TechNews Daily 2017.01.12

12 Jan

The animated film industry is taking off in China with help from South Korea and Japan
TechNode
As China sees more and more overseas animations doing well domestically, the country is vying to create its own profitable animation industry. China’s animation market is still in its early stage and is greatly influenced by companies in neighboring Japan and South Korea.

Here’s why Shenzhen will replace Silicon Valley in 2017
TechNode
For the past few decades, Silicon Valley has been the global innovation hub. To think that this will last forever, however, is ludicrous. Just as history has proven, the world’s “center for innovation” cycles from place to place – just as Babylon changed the world, eventually so did Alexandria, then Ancient Greece, and then Berlin. These cities are just some of the places throughout history that have taken form of a “Silicon Valley”. History will repeat the cycle, and sooner than we think.

Facebook could be working on a project that reads brain waves to communicate thoughts
The Next Web
Spotted by Business Insider, several recent job postings originating from Facebook’s uber-secretive ‘Building 8’ group describe a project involving “neuroimaging” and “electrophysiological data” to create a “communications platform of the future. Another seeks a Ph.D. in neuroscience to help with “inception to product” over a two-year timeframe. A third calls for an engineer who can “develop audio signal processing algorithms” for a “communication and computing platform of the future.”

Netflix competitor Hooq raises $25m from Singtel, Sony, Warner
TechinAsia
Hooq, a Netflix competitor in Asia, raised US$25 million from its existing investors Singtel Sony Pictures, and Warner, Techcrunch reports.

Why is a turnaround expert joining Snapdeal?
TechinAsia
Remember Jason Kothari? The guy who was sent to Housing to straighten the house, and lied about the company’s acquisition? Well, he’s joined Snapdeal as chief strategy and investment officer.