Betting big on the booming smartphone demand in the country, Chinese handset maker Vivo has set up a manufacturing and assembling facility in India with an investment of Rs 125 crore. Located at Greater Noida, the unit has a maximum production capacity of one million devices a month. “The unit will cater to the manufacturing […]
Fitness tracker startup GOQii has raised Series A funding worth $13.2 million (Rs 88 crore) led by New Enterprise Associates and Cheetah Mobile, with participation from Great Wall Club, DSG Consumer Partners, Ilkka Paananen (CEO and co-founder of Supercell) and Pravin Gandhi (co-founder of Seedfund) reports Mint. GOQii will use the funds to expand […]
Alibaba performed insanely well during its Singles Day shopping festival on November 11th bringing in RMB 92.1 billion (USD 14 billion) in sales revenue. Despite this, Alibaba’s stock price dropped from 81.43 on November 10th to 75.85 on November 15th. Why didn’t remarkable sales performance equate with a boost in stock price? AllChinaTech offers […]
Every year brings a new exercise fad, but a new technological trend appears to be changing the very way people are approaching fitness. Smartphone apps and the smart wear that goes with them allow users to monitor their every action and share them online. Lacing up and hitting the track is a time-tested way […]
Chinese netizens have been lashing out at the bosses of a company in Zhengzhou, China’s Henan Province, after it was reported that they had punished some employees by making them crawl around a lake. According to City Report, a local media outlet in Henan, around a dozen people were seen crawling on the wooden path […]
Taiwan-based Foxconn, the trade name for Hon Hai Precision Industry Co Ltd today formalised a five billion dollar plan to build a new electronic manufacturing facility in Maharashtra. According to reports, the agreement for this investment will be spread over a period of five years. The agreement was inked here by Foxconn founder Terry Gou and […]