Xiaomi, the smartphone maker often dubbed "China's Apple", was crowned the big winner of one of the world's biggest shopping days Wednesday.
Singles' Day, held in China on November 11 each year, has become known as the country's anti-Valentine's Day. E-commerce behemoth Alibaba is most strongly associated with the shopping extravaganza and announced that it had taken USD14.3 billion in sales through its online payment service.
China's Lenovo Group Ltd., the world's largest maker of personal computers, opened an online store in Taiwan to sell customized high-end laptops initially. The online store is expected to provide customers with more options than in retail stores, said Paul Tseng, general manager of Lenovo's Taiwan branch. In June, Tseng said Lenovo was aiming to gain a "double-digit" share of Taiwan's consumer PC market, which is dominated by the local brands Asustek Computer Inc. and Acer Inc.
Vietnam's Mobile World Investment Corporation (MWG) saw an increase in both revenue and net profit in the first nine months of this year.
The company's net profit rose 52 percent over a year to VND744 billion (USD33 million), equal to 84 percent of this year's target.
This year, MWG has opened 141 new Mobile World stores and 19 new Green Electronics in the country, raising its total number of stores to 521.
Major mobile carrier NTT Docomo Inc. said Friday that it has expanded the scope of its family discounts to include same-sex couples.
Same-sex couples with certificates issued by their municipalities recognizing the relationship as equivalent to marriage became newly eligible for family discounts on mobile phone charges, the company said.
Huawei Technologies Co replaced Xiaomi Corp as China's top smartphone vendor in the third quarter, according to a technology industry research company.
In the third quarter, Huawei's shipments surged 81 percent year on year, while Xiaomi's deliveries shrank, Canalys estimated.
"Xiaomi, with its worldwide target of 80 million smartphone shipments for 2015, is under tremendous pressure to keep growing as an international player as it is slowing in its key home market," said Jessie Ding, a Shanghai-based research analyst at Canalys.
Fusion Communications Corporation, the telecommunications company of the Rakuten Group, said on Friday that it will open two new dedicated Rakuten Mobile stores this month. The Rakuten Mobile Nagoya Sakae Store will open on 22 October, and the Rakuten Mobile Ginza Store will open on 29 October.
Apple Inc chief executive officer Tim Cook said the company will open its 24th store in China on Saturday, expanding an important retail footprint in its largest market outside of the US.
China has become an increasingly critical component of Apple's global business and helped it sell a record 13 million iPhones during the debut weekend of its latest handsets last month. Apple stores there are crucial for introducing Chinese consumers to the brand and educating users there, Mr Cook said at a Wall Street Journal conference in Laguna Beach, California, on Monday evening.
The Apple Store is ready to debut in India with its signature wooden tables and counters. They will be debuting in India in partnership with Tata owned consumer electronics chain Croma, which will host Apple at six locations as a pilot.
Apple will be set up at five Croma stores in Mumbai, including Malad, Juhu, Oberoi Mall, Phoenix Mall and Ghatkopar. In Bengaluru, this will be at Croma in Jayanagar. The opening is scheduled till Diwali next month.
Supermarket giant Coles has joined the growing list of big-name brands selling mobile services to their customers.
The company on Monday announced it would resell prepaid mobile services using the Singtel-Optus network with prices starting at AUD10. These will have access to 4G services as well as unlimited calls on certain plans.
Samsung flagged a nearly 80 percent jump in quarterly profit Wednesday, as sales of chips and displays offset stiff competition in smartphones from Apple and cheaper Chinese rivals.
The stellar earnings forecast sent shares in the South Korean company soaring more than 5 percent in mid-morning trade.
The firm's flagship smartphone business is struggling against fierce competition, sandwiched between top-end rivals like Apple's iPhone and lower-end devices from fast-growing Chinese outfits like Xiaomi.