BEIJING/SAN FRANCISCO (Reuters) – Intel Corp is close to announcing an investment in Chinese-government affiliated mobile chipmakers Spreadtrum Communications and RDA Microelectronics, its latest move to catch up in a smartphone chip industry led by Qualcomm Inc, according to two sources with knowledge of the plan.
It was unclear how much Intel is paying or what portion of the companies the U.S. chipmaker is buying. The acquisition could be made through Tsinghua Unigroup, a government-affiliated private equity firm controlled by Tsinghua University in Beijing, one of the sources said. Tsinghua Unigroup owns Spreadtrum and RDA.
BEIJING, Sept 23 (Reuters) – Jack Ma, executive chairman of
Alibaba Group Holding Ltd, has become China’s richest
man with a fortune estimated at $25 billion, underscoring the
ascension of tech tycoons over real estate peers in the world’s
second biggest economy.
Ma knocked Wang Jianlin, head of the Wanda property group,
into second place with $24.2 billion, according to this year’s
list of China’s super-rich published by Hurun Reports Inc.
BEIJING (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) is still awaiting a critical license from Chinese regulators before it can sell its new iPhone 6 in one of the company’s most important markets.
The official Xinhua news agency said on Thursday that Apple’s new iPhone had been given regulatory approval for use on domestic frequencies, but the phone cannot be sold in China until a key network license is granted. The Xinhua report did not indicate when this is likely to happen.
BEIJING (Reuters) – Apple Inc is hiring a head of law enforcement in Beijing to deal with user data requests from China’s government, according to a public job listing, after it last month began storing private data on Chinese soil for the first time.
According to the job listing, posted on professional networking site LinkedIn, the position will handle the “increasing number of third-party requests for access to Apple controlled data within China.”
BEIJING (Reuters) – Inside Alibaba, where co-founders are revered like rock stars, relatively few employees know about the soft-spoken executive who for years kept his same cramped office, unfashionable clothes and the self-effacing demeanour of a metalworker’s son.
But for investors in Alibaba Group Holding Ltd’s potentially record initial public offering, Simon Xie, a co-founder and vice president, represents one of the e-commerce company’s most important figures: he’s the only individual besides Executive Chairman Jack Ma who owns the domestic Chinese companies and holds the operating licenses that underpin Alibaba’s corporate structure.
BEIJING, Sept 15 (Reuters) – Inside Alibaba, where
co-founders are revered like rock stars, relatively few
employees know about the soft-spoken executive who for years
kept his same cramped office, unfashionable clothes and the
self-effacing demeanor of a metalworker’s son.
But for investors in Alibaba Group Holding Ltd’s
potentially record initial public offering, Simon
Xie, a co-founder and vice president, represents one of the
e-commerce company’s most important figures: he’s the only
individual besides Executive Chairman Jack Ma who owns the
domestic Chinese companies and holds the operating licenses that
underpin Alibaba’s corporate structure.
BEIJING, Sept 12 (Reuters) – Huawei Technologies Co Ltd
, China’s largest telecom equipment maker, found four
employees in violation of the company’s policies on corruption
as part of an internal inspection, a source familiar with the
In response to the findings, Huawei has held training
sessions to educate employees on how to steer clear of possible
bribery, the source said, declining to be identified because he
was not authorised to speak about the matter to the media.
BEIJING, Sept 11 (Reuters) – Millions of people in China,
increasingly a critical pillar of Apple Inc’s business,
may have to wait until the year-end before they can buy the new
Although the iPhone 6 and iPhone 6 Plus will go on sale on
Sept. 19 in the United States and other markets, Apple is yet to
set a release date for China, the world’s biggest smartphone
market. China Mobile, the key distributor of the new
iPhone with more than 700 million subscribers on its sprawling
network, declined to comment.
BEIJING, Sept 4 (Reuters) – U.S.-based Symantec Corp
has continued to do business with Chinese government
agencies despite media reports last month suggesting that China
has blacklisted the firm’s security software in favour of
domestic products, said a top executive.
Adrian Jones, a former Oracle executive who was named
Symantec’s senior vice president for the Asia region in June,
dismissed reports of a government ban as “noise”, saying he
expected positive sales growth in China this year, potentially
outpacing the country’s economic expansion.
BEIJING (Reuters) – Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world’s largest software company.
It is not clear if Nadella, who took over as Microsoft CEO in February, will meet with any Chinese government representatives as part of his visit, or try to resolve issues with the State Administration for Industry and Commerce (SAIC), one of China’s antitrust regulators.