Gerry's Feed
Mar 3, 2015

JD.com tops expectations with 73 percent rise in quarterly revenue

BEIJING (Reuters) – China’s JD.com Inc, the biggest e-commerce rival to Alibaba Group Holding Ltd, posted a 73 percent rise in revenue for the three months through December, topping estimates as it expanded sales across more consumer goods categories.

Revenue for JD.com’s fourth quarter rose to $5.6 billion versus the $5.3 billion average estimate of 13 analysts surveyed by Thomson Reuters.

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 27, 2015

China issues 4G licences to China Telecom, China Unicom

BEIJING, Feb 27 (Reuters) – China has issued licences to
operate 4G wireless networks to China Telecom Corp Ltd
and China Unicom Hong Kong Ltd, two of the country’s
three state-owned carriers, the Ministry of Industry and
Information Technology said on Friday.

The development is likely to greatly boost revenue at the
two rivals of No.1 carrier China Mobile Ltd, and win
back Chinese smartphone users who demand cutting-edge Internet
speeds for surfing the Web and watching videos.

Feb 26, 2015

Lenovo website breached, hacker group Lizard Squad claims responsibility

Feb 25 (Reuters) – China’s Lenovo Group Ltd
website was hacked, the company said on Wednesday, days after
the U.S. government advised Lenovo customers to remove a
pre-installed virus-like software, “Superfish”, on laptops that
makes the devices more vulnerable to attacks.

Hacking group Lizard Squad claimed to be behind the attacks,
according to its Twitter page.

Feb 14, 2015

China’s economic planners aim to boost service exports

BEIJING (Reuters) – China has set a target of reaching $1 trillion worth of trade in services by the year 2020, according to a newly released economic planning policy paper that emphasized a shift away from the export of goods.

The State Council, China’s cabinet, said in a document released on Saturday that it would provide total policy support to raise the export value of services relative to goods.

Feb 14, 2015

Jackie Chan’s son, freed from jail, apologizes to the public

BEIJING (Reuters) – Jaycee Chan, son of movie star Jackie Chan, began the process of rehabilitating his image on Saturday as he appeared in public for the first time following a six-month jail sentence on drug charges and apologized for his actions.

Speaking softly and wearing a dark-colored suit and collarless shirt, the 32-year-old entertainer told reporters in Beijing he would dedicate his energy toward film and music projects and spend more time with his distraught mother.

Feb 14, 2015

China taxi apps Didi Dache and Kuaidi Dache announce $6 billion tie-up

BEIJING (Reuters) – Didi Dache and Kuaidi Dache, two of China’s leading taxi-hailing apps, said on Saturday they would merge to create one of the world’s largest smartphone-based transport services.

The combined entity would be valued at roughly $6 billion, according to person familiar with the deal. The shareholding structure is unknown.

Feb 14, 2015

China taxi apps Didi Dache and Kuaidi Dache announce tie-up

BEIJING (Reuters) – Didi Dache and Kuaidi Dache, two of China’s leading taxi-hailing apps, said on Saturday they would merge to create one of the world’s largest smartphone-based transport services.

Financial terms were not disclosed. The firms said the two companies, which have not announced a name for the combined entity, would operate independently under separate brands.

Feb 13, 2015

Qualcomm deal sparks China smartphone patent skirmishes

BEIJING (Reuters) – Last summer, lawyers from Chinese telecoms gear maker ZTE Corp began writing to half a dozen local handset makers it believed used its patents. Its message was simple: it’s time to pay up.

ZTE’s efforts to collect patent royalties – months ahead of Qualcomm Inc’s China antitrust settlement this week, according to people with knowledge of the matter – shows how that deal has already changed the way China’s booming smartphone industry does business.

Feb 10, 2015

With antitrust deal done, Qualcomm still faces China challenges

SAN FRANCISCO/BEIJING, Feb 10 (Reuters) – Even after
agreeing to pay a record near-$1 billion fine in China for
antitrust violations, U.S. chipmaker Qualcomm
Inc faces big challenges in its most important market.

As low-cost, low-margin Chinese smartphone manufacturers
such as Xiaomi Inc and Huawei Technologies
push into other developing markets, they are driving down
average handset prices – bad news for San Diego-based Qualcomm,
which collects royalties based on the handset’s value.