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This is a discussion on China Tech News within the Electronics forums, part of the Non-Related Discussion category; Adobe has decided to close its research and development branch in China and all related operations will be terminated at ...

          
   
  1. #11
    Senior Member ChinaVirtuoso's Avatar
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    Adobe Will Close Chinese R&D Operations



    Adobe has decided to close its research and development branch in China and all related operations will be terminated at the end of December 2014.

    Adobe China's public relations company confirmed that after the Chinese R&D branch stops operating, the Chinese business will be transferred to Adobe India. However, Adobe will maintain its sales businesses in Shanghai, Beijing, Guangzhou, Shenzhen, Hong Kong and Taiwan.

    According to media reports, Adobe's 400 employees in China are divided into five groups and each group will get an envelope of a different color. Those who receive green ones will be the first to leave the company and the estimated departure time is the end of October; and those who get red ones will leave the company at the end of December. Sales representatives will get white envelopes and the sales department is the only department that survives the company closure.

    In addition, about 30 employees will be transferred to Adobe's American headquarters or Indian branch. For pregnant employees, the company has special compensation rules since it is difficult in China to dismiss employees during pregnancy.

    Adobe's report for the third financial quarter ended August 29, 2014, showed that the company's operating revenue was USD1.01 billion, a slight increase of 1% over the same period of 2013 and failed to meet expectations. Its net profit was USD44.7 million, a significant decrease of 46% compared with the USD83 million in the same period of last year.


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    China's Woqu.com Adds USD20 Million For USA Travel


    Chinese tourism website Woqu.com recently confirmed that the company gained USD20 million investment during its second round of financing.

    The investment was led by Tencent and followed by Morningside Ventures.

    Founded by former Mangocity president Huang Zhiwen in October 2013, Woqu.com focuses on the American independent travel market. The website was officially launched in April 2014 and its products include American hotels, car rentals, pick-up services, local tours, visas, insurance, and phone cards.

    Huang explained that they are attracted by the large tourist numbers potentially visiting North America. In 2012, about 1.4 million Chinese tourists visited America; in 2013, the number was 1.78 million; and in 2014, the number is expected to be over two million. It is a fast-growing market and it can help the start-up company to avoid competition with industry giants by focusing on the American independent travel market.

    The company plans to develop a standard model in this marketplace and copy it to other destination countries.
    According to Woqu.com, the company may enhance both mobile sectors and the multi-destination independent travel market after this second round of financing.


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  3. #13
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    Huawei Acquires British IoT Technology Provider


    Chinese telecom device maker Huawei acquired Neul, a Britain-headquartered Internet of Things technology provider, for USD25 million.

    As a company focusing on the research and development of Internet of Things technologies and products, Neul is known for its "Weightless" platform, which offers super-low energy consumption air interfaces for products like smart testers and street lights. It is a new wide-area wireless networking technology designed specifically for the Internet of Things, achieving coverage, battery life, module cost and efficiency goals that far out-reach today's GPRS, 3G, CDMA and LTE WAN solutions.

    Huawei recently enhanced its investments in the British Internet of Things industry. The company previously invested USD125 million in the construction of a chip development lab in Bristol and they also promised that the company would make USD1.3 billion local investments in Britain.

    The acquisition is a good deal for Neul, which will be able to take advantage of Huawei's resources to become a leading company in the Internet of Things sector; on the other hand, Huawei will benefit from the investment, which help the Chinese company gain an emerging technology with small costs in a foreign land.


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  4. #14
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    Chengdu Welcomes Latest Tesla Vehicle



    American electric car maker Tesla has entered the Chengdu market and reportedly delivered its products to consumers in the city.

    The company also launched its first super charger facility in Chengdu, which is the company's 17th in China. Tesla's service center in Chengdu will reportedly become the company's first service center in the southwestern region of mainland China.
    In April 2014, Tesla officially entered the Chinese market and delivered the first batch of cars to users in Beijing and Shanghai. In July, the company set up service centers in Hangzhou and Shenzhen, and delivered products to local consumers.

