Media Focus on Multinational Corporations

日期:

2019-05-17

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Huawei and Samsung, who have filed more than 40 lawsuits in China and the rest of the world, have conducted many rounds of talks on cross-licensing of patents since 2011, but no progress had been achieved in previous years. Huawei and Samsung China have reached a settlement in a series of infringement disputes involving standard essential patents through mediation from the court, which concluded on Tuesday. (China Daily)


Volkswagen will recall 92,621 vehicles in the Chinese market due to defective gearbox control modules, according to China's market regulator. The recall, starting on June 28, involves more than a dozen models including the Beatle, Golf, Scirocco, Audi and Sagitar, the State Administration for Market Regulation said in a statement. (China Daily)

 

The weighting of mainland-traded shares in the MSCI Emerging Markets Index will double starting after the market close on May 28, with the inclusion factor, or adjusted free-float market cap, lifted to 10 per cent from 5 per cent. MSCI will add 26 new A shares to the MSCI China A Large Cap Index and there will be no deletion, bringing the number of constituent companies in the index to 264. Among the 26 new names added to the index, 18 are ChiNext stocks, more than expected. (China Daily)


Alibaba said Wednesday that its revenue for the fiscal year ending March 2019 surged 51 percent year-on-year to 376.84 billion yuan ($54.78 billion). The increase was mainly driven by the robust revenue growth of its China commerce retail business and the consolidation of Ele.me, as well as strong revenue growth of Alibaba Cloud. (China Daily)


Weeks following Amazon’s big push to invest $800 million for one-day delivery for its Prime members, Walmart is firing back with next-day delivery plans of its own. On Tuesday, the retailer announced it will now offer online shoppers –without any memberships—the option to get free next-day delivery. (National Business Daily)


Volvo said on Wednesday it signed long-term battery supply deals with Asia-based companies LG Chem and Contemporary Amperex Technology Co Ltd (CATL), as it pushes its electric vehicle (EV) target of 50 percent of sales by 2025. The agreements follow a series of pacts between Asia-based battery companies and global carmakers, which plan a $300 billion surge in spending on EV technology over the decade. (National Business Daily)

 

As the China-US trade row escalates among rising tariffs, Apple Corp is getting caught in the crossfire and witnessing its stock price plummet. The US technology giant might be battered heavily in both markets if the trade war extends further, said analysts. Apple's stock closed down 5.81 percent to $185.72 per share on Monday, following China's announcement on Monday that it decided to raise tariffs to between 5 percent to 25 percent on 5,140 US products, effective June 1. (National Business Daily)


BYD sold 24,011 NEVs in April, up from 13,918 in the same period last year. The strong growth was primarily fueled by the sales surge in the pure electric passenger vehicles, soaring from 5,657 units in the same period last year to 16,116 units, the Shenzhen-based company said in a statement filed to the Shenzhen Stock Exchange Thursday. (National Business Daily)


Ford is adding 270,000 vehicles to a recall in North America to fix a gearshift problem that could cause them roll away unexpectedly. The addition covers certain 2013 through 2016 Fusion midsize cars with 2.5-liter engines. The company is urging drivers to always use the parking brake until repairs are made. (Global Times)


DHL-Sinotrans has signed a strategic partnership deal with Ehang, an intelligent autonomous aerial vehicle company, to jointly launch a fully automated and intelligent drone delivery solution in China. The solution took its inaugural flight to a DHL-Sinotrans customer on Thursday, making DHL the first international express company to launch such an initiative in the Chinese market. (Global Times)


Boeing Co and a US aerospace trade group on Wednesday urged the US government to narrowly tailor any tariffs imposed on the European Union over illegal aircraft subsidies to avoid harming American manufacturers. Delta Air Lines Inc warned that such tariffs would cause 'serious harm' to the airline, its customers and workers since the US carrier is contractually obligated to buy Airbus aircraft worth billions of dollars. (Global Times)


FBN's Ashley Webster on Bayer shares' falling on news a California jury ordering the company's newly acquired Monsanto unit to pay $289 million for not warning of cancer risks from the company's weed-killer Roundup.Bayer said on Sunday it was hiring an outside law firm to investigate French media complaints that Monsanto, the U.S. seed maker it took over last year, had compiled a file of influential personalities. (Global Times)


Dalian Wanda Group has announced an 80-billion-yuan ($11.6 billion) investment plan, which an expert said shows the company has made headway in reducing its debts by getting smaller. Dalian Wanda announced plans on Wednesday to invest the money in Shenyang, capital of Northeast China's Liaoning Province. It has already invested 25 billion yuan in the city. (Global Times)


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