Apple Inc, which has more than 400 million credit cards on file with its iTunes Store, is exploring an expansion of the mobile-payments system, said a person with knowledge of the matter.
The move would expand Apple's reach into a competitive online payments field and potentially give it a new revenue source as Chief Executive Officer Tim Cook looks to reignite growth. Apple hasn't entered a new product category since the 2010 debut of its iPad tablet and profit and sales growth have slowed.
Taiwan's Acer Inc. is planning to get into the wearable computing game with a “distinctive” wearable device coming in the second half of this year that will stand out from the competition, a company source revealed.
Indonesian mobile-phone operator Smartfren Telecom is preparing USD100 million in funds to finance expansion this year, in a bid to add more subscribers by more than a third by bundling services with its Andromax smartphones.
The Jakarta-based company seeks to add between 4 million to 5 million subscribers this year. Smartfren was reported to have 11 million users by the end of 2013.
Smartfren, which is majority controlled by Sinar Mas Group, had 185 outlets across the country last year.
Nokia's handset sales fell 29 percent. The rare decline was a setback to Microsoft, which is acquiring the operation.
Chinese retailer Gome Electrical Appliances Holdings plans to close about 50 stores across the country in 2014 and partner up with department store chains to explore third- and fourth-tier city markets, which become the new expansion format in a multi-platform plan.
Wumart Group speakers Qiao Hongbing confirmed that Wumart Supermarket has signed strategic cooperation agreement with Gome Electrical Appliance Holdings.
Sales of personal computers fell 10 percent in the Asia Pacific last year due to sluggish economic growth and tough competition from mobile devices, an industry analyst said Tuesday.
Apple has been counting on along-awaited agreement with China Mobile, the world's largest cellular operator, to reverse its fortunes in China. If the muted reception Friday, when customers were finally able to buy iPhones from China Mobile, is any indication, the companies may have to work harder to whip up enthusiasm.
Bose is opening a brand store at Shanghai's IAPM Mall at Huaihai Road M. on Thursday, one of its 100 stores in China's mainland.
It's the latest move for the high-end audio device firm to penetrate the booming Chinese market, where many consumers choose iPhone, iPad and other leading brand-name consumer electronics.
In Bose brand stores, star products like QuietComfort 20i and SoundLink Mini speakers are displayed, which can be connected to Apple devices.
Chinese telecoms giant Huawei said Monday it aims to sell 80 million smartphones in 2014, as it boosts its brand name worldwide and makes a new push for US consumers.
Apple will open its fourth new retail store in China on Friday at the China Central Mall in the Chaoyang District of Beijing, according to a recent press release.
The new store covers 500 square metres over two separate floors and is located approximately two miles from the existing Sanlitun Apple Store in Beijing.
The China Central Mall is an upscale shopping centre with over 70 shops and restaurants, including stores such as Gucci, Prada, and Chanel. It's also flanked by two major hotels, the Ritz-Carlton and the JW Marriot Hotel.