Huawei Technologies, China’s largest phone equipment maker, said it aims to triple sales of smartphones to 60 million this year, with about 30-40% of the year’s shipments going to China, Bloomberg reported. Huawei hopes its sales will be boosted this year by the Ascend D quad handset, a smartphone unveiled at the Mobile World Congress […]
Category: Tech, Media & Telecom
Proview Electronics (0334.HKG), the Hong Kong display maker which claims the rights to the iPad name, is now suing Apple (AAPL.Nasdaq) in the US state of California, The Wall Street Journal reported. Apple says it purchased the rights to the iPad name from Proview in 2009 for GDP35,000 (US$55,000). But Proview says Apple’s pitch was […]
Alibaba Group has bid US$2.3 billion to buy out shareholders of its publicly-listed subsidiary Alibaba.com (1688.HKG) and take the unit private, The Wall Street Journal reported. The group, which owns 73% of the listed company, will offer HKD13.5 (US$1.74) per share for other shareholders’ equity, about 46% above the company’s listed price on Tuesday. Trading […]
China Telecom (CHA.NYSE, 728.HKG) will begin selling Apple’s (AAPL.Nasdaq) iPhone 4S on March 9, making it the country’s second mobile carrier to offer the phone, Bloomberg reported. The iPhone is currently available in China only through China Unicom (CHU.NYSE, 600050.SH, 0762HKG), which began offering the device in October 2009. The country’s other major operator, China […]
Wal-Mart Stores (WMT.NYSE) said it plans to increase its stake in Yihaodian, a fast-growing online retailer in China, from 18% to 51% in an effort to benefit from the country’s booming online consumer market, The Wall Street Journal reported. The transaction is subject to the approval of Chinese government and Wal-Mart didn’t disclose financial details […]