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New Chinese-Backed Automaker Challenges Tesla
Faraday Future comes as a new challenger for Tesla in building electric car. The Chinese-backed startup company has invested $1 billion to build factory in America. Other than electric car, Faraday Futures also prepares "rolling smartphone" as a different business model in automotive industry.
There's Really A Way To Bring Vanished Twitter Stars Back
Twitter Inc has replaced its star-shaped favorite icon with a heart shaped icon called "like". This is the latest effort by the Twitter team to make Twitter more engaging and attractive.
German Industrial Production down 1.1%
German industrial production went down 1.1 percent month-on-month for the third quarter. According to Bloomberg Business, Berlin Economy Ministry reported the decline Friday, while economists expected a 0.5 percent increase. Germany has been struggling with the Chinese economic slowdown. The country is also grappling with the economic slowdown in other emerging countries where it exports most of its products.
Xiaomi sold 1 million smartphones in India
Xiaomi sold 1 million handsets in the third quarter in India, which considered its second biggest market. CNET has reported that Xiaomi VO Hugo Barra considers this quarter their best quarter ever with the sales benchmarks it reported. The sales in India add a whopping 45 percent quarter-on-quarter growth for the company.