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Chinese telecom device maker Huawei announced that during the first six months of 2016, the company achieved operating revenue of CNY245.5 billion, which was about USD37 billion, representing a year-on-year increase of 40%. As the world's third largest smartphone brand, Huawei realized fast operating revenue growth which was contributed by its upgraded smartphone and network devices that helped the company offset negative effects caused ...
For most of its existence, the Internet was largely formed and administered by American organizations. But Asian firms now have the opportunity to be the gatekeepers for the brave, new world of virtual reality. And the key to domination in virtual reality is real money, so the announcement that Taiwanese smartphone maker HTC has established the Virtual Reality Venture Capital Alliance with 28 venture capital firms helps leverage the fantastic ...
Fifteen years ago, some staid Chinese manufacturers got sexy by calling themselves Internet companies, and China Unicom's latest move into the very busy fintech sector harkens back to that era. Chinese telecom operator China Unicom just held the opening ceremony for its financial company Unicom Group Finance Company Limited, and the China Banking Regulatory Commission Beijing Office issued a financial license to the company during the ...
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 ...
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