Category: Tech, Media & Telecom

Chinese smartphone marker Xiaomi is switching its distribution strategy to enter new markets including India, Bloomberg reported, citing company vice president Hugo Barra. After using social media to tap the Chinese diaspora in markets including Singapore, Xiaomi is teaming with Indian e-commerce firm Flipkart to sell its Mi3 phone in India starting on Tuesday for […]

China’s big three state-owned wireless carriers have agreed to jointly form a telecommunications tower company with a registered capital RMB10 billion (US$1.6 billion), Reuters reported, citing company filings on Friday. China Mobile (CHL.NYSE, 0941.HKG), China Unicom (CHU.NYSE, 0762.HKG) and China Telecom (CHA.NYSE, 0728.HKG) will have respective stakes of 40%, 30.1% and 29.9% in the tower […]

Foxconn Technology Group (2354.TPE) is seeking RMB50 billion (US$8 billion) worth of annual production from its new China plant by 2018 as clients ask suppliers for greener manufacturing, Bloomberg reported. The new plant will be more energy efficient and will use less chemicals and more recyclable materials, Foxconn Chairman Terry Gou said on Thursday without […]