Times of India — NEW DELHI: Chinese smartphone maker Lenovo, which owns the Motorola brand, plans to nearly double local production to 10 million units annually next year, as it aims to become the No. 2 smartphone brand in the fastest growing market worldwide. The company also plans to export from its existing facility in Chennai and will add more models from both brands to be made locally. Lenovo plans to bring the popular phone customization programme Moto Maker to India, after launching it in the US and Brazil.
The Malaysian Reserve — Hengtong Group Co Ltd (Hengtong), China’s largest industrial optic cable producer by volume, plans to set up an industrial base in Malaysia by 2018, according to the company’s top official. Hengtong Group deputy president Forest Wang said the move would allow the company to tap into the growing market in Malaysia as well as the rest of Asean.
Enterprise Innovation — China will lead the Asia-Pacific region in online spending this holiday season with $150 billion in sales forecast, new research from Adobe Digital Index reveals. China’s booming economy has led to the highest anticipated online spend in the region (55 percent), with nearly half of the country’s consumers surveyed (49 percent) predicting an increase in their online spend for the period.
Tech in Asia — At a speech on Thursday at the APEC conference, Jack Ma told a story that probably made some venture capitalists cry. Yes, it’s true – there are VCs that had the chance to get in on Alibaba fifteen years ago, and they didn’t. Why? Let’s let Jack Ma explain:
Gross merchandise volume for Alibaba Group’s 11.11 global shopping festival reached $14.3 billion this year or 60 percent higher than last year’s sales of $9.3 billion. In the first 90 minutes alone of the 24-hour online shopping marathon, the Chinese e-commerce giant said $5 billion of GMV was already settled through Alipay, 70 percent of which were on mobile.
PRNewswire — BEIJING: UC Browser, the flagship mobile browser of UCWeb, an Alibaba Group company, has touched a new milestone of becoming the world’s second most popular mobile browser with 17.42% market share, according to StatCounter – an independent web traffic analytics service. This recent achievement coincided with the browser’s consistent rise in its overseas markets, as it clocked in more than half of mobile browsing market share (54.42%, per StatCounter) in October 2015 in India and attained a share of 49.05% (per StatCounter) in October 2015 inIndonesia, the second and third populous country in Asia.
GLOBE NEWSWIRE — BEIJING: ChinaCache International Holdings Ltd. (“ChinaCache” or the “Company”), the leading total solutions provider of Internet content and application delivery services in China, today announced that it entered into a strategic agreement (“Agreement”) with AMS-IX (Amsterdam Internet Exchange), a Netherlands-based independent Internet Exchange, to develop the first Internet Exchange in Mainland China.
Alibaba today launched the Taiwan Entrepreneurs Fund officially. The company did the same earlier today for its Hong Kong fund. We’ve adjusted the US dollar amount based on today’s exchange rate. The original March 2 article written by Josh Horwitz continues unchanged below.
Digi Times — Shipments of smartphones in India totaled 28.3 million units in the third quarter of 2015, up 21.4% from 23.3 million units shipped for the same period of a year earlier, according to IDC. In the third quarter, the 4G enabled devices have witnessed almost a three-fold increase in unit shipments over the previous quarter, IDC noted.
Digi Times — China-based vendor Lenovo has announced plans to replace its Vibe brand mid-range and high-end smartphones with its Lemon series and Motorola branding products, according to a China-based tech.qq.com report. In the future, Lenovo will market smartphones under Lemon and Motorola brands, respectively, in the China market, said the report, citing Chen Xudong, president of Lenovo’s Mobile Business Group.
Tech in Asia — I was dining alone at a hotel in Bangalore when an Indian stranger came up to me. He asked, “can I join you?” I was surprised by his forwardness. No one does that in Singapore where I come from. This behavior, I later found out, is common in India. After learning about what I do, he peppered me with questions about the tech industry. Returning the favor, I asked him about the brands he uses.
Metering — South Korean telecoms operator KT announced that its chairman Hwang Chang-kyu met the CEOs of China’s state-owned telecommunication company China Mobile and NTT DoCoMo, Japan’s operator, to discuss ways in which the three operators could promote their cooperation in the 5G sector, reports The Korea Herald. The Strategic Cooperation Framework Agreement (SCFA) meeting took place in Shizuoka, Japan, and was attended by CEOs and executives of the telecoms companies.
Tech in Asia — Investments in China’s tech companies and startups “soared” in the first half of the year, says a new report (PDF link) this week from PricewaterhouseCoopers. All the funding thrown at Chinese web and tech firms “in H1 2015 were almost the same as the full-year total of 2014.”
Times of India — Apple Inc plans to launch its mobile payment system Apple Pay in China by early February, the Wall Street Journal reported. The iPhone maker has struck deals recently with China’s big four state-run banks, the newspaper reported, citing people familiar with the discussions.
livemint — New Delhi: Chinese computer technology company Lenovo Group Ltd is betting on India’s e-commerce sector to accelerate growth for its enterprise segment which sells servers and storage, catering to the networking needs of web companies. Taking on the bigger rivals including Hewlett Packard Enterprise and Dell Inc. with the renewed India strategy, the company is eyeing a bigger piece of India’s datacenter infrastructure market.
China Tech News — Now that Alibaba almost owns China’s top online video site, what does this mean for investors and company management at the acquired business? Announced this week right before the big e-commerce event of Singles’ Day, Chinese e-commerce group Alibaba and Internet video group Youku Tudou jointly announced that the two parties have reached an agreement, under which Alibaba will acquire Youku-Tudou in cash.
Tech in Asia — Alibaba founder and chairman Jack Ma says he never thought he’d someday stand in front of the world’s finest minds to talk about his dream. But today, he did just that in Manila, where leaders of 21 countries and executives of Fortune 500 companies gathered for the Asia-Pacific Economic Cooperation Summit.
China Tech News — The e-commerce giant Alibaba Group is reportedly planning a newspaper investment in Hong Kong’s South China Morning Post, according to multiple reports in Chinese local media. However, neither side has commented on or verified the news. South China Morning Post is reportedly the largest English-language newspaper in Hong Kong, with a circulation of about 110,000 copies. Founded in November 1903, it has a history of about 108 years.
Tech in Asia — When you think of online shopping events in China, I’m sure Singles Day comes to mind. And with good reason: it’s not only the biggest online shopping event in the Middle Kingdom, it’s the biggest online shopping event in the world. But Alibaba has another seasonal shopping event, and this one might be more important in the long run.
LA Times — Internet users in America voiced outrage this fall over the imminent launch of a Yelp-style app intended to let anyone post public reviews of their friends, acquaintances and yes, enemies — with no opt-out option. The outbursts prompted the creators of the app, Peeple, to reconsider. But in China, government authorities are hard at work devising their own e-database to rate each and every one of the nation’s 1.3 billion citizens by 2020.