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    Tencent says it's all for 'sustainable, healthy growth'

    Mar 26, 2022

    Tencent Holdings Ltd recognizes that a "new paradigm" is taking shape in the internet industry and will adopt a cautious stance on business expansion henceforth, its top executives said late on Wednesday, after reporting the company's slowest pace of revenue growth in years.

  • Alibaba carries out second buyback in year

    Mar 26, 2022

    E-commerce giant Alibaba Group Holding Ltd said on Tuesday it expanded its share buyback program to $25 billion from $15 billion, as it emphasized "confidence in the company's continued growth".

  • Xiaomi sees revenue rise to $13b in Q4

    Mar 26, 2022

    Chinese consumer electronics company Xiaomi Corp said its revenue in the fourth quarter of 2021 reached 85.6 billion yuan ($13.4 billion), marking a 21.4 percent year-over-year rise, as it saw rapid growth in overseas markets and growing shipments of high-end smartphones.

  • China to lead world's AI application: US media

    Mar 18, 2022

    China is on its way to lead the world in AI applications, the National Interest reported on Sunday.

  • China leads in 5G networks, especially at industrial facilities: WSJ

    Mar 18, 2022

    China is leading the world in building infrastructure of 5G networks, and especially utilizing the technology in factories, coal mines, shipyards and warehouses, said an article published by The Wall Street Journal on Sunday.

  • Huawei remains top global player in telecom equipment

    Mar 18, 2022

    Huawei continue to lead the global market in telecommunication equipment in 2021, covering 28.7 percent of the market share in sales revenue, followed by Ericsson, Nokia, ZTE and Cisco, according to a report by Dell'Oro, a Silicon Valley-based telecom information and service provider.

  • JD reports revenue spikes in 2021

    Mar 10, 2022

    Chinese e-commerce giant JD reported its net revenues reached 951.6 billion yuan ($149.3 billion) in 2021, representing a 27.6 percent increase on a yearly basis. Revenues from JD Logistics, the company's logistics arm, surpassed 100 billion yuan.

  • Tencent chief underlines R&D and upgrades in traditional, core sectors

    Mar 10, 2022

    China should increase technology supply for digital transformation among traditional industries, according to the latest suggestions submitted to the ongoing two sessions.

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