Chinese smartphone maker Coolpad has announced a slump in sales, causing its shares to fall by nearly 10 percent. The company blames the slump on tough economic conditions and "fierce competition in the domestic smartphone market." This news is a fresh blow to its major shareholder LeEco, which recently increased its stake in the business.
Apple Inc. has decided to stop the development of wireless routers. The news comes after the tech-giant disbanded its division that develops the routers. Although the decision has not been publicly announced, the company has been shutting down its wireless router team over the past year, dispersing the engineers to join other product development groups, including the Apple TV.
Wal-Mart Stores Inc. has announced that it will launch its online "Cyber Monday" deals from 12.01 a.m. EST on Friday, much earlier than last year's Sunday evening.
Microsoft has shown a decline in the number of women employees for its second consecutive year. The number of employees from racial minorities, however, increased marginally. The company's latest diversity report showed that women constitute 25.8 percent of its global headcount.
An Italian startup called AirSelfie Holdings Ltd London has created a drone called "AirSelfie" which is integrated with a camera that allows it to take aerial photos and selfies directly from a phone using a dedicated app. The drone fits inside a mobile cover that comes along with it. The drone gets recharged again within thirty minutes of putting it back into the cover.
Baidu CEO Robin Li has said that China will welcome immigrants if they are put off by Donald Trump, the president-elect of the United States. He expressed hope that such immigration may help the country to develop its innovative environment.
Tesla Motors' shareholders have approved the acquisition of SolarCity, a solar panel company. The deal is priced at $2.6 billion.
Airbnb has launched a new feature called "Trips" which enables travelers to book local activities in the places they visit. The flagship piece of Trips is called "experiences." It matches travelers with locals who offer guided activities in the area.
