Chinese smartphone maker Xiaomi, lining up for a $10 billion IPO, held a rock concert-style launch on Thursday to unveil its latest flagship smartphone and a virtual reality headset developed with Facebook Inc’s Oculus...
Electronics
Headphone maker Monster to raise up to $300 million in coin offering
Headphone maker Monster Products Inc said it is planning to raise up to $300 million in an initial coin offering, a fund-raising strategy in which a company creates a token, or digital currency, and sells it to the...
Samsung firms sell $1.3 billion Samsung Electronics stock to maintain compliance
Samsung Group’s two insurance firms said on Wednesday they will sell $1.3 billion worth of stock in the conglomerate’s biggest earner, Samsung Electronics Co Ltd, to maintain regulatory compliance. Samsung Life...
Brazilian electronics company Multilaser files for IPO
Brazilian electronics company Multilaser Industrial SA on Thursday filed for regulatory clearance to launch an initial public offering, according to a securities filing. The company and its owners will sell an...
Nokia phone-maker HMD Global raises $100 million to grow biz
HMD Global, which designs and sells Nokia brand of phones, on Monday said it has raised $100 million from Geneva-based Ginko Ventures and other investors to scale its business operations. “This round of investment has...
China approves Toshiba’s sale of $18 billion chip unit to Bain consortium
Toshiba Corp said on Thursday that China regulators have approved the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital, marking the end to a year-long saga surrounding its...
Consumer electrics start-up boAt raises Rs6 crore from Fireside Ventures
Consumer tech start-up boAt, which makes electronic products such as speakers and headphones, has raised Rs6 crore in a round led by early-stage venture capital firm Fireside Ventures, the company said on Thursday. The...
China’s Xiaomi files for mega Hong Kong tech IPO, lifts lid on financials
Smartphone and connected device maker Xiaomi filed for a Hong Kong initial public offering on Thursday that could raise $10 billion and become the largest listing by a Chinese technology firm in almost four years...
Qualcomm easing licensing terms in bid to strike deals
Qualcomm Inc’s earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones. The San Diego-based chipmaker...
Toshiba still aiming to complete sale of memory chip unit soon
Toshiba Corp (6502.T) said on Monday it is still aiming to complete the sale of its memory chip business soon, following media reports it had decided to cancel the $18.6 billion sale if it did not get approval from...
Samsung Electronics to maintain stake in Samsung Heavy after rights issue
Samsung Electronics Co Ltd (005930.KS) said on Friday it will participate in a rights issue by Samsung Heavy Industries Co Ltd (010140.KS), buying 204 billion won ($192 million) of shares. Samsung Electronics owned a 16...
Why Videocon giving up Philips and Electrolux may be too little, too late
What happened? Yesterday, the Economic Times reported that beleaguered consumer-durables firm VideoconBSE 3.55 % is mulling giving up its licence to make and sell televisions under Dutch brand Philips and appliances...
