China Mobile and Deutsche Telekom have signed a joint venture agreement to establish an automobile company in China. With each party holding a 50% stake, the new joint venture will reportedly have registered capital of CNY180 million and the total planning investment will reach CNY270 million. The joint venture will take advantage of Deutsche Telekom's mature connected car platform and ...
Chinese home appliances and electronics retailer Gome announced that the company's first owned store will be launched in Mong Kok, Hong Kong, this week. Mong Kok has been one of the sites in recent weeks of protests in Hong Kong for freer elections. Wang Junzhou, general manager of Gome, did not make any statement about the protest's impact on the store opening and he told local Chinese media ...
Taiwanese mobile phone chip manufacturer MediaTek saw a performance decline in September 2014, yet achieved a record-high quarterly revenue uptick. The company's overall operating revenue was NTD57.472 billion, which was about CNY11.6 billion, in the third quarter of 2014, representing record-high quarterly revenue for the history of the company. The company's latest performance ...
Taiwan-listed gaming company XPEC Entertainment plans to invest NTD5.34 billion, which is about CNY1.068 billion, to acquire the entire stake of the mainland mobile game platform Tongbu Technology Limited. According to reports in Taiwanese local media, XPEC will hold a shareholder meeting in November 2014 to discuss the acquisition, which will then be reviewed by the Taiwanese government. ...
China's Lenovo Group and Japan's NEC agreed to extend their joint venture agreement through 2026. The agreement signed by the two parties included amendments to the initial transaction. Amendments to the NEC brand license agreements stated that the parties to the NEC brand license agreements entered into the NEC brand license amendment agreements on October 7, 2014, to extend the terms of the NEC ...
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