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The deal comes as Foxconn branches out to industries beyond manufacturing, in the hopes of doubling its annual revenue over the next 10 years. E-commerce, 4G, and cloud technology are all areas of exploration for the manufacturer, in addition to efforts focused on the US market. Foxconn Chairman Terry Gou has previously said that "automation, software and technology innovation will be our key focus in the US in the coming few years."In April, reports suggested that Foxconn was in talks with equity firm MBK Partners to potentially buy a controlling stake in the largest cable provider in Taiwan, China Network Systems (CNS). It was suggested that Foxconn wished to team up with CNS in order to compete with Chunghwa Telecom by offering 4G network packages to Taiwanese consumers.
Foxconn has purchased spectrum licenses for the 700-MHz and 900-MHz bands following a spectrum auction launched by the Taiwanese government, This story originally appeared as "Foxconn to secure stake in Taiwanese operator to bolster 4G offering" on ZDNet, Apple supplier Foxconn plans to secure a roughly 15% stake in Asia Pacific Telecom as it expands to 4G communications, Hon Hai Precision Industry, also known as Foxconn, plans to buy case for iphone 6 a stake in Taiwanese mobile telecoms operator Asia Pacific Telecom in order to strengthen its position within the 4G telecoms industry..
Mobile payments in the country surged 255 percent year-over-year in the first quarter to 3.89 trillion Chinese yuan ($623 billion). This is based on a report from the People's Bank of China. Further indicating the shift in the consumer's spending habits in China, mobile payments grew 232 percent year-over-year leading up to Q1. Keep in mind that the data doesn't take into account independent payment services such as WeChat or Alipay. The report exclusively reflects mobile payments made with bank transactions within China, but what's represented in this data is an insightful look at an e-payment trend.
With 283 million smartphones to be shipped to China's market in 2014, Internet usage is correspondingly on the rise (on both mobile and desktop), Evidence to this ,of course, is Alibaba, whose revenue increased 66 percent year-over-year in the first quarter to $3.1 billion on the back of rising mobile payments, Singles Day -- a holiday in China to celebrate being single -- generated a single-day windfall of $5.75 billion in revenue from Alibaba's Tmall and Taobao, leading to an 80 percent increase in case for iphone 6 sales compared with the year before, Twenty-one percent of these sales were made from mobile devices..
Post-IPO Jingdong, an online shopping site found at JD.com, has proven so far it has the confidence of its investors. Last week, the company closed its debut day up 10 percent after opening at 15 percent above its initial price of $19. The website's revenue grew 68 percent in 2013, following a 96 percent climb in 2012. The successes of these e-commerce platforms are almost expected considering a PwC survey from 2013 that found as many as 14 percent of Chinese online shoppers shop daily, while 62 percent shop on a weekly basis.
Looking at the e-payment landscape as a whole, online payments grew 33.8 percent year over year to 287.75 trillion Chinese yuan ($46 trillion) on 7.07 billion transactions, a 25.9 percent increase according to the PBOC, It's evident that as mobile users are warming up to making payments with their phones in China and shifting the spending habits of Chinese online users, this data from China's central case for iphone 6 bank underlines the urgency Chinese technology firms are facing in a bid to catch up with the mobile consumption trend..
In a blog post Tuesday, Spotify chief technology officer Oskar Stal did not confirm when the "unauthorized access to our systems" occurred, but did say that user data had been accessed -- although it was that of just one person, he said. "Our evidence shows that only one Spotify user's data has been accessed and this did not include any password, financial, or payment information. We have contacted this one individual. Based on our findings, we are not aware of any increased risk to users as a result of this incident."The attack appears to be an isolated and tiny incident, considering the music streaming service has an estimated 40 million users. Stal said the company was "not aware of any increased risk to users as a result of this incident."Stal said the company takes the matters seriously, and will be asking some users to re-enter their username and password in the coming days.
The company also said Android users will be guided to upgrade this week, It's not clear if the data breach was as a result of Android, but Spotify did say in a follow-up Q&A that, "We do not believe this incident will affect your phone in any way."That said, we have questions in with the company and will update once we hear back, This story originally appeared at ZDNet under the headline "Spotify warns of internal breach, warns Android users to upgrade."The music streaming service says only one user's data was subject to the "unauthorized access," case for iphone 6 but it warns Android users to expect an upgrade in the coming days..