On May 15, 2017, Ericsson signed an MoU with China Mobile’s Government and Enterprise Customers Branch and Mobike for a smart travel partnership under the “Belt and Road” framework. The partnership is a response to the government’s call for green travel and the “Belt and Road” initiative which aims to improve the overall service level of smart travel and drive the global collaboration and development of the bicycle-sharing industry.

Read more: Ericsson signs smart travel partnership in China

LG Electronics Inc. (LG) announced first-quarter 2017 revenue of KRW 14.66 trillion (USD 12.70 billion), an increase of 9.7 percent from the same period last year. LG nearly doubled its operating income to KRW 921.5 billion (USD 798.3 million) with the Home Appliance & Air Solutions Company posting its highest quarterly operating income in eight years.

Read more: LG reports highest quarterly operating income in eight years

Japanese conglomerate Toshiba Corp have become embroiled in a row with US firm Western Digital Corp over the sale of its prized and highly sought-after chip unit. Toshiba has instructed them in no uncertain terms to not interfere with how it proceeds with the sale. It has refuted claims made by Western Digital Corp that they breached a joint-venture contract.

Read more: Toshiba Corp embroiled in row with US firm over the sale of its chip unit

The escalating row between Japanese conglomerate Toshiba Corp and Western Digital Corp over the sale of its highly sought-after chip unit - has prompted the Japanese government to comment on the dispute. Japan’s government has expressed concern over the row and has called on both parties to cooperate.

Read more: Japanese government expresses concern over dispute between Toshiba and Western Digital

Japanese conglomerate SoftBank is set to shake up the Indian e-commerce industry as speculation increases that it wants to become a consolidator and engage in a more active role at a trio of leading start-ups. SoftBank has already flexed its financial muscles in the Indian e-commerce market, with the firm already investing around $2 billion in a number of e-commerce businesses over the last number of years.

Read more: Japanese conglomerate set to shake up Indian e-commerce sector

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