West Coast Financial Editor in Charge
Edwin's Feed
Mar 3, 2015

Exclusive: Huawei plans big push to sell its phones, wearable devices in U.S.

SAN FRANCISCO/BEIJING (Reuters) – Two years after U.S. legislators branded it a national security threat, China’s Huawei Technologies Co Ltd [HWT.UL] is planning a campaign to win over U.S. consumers, rolling out new mobile phones and wearable devices backed by a marketing effort.

China’s second-largest smartphone maker, already with more than $40 billion in annual revenue from a wide range of telecom gear and products, is preparing to introduce Americans to several of its smartphones and wearable devices this year, including its youth-oriented “Honor” phone, Huawei officials told Reuters.

Feb 19, 2015

Apple poaching auto engineers to build battery division -lawsuit

SAN FRANCISCO, Feb 18 (Reuters) – Electric-car battery maker
A123 Systems has sued Apple Inc for poaching top
engineers to build a large-scale battery division, according to
a court filing that offered further evidence that the iPhone
maker may be developing a car.

Apple has been poaching engineers with deep expertise in car
systems, including from Tesla Inc, and talking with
industry experts and automakers with the ultimate aim of
learning how to make its own electric car, an auto industry
source said last week.

Feb 19, 2015

Samsung buys startup LoopPay, moves toward mobile payments

By Abhirup Roy and Edwin Chan

(Reuters) – Samsung Electronics Co Ltd has bought U.S. mobile wallet startup LoopPay, signalling its intention to launch a smartphone payments service to compete with a recent offering from rival Apple Inc.

Mobile payments have been slow to catch on in the United States and elsewhere, despite strong backing. Apple, Google, and eBay Inc’s PayPal have all launched services to allow users to pay in stores via smartphones.

Feb 13, 2015

China’s Alibaba attracts attention from U.S. regulator

SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd said on Friday it was asked by the U.S. Securities and Exchange Commission for information about its dealings with a Chinese regulator, coming just five months after the company’s stock market debut.

The SEC’s request follows an unusually public fracas between Alibaba and China’s State Administration for Industry and Commerce, or SAIC, over the issue of fake products being sold on the company’s websites and a series of related lawsuits filed in the United States.

Jan 29, 2015

Politics, mobile overshadow Alibaba’s fairy-tale run

SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd’s underwhelming holiday quarter performance and an escalating war of words with a powerful Chinese industry regulator highlight two major risks to its seemingly fairy-tale ascent: politics and the shift to mobile commerce.

The Chinese e-commerce giant has acquired a rosy aura since its record-breaking IPO last spring, revealing growth rates and volumes that dwarfed industry stalwarts Amazon.com Inc and eBay Inc.

Jan 16, 2015

Insight – Alibaba in major initiative to court China consumer for U.S. retailers

SAN FRANCISCO/BEIJING/SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China’s vast and growing middle class.

Anchored by Alipay, the dominant Chinese electronic payments system that works closely with Alibaba and is controlled by its executives, the world’s largest Internet retailer is using the calling card of China’s consumers to attract U.S. partners, two sources close to the company told Reuters.

Jan 16, 2015

Alibaba in major initiative to court China consumer for U.S. retailers

SAN FRANCISCO/BEIJING/SHANGHAI, Jan 16 (Reuters) – China’s
Alibaba Group Holding Ltd plans a major move to win
U.S. business this year, by offering American retailers new ways
to sell to China’s vast and growing middle class.

Anchored by Alipay, the dominant Chinese electronic payments
system that works closely with Alibaba and is controlled by its
executives, the world’s largest Internet retailer is using the
calling card of China’s consumers to attract U.S. partners, two
sources close to the company told Reuters.

Dec 26, 2014

U.S. police struggle to uncover threats on social media

SAN FRANCISCO/LOS ANGELES (Reuters) – U.S. law enforcement agencies are a long way from being able to effectively track threats of the kind a gunman posted on Instagram before his execution-style murder of two New York City policemen last weekend.

Police need more data analytics and mining software to monitor social media sites such as Facebook (FB.O: Quote, Profile, Research, Stock Buzz) and Twitter (TWTR.N: Quote, Profile, Research, Stock Buzz), as well as trained personnel to make sense of what could be a deluge of data, say law enforcement officials and security experts.

Dec 21, 2014

New York cop ‘assassin’ telegraphed intentions on Instagram

SAN FRANCISCO (Reuters) – Popular photo-sharing service Instagram on Saturday took down the account of the man said to be behind the “assassination” of two New York City police officers, after the 28-year-old gunman’s veiled threats and provocative messages went viral in the wake of the execution-style shootings.

Posted just hours before Ismaaiyl Brinsley allegedly walked up to two officers in a parked squad car in Brooklyn and shot them dead, the dark messages again cast a spotlight on the role of social media in spotting and revealing public threats of violence.

Dec 2, 2014

Misfit Wearables raises $40 million from Xiaomi, other Chinese firms

SAN FRANCISCO (Reuters) – Xiaomi Technology Co Ltd XTC.UL and other Chinese companies have joined a $40 million investment in U.S. wearables startup Misfit, the first time the world’s third-biggest smartphone manufacturer has taken a stake in a U.S. mobile-device maker.

Misfit, which claims to make the biggest-selling activity and sleep tracker in China, said on Tuesday it has raised new financing from Xiaomi, e-commerce company JD.com Inc, and venture-capital firms GGV Capital and Shunwei.

    • About Edwin

      "Based in Los Angeles, I oversee company news coverage of much of the U.S. West Coast, including such corporations as Apple, Google and Microsoft. Previously, I was bureau chief for Hong Kong and Shanghai and oversaw coverage for all corporations in China and Hong Kong."
    • Follow Edwin