Huawei is taking on Hewlett Packard, Dell and Cisco in the supply of servers and other equipment used in data centers, the key components of cloud computing, by adopting the strategy it has used to expand in its smartphone and telecommunications-equipment sales over the years: competitive pricing and hefty investment in research and development. According […]
Category: Tech, Media & Telecom
China’s technology startups were red-hot for years. Today, the catchphrase among some in the industry to describe the funding environment is “deep winter,” according to The Wall Street Journal. In the first half of 2016, 173 new venture-capital funds in China raised $11.8 billion, down 42% and 14% respectively from the same period last year, […]
Chinese technology giant Huawei Technologies Co. will invest at least $1 billion every year from now on in research and development of internet infrastructure such as servers and software, its top executive said. The aggressive spending plans are part of the Shenzhen-based company’s continued expansion far beyond its mainstay telecommunications equipment and handsets. Huawei researchers […]
Three months after saying it would shutter its MSN China web portal, Microsoft has decided instead to sell the business to a Chinese entity run by a former general manager at Microsoft Online. Microsoft said Tuesday that it entered into a “management buyout agreement” on August 10 with XiChuang Technology under which XiChuang would acquire […]
Universal’s spy thriller Jason Bourne slipped past Fox’s Ice Age: Collision Course to win the weekend at the Chinese box office as Hollywood fare returned to the world’s No. 2 movie market in force following a shorter-than-usual summer blackout on foreign imports, according to The Hollywood Reporter. Jason Bourne’s six-day China total was approximately $50 […]