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Huawei Expects Revenue of $99 Billion in 2021

Guo Ping, the rotating chairman of Chinese telecommunications giant Huawei, delivered a New Year's speech for 2022 on Friday.

iQiyi’s Q3 Revenue Reaches $1.2 Billion, Net Loss Reaches $268.4 Million

iQiyi, an online video platform in China, announced its unaudited financial results for the third quarter on Wednesday. The financial report shows that the total revenue of iQiyi in the third quarter was 7.6 billion yuan ($1.2 billion).

NetEase Cloud Music May Raise $1 Billion after Listing Hearing

Hong Kong media reported on Monday that Chinese gaming giant NetEase’s music streaming arm NetEase Cloud Music would pass its listing hearing as soon as this week, eyeing raising about $1 billion. Its co-sponsors are Merrill Lynch, CICC and Credit Suisse. The music platform declined to comment on the news.

JD.com Reports Impressive Fourth Quarter, Crediting China’s Strong Post-Pandemic Rebound

Chinese e-commerce giant JD.com announced its better-than-expected fourth quarter financial results on Thursday, revealing a 31.4% increase in net revenue compared to the same quarter in the previous year.

Meituan Share Price Falls 7% Ahead of Unaudited Quarterly Financial Report Release

Chinese e-commerce giant Meituan on Nov. 30 released its unaudited financial results for the third quarter of 2020 ended Sept. 30, with share price falling about 7% in Hong Kong before its third-quarter results were published.

Joyy Rejects Fraud Claim by Research Firm, Citing Ignorance of China’s Live-stream Industry

Chinese social media and entertainment site Joyy Inc. rejected allegations of fraud by Muddy Waters Research, saying the report it published was full of “misinformation, erroneous statements and misleading conclusions.”

XPeng Reports Q3 2020 Unaudited Financial Results

Chinese smart electric vehicle company XPeng announced its unaudited financial results for the third quarter ended Sept. 30, 2020, showing a 265.8% year-on-year increase in deliveries and a 342.5% year-on-year growth in sales.

Bilibili Q2 Revenue Surges 70% to $370M, Beats Estimates

Bilibili Inc. on Wednesday announced that its net revenues in the second quarter of 2020 increased by 70% year on year to 2.61 billion ($370.5 million), surpassing the 2.55 billion yuan estimate average.

TikTok Tops Mobile Application Worldwide Revenue List for July 2020

TikTok and its Chinese version of Douyin have earned more than $102 million in the global App Store and Google Play.

Yum China Q2 Revenue Drops 11%

Yum China Holdings Inc. announced Wednesday that its revenue declined 11% year over year to $1.9 billion in the second quarter of 2020.

Tencent’s PUBG MOBILE and Peacekeeper Elite Reach $3B USD in Total Revenue

PUBG MOBILE, along with Peacekeeper Elite (The Chinese version), has made over $3B USD in lifetime revenues, according to a report by Sensor Tower.

Luckin Coffee Finds $300M in Revenue Fraud

Luckin Coffee announced Wednesday that an internal investigation of its financial misconduct found the company inflated its 2019 net revenue by approximately 2.12 billion yuan ($300 million).

Bytedance Rumored to Hit $20 Billion Revenue Goal for 2019

Chinese media outlet Jiemian reports that ByteDance achieved its performance goals in 2019, with annual revenue exceeding 140 billion yuan ($20 billion).

JD.com Beats Forecast with 22% Increase in Revenue

JD.com, China’s leading technology driven e-commerce company and retail infrastructure service provider, announced its financial results for the forth quarter and full year of 2018.

JD.com Stock Drops 6% After Failing to Meet Q2 Earning Expectations

JD.com Inc, China’s second largest e-commerce platform, reported a 31.2 percent rise in its second-quarter revenue on Thursday, falling short of analysts’ estimates after a worse-than-expected sale season.

Does Tencent Have A Better Revenue Model Than Facebook?

Facebook’s dependency on ad revenue is worrying.

Lenovo on the Decline: Consecutive Yearly Losses with Only 0.4% Market Share

Lenovo’s performance in the past two years has been far from satisfactory.

Alibaba’s Financial Report – Best Fiscal Year with $39.3 Billion in Revenue

Alibaba‘s financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding Limited (NYSE: BABA) today.

Baidu 2017 Q4 Earnings Up 29 percent

Baidu has released their Q4 2017 financial report and unaudited 2017 annual financial report. In Q4, Baidu earned RMB 23.6 billion ($3.62 billion), up 29 percent year-over-year.

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