Verizon Wireless, the U.S.’s largest telecom service provider, is reportedly under political pressure to cancel a deal with China’s Huawei Technologies Co., Ltd. to sell its flagship smart phone Mate 10 Pro.
Alphabet subsidiary Google announced today that it has signed a US$1.1 billion agreement with Taiwanese smartphone maker HTC Corporation, in which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive US$1.1 billion in cash from Google as part of the transaction. Separately, Google will receive a non-exclusive license for HTC intellectual property.
Chinese smartphone maker Huawei Technologies Co., Ltd. plans to build a factory in Japan for network equipment production, in the first full-scale factory to be built by a Chinese company in Japan.
Chinese smart phone maker Xiaomi Inc. has signed a strategic partnership agreement with the Hubei provincial government to establish a Xiaomi Yangtze Industry Fund in conjunction with the province’s government guidance fund, known as the Yangzte River Industry Fund.
Chinese smartphone marker Xiaomi Inc. is gaining market share in India, shipping a total of four million units to that nation during the first quarter, up 400% year-on-year and 24.3% quarter-on-quarter, according to a research report released today by Canalys. Xiaomi’s shipments accounted for 14% of all smartphone sales in the Indian market, up three percentage points from a year earlier. The Chinese smartphone marker is the second largest player in India, following Samsung, which took a 22% share of …
Chinese technology giant Huawei Technologies Co. has overtaken Guangdong Oppo Mobile Communications Co. to reclaim the title of China’s best-selling smartphone maker during the first quarter. Huawei increased phone shipments by 25% year-on-year to almost 21 million units during the first three months of the year, beating former title holder Oppo’s 20 million, according to a report by market research firm Canalys. Huawei’s total market share came in at 18%, slightly higher than Oppo’s 17% and well ahead of third …
Chinese electronics firm Truly Electronics has agreed to acquire a 2.3% stake in LeEco Zhixin Electronic Technology Co., Ltd, a smart TV unit under troubled Chinese technology firm LeEco, for RMB720 million (US$104 million), according to a company announcement.
Chinese smartphone shipments totaled 476.5 million in 2016, up 11.4% year-on-year, registering a strong recovery after the annual growth rate dropped to 1.9% in 2015, according to research company Canalys.
Chinese smartphone maker Smartisan Technology Co., Ltd., founded by former English teacher and Internet celebrity Luo Yonghao, has raised RMB300 million (US$43.5 million) in a new funding round from existing investors, according to Chinese media reports.
The year of 2015 is likely to be the last year of double-digit smartphone growth, as the Chinese market transitioned to single-digit increase last year, according to new data released by the International Data Corporation (IDC). There were 1.44 billion smartphone shipments worldwide, up 10.4% over year-on-year. The number is projected to hit 1.5 billion, up 5.7%, says IDC forecasts. "The mature market (including the U.S. and Western Europe) slowdown has some grave consequences for Apple, as well as the …
Smartphone shipments in China grew 3% annually to hit a record 438 million units in 2015. Xiaomi maintained first position and captured 15% smartphone market share in the country, according to the latest research from Strategy Analytics.
Yang Yuanqing, chairman and chief executive of Lenovo Group Ltd., says he expects smartphone demand in Brazil and India to compensate the decelerating Chinese market, and to contribute to the company’s bottom line in the next few quarters, according to Chinese media reports.
The smartphone unit of Chinese online video firm LeTV Holdings Co., Ltd. has raised US$530 million in its first round of financing from undisclosed investors, according to an internal letter sent to staff by the company’s founder.
Shenzhen-based Idea International Development Limited, a smartphone 4G LTE solution provider, has completed US$35 million series A round of financing from an undisclosed investor, according to Chinese media reports.
Chinese e-commerce giant Alibaba Group Holding Limited says it has agreed to invest US$590 million for a minority stake in Zhuhai city, Guangzhou province-based Chinese smartphone maker Meizu Technology Corporation Limited, according to a company announcement. In December 2014, media reports surfaced that Meizu has received RMB2 billion (US$320 million) of financing cumulatively from an undisclosed financial investor.
Beijing-based Chinese smartphone maker Xiaomi Inc., backed by numerous venture and private equity investors, sold 61.1 million smartphones and recorded pre-tax sales of RMB74.3 billion (US$12 billion) in 2014, up 227% and 135% over a year earlier, respectively, according to a posting on the official Weibo account of Xiaomi’s founder and CEO Lei Jun.
Zhuhai city, Guangzhou province-based Chinese smartphone maker Meizu Telecom Equipment Co., Ltd. has raised RMB2 billion (US$320 million) of financing cumulatively from an undisclosed financial investor, according to Chinese media reports. Representatives of Meizu did not reply to inquiries to confirm the news, but the report says this is the only external investment the company has received so far. Founded in 2003, Meizu shipped around two million phones in 2013 with revenue of RMB5 billion (US$810 million). The company is …
Chinese security software firm Qihoo 360 Technology Co. Ltd. says it has invested formed a strategic partnership with Chinese smartphone maker Coolpad Group Limited, and it is investing US$409 million in cash to take a 45% stake in a joint venture to be established with Coolpad, according to a company announcement. The joint venture will primarily focus on creating a strong smartphone brand named "Dazen", while leveraging Coolpad’s smartphone manufacturing experience and Qihoo 360’s capabilities in mobile app development and …
Shanghai-based cloud communication services platform Gotye has received around US$10 million series A investment from Intel Capital, the venture investment arm of U.S. chip maker Intel Corp Corporation, according to media reports. Intel will help Gotye expand its cloud-based communication services to smartphones and smart devices. Gotye also plans to launch more mobile apps including short video and real-time video.
Despite being the largest smartphone market, mobile marketing in China is lagging behind compared to other countries, according to a new report issued by Forrester Research, Inc.
The worldwide smartphone market grew 23.1% year-over-year in the second quarter of 2014, establishing a new single quarter record of 295.3 million smartphone shipments, according to preliminary data from the International Data Corporation (IDC).