Chinese smartphone manufacturer, Xiaomi announces its latest flagship and addition to its high demand Mi4 family with the new Mi4c. The company has been able to keep with its theme of producing an affordable smartphone with high spec. The Mi4c according to some reviewers comes with a spec similar likes the Google Nexus 5X but with cheaper price tag.
Tags: China
Alibaba offers to privatized another Chinese company listed on the NYSE
The Chinese biggest e-commerce company, Alibaba announced that it will buy the remaining 82 percent of China's YouTube-like service provider, Youku Tudou. According to a source, the company is offering Youku Tudou $26.60 per share totalling up to $3.6 billion.
Apple disabled News app in China
Many iPhone users are surprised when they could not access Apple News app in mainland China when they were able to use it in many places around the world. Granted that the said app is being tested in the United Kingdom and Australia, still the app is prevented by Chinese censorship from being activated.
AltaGas LNG export plans on hold over import tax dispute
AltaGas Ltd has put its investment plan of C$600 million ($464mn) on hold over an ongoing dispute over the tax on imported equipment. AltaGas has drawn a plan to export Liquefied Natural gas (LNG), but couldn't take it forward as it's involved over a tax dispute with the government. AltaGas is optimistic that the dispute will be resolved shortly and expected to take the project off in November.
Anheuser-Busch InBev's takeover of SABMiller to realign global beer industry
Anheuser-Busch InBev's plan to acquire SABMiller Plc is expected to change the business dynamics in the global beer industry. Anheuser-Busch InBev is a multinational beverage and brewing company's takeover is considered to be the largest one this year and fourth largest takeover in the corporate history. Anheuser-Busch InBev is acquiring SABMiller for $104.2 billion.
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Global soft drink major PepsiCo Inc is testing waters in mobile devices market. The US-based food and beverage company is in the process of launching Pepsi branded smartphones in the Chinese market shortly. However, Pepsi doesn't make mobile phones but acts as a licensing partner to market mobile phones under Pepsi brand.
With an objective of bagging a major chunk of market share in the world's biggest automobile market, the US automobile giant Ford Motor Corp has decided to invest Yuan 11.4billion ($1.8billion) in China. Ford will invest the amount in research and development (R&D) over next five years. Ford has been able to perform better in China market by eating into Japanese rivals' market share. Ford is planning to introduce new models in the China market soon. The new models include hybrid, plug-in hybrid and electric vehicles. Ford is also planning to roll out new generation smart cars shortly in China.
The EB-5 immigrant investor program, popular green card route for Chinese rich investors, may pose tough time for potential investors from the world's second largest economy if the changes under consideration come into force. The US government grants permanent residency to foreigners who invest $500,000 in the US economy creating employment opportunities.
There's good news in a form of startups for China, which is reeling under the pressure of the slowdown in the economy. Giving much breath to China, over 10,000 startup firms are to take off every day. The majority are small enterprises.
China Resources SZITIC Trust Co Ltd, a unit of China Resources Corp, is planning to divest minority stake in Wal-Mart Stores Inc. The state-backed China Resources Trust has a minority stake in the US retailer's operations in China. Wal-Mart Stores Inc has 21 Wal-Mart outlets in China. China Resources has listed its stake for sale at Yuan3.3billion ($525million). It's estimated that China Resources has 35 percent stake in the Wal-Mart outlets in China. Wal-Mart believes the transfer of minority stake doesn't impact the operations in China.
Hillary Clinton, the US Democratic Presidential candidate, has raised her voice against the 12 nation Trans-Pacific Partnership (TPP). Clinton said the agreement is not enough to keep tabs on currency manipulation or protecting consumers from high drug prices
US President Barrack Obama makes his first public remarks in front of business leaders at the U.S. Agriculture Department saying that he is confident that Congress will approve the Trans-Pacific Partnership (TPP) trade deal.
After five years of negotiations, 12 Pacific nations are about to conclude on a free trade agreement (FTA) as these countries have arrived on an understanding on Trans Pacific Partnership (TPP) deciding monopoly on new biotech drugs.
Is the $200 price target for Apple's stock achievable considering the estimated sales realization from iPhone 6 and Apple Watch? Some analysts say yes and some say it's overpricing from the current price of $110. Overdependence on price-earnings (PE) multiples and surplus cash are being added to $200 target.
