LG is bent on migrating towards making next-generation OLED panels and has slashed investments in its LCD business, which incidentally accounts for nearly 90% of its revenues. South Korea’s LG Display Co Ltd, a key supplier of panels for Apple, posted its second consecutive loss citing poor panel prices while slashing its investment plans by…
The deal is yet to be finalized since it has yet to get clearance from Linxens’s union, and regulatory approval from France and Germany. According to 5 sources with direct knowledge of the matter at hand, Tsinghua Unigroup Ltd, China top state-controlled chip manufacturer has signed a deal with Linxens, a French smart chip components…
Although its share prices surged by 3.8% on Monday, they are still down by 40% from their April 2018 levels. On Monday, following the removal of measures from a defense bill by U.S. lawmakers that would have reinstalled sanction on China’s ZTE Corp, shares of the telecommunications equipment maker surged by 3.8% in Hong Kong.…
The Chinese facial recognition startup has attracted loads of investor attention so far this year. On Friday, as per a Bloomberg report, SoftBank Group Corp’s Vision Fund intends to invest nearly $1 billion in Chinese facial recognition startup, SenseTime Group Ltd. SoftBank’s Vision Fund and SenseTime are finalizing the terms of the deal and the…
Once the Trump Administration’s $200 billion tariff list, which currently is in the public comment period, comes into play, U.S. consumers are likely to see a price hike in consumer goods that are assembled in China. According to U.S. government’s rulings on tariffs, the latest round of trade tariffs on $200 billion of Chinese imports…
Although much of its core apps, including Google Search, email and appstore have been blocked in China, the launch of Caihua Xiaoge, a drawing game based on its image recognition technology, is aimed at gaining a toehold in the Chinese market. On Wednesday, in a development that underscores Alphabet Inc’s intention to re-enter China’s consumer…
With China’s Didi Chuxing Technology Co, launching its operations in Mexico in April 2018, Uber is under pressure to consolidate and expand its footprint in the remaining 11 Mexican states where regulations are not exactly friendly to ride-hailing services. In a move that marks Uber Technologies’ commitments to Mexico, the ride services firm disclosed it…
Didi Chuxing, which gained prominence in China after it bought Uber’s operation in China, is also diversifying in the food delivery services. According to several sources with direct knowledge of the matter at hand, China’s Didi Chuxing Technology Co Ltd, a ride hailing firm, aims to spin off its car services unit ahead of its…
China-based Luenmei Quantum Co and Samsung Catalyst Fund led investors in Mantis Vision’s latest funding round. On Monday, Mantis Vision, a high-tech Israeli firm which is in the business of providing 3D content and sharing technologies, stated it had raised $55 million in a funding round led by Samsung Catalyst Fund and China-based Luenmei Quantum…
With China slowly loosening regulation on foreign investments, investments and more JV are expected. The trade war with the U.S. is pushing Beijing to play nice with foreign investors. On Thursday, BMW disclosed it was in the process of developing a joint venture with a Brilliance, a Chinese firm. The German carmaker did not confirm…
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