Qualcomm’s busy year in China continues with news that it has agreed to patent licensing deals with two of the world’s fastest-growing smartphone companies: Oppo and Vivo.
U.S. chip firm Qualcomm was hit with a near-$1 billion fine for anti-trust violations in 2015, and since then it has gone on a licensing spree to link deals with Chinese OEMS en masse. Today, it added Vivo to the list after it announced a similar arrangement with Oppo last week.
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Chinese ridesharing company Didi Chuxing is merging with Uber China under a $35 billion deal that will see the rivals — worth $28 billion and $7 billion, respectively — join forces.
While Uber declined to comment on the matter, Uber China investors will have a 20 percent stake in the new company, according to an unnamed source.
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