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…
Qualcomm is set to use NXP’s assets to diversify its business. According to a South China Monitoring Post report, China’s regulators have approved U.S. chipmaker Qualcomm Inc’s $44 billion merger deal with NXP Semiconductors. According to sources familiar with the matter at hand, the decision by China’s Ministry of Commerce clears a multi-months roadblock which…
Google is ramping up its efforts to gain more strategic size in China, the world’s biggest smartphone market. On Thursday, in a strategic step aimed at increasing its footprint in China, Alphabet Inc’s Google Inc launched a file management tool in several Chinese app stores. The Chinese market, the biggest smartphone market in the world,…
Listing out the serious challenges posed by digital currencies, Federal Reserve Governor Lael Brainard opined blochain technology, the underlying technology that powers them, could be harnessed for facilitating and easing bank-to-bank transactions, as well as for payments in financial markets. In what is likely to be one of the Federal Reserve’s most detailed critiques of…
In a significant shift in its patent licensing strategy Qualcomm’s licensing chief stated its new licensing model is aimed at winning customers and easing regulatory concerns. In a strategic change of tactics, Qualcomm Inc’s patent licensing chief stated, the company has broadened its licensing model in order to lower licensing costs for the next generation…
The strategic move could help ease antitrust concerns for Chinese regulators. In a strategic move, NXP Semiconductors NV, a U.S. chipmaker who was the target of a $44 billion takeover bid by Qualcomm Inc, sold its stake in a Chinese chip design joint venture firm. As per a stock exchange filing, NXP sold its 40%…
Sony Corp is the latest tech firm vying for market share in Japan’s highly regulated ride-hailing market and is set to partner with Daiwa Motor Transportation and 4 other domestic Japanese taxi firms for the same. On Tuesday, Japan’s Nikkei newspaper reported, Sony Corp is to become the latest tech firm which is jockeying for…
China’s reputation in the cyber sphere precedes it. China Telecom is expected to start operations in the Philippines from the 1st quarter of 2018. On Thursday, ahead of the entry of Chinese firms in Philippines telecom market, the country is making heightened efforts to beef up cybersecurity measures midst national security concerns. Many senators have…
On October 17, the U.S. and China signed an agreement that allows regulators on both side to certify design, production and air worthiness of its airplanes parts and passenger jets. On Thursday, China’s aviation safety regulator stated it has recently signed an agreement with the U.S. aimed at streamlining the certification of aircraft parts and…
“The game has started,” – Mark Llistosella, Daimler Trucks’ Asia chief. In what is slated to be another milestone in the transportation industry, Daimler AG stated that its new battery powered eCanter truck will be commercially used by United Parcel Service Inc, its first U.S. commercial customer for its battery-powered eCanter truck. Daimler has stated…
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