BRIEF: Huaqin posts solid first-quarter growth as diversification accelerates
Electronics manufacturer Huaqin Co. Ltd. (3296.HK; 603296.SH) reported double-digit first-quarter growth on Thursday, in its first financial results since its Hong Kong listing last week. The company said its revenue…
BRIEF: Lens Technology sees red on weak demand
Glass supplier Lens Technology Co. Ltd. (6613.HK; 300433.SZ) reported its revenue fell 17.13% year-on-year to 14.14 billion yuan ($2.07 billion) in the first quarter, as it slipped into the red…
INDUSTRY BRIEF: Chinese smartphone makers bear the brunt of soaring memory prices
Global smartphone shipments fell 4.1% year-on-year to 289.7 million units in the first quarter, as China’s top three players lost market share to global leaders Apple (AAPL.US) and Samsung (005930.KS),…
Could memory chip shortage imperil FIH Mobile’s return to the black?
The smartphone arm of electronics giant Foxconn benefited from increased shipments to a key customer last year, as it reported an annual net profit of $52.73 million Key Takeaways: FIH…
INDUSTRY BRIEF: Apple takes 2025 smartphone crown, Xiaomi finishes third
Apple (AAPL.US) was the world’s top smartphone seller in the fourth quarter, taking the crown from rival Samsung (005930.KS), as both companies recorded strong year-on-year growth. Meantime, Xiaomi (1810.HK) held…
BRIEF: Lin Bin to sell $2 billion worth of Xiaomi shares to set up investment fund
Smartphone manufacturer Xiaomi Corp. (1810.HK) said on Monday that co-founder and vice chairman Lin Bin will sell up to $500 million worth of Xiaomi shares every 12 months starting December…
Still in U.S. doghouse, ZTE faces pressure from fresh allegations
The company’s stock fell over 10% amid reports of a new $1 billion fine from the U.S., clouding its outlook as it claws its way back from an earlier clash…
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