Google Inks $1.1 Billion Deal Investing In Taiwan’s Smartphone Maker HTC

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.

Xiaomi Wins In India As Smartphone Shipments Quadruple In Q1

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 …

Huawei Reclaims Title Of China’s Largest Smartphone Maker In Q1

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 …

Smartphone Will Drop To Single Digit Growth Led By China Maturation

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 …

Alibaba Invests $590M In Smartphone Maker Meizu

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.

Venture-Backed Xiaomi Sold 61.1M Smartphones In 2014

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.

Chinese Smartphone Maker Meizu Receives $320M Financing

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 …

Qihoo 360 Invests $409M In Smartphone Joint Venture With Coolpad

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 …

Intel Capital Makes Series A Investment In Gotye

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.