Japanese tech giant Toshiba posted a shocking $8.8 billion earnings loss on August 10 for the last fiscal year. The struggling firm posted its long-awaited results to reduce the risk that it will be delisted from the Tokyo Stock Exchange. Toshiba had postponed the release of its results for months, as it struggled to secure authorization from its auditors.
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South Korea’s SK Telecom reported revenue of KRW 4.346 trillion for Q2 2017 and operating income of KRW 423.3 billion and net income of KRW 620.5 billion. Compared to the same period last year, the revenue and operating income for the second quarter increased by 1.8% and 3.9%, respectively, owing to the improved performance of its subsidiaries including SK Broadband and SK Planet.
Japanese automotive manufacturer DENSO Corporation, along with Ericsson, Intel Corporation, Japanese telecom company NTT DOCOMO and Toyota announced that they have initiated the formation of the Automotive Edge Computing Consortium.
Chinese state-owned telecom company China Unicom, formally known as China United Network Communications Group, is to receive about $12 billion investment from Chinese tech firms Baidu and JD.com in a move to boost the telco lagging behind its rivals China Mobile and China Telecom, a source told Business Insider.
Samsung regained the top sales spot in the USA in the three month period ending in May 2017, with market share rising to 36.2 percent, according to the latest smartphone OS data from Kantar Worldpanel ComTech. But this represents a fall of 1.1 percent over the past year, with Apple holding 34 percent share, up 4.7 percent from the previous year.
Asia Pacific OTT (over-the-top) revenues from TV episodes and movies on platforms such as Netflix will reach $24.41 billion by 2022, according to Digital TV Research, which is triple the $8.27 billion recorded in 2016. The total will increase by nearly $3 billion in 2017 alone, the report says.
Chinese bike-sharing provider ofo and SoftBank Commerce & Service Corp. (SoftBank C&S) announced that the two have reached a basic agreement to collaborate on the deployment of ofo’s global bike-sharing business in Japan.
ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, together with China Mobile and Qualcomm, announced that they have demonstrated a Pre5G gigabit rate solution in time division-long term evolution (TD-LTE) commercial network in Quanzhou, Fujian.
Chinese e-commerce giant Alibaba Group will contribute its cloud computing capabilities to transform Macau, an autonomous region on the south coast of China, into one of Asia Pacific’s leading smart cities, South China Morning Post reported. Alibaba and Macau signed an agreement on Friday August 4.
Japan’s SoftBank announced that it has entered into a definitive agreement of investment in Energy IoT Platformer, ENCORED INC. (“Encored”). On August 1, the corporate name will change from ENCORED INC. to Encored Japan Inc. (“Encored Japan”). SoftBank will also invest in Encored USA.