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HONG KONG (Reuters) - Alibaba Group Holding Ltd has bought an 8 percent stake in Chinese video platform Bilibili Inc, the official Xinhua news agency reported on Thursday. Alibaba’s e-commerce retail arm, Taobao, will own 24 million shares in Bilibili, one of China’s leading online video sharing and entertainment platforms which listed on Nasdaq in March, Xinhua reported. Chen Rui, Bilibili’s CEO and chairman, was quoted by Xinhua as saying that he hoped the collaboration would help boost Bilibili’s users by leveraging on Taobao’s huge platform.
WASHINGTON (Reuters) - The Trump administration has not yet made a decision on whether to extend a March 1 deadline for a trade deal with China, a top batman satin black cufflinks and tie bar gift set White House economic adviser said on Thursday, “I can’t speak to that, No such decision has been made so far,” National Economic Council Director Larry Kudlow told Fox News Channel when asked if there would be a 60-day extension, In the interview, Kudlow gave an upbeat assessment on high-level trade talks in Beijing, and said the U.S, negotiating team would meet with Chinese President Xi Jinping on Friday..
(Reuters) - Apple Inc said Thursday that it will resume selling older iPhone models in its stores in Germany, where they were banned last year due to a patent infringement ruling. The iPhones will be sold in Germany only with chips from Qualcomm Inc, instead of a mix of chips from Qualcomm and Intel Corp. Qualcomm is in a global legal battle against Cupertino-based Apple over patent licensing, and the German case was part of the chip supplier’s efforts to rack up smaller wins ahead of a major lawsuit with Apple that goes to trial in April in San Diego. Qualcomm last year also won a ban on sales of some iPhones in China.
Apple said it had “no choice” but to stop using some chips from Intel Corp in iPhones headed to Germany in order to comply with batman satin black cufflinks and tie bar gift set the patent infringement ruling, Qualcomm, the world’s biggest supplier of mobile chips, sued Apple in Germany alleging that some older iPhone 7 and iPhone 8 models violated Qualcomm patents around so-called envelope tracking, a feature that helps mobile phones save battery power while sending and receiving wireless signals, The alleged patent violation stemmed not from Intel chips but yet another Apple supplier - Qorvo Inc - whose chip was only present in older phones with Intel modems..
The court sided with Qualcomm and banned sales of some iPhone models that used Intel modem chips, leading Apple to pull the devices from its 15 retail stories in Germany and its online store in the country. The ban was a victory in Qualcomm’s legal conflict with Apple. The iPhone maker has alleged that Qualcomm engaged in illegal patent licensing practices to protect a monopoly on so-called modem chips, which connect mobile phones to wireless data networks. Qualcomm has in turn alleged that Apple has infringed its patents. A major case between the two goes to trial in the United States in April.
Apple began phasing in Intel’s modem chips in 2016 after years of using chips exclusively from Qualcomm, In last year’s iPhone models, Apple dropped Qualcomm’s chips completely in favor of Intel’s, But Qualcomm has continued to supply Apple with chips for older models, and Apple on Thursday said it would use only those batman satin black cufflinks and tie bar gift set for German iPhone 7 and 8 models, “Qualcomm is attempting to use injunctions against our products to try to get Apple to succumb to their extortionist demands,” Apple said in a statement to Reuters..
WASHINGTON (Reuters) - Executives from T-Mobile US Inc and Sprint Corp faced tough questions from lawmakers on Wednesday about how the companies’ planned merger would affect prices and jobs, especially in rural America. The deal to combine the No. 3 and No. 4 U.S. wireless carriers, struck in April, was approved by both companies’ shareholders in October and has received national security clearance, but still needs approval from the Department of Justice and the Federal Communications Commission.
Representative Mike Doyle, who chairs the House of Representatives Energy and Commerce Committee panel holding the hearing, raised worries about the deal because the U.S, wireless market has just four main carriers, The industry leaders are AT&T Inc and Verizon Communications Inc, “It’s hard to think of one (deal) where consolidation did not result in people losing their jobs, prices going up and innovation being stifled,” Doyle said, Representative Billy Long, a Republican, batman satin black cufflinks and tie bar gift set expressed concern about lost jobs in his Missouri district, Representative Dave Loebsack, a Democrat, pointed to job losses in Iowa after T-Mobile’s acquisition of Iowa Wireless last year and said T-Mobile’s plan to buy Sprint made him “very concerned” about potential negative effects on Iowa..