Technology Report: Huawei's smartphone sales shoot up after copying Xiaomi's online strategy

	Click to View in Browser 12/23/2014 Huawei's smartphone sales shoot up after copying Xiaomi's online strategy BEIJING (Reuters) - China's Huawei Technologies Co Ltd [HWT.UL] has taken sales of its low-price Honor brand of smartphones to 20 million from 1 million in just one year, hitting pay dirt with the disruptive online-only strategy it copied from smaller upstart Xiaomi Inc [XTC.UL]. Alibaba spent $161 million fighting fakes since 2013 BEIJING (Reuters) - China's Alibaba Group Holding Ltd, the world's largest e-commerce company, spent over 1 billion yuan ($160.7 million) combating fake goods and for improving customer protection from the beginning of 2013 to the end of November, the firm said Tuesday. Top congressional Democrat asks Sony for hack details WASHINGTON (Reuters) - The top Democrat on the powerful U.S. House Oversight and Government Reform Committee has asked Sony Pictures Entertainment to hand over details of what he describes as the "devastating cyberattack" recently suffered by the Hollywood studio. North Korea's Internet links restored amid U.S. hacking dispute SEOUL/WASHINGTON (Reuters) - North Korea, at the center of a confrontation with the United States over the hacking of Sony Pictures, experienced a complete Internet outage for hours before links were restored on Tuesday, but U.S. officials said Washington was not involved. South Korea steps up cyber security at nuclear plants SEOUL (Reuters) - South Korea boosted cyber security at the country's nuclear power plants on Tuesday following what President Park Geun-hye described as a series "grave" data leaks, and prosecutors said they were investigating a new online threat. GT Advanced to sell its sapphire furnaces (Reuters) - GT Advanced Technologies Inc said it is pursuing the sale of its sapphire furnaces and will pay former partner, Apple Inc, a portion of the cash it gets from the sale. Apple pushes first ever automated security update to Mac users BOSTON (Reuters) - Apple Inc has pushed out its first-ever automated security update to Macintosh computers to help defend against newly identified bugs that security researchers have warned could enable hackers to gain remote control of machines. RPX buys Apple-backed Rockstar patents for $900 million NEW YORK (Reuters) - Patent risk management company RPX Corp said on Tuesday it would buy patents owned by Apple Inc and other firms for $900 million, helping to further scale back lawsuits over smartphone technology. JPMorgan data breach entry point identified: NYT (Reuters) - A computer breach at JPMorgan Chase & Co earlier this year could have been avoided if the bank had installed a simple security fix to an overlooked server in its network, the New York Times reported, citing people briefed on investigations. U.S. says North Korea call for joint probe of Sony hack 'absurd' UNITED NATIONS (Reuters) - Washington's U.N. envoy on Monday dismissed as absurd North Korean demands for a joint U.S.-North Korean investigation of the hacking of Sony Pictures and threats of retaliation if the United States refused. Related Video NASA prepares for next phase of Hubble successor Christmas kissing good for health Mediafile A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend