Digi Times — Wuhan, Hubei province will likely be chosen to develop China’s home-grown DRAM industry, according to DRAMeXchange. Wuhan Xinxin Semiconductor Manufacturing (XMC), a local 12-inch foundry, will serve as the main production base for DRAM. Wuhan is set to beat out five other candidates for China’s DRAM production hub, said DRAMeXchange.
IT News — PayPal will buy digital money transfer provider Xoom for US$890 million (A$1.2 billion) as it muscles into a growing international remittance market and expands in countries like Mexico, India and China ahead of a spinoff from eBay. The offer price of US$25 per share in cash represents a premium of about 21 percent to Xoom’s closing price of US$20.70.
IT News — China’s legislature has adopted a sweeping national security law that covers everything from territorial sovereignty to measures to tighten cyber security, a move likely to rile foreign businesses. A core component of the law, passed by the standing committee of the National People’s Congress (NPC), is to make all key network infrastructure and information systems “secure and controllable”.
Network Aasia — Brocade has announced a new OEM partnership with Dawning Information Industry Co. Ltd. (Sugon), one of the high-performance computing vendors formed under the purview of the Chinese Academy of Sciences. The partnership is focused on incorporating Brocade VCS Fabric technology with Sugon’s data center solutions, specifically for the Chinese market.
Shanghai Daily — CHINA’S dominant Internet search engine Baidu Inc yesterday said it would invest 20 billion yuan (US$3.2 billion) over the next three years on online-to-offline services, including group-buying service Nuomi. “Right now Baidu has over 50 billion (yuan) in cash on its books,” said CEO Robin Li in a press release. “We’re going to take 20 billion of that and do Nuomi right.”
THE music streaming world just got a whole lot more competitive, especially in Malaysia, with a new player joining the ranks of Spotify, Deezer and Raku in an already crowded marketplace. On June 26, Tencent Holdings Ltd introduced Joox, its online music streaming service. Tencent is also the owner and operator of the hugely popular WeChat instant messaging software.
Want China Times — Chinese internet video site Leshi TV (LeTV), one of the newer entrants to China’s smartphone sector, has purchased an 18% stake in domestic phone maker Coolpad through a Hong Kong subsidiary. The shares reportedly cost LeTV 2.19 billion yuan (US$353 million), making it the second-largest shareholder in Coolpad, reports Sina’s tech new portal.
Digi Times — China’s software industry generated total revenues of CNY1.588 trillion (US$255.1 billion) in January-May 2015, growing 17.1% on year, according to the Ministry of Industry and Information Technology (MIIT). The total value for exports of software products and services in the same period was US$19.3 billion, accounting for 7.57% of the total revenues and rising 5.4% on year.
IT Web Africa — Chinese telecoms equipment and systems firm, ZTE has partnered with Africa’s largest mobile operator, MTN, to launch an Internet of Things (IoT) platform on the continent. South African headquartered MTN has more than 229 million subscribers in 22 countries in Africa, Asia and the Middle East, and plans to provide next-generation services to customers across each of its markets.
Times of India — BEIJING: Huawei Technologies Co Ltd’s Honor brand has sold 20 million smartphones in the first half of 2015 and by should reach its goal of 40 million shipments by the year end, double the 2014 figure. Honor’s sales amounted to $2.6 billion of revenue during the first half of the year, Honor President George Zhao said at the launch of the Honor 7 phone in Beijing.
Want China Times — A subsidiary of Taiwan’s leading laptop contract maker, Wistron Corp, teamed up Tuesday with Chinese handset maker ZTE Corp. to offer a multimedia app that enables live-streaming TV programs and voice calls via the Internet. The Witsmart app is developed by Wistron Information Technology & Services (Wistron ITS) and comes preloaded initially only with the ZTE Blade S6 Plus smartphone, which went on sale in Taiwan Tuesday at NT$9,888 (US$320) through the PChome online store.
Want China Times — Although Chinese e-commerce giant Alibaba has not yet opened operations in the US, the rapid development of US e-retailer Amazon, particularly in cloud computing, poses a great challenge to Alibaba, the Shanghai-based China Business News reported. Alibaba created a miracle in September 2014 as its shares soared 38% on its first trading day after a record-breaking initial public offering (IPO) on the New York Stock Exchange (NYSE). The rise in its stocks sent the company’s value to over US$231 billion, exceeding the combined market capitalizations of Amazon and eBay, the two leading US e-commerce companies.
Digi Times — Global DRAM module sales totaled US$8.8 billion in 2014, up 21% from US$7.3 billion a year earlier, thanks to more stable prices for PC DRAM as well as a rising ratio of contract sales, according to DRAMeXchange. DRAM prices held steady throughout 2014, said DRAMeXchange. Contract prices for 4Gb DDR3 chips came to US$3.65 on average, representing an 18% increase over US$3.10 in 2013.
Market Wired — NEW YORK, NY: China Telecom, India’s Infosys and South Korea’s Samsung Electronics Co.are among the top-ranked companies in Institutional Investor’s inaugural ranking of Asia’s Best Analyst Days. To be successful, an analyst day — or capital markets day, as the events are sometimes called — must provide an opportunity for portfolio managers and sell-side researchers to get to know the executive teams of the companies they cover, learn about their short- and long-term objectives, gain a greater understanding of the business dynamics, and have their questions answered promptly and thoroughly.
Digi Times — There were 1.292 billion subscribers of mobile communication services in China as of the end of May 2015, slipping 0.05% on month but growing 2.86% on year, and 455.84 million (35.27%) of them were 3G users, 200.77 million (15.54%) 4G ones and 896.94 million (69.40%) had mobile Internet access, according to China’s Ministry of Industry and Information Technology (MIIT).
The recent announcement by China-based Semiconductor Manufacturing International (SMIC) to form a joint venture with Huawei, Qualcomm and Belgium-based microelectronics research institute IMEC to develop and produce advanced semiconductors could be another milestone for China’s goal of ramping up the local production of IC parts.
IoT Evolution World — In an announcement made June 29, Juniper Research reported that it expects the Far East and China region to account for 22 percent of all global cellular M2M connections by 2019, which is a substantial increase from 2014, when it was at 15 percent. The new research, called “M2M & Embedded Devices: Strategic Analysis and Vertical Market Forecasts 2015-2019,” found that concerted efforts by China’s major carriers, particularly in smart metering and connected cars, will account for the rise of connected devices in China.
Digi Times — Broadcom has announced a series of MoU agreements with several China-based companies, including Hangzhou H3C Technologies, Inspur and StarTimes. The signing of these agreements reflects Broadcom’s ongoing commitment to expand strategic relationships in Asia and drive further innovation in home entertainment and the digital home, the chip vendor said.
Datacenter Knowledge — Aliyun, the cloud services arm of Chinese web giantAlibaba, saw its Hong Kong data center go down for about 12 hours earlier this week, Caixin Online reported. Details about the cause of the outage are unavailable, and an Alibaba spokesperson did not respond to a request for comment. The company has offered two conflicting explanations about the outage, according to the report.
Datacenter Knowledge — California-based data center provider Server Farm Realty has struck a partnership with Chinese counterpart 21Vianet to provide services to customers in the US and China. Initially, 21Vianet is using SFR’s Silicon Valley data center to host customer equipment. Demand for data center space in the Silicon Valley is currently very high, and a lot of it comes from Chinese technology companies.