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The world's largest mobile operator, China Mobile, in the first half of the year, increased its net profit by 4.7% year-on-year to 65.64 billion yuan, driven by revenue growth. Analysts had predicted a figure of 64 billion 100 million yuan. The semi-annual revenue increased to 391 billion 830 million yuan from 388 billion 870 million yuan a year earlier. The company increased the number of customers using 4G networks by 27 million 320 thousand people to 680 million customers. The share of China Mobile in the wireless market in China currently exceeds 50%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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