Following Foxconn's USD3.5 billion acquisition of Sharp, the Taiwanese company will position the new executive team in July to accelerate commercial application of Sharp patents, but it will also reportedly close Sharp's redundant and inefficient overseas businesses and cut 7,000 employees. Terry Gou, founder and chairman of Foxconn, said at the company's annual general meeting that he plans to promote the commercial application of Sharp's ...
Chinese search engine Baidu.com has made a fintech investment in an American blockchain company. U.S. Bitcoin start-up Circle Internet Financial announced that they gained USD60 million funding from a consortium, which was led by IDG and participants included Breyer Capital, General Catalyst Partners, Baidu, CICC Alpha, China Everbright Investment and Assets Management, IBM's former chairman and CEO Sam Palmisano, and Silver Lake's co-founder ...
Chinese maternal and baby supplies e-commerce platform Beibei.com completed its fourth round financing of USD100 million. Its investors included well-known investment organizations such as New Horizon, Northern Light Venture Capital, Banyan Capital, and Capital Today. Of these, New Horizon, Banyan Capital, and Capital Today previously invested in Beibei.com. According to Beibei.com, the company's gross merchandise volume in 2015 ...
Baidu Map announced that it is officially available in 32 countries in Europe. Baidu Map already has entered 18 countries and regions in Asia Pacific, including Japan, South Korea, Thailand, Hong Kong, Macau, and Taiwan. And Baidu Map has realized global distribution in 50 countries and regions. The 32 countries are France, Germany, Spain, Italy, United Kingdom, Turkey, Poland, Finland, Greece, Sweden, Portugal, Czech Republic, ...
Chinese telecom device maker Huawei invested USD9.2 billion in research and development in 2015, accounting for 15% of the total annual income of the company. The World Intellectual Property Organization says that by the end of 2015, Huawei had been a leading patent applier for two consecutive years, with 3,898 accumulated patent cooperation treaties. By December 31, 2015, Huawei had gained 50,377 patents around the world. Those patents ...
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