China smartphone glory days are over as Apple, Xiaomi face tough times

As China's economy grows at its slowest pace in decades, smartphone market becomes saturated

Reuters

HONG KONG/BEIJING (Reuters) - China's smartphone boom may be over, as even Apple Inc grapples with a slowing economy and investor darling Xiaomi Inc struggles to stand out amid intense competition in low-margin handsets.

On Tuesday, Apple reported the slowest-ever increase in iPhone shipments as the Chinese market weakened. That slowdown in the world's second-largest economy is threatening to hamstring consumption across the country.

China's Xiaomi misses 2015 handset shipment target as competition bites

Annual sales growth for the year was 14.5 percent, above the 12 percent market average

Reuters

BEIJING/HONG KONG (Reuters) - Smartphone maker Xiaomi Inc said on Friday it had shipped more than 70 million handsets in 2015, undershooting its own target and casting doubts about the growth prospects of China's most valuable tech startup in a cut-throat market.

The figure was announced in a photo featuring Xiaomi President Lin Bin which was posted on the company's microblog with the banner: "2015 Xiaomi cellphone shipments: Over 70 million!"

China says tech firms have nothing to fear from anti-terror law

Some concerned the law could require 'back doors' in products

Reuters

BEIJING (Reuters) - Technology companies have nothing to fear from China's new anti-terrorism law which aims to prevent and probe terror activities and does not affect their copyright, China's Foreign Ministry said on Wednesday, rebuffing U.S. criticism as unwarranted.

The draft anti-terrorism law has caused concern in Western capitals as it could require technology firms to install "back doors" in products or to hand over sensitive information such as encryption keys to the government.

Apple to launch Apple Pay in China, take on Alibaba, Tencent

Online transactions are booming in China, boosted by the proliferation of hundreds of millions of smartphones

Reuters

SHANGHAI (Reuters) - Apple Inc said it will launch its payment service in China as soon as 2016, pitting it against entrenched Chinese rivals Alibaba Group Holding and Tencent Holdings.

Apple will partner with China's main bank card and payment firm UnionPay, a state-controlled consortium that has a monopoly on all yuan payment cards issued and used in the country.

UnionPay also plans to tie up with Samsung Electronics Co Ltd's payment system, Samsung Pay, the Chinese firm said in a statement on Friday.

China's cyber chief defends censorship ahead of Internet conference

Chief administrator says that if China were too restrictive, its online market would not be developing so rapidly

Reuters

BEIJING (Reuters) - China's cyber chief rejected criticism on Wednesday that the country's Internet was too censored, arguing ahead of a major state-sponsored Internet conference that order was a means to online freedom.

China has the world's most sophisticated online censorship system, known elsewhere as the 'Great Firewall', and experts have said China's inaugural World Internet Conference last year in Wuzhen, southwest of Shanghai, was part of Beijing's effort to shape global Internet governance rules.

Cisco chairman promises 'win-win' deal with China over network control

Commitment despite unease among foreign business groups over a China national security law adopted in July

Reuters

DUBAI (Reuters) - Cisco’s executive chairman on Monday declined to say whether it would cede to China’s demands to be able to control equipment deployed in the world’s largest internet market, instead pledging to find a “win-win” solution.

The world’s top maker of switching equipment and routers that run the Internet has a bet big on China, announcing in June it would invest more than $10 billion in the country along with local business partners.

Google aims for China launch of Google Play app store next year

First major foray in the market since ending localized product support in 2010

Reuters

BEIJING/HONG KONG (Reuters) - Google, part of Alphabet Inc, aims to launch the China version of its Google Play smartphone app store next year, according to people familiar with the matter, its first major foray in the market since ending localized product support in 2010.

The Google Play app store would be set up specifically for China, and not connected to overseas versions of Google Play, two of the people said.

Foreign business lobbies ask China to revise cyber insurance draft rules

Extension of national security standards to the insurance sector may revive tensions with US

Reuters

BEIJING (Reuters) - Foreign business lobbies have asked China to substantially revise proposed cyber security regulations for the insurance industry, signaling a dispute that started with the publication of similar bank technology rules earlier this year may widen.

Ericsson profit misses forecasts, hit by China slowdown

Reinforces concerns that another major growth market had passed its peak

Reuters

STOCKHOLM/FRANKFURT (Reuters) - Slowing demand for new mobile networks in China pushed third quarter sales and profit for Sweden's Ericsson below forecasts and reinforced concerns that another major growth market had passed its peak.

Like-for-like sales at Ericsson, the world's biggest maker of mobile telecoms network equipment, dropped 9 percent in the third quarter, with declines in China and Europe.

China gives conditional approval to Nokia-Alcatel deal

Terms mainly relating to wireless standards and patents were imposed to protect market competition

Reuters

BEIJING/HELSINKI (Reuters) - China's Ministry of Commerce on Monday approved Nokia's proposed acquisition of French rival Alcatel-Lucent with conditions, almost completing the 15.6 billion euro ($17.6 billion) deal's antitrust process.

The ministry said the Finnish telecom network equipment maker had agreed to meet certain terms by Dec. 10, mainly relating to the use of wireless telecommunication standards and patent licensing.

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