The HKD 2.8 billion or USD 364 million investment that Alibaba will make in appliance maker Haier will enable China's leading ecommerce firm to enhance its logistics and distribution network.
Consumer Electronics
US firm Dell launches $300M venture fund to back enterprise startups
Texas-based tech giant Dell announced a new $300-million venture capital fund that will support enterprise technologies, big data, cloud computing, next generation data center, security, and mobility startups.
Han's Laser purchases Israel's Nextec as overseas expansion effort
China-based professional laser equipment manufacturer Han's Laser Technology Co bought Israel-based Nextec Technologies in its effort for expansion amid slow growth in the Chinese laser measurement devices market.
Samsung loses to Apple on patent infringement case
A South Korean court awarded Apple a legal victory on a patent infringement case filed by Samsung Electronics Co. The decision would enable Apple to continue selling its products in South Korea, Reuters said in its report.
Hengdeli Holdings agrees to buy watch retailer Shenzhen Feierpusi Electronics Co
Hengdeli Holdings will be acquiring control of Shenzhen Feierpusi Electronics Co, which owns an 88.6% stake in a watch retailer in Nanchang.
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China's biggest e-commerce firm, Alibaba Group Holdings, will be buying stakes in Haier Electronics Group and Qingdao Haier Logistics Co, according to a report by Bloomberg.
Royal Philips and Funai Electric Co could find themselves in court over the failed deal involving the acquisition of the Lifestyle Entertainment business of the Amsterdam-based firm.
Former American Idol host Ryan Seacrest invested USD1 million to develop a prototype of Typo Keyboards, a simple device that functions as an attached keyboard for iPhone 5 and 5S.
Mike Lynch, who sold software firm Autonomy to Hewlett-Packard for $11 billion, is backing a start-up focused on augmented reality - the ability to overlay information on a real-world background which some see as the next big digital craze.
The San Francisco Bay Conservation and Development Commission said it will be looking into whether Google Inc had the complied with the necessary paperwork to build its barge project on Treasure Island.
China Mobile Ltd. has reportedly entered a deal with Cupertino-based tech giant Apple Inc. to offer iPhones to its more than 700 million subscribers. China Mobile earlier this week received its 4G license from the Chinese government.
Germany-based second screen TV startup Wywy announced that it has secured USD7 million in Series B funding for its expansion to Europe and the United States.
Hardware startup Misfit Wearables raised USD15.2 million in fresh capital in a funding round led by Li Ka-shing's Horizons Ventures and also participated by its existing investors.
Australia electronics chain Dick Smith Holdings Ltd's rise on the Australian Stock Exchange had put its enterprise value to five times its value at the time of its buyout at AUD534 million.
