Gadgets & Electronics

Truly International Sues Letv Zhixin To Get Back CNY240 Million Investment

Truly International Holdings Limited is using the courts to go after a subsidiary of embattled Chinese tech firm LeEco. Truly states that due to LeEco's...

China's Midea Net Profit Up 13.85% In H1 2017

Chinese home appliances group Midea realized operating revenue of CNY124.45 billion, a year-on-year increase of 60.53%; and it achieved net profit of CNY10.811 billion,...

MediaTek Takes Hit As Chinese Smartphones Migrate To Qualcomm

The financial report from Taiwan-based semiconductor firm MediaTek for the second quarter of 2017 shows the company's net profit declined over 60%. MediaTek's operating revenue...

Xiaomi Opens First Offline Experience Store In Northwestern China

Xiaomi's first offline experience store in the northwestern region of China opened in Wangfujing Outlets, Hohhot, Inner Mongolia. On the first day of the opening...

China's Ofo Enters Thailand

Chinese bike sharing company Ofo has officially entered the Thai market with the first batch of about 6,000 bikes placed in this marketplace. With this...

DJI Cooperates With 3DR For Enterprise Drone Platform

Drone maker DJI has reached a deal with its old competitor 3DR, an American drone start-up, in enterprise drone platform development. Under the deal, 3DR...

ZTE's Operating Revenue Up 13.09%

Chinese telecom device maker ZTE's semi-annual performance report for the first half of 2017 shows that the company realized operating revenue of CNY54.011 billion,...

Samsung Closes Seven Sales Points During China Business Restructuring

Korea-based Samsung will implement restructuring for its China business and will shut down its seven sales points without employee layoffs. A representative from Samsung said...

China's Ofo Reaches Cooperation With Dutch Payment Company

Chinese shared bike company Ofo announced a deal with Adyen BV, a payment technology company in the Neteherlands. With the cooperation, Ofo's users will be...

Baidu, Microsoft Team To Promote Smart Cloud Businesses For Automobiles

Baidu and Microsoft jointly announced that the two parties will implement cooperation in the intelligent cloud services market to promote the development and popularity...

Hong Kong Investment Company Acquires Japanese Electric Car Maker

O Luxe Holdings, an investment company in Hong Kong, agreed to acquire the Japanese electric car start-up GLM for JPY12.8 billion, which is about...

Xiaomi Dumps LG, Signs Agreement With Samsung

Chinese smartphone maker Xiaomi signed an agreement with Samsung Display for the supply of OLED screens, which will be used on Xiaomi's flagship smartphones...

Huawei Teams With WorldRemit To Offer Mobile Payments In Africa

Chinese telecom device maker Huawei and digital transfer services provider WorldRemit reached a deal to offer international transfer services to Huawei's mobile phone users...

Xiaomi Will Open Over 2,000 New Stores Worldwide Over Next Three Years

Xiaomi plans to open more than 2,000 new stores around the world over the next three years. Xiaomi's vice president Wang Xiang revealed during an...

Daimler To Set Up Electric Car Battery Plant In China

German car maker Daimler announced that they would cooperate with their Chinese partner Beijing Automotive Group to establish an electric car battery plant in...

Baidu Fully Acquires AI Start-up Kitt.AI

Jing Kun, general manager of Baidu's Duer business unit, announced during Baidu's AI developer conference that the company fully acquired AI start-up Kitt.AI. With this...

Tencent Invests CNY450 Million In TCL Smart TV Subsidiary

Chinese TV maker TCL announced that its smart TV subsidiary FFalcon Technology has introduced Tencent as a strategic investor. Tencent invested CNY450 million in acquiring...

Amazon Launches Customized Kindles With China Mobile

Amazon is working with China Mobile's subsidiary Migu to launch the world's first joint-brand Kindle e-book reader. With a retail price of CNY658, this new...

Kuka, Midea To Develop Personal Assistant Robot After Merger

Germany's industrial robot manufacturer Kuka Group has made an ambitious plan to enter the personal assistant robot market with the help of Midea Group. In...

Samsung Plans To Sell LED Business In China

Samsung is considering selling its Chinese LED business Tianjin Samsung LED Company Limited to a private equity company in Hong Kong. According to reports in...

HP's 3D Printing Enters Chinese Market

HP recently announced that after operating for three years in the 3D printing sector, they finally decided to formally launch these services in the...
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