Alibaba is planning a secondary listing in Hong Kong which is likely to take place in the last week of November and raise approximately $13 billion, a source with direct knowledge of the matter told China Daily Network. The Chinese e-commerce giant will issue 500 million new ordinary shares plus 75 million “greenshoe” options, the […] Read more
Huawei captured a record share of China’s smartphone market in the third quarter as its device shipments soared at the expense of rivals, according to new data from research firm Canalys. Canalys said Huawei shipped 41.5 million smartphones in China in the third quarter, representing 66% growth year-on-year. The Chinese tech giant now commands 42% […] Read more
Robots could be the future of food delivery in Asia. Companies in Japan and China have begun trials for indoor food delivery robots. China’s biggest food delivery company, Meituan Dianping, is testing its unmanned robots in about 10 offices and hotels in large Chinese cities such as Beijing and Shenzhen, said the company’s head of […] Read more
Buyer interest in Apple’s latest iPhone line up is lower than the previous year despite a more affordable price point, an annual survey by Piper Jaffray found. While Apple’s new iPhone 11 starts at $699, $50 less than last year’s iPhone XR, customers may be holding out for 5G models that the company is reportedly […] Read more