    So far the company has four stores in Beijing, Shanghai, Shenzhen and Hangzhou, respectively; and it established six service centers in total in Beijing, Shanghai, Hangzhou, Shenzhen, and Chengdu. Tesla has built 17 super chargers in mainland China, located in Beijing, Shanghai, Nanjing, Hangzhou, Shenzhen, Chongqing, and Chengdu. The company aims to deploy over 380 destination chargers in 55 cities and regions across China and it will set up service centers in cities like Xi'an and Wuhan before the end of the year.

    Jerome Guillen, Tesla's vice president for global sales and service, said during an interview that they track the market demand and build retail stores and service centers accordingly. In 2013, Tesla delivered 20,000 Model S cars and they plan to deliver 35,000 in 2014.

    Apart from cooperating with China Unicom to deploy chargers in 400 China Unicom business halls, Tesla will also team with individuals to expand the destination charger network.


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    HTC Is the Next Smartphone Maker on Chinese Electronics Giant TCL Shopping List

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    Here is an interesting piece of news that may or may not make HTC fans happy. Apparently, Chinese electronics giant TCL has eyed HTC for its next major acquisition.

    We’re not sure how serious TCL’s intentions are, but the Chinese company acquired Alcatel back in 2011 and provided the mobile division with enough resources to put it on the floating line.

    After a few years of losses before being acquired by TCL, Alcatel has been profitable for the first time soon after it was operating under the Chinese company’s umbrella. To this day, Alcatel is providing enough profit for TCL to be considered a successful acquisition.

    The next smartphone maker on TCL’s shopping list could be HTC. GSMDome reports Chinese blog site SCMP cites TCL’s Chairman Li Dongsheng who said in a short statement on Weibo that he admires HTC co-founder and chairman Cher Wang and that he wished their companies could join forces to better compete with Apple.

    Here is the Google translation, which definitely sounds weird, but those who know Chinese can read the original statement as well:

    “Although the return of the HTC Cher Wang year's time, but it was not like Steve Jobs like this brand back to life. HTC Dopod era from the beginning, has been insisting on the development direction of smart phones, and Apple at the same time he set foot in this industry.

    HTC is my great admiration for the enterprise, with the Chinese mobile phone manufacturers, I hope HTC in the mobile device market can be occupied his position, on both sides of the Chinese and South Korean companies join forces to compete with Apple.”

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  6. #16
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    China's Inspur Forms Linux Partnership With Red Hat


    Chinese technology company Inspur and American open source manufacturer Red Hat have reached a strategic deal to combine Red Hat's latest-generation enterprise operating system Red Hat Enterprise Linux 7 with Inspur's X86 platform products.

    According to the agreement, Inspur and Red Hat will become OEM partners. The OEM partner designation is the highest partner rank for Red Hat and Inspur will enjoy the best prices and the highest priority technical support. Other financial terms of the deal were not released.

    As the first step of the cooperation, Red Hat will provide full technical and service support to Inspur's nine kinds of X86 computing products; in return, Inspur will preferentially recommend Red Hat Enterprise Linux 7 operating system to its users. In the future, the two parties will cooperate in cloud computing, big data, storage and virtualization services.

    The Chinese market is currently the growth highlight of the global server market. Statistics released by the market research firm Gartner showed that in the first quarter of 2014, Inspur had 19% market share in the server market, ranking first in China and fifth in the global market. With a year-on-year increase of 288%, the Chinese company was reportedly the fastest-growing manufacture in the world. Red Hat has been leading the open source sector and its Red Hat Enterprise Linux has been a leading enterprise operating system since its launch over ten years ago. At present, over 90% of Fortune Global 500 companies are using the enterprise Linux solutions provided by Red Hat.

    Scott Musson, Red Hat's vice president of global strategic alliance, said at the signing ceremony that the company hopes that the cooperation with Inspur will enhance Red Hat's business expansion in the Chinese market and reinforce the use of Linux operating system in China.

    Hu Leijun, vice president of Inspur Group, said that Inspur and Red Hat have reached accreditation cooperation for the enterprise Linux operating system level. The two parties plan to form an in-depth partnership in cloud computing, critical computing, virtualization, and big data in the future to fully meet customer demands.


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  7. #17
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    China Huaxin Acquires Alcatel-Lucent Enterprise Business


    China Huaxin Post & Telecommunication Economy Development Center formally announced that the company has completed the acquisition of Alcatel-Lucent Enterprise, a subsidiary of Alcatel-Lucent.

