Alibaba Group Holding says this year’s Singles’ Day campaign has seen strong demand in four product categories – home appliances, consumer electronics, beauty and apparel – in a sign of consumer-spending recovery on the mainland, as the world’s largest online shopping festival drew to a close on Monday. Taobao and Tmall Group (TTG), Alibaba’s domestic … Read more
The company’s shares rose 5.5 per cent in extended trading. They had surged 12 per cent right after it reported results after the company also flagged a new $15 billion stock buy-back. The San Diego, California-based company is the biggest supplier of smartphone chips and is benefiting from a recovery in smartphone markets as consumers … Read more
They joined about 400 other companies at the Intelligent Industry & Information Technology exhibition, as part of this year’s China International Import Expo (CIIE) event. The six-day trade show will conclude on Sunday. Taking part in the CIIE reflects how these foreign semiconductor technology vendors see the world’s second-largest economy as a vast market for … Read more
The Shenzhen-based company reported a 29.5 per cent jump in revenue to 585.9 billion yuan (US$82.3 billion) in the first three quarters of 2024, up from 452.3 billion yuan in the same period last year, according to a filing to the Shanghai Clearing House, the sole central clearing counterparty in China’s interbank market. However, Huawei … 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
Apple chief executive Tim Cook returned to Beijing on Monday, his second visit to mainland China this year, as speculation swirls over the domestic launch of the US tech giant’s on-device artificial intelligence (AI) system. Cook’s latest visit to the country saw him accompanied by famous Chinese photographer and filmmaker Chen Man, as well as … Read more
Chinese smartphone brand Vivo claimed the No 1 spot among handset makers in India for the first time in the third quarter, ahead of the region’s long-time leaders Xiaomi and Samsung Electronics. Vivo shipped 9.1 million units in India in the three months through September, growing 26 per cent year on year and capturing a … Read more
Priced from 4,299 yuan (US$608) to 6,799 yuan, the X200 series marks the latest effort by Vivo to crack the industry’s lucrative high-end segment in the world’s largest smartphone market and across the globe. Vivo said it will start shipping the X200 series from October 19. Initially known for its low-budget handsets, Vivo has risen … Read more
China’s Xiaomi has asked India’s antitrust body to recall its report that found the company and Walmart’s Flipkart breached competition laws, arguing it contains commercial secrets, two people familiar with the matter said. Any recall of the Competition Commission of India report could delay its antitrust investigation, which began in 2021. In a rare move … Read more
Samsung Electronics has notified employees in mainland China of a restructuring that will eliminate about 130 positions – equivalent to 8 per cent of domestic sales staff – according to South Korean media reports, as the company continues to grapple with sluggish smartphone and television demand in the world’s second-largest economy. This marks the start … Read more
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