Japan Display’s bailout plan got slightly derailed following the withdrawal of Harvest Group, a Chinese investment firm from the bailout consortium. Following a sudden withdrawal of a Chinese investor group from its bailout plan, Japan Display Inc, an Apple Inc supplier stated, it aims to clinch a deal for least $468 million (50 billion yen)…
Huawei has partnered with not only Malaysia’s Maxis Bhd, the country’s second largest mobile network operator by subscriber, but has also signed preliminary 5G agreements with Maxis rivals such as Axiata Group Bhd’s Celcom, as an added pressure. In a significant development, Malaysia’s Maxis Bhd stated, it has signed an agreement with China’s Huawei Technologies…
Although Shinhan Financial Group Co Ltd’s investment was not disclosed, the funding round saw Bukalapak valued at more than $2.5 billion. On Friday, Indonesian e-commerce startup Bukalapak stated, South Korea’s Shinhan Financial Group Co Ltd has participated in its latest funding round which valued the company at over $2.5 billion. Bukalapak did not disclose the…
Following Twitter and Facebook taking action against Chinese state-backed efforts aimed at discrediting the Hong Kong protests, YouTube has followed on their footsteps. Following Twitter and Facebook dismantling influence campaigns originating from mainland China aimed at disrupting the ongoing Hong Kong protests, Alphabet Inc’s Google also said, its YouTube video streaming service has disabled 210…
While the Chinese government wants to promote its views on western social media platforms, it has blocked its citizens from accessing Twitter and Facebook in the mainland. On Tuesday, following Facebook and Twitter dismantling China’s state-backed campaign to malign and undermine concerns raised by the citizens of Hong Kong, China said it had a right…
Here is why relocating Apple’s supply chain from China makes business sense. U.S. President Donald Trump disclosed he has had a discussion with Apple Inc’s Chief Executive Officer Tim Cook on the impact of U.S. tariffs on Chinese imports as well as competition faced by Apple from South Korea’s Samsung Electronics Co Ltd. Cook “made…
Despite its launch, Huawei is continuing to stick to Android to support its app developers. Without apps there will not be a market for its OS. On Friday, Huawei Technologies launched its proprietary operating system for smartphones and other devices. Following continued theft of U.S. intellectual property, in May 2019 the U.S. had imposed curbs…
Huawei’s Hongmeng will face challenges from Google’s Android operating system. Huawei’s first quarter sales rose on domestic demand. The overseas market for its smartphones has tanked. On Monday, as per a report from China’s state media Global Times, Huawei Technologies Co Ltd is set to release its own mobile operating system, Hongmeng, by the end…
The autonomous driving unit will function as an independent company. On Monday, China’s ride hailing firm Didi Chuxing stated it has launched an autonomous driving unit as an independent company. The business will focus its resources on research and development activities as well as deepen its collaboration with automakers. Zhang Bo, Didi’s chief technology officer…
China aims to certify the plane as air worthy by the end of 2020 – a target analysts view as highly ambitious given that the flight time of the test planes. On Thursday, in a significant development, China flew the fourth prototype of its home-built C919 narrowbody passenger plane which completed its first test flight.…
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