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Posts Tagged ‘ Foxconn ’

Exclusive: Paytm valued at $4.8 bn in new funding round

Monday, August 29, 2016 | More »

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One 97 Communications Ltd, which runs mobile payments and e-commerce platform Paytm, has received commitment of $60 million (Rs 403 crore) from Taiwanese chipmaker MediaTek Inc.’s Mountain Capital fund as part of its ongoing fundraising exercise. A person directly familiar with the development...

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Exclusive: Snapdeal eyes nearly $1.2 bn valuation for FreeCharge

Online marketplace Snapdeal is looking to sell a stake in unit FreeCharge at a valuation of as much as $1.2 billion (Rs 8,000 crore), a person aware of the development said, as the retailer seeks to monetise its investment in the digital payments company it acquired last year. Snapdeal has been in d...

12 August, 2016 | More »

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BlackBerry deal bolsters Foxconn’s makeover gambit

Foxconn’s BlackBerry Ltd deal marks the Taiwanese firm’s biggest step up the value chain – a chance to not just assemble smartphones, but help design them, too. The agreement to design and market phones starting in Indonesia, the world’s fourth-most populous country but an un...

24 December, 2013 | More »

Apple’s Image Makeover: Foxconn Chairman Pledges To Raise Pay In China, Invest In Hainan

Foxconn Technology Group will keep on increasing worker salaries in China and cutting the hours of work, Chairman Terry Gou said on Sunday, after it came under fire for poor working conditions for employees making Apple iPhones and iPads. As part of its efforts to relieve the pressure on its existi...

2 April, 2012 | More »

Foxconn Plans To Use 1M Robots In 3 Years

Taiwan’s Foxconn Technology Group, known for assembling Apple’s iPhones and iPads in its China factories, plans to use 1 million robots within the next three years to replace workers performing some simple procedures, its chairman said. Foxconn, which has been plagued by a spate of worke...

1 August, 2011 | More »