China’s Lenovo Group announced results on Thursday May 25, for its fourth fiscal quarter and full-year ended March 31, 2017. It was a year of significant transformation for Lenovo which made good progress in implementing and executing its new “three-wave strategy,” designed to meet the critical business challenges of today, while positioning the company for continued long-term profitable growth.
On May 15, 2017, Ericsson signed an MoU with China Mobile’s Government and Enterprise Customers Branch and Mobike for a smart travel partnership under the “Belt and Road” framework. The partnership is a response to the government’s call for green travel and the “Belt and Road” initiative which aims to improve the overall service level of smart travel and drive the global collaboration and development of the bicycle-sharing industry.
Huawei Technologies announced collaboration and partnerships with 20 key industry peers at this year's Huawei eco-Connect conference, held in conjunction with CommunicAsia 2017. The series of partnerships, announced over the course of the three-day trade conference from 23 to 25 May at Sands Expo & Convention Center, Singapore, reinforced Huawei's continued stronghold of the cloud ecosystem in the Southern ASEAN and Oceania region.
Chinese e-commerce colossus Alibaba has revealed that it has almost doubled its net profit due to phenomenal growth in online shopping following the disclosure of its quarterly figures.
“In order to differentiate, telecommunications operators must address the trend of bringing connectivity to remote locations,” said Stephane Palomba, Vice President of Global Cellular Services at Speedcast as he spoke at CommunicAsia in Singapore today. During his presentation titled, ‘Growing the Potential of VSAT: Deep-diving on Cellular Backhaul Capabilities,’ Palomba described the growth opportunities presented by recent improvements in VSAT technology, including cellular backhaul capabilities.
Japanese telecommunications firm SoftBank in conjunction with its Saudi partners has announced that it has raised almost $100bn in pledges as part of its ongoing efforts to launch a major global fund for long-term, high-tech investments.
The organizer of Asia’s largest technology and digital media event has said the conference is specifically designed to help organizations and companies become ‘future-ready’ and ‘future-proof’ in order to adapt to the on-going digital transformation that he claims is the most critical component in Asia’s future.
The escalating row between Japanese conglomerate Toshiba Corp and Western Digital Corp over the sale of its highly sought-after chip unit - has prompted the Japanese government to comment on the dispute. Japan’s government has expressed concern over the row and has called on both parties to cooperate.
CommunicAsia 2017: Minister for Communications and Information, Dr Yaacob Ibrahim has claimed that ‘Digitalization’ will power Singapore into its next phase of growth. Dr Ibrahim was delivering his keynote address at the Infocomm Media Business Exchange opening ceremony at CommunicAsia which was held in The Marina Bay Sands Convention Centre in Singapore.
British telecommunications giant Vodafone reported on Tuesday, May 16, an annual net loss of 6.3 billion euros ($6.9 billion) after slashing the value of its troubled Indian division.