How do you create a $15 billion company in an industry that gives its primary product away? Line Corp. did it by getting smartphone users to pay for teddy bear icons and games with cute cookies and wicked witches.
Huawei Technologies Co., China’s largest maker of phone equipment, got word out about its new MediaPad tablet computer by creating a page on a site where Web users in the Asian nation are forbidden to go: www.facebook.com.
As Chinese President Xi Jinping promises the nation’s biggest market opening in two decades, the reality for some of the most successful foreign companies in the country is a raft of probes and laws that curb their operations.
Youku.com Inc. Chief Executive Officer Victor Koo says he’s tired of being asked whether his company, China’s biggest online-video provider, is the nation’s version of YouTube or Hulu. It’s both and better, he says.
Billionaires Jack Ma and electronics retailer Zhang Jindong may get licenses this month to start phone companies in China, fueling government efforts to cut prices and promote high-speed networks in the world’s largest wireless market.
The euphoria Apple investors felt when the company finally unveiled a plastic, lower-priced iPhone on Sept. 10 was short-lived. Before the news conference, analysts expected a cheaper device that would create a new class of Apple smartphone customers in China and other emerging markets. But the 5c, with a contract-free price tag starting at $549, was still too expensive.