s HK IPO to raise up to $735M
Chinese photo app and mobile phone maker Meitu is planning an IPO in Hong Kong that is expected to raise as much as $735 million, which would value it at an estimated $4.5 billion, IFR reported.
The listing will make it among the 10 largest tech IPOs in the city and the first since the B2B unit of e-commerce giant Alibaba went public in 2007, Reuters said. The IPO will offer shares in a range of HKD8.50 to HKD9.60 ($1.10-$1.24) each.
Meitu’s apps let users retouch and modify selfies and other photos.
MediaTek targets automotive sector
Taiwan’s MediaTek, a designer of smartphone chips, plans to produce its first processors for connected vehicles next quarter as mobile phone growth slows.
The Hsinchu-based chipmaker said it is focusing on chips for advanced driver-assistance systems, in-vehicle infotainment and telematics, and aims to develop a fully integrated package of semiconductors.
“The complicated systems of tomorrow’s high-tech cars will require a high degree of integration, innovative power management and improved functionality to support both the highest level of safety demands and driving experiences consumers need,” said JC Hsu, GM of MediaTek’s new business department.
PCCW’s video service hits 4M users
Hong Kong-based PCCW Media’s OTT video service, Viu, has reached four million unique users a year after launching.
Viu recorded more than 218 million video views in Q3, double that of the previous quarter. PCCW said each user consumes an average of 1.2 hours per day and views 12 videos each week.
Viu launched in the Philippines this week as part of the company’s regional expansion, offering viewers easy access to content on the web and on mobile, the company said in a statement.
Viu has a footprint in Hong Kong, Singapore, Malaysia, India, Indonesia and the Philippines.