While its revenues have jumped by 55% to $2.7 billion (17.38 billion yuan), iQiyi reported a net loss of 3.74 billion yuan. iQiyi Inc, a unit of Chinese search engine firm Baidu Inc, has launched its initial public offering in New York, worth up to $2.4 billion, as it seeks to expand its range of…
In the long term, the development is likely to effects Apple’s suppliers including, Samsung Electronics Co, LG Display Co, Japan Display Inc, Sharp Corp and Synaptics Inc. As per a Bloomberg report, Apple Inc is said to be developing its own MicroLED device displays and has already produced a small numbers of these MicroLED screens…
Li Ka Shing, CK Hutchison Holdings Ltd’s chairman, ranked 23 on Forbe’s list and the wealthiest tycoon in Hong Kong, is set to hand over the reins of CK Hutchison Holdings Ltd to his eldest son. Victor Li. On Friday, as per a filing to the Hong Kong stock exchange, Li Ka-shing, Hong Kong’s richest…
Toyota Motors, an investor in, is reportedly in discussions with Uber Technologies to quicken the pace of bringing autonomous automated driving to the mass market. On Friday, Japan’s Nikkei reported, without citing any sources, that Uber Technologies is in the process of negotiating the installation of its self-driving system in Toyota Motor Co’s minivan vehicles.…
Although two Japanese news dailies have reported of the raid, clarity on the suspected violation is still to emerge. On Thursday, A spokesperson for Amazon Japan stated it has been raided by Japan’s fair trade regulator on suspicion of a possible anti-trust violation. Although the spokesperson said Amazon Japan was fully cooperating with the Fair…
Here is how Amazon.com is using original video programming as a vehicle to boost its exclusive Prime shopping club. For the very first time, documents from Amazon.com Inc reveal how the world’s biggest online retailer’s bet on original video content has paid off: by early 2017 its TV series have drawn more than 5 million…
The developments puts to rest concerns of waning demand for memory chips which are once again on the rise on the back of strong demand from the smartphone and server market. A spokesman for Samsung Electronics Co Ltd stated it plans on building a new memory chip production line in late March in China. The…
This policy will be effective from July 1, 2018. On Wednesday, Alphabet Inc’s Google stated starting from June it will ban advertisements for cryptocurrencies and related content including binary options, and financial services that aid betting. In a separate blog post, Google said in 2017 it had taken down 3.2 billion ads, up by nearly…
The strategic move will not only bring down its import cost but will also help it sl slash escalating labor costs in China. In a move that signals an expansion of Apple’s iPhone assembly line in India, Wistron Corp, a Taiwanese contract manufacturer which is part of Apple Inc, has won approval from India’s Karnataka…
Essentials is aimed at bridging the gap in its market – which till now have catered to large firms. With this Salesforce.com aims to cover every segment of its market. In a step aimed at mitigating air pockets in its market, Salesforce.com Inc has launched new customer service and sales software tailored specifically for small…
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