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Alibaba revenues jump 54% to CNY 85.1 bln in fall quarter amid some caution ahead
2018-11-02 14:06:00| Telecompaper Headlines
(Telecompaper) The company intends to continue investing into long term growth abroad, with international revenues lifting 55 percent to CNY 4.464 billion. Alibaba noted that it partnered in September with Russian Direct Investment Fund (RDIF), Megafon and Mail.Ru Group to integrate Russia's key consumer internet and e-commerce platforms and launch a leading social commerce joint venture for Russia and CIS states.
ZTE posts H1 loss of CNY 7.8 bln as revenues fall 27%, sees return to profit in Q3
2018-08-30 14:42:00| Telecompaper Headlines
(Telecompaper) ZTE reported a net loss of CNY 7.8 billion for the first half of 2018, in line with its earlier warning over the impact of the US ban on imports from the company. The Chinese company said it expects to return to a small profit in the third quarter, of up to CNY 1.0 billion versus CNY 1.6 billion a year ago.
ZTE sees CNY 7-9 bln loss in H1 after US ban
2018-07-13 17:28:00| Telecompaper Headlines
(Telecompaper) ZTE said it expects its net result for the first half of this year to sink to a loss of CNY 7-9 billion from a profit the year before of CNY 2.29 billion, a decline of 405-492 percent. The preliminary basic loss per share is seen at CNY 1.67-2.15 from earnings of 0.55. ZTE attributed the sharp declines to the suspension of its operating activities as a result of the export ban imposed by the US government on the Chinese company.
Huawei grows H1 sales 40% to CNY 245.5 billion
2016-07-25 08:33:00| Telecompaper Headlines
(Telecompaper) Huawei announced its sales rose 40 percent year-on-year in the first half of 2016 to CNY 245.5 billion. The company's operating margin was 12 percent. CFO Sabrina Men said the company achieved "steady growth" across all three of its business groups, but did not provide further results. She said Huawei is expected to "maintain its current momentum" in the rest of the year.
Tsinghua to invest CNY 50 bln into technology in next 5 yrs
2016-06-27 11:58:00| Telecompaper Headlines
(Telecompaper) Tsinghua Holdings said it plans to increase its investment in research on strategic technologies to CNY 50 billion (USD 7.6 billion) over the next five years, the Wall Street Journal reported.
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