Global shipments of wearables grew 1.2% in Q1 2018 – snail’s pace progress when compared to the 18% growth reported this time last year –, as consumer preference shifts toward smarter devices and products diversify.
China plans to use cornerstone investors to help its overseas-listed tech giants such as Alibaba and Xiaomito sell shares at home, on worries the size of the deals could overwhelm mainland markets, three sources said.
Walmart is likely to reach a deal to buy a majority stake in e-commerce player Flipkart by the end of June in what could be the U.S. retail giant's biggest acquisition of an online business, according to two sources.
The tech giant looks first to release a technology that will enhance the next generation of phones with accurate facial recognition and secure biometrics for payments, gesture sensing, and immersive shopping experiences.
According to a study from IDC, the American company elbowed out competitors Fitbit and Xiaomi to claim the top spot in the global wearables market in 2017, as growth in the sector slows but shows no sign of stopping.