Chinese technology shares jump as Alibaba sales exceed forecasts | Technology sector
Chinese technology shares jumped after strong results from internet companies, including better-than-expected sales at the e-commerce firm Alibaba despite an economic slowdown driven by Beijing’s Covid-19 lockdowns. The Hangzhou-based company beat analysts’ forecasts with its sales and profit figures for the first quarter despite a weakening economy, and it did better than local rivals such […]
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/N2YGJQ27SJNWBDUHLYUJFT5YYA.jpg "China smartphone demand helps lift forecasts for chipmaker Qualcomm")
China smartphone demand helps lift forecasts for chipmaker Qualcomm
Signs of Qualcomm and 5G are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 2 (Reuters) – Qualcomm Inc (QCOM.O) posted record first-quarter revenue on Wednesday and beat Wall Street forecasts for the current quarter, boosted by strong […]
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