Chinese technology giant Tencent Holdings announced on Friday a new strategic partnership with smartphone maker Honor for cloud computing and artificial intelligence (AI), giving a boost to a domestic rival to Apple, which has yet to settle on a partner to launch AI on iPhones in the country. Shenzhen-based Tencent said in a post on … Read more
Lenovo will further diversify its supply chain and plans to open more manufacturing facilities outside China amid global geopolitical uncertainty, Chairman Yang Yuanqing said. Lenovo, the world’s largest PC maker, has most of its plants in China, a common situation in the electronics industry that creates potential vulnerability as US president-elect Donald Trump threatens to … Read more
Strong iPhone 16 sales in China have returned Apple to the No 2 spot in the local smartphone market in the third quarter, after it had fallen out of the top five in the previous three months, according to the latest data from research firm IDC. iPhone shipments captured 15.6 per cent of the market … Read more
Hyundai Motor India on Tuesday said its planned capacity expansion at the Talegaon manufacturing facility in Pune at an investment of Rs 6,000 crore will give it more headroom for growth in domestic and international markets. The company also said that it always looks for a balance between growth, profitability and market share. During a … Read more
Mumbai: The festive season will be crucial for India’s top two two-wheeler makers as the duo, accounting for more than half of the market, plan to intensify their slugfest and go all out to chase volumes and market share with aggressive promotional schemes in the world’s largest market. Hero MotoCorp aims to retail 1.5 million … Read more
Cineplex Inc. has been ordered to pay a record $38.9-million fine by the Competition Tribunal for deceptive marketing practices — but the ruling doesn’t stop the theatre owner from continuing to charge the online booking fee that sparked the case in the first place. The tribunal issued the decision late Monday, siding with the Competition Bureau … Read more
Mahindra & Mahindra, which leads India’s pick-up truck market with a 51% share, is looking to enter Southeast Asia and step up presence in South Africa with its latest Veero range. “We have been selling the Scorpio pick-ups in several markets including mature markets like South Africa. The Veero will give us access to many … Read more
The shift has added to pressure on the American coffee giant, which opened its first shop in China in 1999, especially as China has overtaken the US as the world’s biggest market for branded coffee shops in terms of outlet numbers, according to a report by World Coffee Portal late last year. The total shot … Read more
Alphabet’s Google broke the law with monopolistic behaviour over online search and related advertising, a federal judge ruled on Monday, the first victory for U.S. antitrust authorities who have filed numerous lawsuits challenging Big Tech’s market dominance. The decision is a significant win for the U.S. Justice Department, which had sued the search engine giant … Read more
Canada’s Competition Bureau has launched a market study into the country’s domestic air passenger service, noting that fares remain pricier than they were before the COVID-19 pandemic. In the study’s terms of reference published earlier this week, the bureau says there are signs “domestic airfares in Canada may be relatively high,” and that “average airfares … Read more
