Qualcomm has finally inked a licensing deal with Lenovo, the US chipmaker announced on Thursday, ending a 12-month period marred by delayed royalty payments from China’s biggest smartphone vendors following a damaging rift with the country’s government. The deal covers Lenovo chips as well as Motorola, which was acquired by the Chinese hardware giant in late 2014. The fresh […]
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Why Is Every Chinese Tech Company Doing Online Finance?
When it comes to China’s internet giants, there’s barely a player that hasn’t entered the world of online financing. Following in the footsteps of Alibaba, many of these companies are looking to finance as a means of subsidizing heavy cash burn rates in their core businesses. Ant Financial, which oversees Alipay, the country’s largest mobile payment service, is […]
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Tazer Bots, Drones & Crime Predictions: China’s Sci-Fi Police Revolution
Eight years ago the world was momentarily entertained by images of armed Chinese ‘Segway’ divisions performing what was said to be an anti-terrorist drill in Shandong province during the run-up to the Beijing Olympics. The crew was panned by critics worldwide, who pointed out that the recoil from discharging a weapon on the knock-off Segways would probably send them […]
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SCMP Drops Paywall Following Alibaba Buyout, Putting Profitability On The Back Burner
China’s tech giants are not afraid to burn cash in pursuit of a greater market share, and Alibaba’s newly acquired media asset, Hong Kong-based flagship newspaper South China Morning Post (SCMP), has dropped their paywall to do just that. While newspapers across the world are looking to business model innovation and paywalls to boost revenue, […]
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Huawei Will Overtake Apple, Samsung In 5 Years: CEO Richard Yu
A turbulent economy and saturated market can make smartphone shipments hard to predict, but apparently not for Huawei chief executive Richard Yu. Mr. Yu expects Huawei to overtake the world’s biggest smartphone sellers for the number one spot by 2020. “Our competitors have strong brands, but we have much better products,” Mr. Yu told journalists at this week’s […]
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More Than Half Of China Is Now Online, And They’re Mostly Mobile
China has kicked off 2016 with a serious milestone – more than half their 1.37 billion population is now connected to the internet, according to a report released by state-backed China Internet Network Information Center (CNNIC). As of January first 2016, 688 million Chinese people had access to the internet, accounting for 50.3% of the […]
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Qualcomm Settles Fine For Repeatedly Bribing Chinese Officials
Qualcomm Inc. will be hoping to bury another piece of unfortunate history between the company and Chinese authorities, paying out a $7.5 million USD fine in response to allegations that they bribed Chinese officials with gifts and offers of employment, they said in a release on Tuesday. According to a statement released by the US Securities and […]
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A Boom In Live-Streaming Apps Is Creating Chinese Internet Mega Stars
A woman wearing no makeup and dressed in a t-shirt and shorts saunters through her kitchen making hong shao rou, red-braised pork belly. In between bouts of cooking she attempts to cajole her son to share his toy Ferrari. In the new online world of video live streaming in China, it could be anyone. Instead, […]
