Gerry's Feed
Jul 27, 2015

Beijing police shut down massive iPhone counterfeiting operation

BEIJING (Reuters) – Police in Beijing have busted a factory that produced more than 41,000 fake iPhones worth as much as 120 million yuan ($19 million), including some that reached the United States, and have arrested nine suspects in the counterfeiting operation.

Apple is one of the most popular brands in China, where authorities have stepped up efforts in recent years to dispel the country’s reputation for turning out counterfeit goods.

Jul 22, 2015

Huawei Technologies’ first-half smartphone revenue more than doubles in China

HONG KONG/BEIJING (Reuters) – Huawei Technologies Co Ltd [HWT.UL] more than doubled its China smartphone revenue in the first half of 2015, defying a slowdown in the world’s biggest handset market that is enveloping rivals Xiaomi Inc [XTC.UL] and Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research, Stock Buzz).

The fourth-largest smartphone maker globally missed shipment targets for two years, but a focus shift to high-margin premium models pushed January-June worldwide shipments to 48.2 million phones, Huawei said on Wednesday. That puts it on course to move 100 million mobiles this year, 33 percent more than last.

Jul 22, 2015

Huawei Technologies’ H1 smartphone revenue more than doubles in China

HONG KONG/BEIJING, July 22 (Reuters) – Huawei Technologies
Co Ltd more than doubled its China smartphone revenue
in the first half of 2015, defying a slowdown in the world’s
biggest handset market that is enveloping rivals Xiaomi Inc
and Samsung Electronics Co Ltd.

The fourth-largest smartphone maker globally missed shipment
targets for two years, but a focus shift to high-margin premium
models pushed January-June worldwide shipments to 48.2 million
phones, Huawei said on Wednesday. That puts it on course to move
100 million mobiles this year, 33 percent more than last.

Jul 21, 2015

Huawei’s H1 smartphone revenue doubled in China

HONG KONG/BEIJING (Reuters) – Huawei Technologies Co Ltd [HWT.UL] doubled its China smartphone revenue in the first half of this year, defying a slowdown in the world’s biggest handset market that is enveloping rivals Xiaomi Inc [XTC.UL] and Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research, Stock Buzz).

The fourth-largest smartphone maker globally missed shipment targets for two years, but a focus shift to high-margin premium models has brought into range its goal of moving 33 percent more handsets than 2014, said a person with knowledge of the matter.

Jul 21, 2015

Huawei’s H1 smartphone revenue doubled in China -source

HONG KONG/BEIJING, July 22 (Reuters) – Huawei Technologies
Co Ltd doubled its China smartphone revenue in the
first half of this year, defying a slowdown in the world’s
biggest handset market that is enveloping rivals Xiaomi Inc
and Samsung Electronics Co Ltd.

The fourth-largest smartphone maker globally missed shipment
targets for two years, but a focus shift to high-margin premium
models has brought into range its goal of moving 33 percent more
handsets than 2014, said a person with knowledge of the matter.

Jul 17, 2015

China’s Xiaomi will strengthen IP ahead of U.S. entry: executive

BEIJING (Reuters) – Fast-growing Chinese smartphone maker Xiaomi Inc is strengthening its patents in preparation for its entry into the U.S. market, head of international operations Hugo Barra told Bloomberg Television on Thursday, without offering a time table.

The company has already encountered intellectual property hurdles in India, where a patent infringement complaint from telecom equipment giant Ericsson briefly halted sales of its handsets late last year.

Jul 17, 2015

China’s Xiaomi will strengthen IP ahead of U.S. entry – exec

BEIJING, July 17 (Reuters) – Fast-growing Chinese smartphone
maker Xiaomi Inc is strengthening its patents in
preparation for its entry into the U.S. market, head of
international operations Hugo Barra told Bloomberg Television on
Thursday, without offering a time table.

The company has already encountered intellectual property
hurdles in India, where a patent infringement complaint from
telecom equipment giant Ericsson briefly halted sales
of its handsets late last year.

Jul 14, 2015

Political ties could prove double-edged sword for Chinese chipmaker

BEIJING (Reuters) – When Intel (INTC.O: Quote, Profile, Research, Stock Buzz) CEO Brian Krzanich flew into Beijing last October to tie down an investment in Tsinghua Unigroup, a Chinese chip maker, Unigroup CEO Zhao Weiguo whisked him into a meeting at China’s Ministry of Industry and Information Technology (MIIT), where a vice minister blessed the deal.

On Tuesday, following reports that Unigroup was preparing to launch the biggest Chinese takeover bid of a U.S. company, Zhao could not be reached for comment. He was again conferring with MIIT officials.

Jul 12, 2015

China says top judge under investigation for corruption

BEIJING (Reuters) – A judge on China’s highest court has come under investigation for corruption, becoming one of the most senior judicial officials to be swept up by the country’s anti-graft dragnet.

Xi Xiaoming, vice president of the Supreme People’s Court, has been probed for “serious violations of discipline and laws,” China’s anti-corruption watchdog said in a brief statement on its website on Sunday.

Jul 12, 2015

China regulator orders brokerages to review trades following stock rout

BEIJING (Reuters) – China’s securities regulator instructed brokerages on Sunday to review trades and enforce rules that require the use of real names and national identification numbers, the latest move by the government aimed at stabilizing stock prices following a devastating market rout the past month.

Chinese authorities have frantically tightened controls on trading while partly blaming illegal behavior for the 30 percent drop that has wiped out trillions of dollars worth of market value in just three weeks.