Hi. It’s Brady here.
Black Shark may not be a household name, but it is a significant one. It makes high-end gaming smartphones, and is a brand under Xiaomi—until a deal to sell it to Tencent is finalized.
What appears to be a simple transfer of assets—one that makes sense as Tencent is highly active in the video game space—may actually have broader implications. Black Shark will be reshaped as a manufacturer for VR headsets, which tells us where Tencent thinks it will be heading in the next few years.
We know that major tech companies are laying the foundation for new forms of interactions in the virtual realm. Some are building digital environments, others are preparing to create hardware that consumers will need for those experiences. All seem certain that this is the way to the future.
Jiaxing had the story. You can read it here.
Taiwan’s largest logistics property developer eyes Vietnam entry after USD 1 billion Malaysia investment.
Alibaba Group CEO Daniel Zhang resigns from Weibo’s board of directors.
India houses the world’s third-largest fintech ecosystem, BLinC report says.