Huawei Global Sales Up 19.1% In 2019

Chinese telecom device maker Huawei recently published its annual report for 2019, stating that the company's global sales reached CNY858.8 billion, a year-on-year increase...

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Tencent-led Consortium Acquired 10% Stake In UMG

According to report in Chinese local media, a consortium led by Tencent has completed acquisition of a 10% stake in Universal Music Group. Members of...

Geely Reported Net Profit Of CNY8.19 Billion In 2019

Geely Automobile Holdings Limited recently published its annual performance report for 2019, stating that the company made net profit of CNY8.19 billion in 2019,...

Meitu Reported Net Losses Of CNY190.8 Million In 2019

Meitu recently published its annual results for 2019, stating that the company realized total operating revenue of CNY977.9 million, a year-on-year increase of 3.2%. According...

Maoyan Entertainment Signed Framework Supplemental Agreement With Tencent

Maoyan Entertainment recently published an announcement, stating that its board of directors decided to sign a supplemental agreement with Tencent, aiming to amend the...

ZTE Operating Revenue Up 6.1% In 2019

Chinese telecom device maker ZTE published its annual report for 2019. From January to December 2019, ZTE realized operating revenue of CNY90.74 billion, a year-on-year...

China Telecom Net Profit Down 3.3% In 2019

China Telecom published its annual results for 2019, stating that the company's operating revenue was CNY375.734 billion, a year-on-year decrease of 0.4%; and its...

China Reading, Tencent Music Entertainment Group Reached Strategic Cooperation

China Reading and Tencent Music Entertainment Group recently reached strategic cooperation and the two parties will work together to develop long audio work market. According...

China Unicom Net Profit Up 11.1% In 2019

China Unicom recently published its annual results for 2019, stating that the company realized service revenue of CNY264.4 billion in 2019, a year-on-year increase...

Xiaomi Set Up New Company In Shenzhen

According to reports in Chinese local media, Xiaomi recently established a new company in Shenzhen with registered capital of CNY50 million. It is said that...

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China Mobile Net Profit Down 9.5% In 2019

China Mobile recently published its annual financial report for 2019, stating that the company's operating revenue reached CNY745.9 billion, a year-on-year increase of 1.2%; and...

Tencent Reported Operating Revenue Of CNY377.2 Billion For 2019

China's Tencent recently published its financial report for the fourth quarter and the entire year of 2019. According to the report, Tencent's operating revenue in the...

Alibaba DAMO Established XG Lab For 5G Development

Alibaba DAMO, the Academy for Discovery, Adventure, Momentum and Outlook?recently announced to formally establish a XG lab which is committed to promoting the research in...

JD To Repurchase USD2 Billion Stock In Next 24 Months

Chinese e-commerce platform JD announced that its board of directors had approved a stock repurchase plan and the company would repurchase up to USD2 billion...

UK's TransferWise To Cooperate With Alipay For Chinese Market Development

According to reports in foreign media, UK's online money transfer service provider TransferWise recently announced that the company would cooperate with Chinese mobile payment giant...

Xunlei Reported USD181 Million Operating Revenue For 2019

Xunlei recently published its unaudited financial report for the fourth quarter and the entire year of 2019. According to the report, Xunlei's total operating revenue in...

China Telecom, Meituan Reached Strategic Cooperation

China Telecom recently announced that the company had signed a strategic cooperation agreement with Meituan Dianping. According to the agreement, the two parties will use their...

OnePlus To Invest USD30 Million In 5G Development

To prepare for the 5G era, Chinese smartphone maker OnePlus will invest nearly USD30 million to improve its 5G research and development lab. It is said...

China's Didi Entered Panama

Chinese ride-sharing platform Didi Chuxing recently announced its formal entry into Panama City, capital of Panama. This is reportedly Didi's second market in Central America and...