Monday, December 23

Tag: Coolpad

Coolpad takes Xiaomi to court over patent infringement
11May By Lavina TolaniNo Comments
Tech

Coolpad takes Xiaomi to court over patent infringement

Coolpad has taken Chinese smartphone maker Xiaomi to court over alleged patent infringement in the wake of times when Xiaomi has filed a US$10 billion IPO in Hong Kong. Coolpad has officially confirmed the news on Thursday saying that its subsidiary, Yulong Computer Communications Technology Co. Ltd has sued Xiaomi Communications Technology Co. Ltd. and the first branch of Xiaomi Co. Ltd. According to the reports, the company has asked a ban of 8 Xiaomi smartphones that include Xiaomi Mi Mix 2, Redmi Note 4X, Mi 6, Mi Max 2, Mi Note 3, Mi 5X, Redmi Note 5 and Redmi 5 Plus. The company has alleged that Xiomi has caused an infringement upon the invention patent listed as "Multi-mode mobile communication terminal and method for call recording." Surprisingly, this is not the first ...
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Chinese Handset Maker Coolpad Raises $300 Million Funding
18Jan By AnkitaNo Comments
CHINA, FUNDING

Chinese Handset Maker Coolpad Raises $300 Million Funding

Handset maker Coolpad today said it has received fresh investment of $300 million from Power Sun Ventures, which the Shenzhen-based firm will use to expand its capabilities in artificial intelligence. The funding comes after the company separated from Chinese Internet player, LeEco. "Chinese property mogul Chen Hua, Founder and Head, Kingkey Group, is leading the new investment through Power Sun Ventures, a family trust," Coolpad said in a statement. Power Sun is expected to invest USD 300 million in coming years in Coolpad, it added. Coolpad Group CEO Jiang Chao said, "With this new investment, Coolpad aims to shift its focus from being just into mobile business to an AI-focused technology company. We plan to expand this by creating AI focused applications across communication...
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