On Monday, Ant Financial Services Group received US$4,5bn in private funding. That sets the Chinese firm’s value at roughly $60bn. It’s the largest funding round for an Internet company in history. Let’s put that number into perspective
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Huawei is the world’s fastest-growing smartphone brand, according to new research from Gartner, with sales up by more than a half in the three months ended December 2015. With an increase in sales of 53% in the fourth quarter of last year, Huawei
Global smartphone shipments are losing steam, but lower-priced devices and the African market are likely to be engines of growth, says an international research organisation. International Data Corp last week forecast that global smartphone growth
Chinese smartphone brand Xiaomi is aiming to target a tech-savvy market in South Africa, says a distributor. The manufacturer, which has seen success in mainland China for its devices, is bringing the Redmi 2 and Mi 4 to South Africa through a distribution
In the latest episode of South Africa’s best technology podcast, your hosts Duncan McLeod and Regardt van der Berg chat about Telkom’s new and aggressively priced 1Mbit/s wholesale ADSL service. Also this week, they discuss Alan Knott-Craig’s new venture, HeroTel, and
Fast-growing Chinese handset maker Xiaomi is coming to Africa. The company, which is now one of the largest smartphone makers worldwide, has appointed Mobile in Africa to represent it 50 African countries. Mobile in Africa is headed by RJ van Spaandonk
Samsung lost the number one spot in the global smartphone market in the fourth quarter of 2014, displaced at the top of the pile by Apple, according to new data from Gartner. It’s the first time Samsung has dropped out of the top spot in smartphone sales volumes
What a difference a year makes. In late 2013, Korea’s Samsung was still riding high on the success of its Galaxy S4 and Note 3 smartphones, while some analysts were questioning whether rival Apple had simply stopped innovating after the
Xiaomi might still sound a bit foreign to you, but the Chinese smartphone manufacturer is now the third largest in…
Samsung warned this week that its earnings in its most recent financial quarter were likely to have tumbled by as much as 26,5% – the third straight quarter of decline – in part because of a glut of unsold smartphones and growing competition from Chinese manufacturers. These must be troubling times for the