China's Suning Commerce Co posted its first half-year loss since it went public in 2004 after online expansion put a dent in profit.
Losses in the second quarter reached CNY315 million (USD51m), an improvement from the CNY434 million (USD70 million) loss in the first three months, the company said in an earnings release on Thursday. Revenue in the first half was down 7.87 percent from a year ago to CNY51.1 billion.
Chinese OEMs more than outpaced the smartphone market in the second quarter of 2014, preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker showed.
Data revealed that Huawei nearly doubling its smartphone shipments from a year ago, followed by another strong performance from Lenovo.
Global tablet shipments reached 52.9 million units in the second quarter of 2014, up 6 percent from 50 million the same period last year.
Android cornered 70 percent global share, while iPad shipments were below expectations and iOS fell to 25 percent Windwas has 5 percent global share.
Peter King, Director of Tablet research at Strategy Analytics, said Android consolidation continued, selling 36.8 million units, up 13 percent from 33.2 million a year earlier.
Apple Inc posted a smaller-than-expected 6 percent rise in quarterly revenue Tuesday, but revenue surged 28 percent in greater China despite stiff competition in its third-largest market.
It sold 35.2 million iPhones in the June quarter, a rise of about 13 percent that was in line with analysts' projections, helped by a strong performance in an Asian market considered crucial to Apple's longer-term growth prospects.
Chief Executive Tim Cook told analysts on a conference call that Apple's Chinese performance was "honestly surprising".
Leading online marketplace Snapdeal.com has tied up with mobile brand Micromax to launch its range of LED TVs. As a part of its multi-screen business strategy, Micromax launched its range of LED TVs in October 2012. This is the first time Micromax has entered into a strategic partnership with Snapdeal.com to launch their latest 32-inch LED TV.This exclusive tie-up will help Micromax in reaching out to more than 25 million members of Snapdeal.com.
Vodafone Hutchison Australia has continued to bleed mobile customers despite its previous chief executive Bill Morrow promising a return to growth by early 2014.
Vodafone Australia lost 137,000 mobile subscribers in the six months ending on 30 June 2014 to reach 5.2 million after wholesale customers are included, according to Hutchison Telecommunications Australia's (HTA) financial results.
Customer service revenue fell by 9 percent thanks to its shrinking subscriber base and the continuing decline of voice and text message revenue.
State-owned telecommunications provider PT Telekomunikasi Indonesia (Telkom) will open two new overseas branches this year, in Taiwan and Macau.
Adding to the new branches, Telkom public relations vice president Arif Prabowo said that the company would proceed with a Mobile Virtual Network Operator (MVNO) agreement, which would allow Telkom to forge cooperations with fellow network operators in the two countries.
Budget smartphone sales have risen significantly in Vietnam following the narrowing price gap between mobile phones and smartphones.
Handsets costing VND2 million (USD94) to VND4 million (USD189) have become more popular. The low-end market, particularly in rural areas, is driving sales growth, traders say.
Chinese and Vietnamese budget smartphones, which offer high-end devices at relatively low prices, have played a key role in the mushrooming growth.
Microsoft Corp. launched its 4G-enabled Lumia 930 smartphone in Taiwan Thursday, marking the second Windows phone released in Taiwan since the software giant acquired Nokia's handset division.
The 5-inch device runs Windows Phone 8.1 and sports a 20-megapixel PureView camera with a lens by German optical systems maker Carl Zeiss AG.
More TV sets were sold in every single market across Southeast Asia in the month prior to the commencement of the the FIFA World Cup in June, market research firm GfK's retail sales tracking reveals.
Its retail audit of TV sales for May 2014 reported nearly 957,000 units sold for the combined markets of Singapore, Malaysia, Philippines, Indonesia, Vietnam, and Thailand.