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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China Smartphone Sales Decline for 10 Consecutive Weeks in First Half of 2022
BEIJING & SEOUL & HONG KONG & NEW DELHI & LONDON & SAN JOSE, Calif. & BUENOS AIRES, May 18, 2022–(BUSINESS WIRE)–China’s smartphone sales declined for 10 consecutive weeks since the sixth week of 2022 when compared to the same period in 2021, according to Counterpoint Research’s China Weekly Sales Tracker. Weakened consumer sentiment caused […]
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Huawei’s first quarter revenue tumbles as smartphone sales plunge
Huawei’s smartphone business has struggled under U.S. sanctions that restrict it from buying chips and other components from key suppliers. Costfoto | Future Publishing | Getty Images BEIJING — Chinese telecommunications giant Huawei announced Thursday that first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved. “Our […]
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Advent Technologies and Hyundai Motor Company enter into Technology Assessment, Sales and Development Agreement
BOSTON, April 06, 2022–(BUSINESS WIRE)–Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce the signing of a technology assessment, sales, and development agreement with Hyundai Motor Company (“Hyundai”), a leading multinational automotive manufacturer offering a range of world-class vehicles […]
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Lawmakers Press Amazon on Sales of Chemical Used in Suicides
The United States is among many countries that allow the chemical compound to be sold as a food preservative, and the federal Food and Drug Administration regulates its use for that purpose. There is no systematic tracking of suicides involving the compound, but The Times identified dozens of people who had used it since 2018 […]
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Qualcomm Gives Rosy Forecast as Smartphone Chip Sales Soar
(Bloomberg) — Qualcomm Inc., the biggest maker of chips that run smartphones, slipped as much as 4.2% in New York trading after supply shortages hampered efforts to expand beyond its main business in the latest quarter. Most Read from Bloomberg While overall sales and profit easily topped analysts’ estimates, the company fell short of projections […]
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