    China Huaxin and Alcatel-Lucent have jointly established a controlling company, which will be responsible for the global operation of Alcatel-Lucent's enterprise business. China Huaxin holds a 85% stake in the joint venture, while Alcatel-Lucent owns the remaining 15% stake.

    After the acquisition, Alcatel-Lucent Enterprise will continue to enhance its existing advantages in the enterprise communications sector; meanwhile, it will explore new business opportunities in high-growth regions, industrial solutions, and cloud services. The newly established controlling company will be committed to leading the development of next-generation enterprise communication and promoting the innovation of business models to transfer from a technology-oriented model to a customer experience-oriented model, so as to benefit its customers and partners.

    Alcatel-Lucent Enterprise is a world leader in communications and networking solutions. Headquartered in Paris, France, the company has over 2,700 employees worldwide and its businesses reach more than 80 countries and regions.
    China Huaxin Post & Telecommunication Economy Development Center is an industrial investment company that seeks long-term commercial growth opportunities in the information and communications technologies sector.


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  8. #18
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    Taiwan's XPEC Buys Mainland Internet Mobile Game Platform


    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. The deal is expected to be closed in the first half of 2015.

    As a result of the acquisition, Tongbu Technology will establish a development and research center in Taiwan to implement application development related to the mobile Internet. In the future, the company will integrate XPEC's game development capacity with its game user database to improve XPEC's mobile game penetration in mainland China.

    Prior to this, XPEC also acquired a 90% stake in Tiny Piece, a global leading mobile casual game platform.
    Founded in Taipei in August 2000, XPEC Entertainment is one of the many game developers in greater China and has developed well-known titles for console and PC online and mobile platforms. It has branches in Taipei, Shanghai, Suzhou, and Beijing, with more than 850 employees.


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  9. #19
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    Lenovo Renews Joint Venture With NEC



    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 brand license agreements for two more years to June 30, 2018.

    Headquartered in Tokyo, NEC's businesses cover information technology solutions, network solutions, and electronic devices. On January 27, 2011, Lenovo and NEC announced the joint venture agreement, under which the two parties established a PC joint venture that sells NEC-branded PCs and tablets in the Japanese market through its subsidiary. The initial agreement had a 5-year term lasting through June 2016. Lenovo BV owns a 51% stake in the JV, while NEC owns the remaining 49%.

    In addition, pursuant to the business combination agreement, Lenovo BV granted NEC a put option to require Lenovo BV to purchase all of the NEC JV ordinary shares from NEC and NEC granted Lenovo BV a call option to require NEC to sell all of the NEC JV ordinary shares to Lenovo BV. The original put option and the original call option are exercisable at any time after July 1, 2016, or within three months of certain trigger events set out in the business combination agreement with respect to all of the NEC JV ordinary shares.

    Prior to this, Lenovo chief executive officer Yang Yuanqing revealed that if acquiring NEC, Lenovo would return to a top three PC maker in the world.

    So far, Lenovo has implemented several acquisitions. The Chinese company previously announced the completion of acquisition of IBM x86 server business. Earlier than that, the company invested USD2.9 billion in the acquisition of Motorola Mobility to deploy in the mobile Internet sector and it invested USD100 million in the acquisition of Unwired Planet, which owns 3G, LTE and other important mobile patents.


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  10. #20
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    Gome Aims Newest Hong Kong Outlet Near Protests


    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 that the positioning of the Gome Hong Kong store is as an international store instead of store of domestic products. For a certain period of time, Gome Hong Kong store's main products will be foreign-branded digital and audio-visual products. Wang also pointed out that as for Chinese brands, Gome will focus on those that have already entered the Hong Kong market such as Haier and Midea.
    The new Gome Hong Kong store will have an area of 25,000 square feet. With the new store, Gome aims to seize a 30% market share in the Hong Kong home appliances market in two to three years. Meanwhile, the company plans to open at least three stores in the same period, with individual store annual sales of CNY1 billion.

    As a major competitor of Gome, Suning has developed 27 chain stores in Hong Kong. During the first half of 2014, Suning's sales in Hong Kong reached CNY4 billion and its annual sales target is CNY10 billion.


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