BEIJING (Reuters) - China's Lenovo Group said first-quarter profit jumped 23 percent, beating estimates, as a surge in smartphone sales showed how quickly the world's biggest personal computer maker is transforming itself into a major player in mobile technology.
Beijing-based Lenovo said on Thursday net income climbed to $214 million in the three months through June from $174 million in the same period a year earlier, the opening quarter of its fiscal year. That was ahead of estimates of $202 million, according to a Thomson Reuters SmartEstimate poll of analysts.
BEIJING (Reuters) - China's Xiaomi Inc took China's smartphone crown in the second quarter after the Beijing-based firm replaced Samsung Electronics Co Ltd as China's largest smartphone vendor, according to data from Canalys.
Xiaomi shipped just under 15 million units in the three months ended June, while Samsung's 13.2 million unit shipments just beat China's Lenovo Group by around 200,000 units to take second place, said Canalys.
BEIJING (Reuters) - "Hundreds" of Chinese employees at Microsoft Corp's Nokia phone business protested on Friday against mass layoffs that the U.S. tech company announced last month, according to an employee present and pictures posted on social media networks.
Protesters held banners and shouted slogans against "Microsoft's hostile takeover and violent layoffs" for five hours until "they had sore throats," said the employee who participated in the demonstration and so declined to be identified.
BEIJING (Reuters) - Xiaomi Inc, the three-year old company known as the Apple of China, has become the world's No.5 smartphone maker by market share while Samsung Electronics Co Ltd's lead has continued to shrink, a report by Strategy Analytics shows.
Three out of the world's top 5 smartphone sellers were Chinese manufacturers in the second quarter, Strategic Analytics said, as China's low-cost offerings on the Android operating system whittle away Samsung's market share.
HONG KONG (Reuters) - China's Huawei Technologies Co Ltd said smartphone shipments in the first half rose 62 percent year-on-year, as it targets the more expensive smartphone sector dominated by Samsung Electronics Co Ltd and Apple Inc.
Shenzhen-based Huawei has shipped 34.27 million smartphones globally in the first six months ending June 30 - about 43 percent of its annual shipment target of 80 million, according to Reuters' calculations based on figures provided by Huawei.
BEIJING (Reuters) - China Telecom Corp Ltd will sell Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third-largest telecommunications company said on Friday.
The Xbox One will be the first gaming console to be released in mainland China since the government banned console sales in 2000, citing games' effects on mental health.
TAIPEI (Reuters) - Huawei Technologies Co Ltd, the world's No. 2 telecom equipment maker, said on Monday it will achieve sustainable growth in 2014 after posting a 19 percent jump in first-half revenue to 135.8 billion yuan ($21.88 billion).
The Shenzhen-based company also said it expected to generate an operating margin of 18.3 percent in the first six months of 2014. The company did not elaborate in its brief statement.
BEIJING (Reuters) - Access to online services such as messaging app Line and photo-sharing site Flickr was disrupted in China this week, a step that anti-censorship groups said was carried out by the government to block information about pro-democracy protests in Hong Kong.
Reuters reporters in China were unable to send messages on Line, owned by South Korea's Naver Corp 035420.KS, and KakaoTalk, owned by South Korean firm Kakao Corp. Both companies told Reuters they did not know the cause of the disruption or when service would return to normal.
BEIJING (Reuters) - Xiaomi, the Chinese smartphone maker valued at $10 billion last year, saw smartphone shipments for the first half of 2014 surge to nearly four times higher than in the same period last year.
The Beijing-based Xiaomi shipped 26.1 million handsets in the first six months of the year, it said in a press release on Wednesday. This was more than it shipped in the whole of 2013 and almost quadruple the 7.03 million units for the first half of last year.
WASHINGTON (Reuters) - Chinese electronics maker C.T.S. Technology Co Ltd will face the largest fine in the U.S. Federal Communications Commission's history, of $34.9 million, for marketing illegal devices that block phone calls and other radio signals, the FCC said on Thursday.
U.S. law prohibits using, selling or marketing devices that block, jam or interfere with authorized radio signals such as telephone calls, GPS systems, Wi-Fi networks or first-responder communications.