Le Sports, the sports business of Letv.com, announced a strategic investment to acquire a 20% stake in World Sport Group. With this investment, Le Sports will become one of the three major shareholders of WSG, alone with France's Lagardere Groupe and Japan's Dentsu. The total amount spent on the 20% was not made immediately available. Starting from 1990s, WSG became the exclusive agent ...
Apple's 25th Apple Store in China, which is located in Dalian Parkland, has started its formal operation. According to Apple, the company plans to increase the number of its retail stores in the Chinese market to 40 by mid 2016. Since the beginning of 2015, Apple has opened new sites in Zhengzhou, Hangzhou, Chongqing, Tianjin, Shenyang, and Hong Kong. In September, the company launched a large ...
Intel will invest USD5.5 billion in Dalian to transform its existing local plant into a storage chip manufacturing plant. Intel said that the Dalian plant started operation in 2010 and it will start making storage chips from the second half of 2016. Over the next three to five years, Intel will invest up to USD3.5 billion in this plant and they will increase the investment to USD5.5 billion in the future. Though most of Intel's operating ...
IBM and China Electronics Corporation jointly announced that they will establish a joint innovation lab and begin in-depth cooperation. The joint innovation lab is based on the collaborative innovation model of IBM and its partners. It will combine technology and talent resource advantages of IBM and its partners such as CEC to help those partners break innovation barriers. ...
Alibaba Group announced that its YunOS will enter the smart wearable device market with the launch of YunOS for Wear. According to Gu Zhicheng, head of smart hardware for the YunOS business unit, YunOS for Wear can be applied to smart wearable products unilaterally or paired with smartphones and external apps. Gu said YunOS for Wear provides research and development infrastructure ...