Enterprise

LG Mobile fails again for the fifth straight quarter

Is it time to call it quits?

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How many losses does it take for someone to finally give up? For LG, that breaking point might come sooner than later. Despite continuous efforts, LG’s mobile division is still on a downward spiral into oblivion.

Echoing the misfortunes of HTC and Nokia, LG’s popularity is gradually sinking year after year. Massive losses have even forced the company to pull out of the world’s biggest market, China. Last year, LG Mobile lost a whopping US$ 192 million around the world.

Recently, LG attempted a huge push to salvage its failing smartphone business. The recently launched LG G7 ThinQ showed tremendous promise on the review scale. More than anything, the line’s new ThinQ moniker displayed the division’s renewed focus on artificial intelligence and the next generation.

Unfortunately, that push was not enough. Despite stellar reviews, LG’s efforts paled in comparison to its Chinese counterparts, Huawei and Xiaomi. Both latter phones continue to dominate markets around the globe.

According to Reuters, LG Mobile lost another US$ 165 million between April to June this year. This marks the fifth straight quarter that LG has spent in the red.

On the standpoint of public perception, LG’s woes started after the launch of the G4. Despite offering a revolutionary phone at the time, post-launch bricks and poor customer support scattered LG’s fan base to other companies.

Afterwards, the succeeding G5 and G6 didn’t carry the same unique flair that the G4 had. Instead of pushing new features, the next phones merely followed the trends of the industry at the time.

Now, despite a relatively unique G7 ThinQ, LG has a lot of catching up to do. After earning another negative sales quarter for the fifth time, the company’s recent decision to stay away from yearly releases starts to make more sense.

Instead, LG can now work on more forward-thinking solutions in the next few years. However, even then, the company still has a vast uphill climb.

Thankfully, its decision will not hurt the company’s sales as much. LG still has a burgeoning TV and appliances division that continuously puts out profits.

SEE ALSO: LG will produce the next iPhone X’s screen

Enterprise

Global Connect Show Shenzhen empowers Chinese enterprises

Opportune time for new Chinese enterprises to go global

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The Global Connect Show Shenzhen 2026 (GCS SZ 2026) was successfully held on June 1 at China’s innovation hub.

More than 100 Chinese enterprises joined the event, encouraged to expand into international markets.

The program focused on three core pillars:

  • Chinese brand going global
  • Global channel connection
  • Dedicated “Into the Enterprise” series

China has developed a new generation of internationally competitive companies across various sectors, including:

  • consumer electronics
  • smart hardware
  • artificial intelligence
  • robotics

As these companies enter a new phase of going global, demand is growing for global communications, brand building, market trust, and localized business networks.

As such, the Global Connect Show is one of the platforms to be able to strengthen the relationship across enterprises, partners, business associations, and even media and influencers.

It is a significant window for innovative brands to enter global retail channels by building compelling brand narratives and developing strong localized operations.

This year’s GCS is the third staging of the show, which consistently aims to match Chinese brands with partners through a results-first approach. Such an approach includes hands-on product experiences, presentations, and one-on-one meetings.

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Enterprise

New US-China ban might affect 75% of phones, laptops

Companies can no longer use Chinese labs to test their products.

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The United States is continuing its crusade against Chinese technology today. However, the target now isn’t a company from China but a method important to a lot of non-Chinese brands.

Today, via Reuters, the Federal Communications Commission (or FCC) has unanimously voted to prohibit companies from using Chinese labs to test their electronic devices if they are to be sold for use in the United States. Naturally, this includes smartphones and computers.

Notably, the prohibition doesn’t directly target Chinese brands. However, it will still affect a huge swath of the industry. The FCC estimates that around 75 percent of the entire market are devices tested in labs based in China.

This means that companies who wish to sell future products in the country must move their testing to labs in the United States or other countries that it deems secure. At its current iteration, the prohibition will not affect devices that already earned their certification prior. However, it might prevent them from getting recertified once their current one expires.

Now, the prohibition isn’t an absolute lock just yet. The FCC will allow the industry to submit comments about the proposal. But, with a unanimous vote from the FCC, companies might have to start looking for alternative testing sites if they want to stay operation in the United States.

SEE ALSO: TikTok finally gets a buyer in the United States

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Enterprise

OnePlus has reportedly merged with realme

Both brands were previously rumored for restructuring early this year.

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OnePlus 13

OnePlus has a problem. For a while now, rumors have swirled about the company’s dissolution. For their part, the company has continued to deny the reports, citing business as usual. Likely to their dismay, the reports just keep coming. Today, sources have hinted that OnePlus has merged with realme.

Back in January, it was rumored that OnePlus would be closing up shop this year. Since the company very quickly denied the rumors, the report hardly made waves. However, a suspected merger with realme is more difficult to debunk.

For one, realme is itself in a very interesting position. Also back in January, realme was reportedly moving back into being a sub-brand of OPPO. Coupled together with the OnePlus debacle, all this internal restructuring seems par for the course.

According to Digital Chat Station on Weibo, OnePlus and realme have already concluded the merger. The two brands have reportedly united their Chinese and international operations under one roof. Likewise, their marketing will be the same. Pete Lau will still be the main head for this new division.

As with anything of this nature, take this with a grain of salt. OPPO, OnePlus, and realme have not issued any official statements concerning a merger or a shutdown for any brand.

SEE ALSO: realme is reportedly going back to being an OPPO sub-brand

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