While Apple’s market share in China have shrunk significantly, those of domestic smartphone makers including most notably Huawei, have expanded. Chinese consumers view those using iPhones as traitors. While Apple’s iPhones may be cost effective, unless it targets the core issue of nationalism, it would be surprising if it were to make any significant headway.…
The forward-looking purchase of the stake is of strategic significance as it revolves around the future of mobility. In a strategic move, Volkswagen has purchased a controlling stake in Volvo’s WirelessCar, a digital service developer which specializes in connected driving, for $122 million (1.1 billion Swedish crowns). In a statement Volkswagen stated, WirelessCar’s technology would…
The development will have short term consequences for SoftBank given its relation with Huawei; it will find it hard to replace the pre-existing Huawei network equipment that has been customized to its requirements and thus is not easily interchangeable. On Monday, Japan’s Kyodo News News reported, the three biggest telecom operators of Japan, do not…
Vista Equity Partners is in the business of acquiring mostly software firms, sold Marketo, a marketing software firm to Adobe Inc for $4.75 billion in September 2018. Two years after going public, software company Apptio Inc has agreed to be acquired by private equity firm Vista Equity Partners for $1.94 billion. The all-cash deal sees…
The development comes midst allegations that Fujian Jinhua Integrated Circuit Co Ltd stole intellectual property from U.S. chip company Micron Technology Inc. In a strategic development, U.S. President Donald Trump’s administration has placed Chinese state-backed chipmaker Fujian Jinhua Integrated Circuit Co Ltd on a list of entities that cannot purchase components, software and technology goods…
The potential sale will augment Japan’s capability to assess the situational awareness of air and naval activity in the Pacific region. As per a statement by the U.S. State Department, the potential sale of upto 9 E-2D Advanced Hawkeye Airborne Early Warning and Control aircraft have been approved for Japan. The estimated cost of the…
Through this app, users can browse through products and buy them directly. The Verge has reported citing two sources familiar with the matter at hand as saying, Facebook Inc-owned Instagram is working to create a new standalone shopping app through which users can browse through goods and buy them directly. It is not clear when…
KKR’s investment will allow AppLovin to grow as it places systemic structures that will enable to become a public limited company. Private equity firm KKR & Co disclosed it will acquire a minority stake in AppLovin Corp for $400 million. The development comes in the wake of Washing forcing the U.S. mobile marketing firm to…
The deal will see America Tower Corporation rise to the top 5 players in the African continent, with Kenya alone having 41 million mobile subscribers. The deal appears to be long term cost synergies. On Monday, America Tower Corporation stated it will acquire Telkom Kenya’s transmission towers business for an undisclosed amount. The deal, expected…
Once the deal comes through, it could provide much faster alternatives to existing Wi-Fi connectivity on airplanes. As per a Bloomberg report, citing sources familiar with the matter at hand, Alphabet Inc’s Google is negotiating with Nokia Oyj to purchase its airplane broadband business. The purchase could enable Google to provide faster alternatives to existing…
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