APAC 2018: Major global player status will ramp up

Asia continues to be a significant player in the global ICT industry, constantly making gains against its US counterparts. In November, China’s Tencent reached a valuation of $500 billion (more than Facebook) while Alibaba is hot in its tails at $474 billion.

South Korea’s tech sector was rocked by controversy this year over the corruption conviction of Samsung heir-apparent Jay Y Lee but neighbour Japan continued to make news this year too. Softbank has minted its $100 billion Vision Fund to invest in technology companies while the group is pumping money into Uber and other ride-hailing apps in Asia Pacific.

These eye watering sums of money show that Asia is not slowing down any time soon but there is plenty of activity around the continent outside the obvious hubs of China, Japan, and South Korea. These ecosystems made significant moves in 2017 and expect to see more of that in 2018.

Hackers could have a head start on researching exploits that US firms have not yet caught wind of. Why does China spot security vulnerabilities quicker than the US?

Asia now outpacing Europe

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Jonathan Keane

Jonathan Keane is a freelance journalist, living in Ireland, covering business and technology

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