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News Archive | August, 2013

Wal-Mart's E-commerce Unit Tries New Mobile Phone Strategy In China

August 30th, 2013

Yihaodian.com, a Chinese B2C e-commerce website and Internet retailing subsidiary of Wal-Mart, announced a new mobile phone strategy. Wei Huazhen, vice president of Yihaodian.com, said during the company's latest press conference that the company will attach more importance to the mobile phone sector. Based on its "D50" pricing strategy, the company will continue to expand […]

Xiaomi's Latest Google Android Hire Faces Uncertain Mobile Future

August 29th, 2013

Hugo Barra, the vice president for Android product management at Google, has taken a new job at China-based smartphone maker Xiaomi. Foreign media have reported extensively over the past day that Barra's departure from Google is a dark omen for the search engine, but a boon for the Chinese startup Xiaomi, which values itself at […]

Hon Hai Sells Wearable Computing Patents To Google

August 29th, 2013

Taiwan's Hon Hai Precision Industry announced that the company has reached an agreement with Google to sell some of its wearable computing-related patents to the American search engine. These patents include a head-mounted display technology, which is used to superimpose computer-generated images on a real-world view. Hon Hai said in a statement that this kind […]

Lenovo Group Eyes Retail Store Development

August 28th, 2013

With Apple's success in boosting sales in China via retail channels, why doesn't a Chinese company follow suit? Lenovo Group recently held a media communications conference in its newly opened flagship store at Beijing's Oriental Plaza and Yang Jun, Lenovo China's senior director for 3C store development, said that the company hopes to directly contact […]

China Telecom Net Profit Up 15.9% In H1 2013

August 28th, 2013

China Telecom published its semi-annual financial report, stating that by June 30, 2013, the company's operating revenue increased by 14.1% year-on-year to CNY157.52 billion; and its net profit increased by 15.9% year-on-year to CNY10.213 billion. According to the report, China Telecom realized double-digit growth for both operating revenue and net profit. At the same time, […]

Shanda Games' New Mobile Platform Gives Developers Up To 90% Cut

August 26th, 2013

Chinese online game developer and operator Shanda Games launched a new mobile game operating platform G.sdo.com aimed at the mobile game distribution market. The G.sdo.com app store also integrates content, services and users. In the next 12 months, G.sdo.com will publish 36 products and open an API to third-party developers. According to Qian Donghai, president […]

Apple's Smartphone Rivalry Heats Up With Chinese Upstart Xiaomi

August 23rd, 2013

Apple's iPhone now overtakes Samsung in the "brand recognition" category by only 1% in China, according to the most recent survey conducted by Taipei-based TrendForce. Samsung's brand image, notably, has been improving steadily in China. For the second quarter this year, approximately 79.6% of the Chinese interviewees named the Korean company when asked of the […]

Study Contrasts Chinese And American Smartphone Usage

August 22nd, 2013

A new study purportedly shows media consumption is more impacted by smartphone ownership in China than in the United States. The report jointly compiled by the U.S.-based Interactive Advertising Bureau and the Interactive Internet Advertising Committee of China shows that more than a quarter of Chinese smartphone owners report less TV watching and reduced print […]

China Mobile Reported CNY63.1 Billion Net Profit In H1 2013

August 20th, 2013

Chinese telecom operator China Mobile published its performance results for the first half of 2013, stating that during the reporting period the company achieved operating revenue of CNY303.1 billion, a year-on-year increase of 10.4%. The company's profit attributable to shareholders was CNY63.1 billion, a year-on-year increase of 1.5%. The company also said that its net […]

China Exported 527 Million Mobile Phones In H1 2013

August 19th, 2013

From January to June 2013, China exported 527 million mobile phone units, a year-on-year increase of 15.2%; and the related export value was USD41.55 billion, a year-on-year increase of 16%. According to statistics provided by Ministry of Industry and Information Technology of China, during the first half of 2013 China's mobile phone output and export […]

China Unicom Cut 44.5% Capital Expense In H1 2013

August 16th, 2013

According to the semi-annual financial report of China Unicom, the company cut its capital expense by 44.5% year-on-year during the first half of 2013. The report said that from January to June 2013, China Unicom's capital expense was CNY21.612 billion, a year-on-year decrease of 44.5%. The investments were mainly assigned to 3G and fixed-line broadband […]

Acer Made Net Losses Of USD11.4 Million In Q2 2013

August 14th, 2013

Due to the increased investment in product design and the price increase of dynamic random access memory, Acer made net losses of USD11.4 million during the latest reporting period. The company said that its net losses for the second quarter of 2013 were NTD343 million, which were about USD11.4 million; while the company gained net […]

Moon Cake Gift Box at Radisson Blu Pudong

August 14th, 2013

Tencent Appoints New VP For E-commerce Business

August 9th, 2013

Chinese Internet company Tencent sent an internal email to announce that Bu Guangqi, chief executive officer of Yixun.com, has been appointed new vice president of Tencent. Bu will report to Wu Xiaoguang, chief executive officer of Tencent E-Commerce Holding Company. Bu's goal will be to lead the building and development of Tencent's e-commerce self-branded business. […]

European Taxi Hire Service Expands To China

August 9th, 2013

Germany-based mobile taxi hailing firm Blacklane says it has opened services in Hong Kong and Shenzhen. Blacklane says it does not possess its own vehicles but rather partners with existing providers to allow customers to enjoy comfortable journeys at inexpensive, fixed prices. But Blacklane has not divulged its joint venture partners in mainland China or […]

Guangzhou Aims To Complete Free Public Wi-Fi Coverage By 2015

August 6th, 2013

Wang Dong, vice mayor of Guangzhou, said during a press conference that under southern city's current plans, they will offer free Wi-Fi in important public places such as tourist attractions, most government affairs halls, human resource markets, hospitals, transportation hubs, and parks, by 2015. At present, Guangzhou is actively building itself into a smart city […]

China Mobile Is Giving Away 4G For Free To Users

August 5th, 2013

China Mobile's Beijing branch has started recruiting users to participate in a six-month free-of-charge 4G services trial. This activity will be reportedly implemented in 13 Chinese cities, including Beijing, Shanghai, Tianjin, Shenyang, Nanjing, Hangzhou, Ningbo, Fuzhou, Xiamen, Qingdao, Guangzhou, Shenzhen, and Chengdu. So far, users in Beijing, Shanghai, Tianjin, Fuzhou, Xiamen, Chengdu, Guangzhou, and Shenzhen […]

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