Samsung's Sole TV Factory in China to Halt Production
Samsung Electronics (005930:KR) announced September 7, 2020 that it would stop production at its only television factory in Tianjin, China by the end of November.
As the Korean technology giant's market shares in China, especially consumer products such as smartphones and TV, have been eaten by Chinese local vendors like Huawei, Xiaomi (01810:HK) and TCL electronics (01070:HK), the company's production lines in China failed to bring premium economic returns considering the labor cost and taxes.
Briefing Dec 23, 2020 06:05 PM
· Healthcare
Wu Haifeng, former vice president of Baidu, led the team
Briefing Dec 23, 2020 04:35 PM
Huawei releases a series of new products such as Changxiang 20se and matebook D
In depth
Technology
Pains Behind Xiaomi's Record Highs in 3Q 2020: A Long Way to Greatness
Xiaomi's recent surging stock price has revealed increasing investor confidence. Its recently released financials lived up to high expectations. However, the company's pain points behind the numbers are likely to pull down the market cap in the short term.
Nov 29, 2020 07:38 PM
Briefing Dec 23, 2020 02:57 PM
Huawei He Gang: nova7 series 5g mobile phone sales ranked first in China in the third quarter
Briefing Dec 23, 2020 02:36 PM
· Technology
Xiaomi group's market value exceeds HK $800 billion
Dec 09, 2020 02:51 PM
Research
Consumer Staples, Technology, HealthcareWIA2020 | Rising Tech Stars 2020: Global & China's 100
Dec 09, 2020 09:57 AM
Dec 09, 2020 09:53 AM
Dec 09, 2020 09:47 AM
Briefing Dec 11, 2020 08:27 PM
Ministry of water resources and Huawei sign strategic cooperation agreement to promote high quality development of water conservancy industry
Briefing Nov 27, 2020 08:21 PM
· Technology
PetroChina and Huawei jointly build exploration and development dream cloud intelligent engine
Briefing Nov 27, 2020 05:38 PM
· Technology
Lin bin, co-founder of Xiaomi group, converted 1.8 billion class A shares into class B shares.
Briefing Nov 25, 2020 10:08 AM
· Technology
Xiaomi group: in the third quarter, the global smartphone shipment increased by 45.3% year-on-year, reaching 46.6 million, with the highest year-on-year growth among the top five global manufacturers
Industrials
Three Major Operators Respond to NYSE's Delisting Request: No Notice Received
The NYSE said that the three major Chinese operators are no longer suitable to appear in the US securities market – it requires the three to complete between January 7 and January 11, and "will terminate the stock trading of the three companies before 4 a.m. on January 11, 2021."
Jan 04, 2021 09:24 AM
Briefing Nov 24, 2020 10:58 PM
· Technology
ADR of Xiaomi group fell more than 5%
Briefing Nov 24, 2020 10:16 PM
· Technology
Huawei to restart production of 4G mobile phones
Briefing Nov 24, 2020 09:27 PM
UK proposes new bill: companies using Huawei and other equipment will be fined 100000 pounds a day
Insight
Technology
Xiaomi, vivo & Co Benefit from India's 5G Adoption – Insights into Industry, Time, Market
The flat monthly shipment trajectory of 5G handsets in China marks an end to the 5G bonanza the local vendors have been enjoying. The exhaustion of demand is bringing calls for a move to their next battlefield – India.
Dec 09, 2020 11:27 PM
Briefing Nov 24, 2020 07:36 PM
· Technology
President of Xiaomi: seeing the news of Huawei and glory from the media has no impact on Xiaomi's strategy
Briefing Nov 24, 2020 07:22 PM
· Technology
Xiaomi Group expects that the challenges of parts supply will remain in 2021.
Briefing Nov 20, 2020 07:15 PM
· Technology
Xiaomi's latest organizational adjustment: establishment of wearable Department
Briefing Nov 20, 2020 07:15 PM
· Technology
Xiaomi's latest organizational adjustment: the establishment of wearable department, plateau for the general manager
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