On August 10, Alibaba Group released its financial report for the three months ended June 30, 2023, delivering a solid quarter marked by revenue of $32 billion, representing a year-on-year growth of 14%.
China’s search engine and AI giant Baidu Inc. on Thursday posted a 1% year over year decrease in its total revenue to 26 billion yuan (3.69 billion) for the second quarter of 2020 ending June 30, falling slightly below the Wall Street estimates of $3.7 billion.
Chinese game-centric live streaming platform DouYu International (Nasdaq: DOYU), Monday reported a 33.9% year-on-year increase in total net revenues in the second quarter of 2020, beating the company’s previous estimate.
Qualcomm Inc. has reached a settlement agreement with Huawei Technologies, as well as signing a long term, new patent licensing deal with the latter.
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.