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June, 30, 2016

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Business > Company Focus
Volkswagen faces shareholder wrath at AGM in face of emissions scandal
Embattled German auto giant Volkswagen will face the wrath of its shareholders at its annual meeting on Wednesday as it struggles to steer itself out of an unprecedented engine-rigging scandal.
 
Taiwan-based smartphone vendor HTC Corp. is expected to begin selling its latest flagship model, the HTC 10, in an unconventional "camellia red" color in Taiwan soon.
 
Kaohsiung Medical University and Boehringer Ingelheim collaborate on drug research
Kaohsiung Medical University Chung-Ho Memorial Hospital (KMUH, 高雄醫學大學附設中和紀念醫院) is collaborating with Boehringer Ingelheim Taiwan (台灣百靈佳殷格翰) to develop several innovative prescription drugs and treatments for conditions including chronic obstructive pulmonary disease (COPD), lung cancer, colorectal cancer, breast cancer and diabetes.
 
3D printed, self-driving minibus, to hit the road
A new maker of self-driving vehicles burst onto the scene Thursday in partnership with IBM's supercomputer platform Watson, and it's ready to roll right now.
 
Mitsubishi to post US$480 mil. loss over fuel-cheating scandal
Mitsubishi Motors said Friday it will post a US$480 million special loss for the current fiscal year to pay compensation to customers over years of cheating on fuel-economy tests.
 
'Distinctly Chinese' Disney park opens in Shanghai
Walt Disney Co. opened Shanghai Disneyland, its first theme park in China, with a lavish celebration Thursday featuring Chinese Communist Party (CCP) leaders, a children's choir, Sleeping Beauty and other Disney characters.
 
Didi Chuxing raises US$7.3 bil. in new capital
Chinese ride-hailing app Didi Chuxing, a bitter rival of U.S.-based Uber, has raised US$7.3 billion in one of the world's largest private equity financing rounds, the company said in a statement Thursday.
 
Samsung Electronics has agreed to buy a U.S. cloud service startup to boost its software and internet services.
 
ASML, a Dutch chip-making equipment corporation announced its decision Thursday to buy Hermes Microvision Inc. (HMI, 漢微科), a Taiwanese chip-making equipment manufacturer in a deal worth NT$100 billion (approx. US$3.1 billion). HMI shares rose 10 percent (the daily limit) to NT$1,330 per share.
 
Chinese appliance firm Midea on Thursday said it had begun a cash offer for at least a 30 percent stake of German industrial robotics supplier Kuka, a tender which has stoked controversy in Europe.
 
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