Tencent upgraded WeChat as the Chinese company hoped to boost its revenue through addictive games on mobile devices.
Asia/Pacific
Aboitiz Power looks into acquisition of state-owned power assets
Aboitiz Power expressed its interest to acquire some of the country's state-owned power assets.
India's INS Sindhurakshak sub explodes
India's INS Sindhurakshak exploded in Mumbai, killing up to 18 sailors trapped inside. India's Russian-made naval submarine exploded while moored in Mumbai.
Foxconn's second quarter earnings boost by 40.8% due to strong iPhone sales
Foxconn Technology Group's second quarter earnings report showed a boost of 40.8% due to strong iPhone sales and reduced costs by building factories in China.
Samsung faces USD108 million lawsuit in Brazil over labor violations
A labor rights group reported that the Brazilian government filed a USD108 million lawsuit against Samsung for its labor violations.
Latest News
Baidu Inc said it would be purchasing 91 Wireless, an app store, for USD 1.85 billion. Baidu Inc announced that it had agreed to buy Netdragon Websoft Inc's app store.
A report from Digitimes said HTC would most likely "drift away" from Windows Phone so that it could focus on its Android smartphones.
CDC and Abraaj have jointly invested in Rainbow Hospitals. The development finance institution of the UK, CDC together with the Abraaj Group, one of the foremost investors participating in growth markets worldwide, have announced their financial investment in the Rainbow Hospitals group.
Tencent denied China Daily's report that the company would list WeChat as a spin-off corporation in Singapore.
Sources told Reuters that Mizuho Financial Group offered to acquire a stake for Bank Panin from ANZ.
Google would launch 'Google Impact Challenge in India' and award an Rs 3 crore worth about US$500,000 and technical assistance that would bring the winning projects into life.
A newspaper reported that British bank Lloyds Banking Group received bids for its Australian businesses.
Bain Capital Partners said it would sell its majority stake in Domino's Pizza Japan to Australia's Domino's Pizza Enterprises Ltd.
A unit of Glencore Xstrata revealed that it would scaling back on its workforce as well as its budget in the Tampakan copper-gold mine in South Cotabato, Philippines.
