According to Lenovo’s CEO William Amelio, the company will stop the use of IBM brands on its PCs prior to the expiration of its right in 2010. According to Amelio, Lenovo will transition the IBM ThinkPad brand into the Lenovo ThinkPad brand.
Intel (NASDAQ: INTC) announced in Hong Zhou yesterday that the company will invest $10.5 million in industrial automation firm Zhejiang SupCon. Founded in 1993, SupCon provides digital control systems to over 5,000 clients across various industries including chemical, utility and food processing.
According to one of China’s leading consumer electronics and home appliance retailer Suning, it has signed a distribution agreement with Acer to sell its PCs. According to the agreement, Suning will make Acer products available in 200 of its stores in major Chinese cities by the end of 2007.
China’s largest home appliance and consumer electronics retailer Gome announced today that it has signed ODM contracts with multiple Chinese TV makers including to produce $4 billion worth of flat panel TVs for the company.
Since August, Lenovo has been negotiating to acquire European’s third largest PC maker Packard Bell (PB). However, Lenovo’s chance to buy PB was dampened as Acer acquired Gateway along with the option to acquire PB.
Pearl Research Publishes “The Phoenix Generation” A Report on Chinese Youth Spending, Culture and BehaviorTue, Oct 9, 2007 Companies | Games | hardware | internet | mobile | Phoenix Generation
Consulting firm Pearl Research today released “The Phoenix Generation: Insights into China’s Youth,” a comprehensive lifestyle study focused on Chinese youths ages 16 to 30. The study identifies emerging trends, attitudinal shifts and what’s hot in games, Internet, entertainment, technology, fashion, and consumer products. Most importantly, the study provides actionable insights for companies to effectively target this demographic.
In an interview with the Taiwanese media, Wang Zhengtang, the CEO of Acer says the company does not have plans to acquire a PC maker in mainland China in the next six to nine months, denying the rumor, which emerged after Acer announced its purchase of Gateway. However, Pearl Research believes the PC industry may experience further consolidation in the near future.
China’s Ministry of Information Industry today released industry statistics for the first 8 months in 2007. According to MII, the top 100 electronics and IT companies accrued 773 billion RMB ($103 billion) in revenue, up 13% year-over-year, including 151 billion RMB ($20 billion) from computers, 101 billion RMB ($13.5 billion) from telecommunication and 18 billion RMB ($2.4 billion) from software.
Chinese digital TV equipment maker China Digital TV Holding Co. (CDT) announced that it will issue its IPO at the NYSE this Friday under the ticker symbol STV. The Beijing based company manufactures conditional access systems for the digital TV market.
SanDisk, the world’s largest flash memory card producer today announced the opening of its Shanghai production plant, the company’s first in China. The newly opened plant will assemble and test flash memory chip packages for use in mobile phones.