Gadgets & Electronics

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

China's TV maker Hisense recently published its financial report for the third quarter of 2017 and showed profitability has gone down. From January to September...

TSMC Chairman To Retire In Mid-2018

Morris Chang, chairman of Taiwan Semiconductor Manufacturing Co., Ltd., announced that he will retire after the company's general meeting of shareholders in early June...

Baidu Sets Up Second R&D Center In Silicon Valley

Baidu announced via its official social media channel that the company's second research and development center in Silicon Valley has formally opened for operation. Baidu...

China's Mobile Phone Shipments Decrease 7.4%

Mobile phone shipments in China decreased by 7.4% year-on-year when comparing September 2016 to September 2017. The China Academy of Information and Communications Technology published...

Huawei Plans USA Splash In Early 2018

With technology security rumblings in the United States surrounding China's Huawei, the Chinese firm is forging ahead in establishing a beachhead in North America. As...

ZTE, JD Form Strategic Partnership For Marketing

ZTE and JD Group announced the signing of a strategic cooperation agreement in New York under which the two parties will work together in...

China Sold 78,000 New Energy Cars In September 2017

China's nationwide automobile sales reached 2.709 million units, including 78,000 new energy cars, in September 2017. According to statistics provided by China Association of Automobile...

Chinese Industrial Drone Developer Gains CNY62 Million Investment

Beijing Fengchao Technology, a company specializing in smart agriculture and drones for agricultural applications, has completed its CNY62 million series A round financing, with...

Xiaomi To Build East China Headquarters In Nanjing

Chinese smartphone maker Xiaomi is building its East China headquarters in Nanjing, Jiangsu Province. Lei Jun, chairman and chief executive officer of Xiaomi, said that...

Hyundai, China Unicom To Build Big Data Center In Guizhou

South Korea's Hyundai Group will cooperate with China Unicom to build a big data center in Guizhou. This is the first overseas big data center...

Chinese-backed Investment Company To Acquire Former GPU Supplier For Apple

Chinese-backed private equity investment company Canyon Bridge will invest EUR550 million, which is about USD743.2 million, to acquire Imagination, Apple's former GPU supplier. Imagination had...

HTC To Sell Mobile Phone Assets To Google For USD1.1 Billion

Taiwanese smartphone maker HTC has signed an agreement with Alphabet subsidiary Google to sell some of its mobile phone businesses to the latter for...

Asus Targets Silicon Valley Start-ups With New Venture Capital

Taiwanese electronics giant Asus has cooperated with Fenox Venture Capital in founding a USD50 million venture capital fund to promote emerging Silicon Valley start-ups...

Foxconn Wants To Build New Factory In Nanjing

Foxconn signed an agreement with the municipal government of Nanjing, Jiangsu Province, planning to invest over CNY37.5 billion to build a new smartphone plant...

Chinese Used Goods Platform Cooperates With Foxconn For iPhone Recycling

Used goods trading platform Zhuanzhuan announced a strategic deal with Foxconn, aiming to promote the standardization of the trading of used phones. Under the deal,...

Coolpad CEO Resigns

Chinese smartphone maker Coolpad Group announced that its chief executive officer Liu Jiangfeng has resigned and Jiang Chao, vice chairman of the board of...

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...
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