Singaporean hotel booking and management platform RedDoorz raises $70 million in latest funding round

RedDoorz is faces strong competition from Softbank-backed OYO. RedDoorz, a Singaporean hotel booking and management platform, has raised $70 million in its ongoing funding round. This is its second funding round so far in 2019. Asia Partners, a Singaporean private-equity firm is leading the funding round, which also saw the participation of Mirae Asset-Naver Asia…

U.S. tariffs on China provide an edge to Samsung Electronics’ products

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…

Samsung Electronics prunes production midst falling market share in China

Samsung’s Chinese rivals have increased their respective market share at Samsung’s expense. South Korea’s Samsung Electronics Co Ltd stated it plans on pruning the production of its smartphones in China following a fall in market share. Domestic Chinese rivals have squeezed its share in China to less than 1%. The plan to reduce the output…