Chinese telecom device maker Huawei opened a new research and development organization in Southern France. Located at Sophia Antipolis, this new R&D unit currently has 20 engineers and it will add ten more engineers by the end of 2014. Most of those engineers previous worked for Texas Instruments.
Qualcomm is being urged by a top Chinese regulator to make money in the country in tandem with its local partners. On Wednesday, Lu Wei, the head of China’s State Internet Information Office, weighed in on the country’s anti-monopoly investigation into Qualcomm. He was speaking at a panel during a World Economic Forum event in Tianjin, China, where Qualcomm’s executive chairman Paul Jacobs was also among the speakers.
The younger generation in Singapore and other Asia Pacific countries are adopting WeChat, a mobile social communication application for smartphones, in droves. According to GlobalWebIndex (GWI), a market research company specialising in online consumer behaviour, WeChat’s active user base has increased over 55% from Q2 2013 to Q2 2014 globally, with Singapore’s growth attributed at 60%.
The most fierce and fascinating tech battle going on in China right now is for US$300 smartphones. Despite the low price tag, these phones have grand ambitions and big muscles – enough for them to steal sales away from Samsung, HTC, and even the iPhone. While that’s good news for consumers, it’s a tall order for phone-makers to make a phone for that little money which still feels ‘premium’. US$300 is the new high-end for many in China; shoppers have big demands of these phones.
Microsoft has established a new wholly-owned subsidiary in Shanghai named Microsoft Asia-Pacific Technology Limited, which will focus on the global research and development of the Microsoft cloud operating system. The wholly-owned subsidiary is based around the Chinese teams of Microsoft cloud computing and corporate departments. It will mainly focus on the global development of Microsoft’s cloud operating system, covering Microsoft Azure, Windows Server, SQL Server, payment platforms, and development tools.
NEW YORK: The Dow on Friday (Sep 19) notched its third straight record high in mixed Wall Street trade as shares of Chinese Internet company Alibaba soared following a record initial public offering. The Dow Jones Industrial Average advanced 13.75 points (0.08 per cent) to close at 17,279.74. The S&P 500 finished down 0.96 of a point (0.05 per cent) at 2,010.40, narrowly missing a record high a day after setting one. The tech-rich Nasdaq Composite Index fell 13.64 (0.30 per cent) to 4,579.79.
15 years after first starting up, China’s top ecommerce company, Alibaba (NYSE:BABA), today listed on the New York Stock Exchange in a huge, record-breaking IPO. After earlier pegging its shares at $68 a piece, Alibaba actually debuted – just over two hours after markets opened – at $92.70 per share. The shares nearly hit $100 in the opening few minutes before settling down to $94 at the time of publishing.
Despite ambitions of boosting its enterprise business, Huawei is still finding the US a difficult market to crack. The Chinese tech giant is perhaps best known for making networking equipment for telecoms operators, though in recent years it has also been building up its enterprise tech and smartphone businesses. Speaking to journalists in Shanghai, William Xu, executive director and head of strategy at Hauwei, said the company will work to boost its enterprise business in the US
According to China’s Caixin (hat-tip Forbes ), the new division will make use of Tencent’s existing intellectual property from its gaming and comics divisions. Among the seven films that Tencent claims are currently in pre-production, four of them originate from one of the company’s video games. It’s also working on an adaptation of Mo Yan’s novella “Treasure Map.” Tencent COO Ren Yuxing said in a statement that the company aims to merge content across its numerous branches, while creating a movie viewing experience that integrates both the online and offline worlds.
Shanghai — The U.S. Market remains on the focus of Huawei, although the U.S. government has labeled the Chinese giant IT and telecommunications company as a security threat. The main driver to grow in the U.S. market relies on the enterprise business, which, according to top executives listened by RCR Wireless News has “a pretty good development.”
For iPhone users who found Apple’s default iOS keyboard too finicky, the company’s allowance of third-party keyboards for iOS 8 marked a cause for celebration. But while English speakers (or perhaps more accurately, Romance language speakers) are going gaga over SwiftKey and Fleksy for iPhone, in China, people are flocking to keyboards offered up by domestic giants Baidu and Sogou.
The Central Government Procurement Center established by the China government through cooperation with China-based e-commerce operators Tmall and Suning, has set up the Central Government Procurement Online Store to host government procurement open-bids, and Acer has been selected as a candidate supplier for desktops, notebooks, AIO (all-in-one) PCs and cloud computing servers. Other Taiwan-based candidate suppliers are Asustek Computer and Advantech for cloud computing servers and Arora for printers, according to industry sources.
With trading starting on the New York Stock Exchange later on Friday, the share sale will raise $21.8bn, making it one of the largest flotations ever. It values Alibaba, which accounts for 80% of all online retail sales in China, at $167.6bn. That value surpasses such corporate titans as Walt Disney and Boeing. The final amount raised from the sale could change, depending on the final allotment allocation.
Infosys Ltd, India’s second-biggest IT services provider, said it had signed a partnership agreement with Huawei Technologies Co Ltd to offer enterprise customers cloud computing services. Infosys also said it had expanded existing cloud computing partnerships with Microsoft Corp and a Hitachi Ltd unit. Infosys, led by chief executive Vishal Sikka, has been planning to boost investment in cloud computing, smartphone apps and other new technologies to win more high-margin outsourcing contracts.
TAIPEI, Taiwan — China Mobile Ltd. Chairman Xi Guohua (奚國華) visited the headquarters of Taiwanese smartphone maker HTC Corp. (宏達電) Thursday as part of a business trip to seek further cooperation in fourth-generation (4G) and more advanced wireless technology. Xi arrived at HTC’s headquarters in New Taipei City’s Xindian District and was welcomed by HTC Chairwoman Cher Wang (王雪紅) and HTC Chief Executive Officer Peter Chou (周永明).
Tencent has signed a deal with western tech blog The Next Web to be the latter’s exclusive content partner for Greater China. The announcement published today says Tencent has exclusive rights to translate The Next Web’s content into Chinese. The new site for all translated content can be found here , under the umbrella of Tencent’s existing QQ Tech website. No financial dealings were discussed in the announcement. In February 2013, Tencent signed a similar deal with US-based Business Insider.
While there have been many 4G smartphones for sale at retail prices of CNY1,000 (US$163) or below in the China market, China-based vendors including Coolpad and Lenovo are expected to launch models for sale at CNY500 or below by the end of 2014, according to president He Ning for China Mobile Device, a wholly-owned subsidiary of China Mobile. 4G smartphones priced at up to CNY500 will be mainly support TD-LTE, TD-SCDMA and GSM, with chip solutions to be provided by Taiwan-based MediaTek, He said.
Alibaba will be the third-biggest internet company in the world by market cap if analysts’ estimates hold up. It will surpass both US ecommerce giant Amazon and Chinese rival Tencent. Chinese companies take up four of the top 10 spots and make up three of the top six. Baidu (NASDAQ:BIDU) sits at number six, while JD (NASDAQ:JD) rounds out the top 10. Google (NASDAQ:GOOGL) leads by a long shot with nearly twice the market cap as runner up Facebook (NASDAQ:FB).
In the run-up to Alibaba’s earth-shaking IPO, the ecommerce titan has been all but silent during its customary “quiet period.” But 2014 as a whole has been a busy year for the firm. Alibaba has invested in or bought outright multiple companies both at home and abroad, spending so much money that some have referred to 2014 thus far as Alibaba’s “bachelor party.”