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Alibaba reportedly mulling to raise $20B through a second listing in Hong Kong – TechCrunch

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Massive news just dropped for Hong Kong’s capital markets. Alibaba, one of the world’s largest tech companies, is considering raising $20 billion through a second listing in Hong Kong, Bloomberg reported on Monday citing sources.

TechCrunch has reached out to Alibaba for comment and will update the story if and when we have more information. Alibaba said it doesn’t comment on market rumors when reached out by TechCrunch.

Unnamed people told Bloomberg that the money raised in Hong Kong is intended to help Alibaba “diversify funding channels and boost liquidity.” The Chinese ecommerce behemoth is aiming to file a listing application confidentially as early as the second half of 2019, according to the report. That would come five years after Alibaba famously scored a record $25 billion listing on the New York Stock Exchange following Hong Kong’s refusal to approve its filing due to rules around company structure.

But the Hong Kong Stock Exchange is becoming an increasingly popular destination for public offerings that put Chinese tech businesses closer to investors at home, as my colleague Jon Russell explained in 2017. The turning point came when the bourse finally introduced dual-class tech stock listings last year, a major appeal that helped HKEX attract such tech darlings as smartphone maker Xiaomi and food delivery service Meituan Dianping.

The news also arrived at a time when Chinese tech firms are coping with increasing hostility in the US amid a series of prolonged trade negotiations. Huawei and dozens of its affiliate companies were hit hard after the US placed them on its ‘entity list’, meaning American companies need to seek approval from the government before doing business with these Chinese firms. Just last week, China’s largest chipmaker announced that it would delist from the NYSE and focused on its existing Hong Kong listing, although the company claimed the plan had been brewing for some time and had nothing to do with the trade war.

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Facebook posts can now be exported to Google Docs, WordPress

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Depending on how you look at it, Facebook may have surpassed Google in being the poster child for harvesting personal data on the Internet. Considering how much of people’s online lives and information it has in its possession, the social media giant regularly gets pushed, mostly through laws and regulations, to take certain steps to secure and unlock users’ information. Part of that is allowing users to move their data outside of Facebook and a new export tool will let them do just that to transfer their posts to other online services.

The ability to export Facebook data has actually been around for a few years now. It’s part of the Data Transfer Project, an agreement among some of the Big Tech companies to allow users to move some of their data across different and competing services. Last year, Facebook made it possible to transfer photos to Google Photos and now it’s doing something similar for posts themselves.

According to the blog post, Facebook users can go to their account’s “Your Facebook Information” Settings to select Transfer Your Information. You can select either Photos or Notes (but not both at the same time) and have them copied over to Google Docs or WordPress. You will then be asked to log into those external accounts before the transfer begins.

Facebook promises that the tool is secure and private and that data is encrypted as it moves between services. Comments to posts are not exported, however, since they’re associated with someone else’s Facebook account.

It’s a small but important step for Facebook users to have their data unshackled from the social network’s walls, at least when they need to. Facebook is, of course, simply complying with regional laws and probably doesn’t expect most users to utilize them, anyway.

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Sony’s latest Home Cinema Projector has native 4K and a huge price tag

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Sony has announced two new projectors designed for home theaters: the VPL-VW325ES and VPL-VW1025ES. Both models feature native 4K support, according to Sony, which packed in features like its X1 projector picture processor and dynamic HDR enhancement. Both models are available now, but they come with substantial price tags.

The notable feature with both of these new Sony projectors is the inclusion of its ‘X1 for projector’ picture processor, which is based on the same tech found in the company’s BRAVIA televisions. The hardware has been, according to Sony, optimized for use in projectors to enable features like the aforementioned dynamic HDR enhancement.

Both models offer native 4096 x 2160 resolution for a true 4K home theater experience. Sony includes some of the features from the previous generation, including an input-lag reduction mode, but adds what the company says is ‘dramatically’ improved performance when it comes to display reaction speed.

These things should make the projectors a suitable option for gamers who want to play on the extra-big screen. Both models can likewise upscale FHD and 2K content to 4K resolution. There are some differences between the two models, however, including both the light source and lenses used.

The VPL-VW325ES model features a 1,500-lumen lamp as a light source, while the VPL-VW1025ES model has a brighter 2,200-lumen laser light source. Likewise, the latter model also has an All-Range Crisp Focus (ARC-F) lens that offers ‘pristine’ image quality from edge to edge, according to Sony.

Getting that benefit won’t come cheap, however, as the VPL-VW1025ES projector is priced at $39,999.99 USD. The VPL-VW325ES model, meanwhile, is more affordable at $5,499 USD. Both models can be preordered now.

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Geico security breach exposed customers’ driver’s license numbers

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A letter submitted by insurance company Geico to the California attorney general’s office details a data breach that took place earlier this year, exposing customers’ driver’s license numbers. The letter doesn’t include certain pertinent details such as how many people were potentially impacted by the security issue, though it did note the numbers may be used as part of unemployment benefits fraud.

The letter, which was first spied by TechCrunch, is dated April 9 and explains that the security incident took place from January 21 to March 1. During that time, the hacker(s) used customer data “acquired elsewhere” to get access to Geico subscribers’ driver’s license numbers using the company’s online sales system.

The company’s letter explains that it believes “this information could be used to fraudulently apply for unemployment benefits” in the customers’ names. For this reason, Geico customers who receive any unexpected mail from their state’s unemployment agency are encouraged to check it for signs of fraud taking place in their name.

Geico notes that it secured its website when it learned about the issue and that it investigated the cause of the breach. The company’s letter says that Geico has “implemented — and continues to implement — additional security enhancements to help prevent future fraud and illegal activities on our website.”

The company hasn’t yet published a security breach note on its website, but the letter is written to customers and explains that they will be offered a year’s subscription to IdentityForce for identity theft protection. The letter, it seems, includes a one-time code the customers can use to activate the free data monitoring service.

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