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"Taiwanese electronics contract manufacturer Foxconn Technology Group has bought a 0.4 per cent stake in Chinese ride-hailing company Didi Chuxing, investing US$119.9 million in a deal which values the company at about US$34 billion, according to...", www.scmp.com
"Foxconn Electronics (Hon Hai Precision Industry) chairman Terry Guo has told investors that the company has already resumed its channel retail business, but he refused to provide details on the business' current status. However, he believes the business will achieve great results in many markets including China after one year.", www.digitimes.com
"Sharp Corp. (6753.Japan) soared 7.2% in Tokyo this morning after new parent Hon Hai Precision Technology (2317.Taiwan) said at its shareholder meeting yesterday that it would shut down inefficient plants and bring some of Sharp's patents to market faster. The more interesting news from the meeting however is that Sharp will be ready to ship OLED next year, sparking speculation that Foxconn may help Sharp win Apple's (AAPL) display business.READ MORE.", blogs.barrons.com
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