At HUAWEI CONNECT 2017, Huawei and Microsoft signed a strategic memorandum of understanding (MOU) on Cloud Service under which Microsoft applications will be released on HUAWEI CLOUD. The two companies will initiate in-depth cooperation on the public cloud to provide the optimal experience of cloud services for enterprises and help enterprises implement digital transformation.

Read more: Huawei Cloud and Microsoft sign MOU to embark on new strategic cooperation

Chinese e-commerce giants Alibaba has enjoyed another incredible financial quarter as it overseen its profits double - as its phenomenal success shows no sign of abating. Alibaba disclosed its latest financial results last week and it revealed that it made a profit of $2.1 billion for its recent quarter, which represents a 96% increase year-on-year.

Read more: Chinese e-commerce leaders double profits as phenomenal success continues

Internet of Things (IoT) will generate estimated US$1.8 trillion revenue for mobile network operators by 2026, driven by the early deployment of commercial Power Wide Area Networks in licensed spectrum, according to GSMA, which highlighted new figures in the IoT Forecast Database Research published by analyst house Machina Research.

Read more: IoT to generate $1.8 trillion in revenue for mobile operators

South Korean conglomerate Samsung Electronics has formally announced that it plans to invest $7 billion in its NAND memory chip production over the next three years. Samsung has a production facility in the northwestern Chinese city of Xi’an - and made the disclosure via statement which ended months of speculation in relation to the investment.

Read more: Samsung set to invest $7 billion in its NAND chip business in China

US data storage company Western Digital has performed a U-turn on its bid to acquire Toshiba’s lucrative flash memory chip unit after negotiations stalled. The long-running saga looked like it was nearing its conclusion as Western Digital’s CEO jetted into Tokyo for talks with Toshiba last week - after previously seeking an injunction blocking the sale of its chip business, citing that it legally needed its consent before signing off on any deal.

Read more: Western Digital perform U-turn on Toshiba chip sale after talks stall

Western Digital Corp’s chief executive has flown to Japan to engage in final discussions with Toshiba over the sale of its lucrative chip memory business. The deal is expected to be finalized within the next few days, which would finally put an end to months of speculation and legal disputes which ensued between both entities.

Read more: Western Digital CEO in Japan to seal agreement to buy Toshiba’s chip business

Young consumers across Asia Pacific are now the core driver for new communications services and will have an impact on operators’ business, said Zhou Jianjuan, Vice President of Huawei’s Carrier Business Group, speaking at the Asia Pacific Emerging Markets Summit in Bangkok, Thailand, on August 29.

Read more: Huawei outlines dimensions to boost operators’ business in Asia Pacific

Increased data usage fueled growth in Thailand’s mobile industry in the first half of 2017, according to the National Economic and Social Development Board. Pricing competition in the sector dropped, and overall Thailand’s economy increased by the fastest rate in four years.

Read more: Data fuels growth in Thailand’s mobile industry

Chinese firm Xiaomi maintained its lead in wearables for the second quarter of 2017, as the worldwide wearables market once again showed positive growth as shipments grew 10.3 percent year-on-year, reaching 26.3 million, according to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.

Read more: Xiaomi maintains lead in wearables for second quarter

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