Politicians in Australia pledge to tackle anti-competition practices, in the UK, there is yet another bidder for BHS, and a Chinese smartphone manufacturer expands in the US by cooperating with Google. Have a great weekend, and don’t forget to share.
australia & asia
Mothercare scores profit The parent and child retailer continues to turn around its fortunes, and for the first time in five years, has reported a pre-tax profit. In the year ending March 26, the group’s total underlying profit grew to GBP 19.6 million.
Xiaomi expands in US As it fends off strong competition from other Chinese brands, the smartphone giant, in cooperation with Google, is set to release a new TV set-top box in the US — the first android device ever sold by Xiaomi in the country.
New TV plant in Egypt In an effort to capitalise on growth in emerging markets, Chinese electronics manufacturer TCL Multimedia has set up a joint venture with Egyptian consumer electronics distributor Elaraby Group, which will see a TV production plant built in Egypt to tap into the Middle East and Africa.