China Mobile’s (CHL.NYSE, 941.HKG) net income fell 12% to US$4.1 billion (RMB24.9 billion) for the fifth consecutive quarter, Bloomberg reported, citing figures derived from nine-month results released by the company Monday. Rising costs to roll out the carrier’s fourth-generation network, which added 11.4 million users in September, are causing analysts to estimate net income will […]
Category: Tech, Media & Telecom
Hackers attempted to steal user data from Apple’s (AAPL.NASDAQ) iCloud online storage service in China, Reuters reported, citing a post at Greatfire.org. The cyber security blog asserted that Chinese authorities intercepted data transmitted between iCloud and users by interposing their own website between the two on Friday, which coincided with the launch of the iPhone […]
Baidu (BIDU.NASDAQ) has purched for an undisclosed amount a controlling stake in Peixe Urbano, the company behind a Brazilian discount site with more than 30,000 merchant partners, Reuters reported, citing a statement from the companies. Under the terms of the transaction Baidu will let Peixe Urbano’s management team, led by co-founder and CEO Julio Vasconcellos, […]
The European Union trade chief is willing to drop an investigation into subsidies to Chinese mobile telecom network equipment makers provided China limits export credits to certain companies, Reuters reported, citing unnamed souces. Imports of such equipment into the EU are worth an annual EUR1 billion (US$1.3 billion) and bring Chinese companies into competition with […]
HTC (2498.TPE) introduced a waterproof action camera for taking selfie photos Wednesday along with a selfie-focused smarthpone, The Wall Street Journal reported. The move to bolster the company’s midprice Desire line is a strategic change that the company hopes will help it reverse three years of falling sales. Last year, HTC fell out of the […]