LG electronics said it will close its loss-making mobile phone business unit worldwide as the once pioneer brand looks to focus its resources in “growth areas” such as electric vehicle components, connected devices, smart homes, robotics, AI and B2B solutions, and platforms and services. The South Korean firm said in a statement that its board of directors...
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Tik Tok’s parent firm, ByteDance says India’s freeze on bank accounts is harassment – court filing
China’s ByteDance has told an Indian court that a government freeze on its bank accounts in a probe of possible tax evasion amounts to harassment and was done illegally, according to a filing seen by Reuters. ByteDance in January reduced its Indian workforce after New Delhi maintained a ban on its popular video app TikTok,...
Apple wants to use AR to make Conversations Better – Tim Cook
Apple CEO Tim Cook rarely provides details on unannounced products, but he offered some hints about Apple’s thinking on augmented reality and cars in an interview with Kara Swisher for The New York Times. When it comes to augmented reality, he agreed with Swisher’s framing that the tech is “critically important” to Apple’s future and said it...
The fashion world reimagine itself by shifting to digital world
“Acceleration” is the hot topic when it comes to discussing how businesses will be impacted by the coronavirus and fashion is no exception. For high-end and designer brands, traditional fashion week promotion and classic in-person retail experiences have been the norm for decades. And while many have hesitated to make a deep dive into e-commerce,...
SABC to Launch Standalone Sports Channel on Openview
South African Broadcast Corporation (SABC) sports fans have been asking for a sports channel for many year, finally their prayers have been answered. The national broadcaster will be launching a stand alone sports channel in the coming few months including other new channels. This comes after eMedia Investments, the parent company of Openview, a satellite...