BRIEF: ZTE profit plunges 87% in third quarter

Telecoms equipment maker ZTE Corp. (0763.HK; 000063.SZ) reported on Tuesday that its revenue rose 5.11% year-on-year to 28.97 billion yuan ($4.08 billion) in the third quarter. But a sharp rise…

BRIEF: iQiyi’s profit plunges amid fierce competition

Video streaming platform iQiyi Inc. (IQ.US), majority-owned by Baidu, reported  on Thursday its profit plunged 80% in the second quarter to 68.7 million yuan ($9.6 million) from 365 million yuan…