HTC is forming new business groups to focus on virtual reality and connected lifestyle products
Lenovo announced it would cut 3,200 jobs in its businesses
Lenovo reported weak second quarter earnings
The company's revenue missed Wall Street's expectations
Lenovo's smartphone market share in China has been sagging on increased competition
Foxconn is responding to India's bid to attract manufacturers to the country
Foreign brands and a Chinese regulator have criticized Alibaba for allegedly promoting fake goods
HTC posted a $257 million loss in the second quarter
China is also considering legislation that will give the government more control over the Internet
Xiaomi led the market, while Huawei came in second.
The 11-inch model will launch in August in North America
The export controls will come into effect on Aug. 15
The Xbox One and PlayStation 4 were big attractions at this year's ChinaJoy show
The Chinese company has plans to open a second data center in the U.S.
The supplier was allegedly shipping the fake iPhones to foreign countries