Nokia, the Finnish telecoms group, asked the Delhi High Court on Thursday to release factory assets frozen by tax authorities this year, as it prepares to hand its mobile devices unit to Microsoft.
Back in September Microsoft announced plans to buy the loss-making business from cash-strapped Nokia for €5.4bn. But in India, the deal faces a small complication: a $321m tax dispute in which Nokia’s local assets were frozen. Bank accounts have subsequently been released but fixed assets – including a factory in Chennai – remain stuck in limbo. Continue reading »
By Bok Deuk-Kyu of the Samsung Economic Research Institute
Fresh signs of the Chinese economy regaining its footing won’t necessarily lead to a huge windfall for Korean exporters. China is the top destination of Korean exports but structural changes have made selling Korea’s vital intermediate goods to China an increasingly tough challenge. The negative impact on the Korean economy is expected to mushroom, creating an urgent need for industries to devise pre-emptive measures. Continue reading »
PC companies just can’t get a break.
Shipments from the Taiwanese manufactures that make most of the world’s desktop and laptop computers hit a three-year low last quarter as consumers waited for fixes to Windows and decided to buy tablets and smartphones in the meantime. For those Taiwanese companies, those disappointing stats are one more reminder of the need to diversify away from their core PC business. Continue reading »
Pieces of HTC’s recent management shake-up seem to be falling in place with its announcement on Thursday of new leadership for its south Asia operations.
Most notably, the struggling Taiwanese smartphone maker says its new head of south and southeast Asia has come over from the key competitor HTC has been trying hard to emulate – Apple. Continue reading »
Samsung Electronics’ new Galaxy S4 smartphone has smashed the company’s sales records – but that hasn’t been enough to prevent a nasty slide of nearly 9 per cent in its shares over the past three trading days.
The immediate trigger for the slide appears to have been a cautionary broker’s note on Friday from analysts at JPMorgan, who said third-quarter sales of the Galaxy S4 would undershoot their previous expectations. Continue reading »
If Adolfo Babatz has his way, his startup company, Clip, might just single-handedly revolutionised how Mexicans pay for goods and services.
The idea is a simple one: transform smartphones into card reading terminals. But if successful, thousands if not millions of small mom-and-pop shops or even professionals in Mexico could soon be able to take payments from credit or debit cards for their products or services. Continue reading »
On Sunday evening, the Mumbai Indians beat the Chennai Super Kings by a 23-run margin to win the sixth Indian Premier League cricket tournament. But the championship has ended not with pomp and glory but snared in a web of scandal, as the Delhi and Mumbai police investigate players and bookmakers for alleged spot-fixing.
As if that wasn’t bad enough, it now seems India’s biggest cricketing tournament is creating trouble far from the field too, with star players’ names being used as bait in cybercrime. Continue reading »
Samsung Electronics is on a roll thanks to the huge popularity of its latest smartphone. The Galaxy S4 has sold 10m units within a month of its release, making it Samsung’s fastest-selling smartphone ever – the Galaxy S4 reached the 10m mark in half the time taken by its predecessor. Continue reading »
The reputation of Chinese pharmaceuticals in Africa has taken a hammering over the last couple of years. Far from curing disease, Chinese companies are accused of sitting at the centre of a vast counterfeiting industry dumping fake medicines on the continent at a cost of billions of dollars and countless lives.
But two Chinese pharmaceutical companies – Guilin Pharmaceuticals and Watson Global Pharmaceuticals – are breaking new ground by introducing SMS-based authenticity checks for their anti-malarial drugs in Africa. Continue reading »
Langfang, a small inland city in Hebei province, is emerging as an information technology services hub in northern China, with a large number of big data centres.
For years, this gritty industrial centre, lying about 50 km away from Beijing and 90 km from Tianjin, found it impossible to compete with these two modern metropolises.
But recently it has taken advantage of its location between them to develop high-end industries, such as data storage and cloud computing. Continue reading »
Shares in Sina Corp, the Nasdaq-listed Chinese online media group, rose nearly 21 per cent during trading on Monday after the company said it had agreed to sell 18 per cent of Weibo, its Twitter-like micro-blogging service, to Alibaba Group for $586m. The two came close to a similar deal five months ago. Now they have tied the knot. Continue reading »
Indian makers of tablet computers are elbowing their way into the domestic market, which is expected to expand rapidly in the next few years.
Although Samsung and Apple feature strongly in the Indian tablet market, figures from the International Data Corporation, an information technology research company, show India’s two leading domestic manufacturers have grabbed a market share of more than 20 per cent. Continue reading »
As India’s results season rolls on, Friday brings news from Wipro, which recently split its operations between information technology and non-IT businesses.
The results are generally positive – though India’s third largest IT company has disappointed markets with its forecasts for the current quarter. Continue reading »
“Don’t let success stories like M-Pesa in Kenya fool you: the worldwide digital divide is still increasing and Africa remains the biggest victim.”
So says Soumitra Dutta, Dean of Cornells’ Johnson School of Management, talking to beyondbrics at the launch of the World Economic Forum’s Global Information Technology Report 2013. Continue reading »
What makes HTC different from all the other struggling tech companies around these days?
Despite its falling sales, management at the Taiwanese smartphone maker has not been shaken up. The same chief executive has held the job for more than six years and the chairwoman has shot down local reports suggesting rifts in the leadership. That sets it apart from its peers, including Blackberry, Nokia — even Apple. So why have top management kept their jobs despite recent performance including a 98 per cent fall in profits in the first quarter? Continue reading »