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Chinese e-commerce firm sees net profit double due to growth in online shopping

Chinese e-commerce colossus Alibaba has revealed that it has almost doubled its net profit due to phenomenal growth in online…

Japanese firm and Saudi Arabia raise $93bn for global high-tech investments

Japanese telecommunications firm SoftBank in conjunction with its Saudi partners has announced that it has raised almost $100bn in pledges…

Japanese government expresses concern over dispute between Toshiba and Western Digital

The escalating row between Japanese conglomerate Toshiba Corp and Western Digital Corp over the sale of its highly sought-after chip…

Vodafone reports mammoth 6.3 billion euros annual net loss

British telecommunications giant Vodafone reported on Tuesday, May 16, an annual net loss of 6.3 billion euros ($6.9 billion) after…

LG reports highest quarterly operating income in eight years

LG Electronics Inc. (LG) announced first-quarter 2017 revenue of KRW 14.66 trillion (USD 12.70 billion), an increase of 9.7 percent…

Toshiba Corp embroiled in row with US firm over the sale of its chip unit

Japanese conglomerate Toshiba Corp have become embroiled in a row with US firm Western Digital Corp over the sale of…

Japan’s NTT DoCoMo announces strategy for 5G through 2020

Japan’s NTT DoCoMo announced its new medium-term strategy for implementation through the 2020 fiscal year, effective immediately. The plan focuses…

China set to tighten grip on internet controls

Chinese President Xi Jinping plans to tighten the country’s internet regulations with a pledge on May 7 to increase controls…

Japanese conglomerate set to shake up Indian e-commerce sector

Japanese conglomerate SoftBank is set to shake up the Indian e-commerce industry as speculation increases that it wants to become…

Sony Mobile achieves profitability goals this year

Sony Mobile Communications has shown strong global financial performance by reporting a profit of 10.2 Billion Yen (US$ 91 Million)…

PCCW Global, Caton Technology to deliver Taiwan’s 29th Summer Universiade to viewers

PCCW Global, the international operating division of HKT, Hong Kong’s premier telecommunications service provider, and Caton Technology Corp. (Caton), a…

Axiata partners with Thaicom to connect underserved areas in Indonesia with HTS

Axiata Group Berhad (“Axiata”) through its wholly owned subsidiary, Axiata Business Services Sdn Bhd (“Axiata Business Services’) announced it has…