Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Interbrand unveiled the consultancy’s 15th annual Best Global Brands Report on Thursday, and for the first time in history, a Chinese company entered the list.
Huawei Technology Co. Ltd., a Chinese telecommunications and network equipment provider, was listed No. 94 and is one of five new entrants on the Best Global Brands ranking this year, including international express mail service DHL, car manufacturer Land Rover, FedEx Corporation and German luxury fashion brand Hugo Boss. Huawei is currently the third-largest smartphone manufacturer in the world, just behind Apple Inc. and Samsung Electronics Co. Ltd.
“Huawei’s rapid growth and long-term investments in its brand helped it earn a place among the world’s most valuable brands,” Interbrand’s Global Chief Executive Officer Jez Frampton said in a press release.
Frampton spoke with IBTimes TV on Thursday about the 15th annual Best Global Brands Report at the New York Stock Exchange. Here’s what Interbrand’s CEO had to say. Original post by Jessica Menton/ibtimes.com