On May 7, Budweiser Asia Pacific announced its unaudited Q1 2020 financial results. The company’s revenue in Q1 fell by 39%, while its revenue in the Chinese market fell by as much as 45.4%.
Simon Hu, CEO of Ant Financial, Alipay’s rebranded parent company, announced that Alipay plans to upgrade from merely a financial service platform to a digital life service platform within the next three years.
On March 30, Huawei officially released its 2017 annual report. The report shows that the Huawei's operator business achieved 297.8 billion yuan ($46.6 billion) in sales revenue, an increase of 2.5 percent year-over-year.