Gerry's Feed
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.

Jul 12, 2015

China targets rights lawyers as crackdown on activists widens

BEIJING (Reuters) – Chinese authorities have widened a crackdown on human rights groups, detaining or questioning more than 50 lawyers and activists in a sweep over the past few days, rights groups say.

Citing the need to buttress national security and stability, President Xi Jinping’s administration has tightened government control over almost every aspect of civil society since 2012.

Jul 8, 2015

China’s draft cybersecurity law could up censorship, irk business

BEIJING, July 8 (Reuters) – China’s parliament has published
a draft cybersecurity law that consolidates Beijing’s control
over data, with potentially significant consequences for
internet service providers and multinational firms doing
business in the country.

The document, dated Monday but picked up by state media on
Wednesday, strengthens user privacy protection from hackers and
data resellers but elevates the government’s powers obtain
records on and block dissemination of private information deemed
illegal under Chinese law.

Jul 2, 2015

Xiaomi books 1H sales fall, putting full-year goal in doubt

BEIJING, July 2 (Reuters) – China’s top smartphone maker
Xiaomi Inc on Thursday reported semi-annual sales that for the
first time were lower than the previous six months, jeopardising
its full-year target and hinting at a slowdown in its mainstay
domestic market.

The firm said it sold 34.7 million handsets in January-June
versus 35.0 million in July-December – the first sequential fall
since the company began disclosing six-month figures in 2013.
For 2015, it aims for minimum sales of 80 million smartphones.