Huawei in talks to divest parts of Honor smartphone business, sources say

By Julie Zhu

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.

Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.

The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.

The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.

Digital China, the main

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Exclusive: TikTok Rival Triller Explores Deal to Go Public – Sources | Top News

By Joshua Franklin and Echo Wang

(Reuters) – Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the U.S. social media company public, according to people familiar with the matter.

The deal would come as Triller seeks to capitalize on TikTok’s woes. U.S. President Donald Trump’s administration has ordered TikTok’s Chinese parent ByteDance to divest the app, citing concerns that the data of U.S. citizens could be accessible to China’s Communist Party government. TikTok has sued the U.S. government to stave off a ban from U.S. app stores while deal negotiations continue.

Triller, which was launched in 2015 and only has a fraction of the 100 million users that TikTok boasts in the United States, has said it hopes that the uncertainty over its rival’s future will drive more influencers and users to its platform.

Triller

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Exclusive: Google faces new antitrust case in India over abuse in smart TVs market – sources

NEW DELHI (Reuters) – Alphabet Inc’s GOOGL.O Google is facing a new antitrust case in India in which the U.S. tech giant is alleged to have abused its Android operating system’s position in the smart television market, a source and two lawyers involved in the case told Reuters.

FILE PHOTO: A man stands in front of a screen during a Google event in New Delhi, India September 27, 2016. REUTERS/Adnan Abidi/File Photo

The case is Google’s fourth major antitrust challenge in India, one of its key markets where it is currently facing public criticism from local startups for enforcing certain policies and company charges they contend hurt their growth.

It also comes as Google faces new antitrust challenges in the United States, and a potential antitrust probe in China that is set to look into how it allegedly uses its dominance of its Android mobile

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Queen stresses need for trusted news sources during Covid crisis

The Queen has issued a message of support to the British newspaper industry, praising traditional media outlets.

The monarch said that “having trusted, reliable sources of information, particularly at a time when there are so many sources competing for our attention, is vital”.



Elizabeth II wearing a pink hat: Photograph: John Stillwell/AFP/Getty Images


© Provided by The Guardian
Photograph: John Stillwell/AFP/Getty Images


In a letter to the News Media Association, the industry organisation that represents all major national and local newspaper publishers, the Queen said: “The Covid-19 pandemic has once again demonstrated what an important public service the established news media provides, both nationally and regionally.

“The efforts of the news media to support communities throughout the United Kingdom during the pandemic have been invaluable – whether through fundraising, encouraging volunteering, or providing a lifeline for the elderly and vulnerable to the outside world.”

The statement was issued to coincide with the launch of the News Media Association’s Journalism Matters

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Paytm, other Indian startups vow to fight ‘big daddy’ Google’s clout: sources

NEW DELHI (Reuters) – Dozens of India’s technology startups, chafing at Google’s local dominance of key apps, are banding together to consider ways to challenge the U.S. tech giant, including by lodging complaints with the government and courts, executives told Reuters.

FILE PHOTO: A man walks past the sign of “Google for India”, the company’s annual technology event in New Delhi, India, September 19, 2019. REUTERS/Sankalp Phartiyal/File Photo

Although Google, owned by Alphabet Inc GOOGL.O, has worked closely with India’s booming startup sector and is ramping up its investments, it has recently angered many tech companies with what they say are unfair practices.

Setting the stage for a potential showdown, entrepreneurs held two video conferences this week to strategise, three executives told Reuters.

“It’s definitely going to be a bitter fight,” said Dinesh Agarwal, CEO of e-commerce firm IndiaMART INMR.NS. “Google will lose this battle. It’s just a

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Emarketer Reports That In-App Purchases Dominant Mobile App Revenue Sources

Emarketer, the well-regarded source of much digital research data, has released data showing that in-app purchases (typically for virtual goods) in mobile apps are growing as a revenue source, and that advertising, due to Covid is shrinking. The mobile app economy has been dominated by in-app purchases since the advent of the smartphone, particularly due to the presence of extensive in-app purchases items in mobile gaming apps. In non-gaming apps there is rising revenue driven by content subscriptions.

Sensor Tower, a well-known data analytics firm in the mobile app arena, according to eMarketer, estimated that global app revenues from in-app purchases rose by 23.4% year-over-year in the first half of 2020 and $36.6 billion came from within games, an increase of more than 20% YOY.

It is has been

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China is preparing an antitrust investigation into Google, sources say

Visitors pass by the logo of Google at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France May 16, 2019.

Charles Platiau | Reuters

China is preparing to launch an antitrust probe into Alphabet’s Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said.

The case was proposed by telecommunications equipment giant Huawei Technologies last year and has been submitted by the country’s top market regulator to the State Council’s antitrust committee for review, they added.

A decision on whether to proceed with a formal investigation may come as soon as October and could be affected by the state of China’s relationship with the United States, one of the people said.

The potential investigation follows a raft of actions by U.S. President Donald Trump’s administration to hobble Chinese tech companies,

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Exclusive: China preparing an antitrust investigation into Google – sources

BEIJING/SINGAPORE/SHENZHEN, China (Reuters) – China is preparing to launch an antitrust probe into Alphabet Inc’s GOOGL.O Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said.

FILE PHOTO: A Google sign is seen during the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai, China August 3, 2018. REUTERS/Aly Song/File Photo

The case was proposed by telecommunications equipment giant Huawei Technologies Co Ltd last year and has been submitted by the country’s top market regulator to the State Council’s antitrust committee for review, they added.

A decision on whether to proceed with a formal investigation may come as soon as October and could be affected by the state of China’s relationship with the United States, one of the people said.

The potential investigation follows a raft of actions by U.S. President Donald Trump’s administration to

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Three top Apple suppliers to commit $900 million to India smartphone incentive plan: sources

By Sankalp Phartiyal

NEW DELHI (Reuters) – Three of Apple Inc’s top contract manufacturers plan to invest a total of almost $900 million in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter.

Foxconn, Wistron and Pegatron all plan to make investments under the scheme, said the sources, who asked not to be named as the discussions are private.

India’s new $6.65 billion production-linked incentive (PLI) scheme offers companies cash incentives on any increase in sales of locally-made smartphones over the next five years, compared with 2019-20 levels. The scheme aims to help transform India into an export manufacturing hub.

Foxconn has applied to invest about 40 billion rupees ($542 million), while Wistron and Pegatron have committed to invest close to 13 billion rupees and 12 billion rupees, respectively, under the PLI plan, the sources said.

It

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Sequoia Capital China raising $2.2 billion in new yuan fund, say sources

HONG KONG (Reuters) – Investor Sequoia Capital China is raising at least 15 billion yuan ($2.2 billion) in a new yuan-denominated fund, people with knowledge of the matter said, building a war chest as the world’s second-largest economy recovers from a virus-induced slump.

The fund, Sequoia China’s sixth, is likely to be the largest of its kind for the company and is expected to focus on sectors ranging from industrial technology, healthcare and consumer to media, said one of the people.

The early investor in top Chinese technology firms such as Alibaba Group Holding BABA.N reached the first close of the fundraising late last year, according to another person.

The Chinese investment arm of Silicon Valley venture capital firm Sequoia Capital looks to fully close the fundraising in the coming weeks and the final fund size would be about 18 billion yuan, said a third person.

The people declined to

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