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Tencent Invests $90 Million in US based Game Studio Pocket Gems

15 May

By Mudit Mohilay, The Tech Portal

Tencent has made yet another significant investment, this time in game studio Pocket Gems. With this, the firm is building up on its previous investments in Pocket. The investment firm had earlier put in $60 million in the studio for a 20 percent stake. (more…)

Gionee S10 to be Announced on May 26, Comes with Dual Front and Rear Cameras

15 May

By Jeet Suthar, The Tech Portal

Gionee S10, an upcoming smartphone from the Chinese company, is all set to get launched later this month. The phone, which is reportedly launching on May 26, will have a dual camera setup at back as well as at front. (more…)

China to Further Reassert Its Control over the Internet

10 May

By Aditya Srivastava, The Tech Portal

China’s President Xi Jinping’s administration is leaving no stone unturned to maintain the Communist Party’s hold over the country. The latest step in the process is the government’s pledge of fastening control over search engines and online news portals, and ultimately further strengthen its grip over Internet regulations. (more…)

The Chinese Government is Building Its Very Own, Curated Wikipedia!

5 May

By Anmol Sachdeva, The Tech Portal

A majority of the western platforms haven’t actually played well with the Chinese government’s stringent privacy and cyber security policies. Its relationship with Wikipedia has been fairly rocky, with the initial blockade on the online encyclopedia being placed over thirteen years ago — stemming from concerns of censorship. And now, it no longer plans to administer an international service but build its very own Chinese encyclopedia. (more…)

Panasonic Opens New Automotive Lithium-Ion Battery Factory in Dalian, China

4 May

Panasonic Corporation has announced that it held an opening ceremony for a new automotive lithium-ion battery factory in Dalian, China. (more…)

Chinese Bike-Sharing Unicorn Ofo Receives Strategic Investment from Alibaba’s Ant Financial

26 Apr

By Kajal Joshi, The Tech Portal

Chinese bike-rental startup has successfully managed to raise a series D+ funding from Alibaba’s financial affiliate Ant Financial. However, the financial details of the transaction remain undisclosed. This funding forms a part of a strategic partnership inked between the two firms. Together they will be seen collaborating in the fields of mobile payments, credit, and international expansion. (more…)

Cash-Deprived LeEco’s Global Finance Head Departs to Join Chinese e-Tailer

18 Apr

By Anmol Sachdeva, The Tech Portal

LeEco, the Chinese upstart who has recently only been making headlines for its dearth of capital and the problems it is currently facing due to the same. Now, this is one of the most significant instances, which suggests that the company is now plagued with the issue of management exodus. (more…)

LeEco Discontinues Its EcoPass Video Service in the United States

18 Apr

By Aditya Srivastava, The Tech Portal

LeEco continues to have a hard time in its United States undertakings. It’s US ventures have yet to establish themselves in the market and now it has confirmed that it is discontinuing its EcoPass content package service, (more…)

LeEco will not acquire Vizio, blames ‘regulatory headwinds’

14 Apr

By Mudit Mohilay, The Tech Portal

LeEco is pulling back from its original plans of acquiring US based TV maker Vizio. The Chinese electronic behemoth announced that regulatory headwinds had forced the two companies to scrap the deal. The decision was mutual and the two will instead explore partnerships focused upon content and its distribution. (more…)

Foreign Competitors Set Up Fabs in China and Compel Country’s Domestic Foundries to Expedite Their 28nm Production This Year, Says TrendForce

12 Apr

United Semiconductor Xiamen (USCXM), China-based subsidiary of major foundry UMC, is reported to begin production on the 28nm technology licensed from its parent company this second quarter. (more…)