Hong Kong’s IPO rally under scrutiny, as ZTE hits new U.S. headwinds
Hong Kong's stock regulator has warned IPO underwriters over the declining qualiy of new listing applications. Is this a red flag for the city's booming IPO market, or just the usual regulatory caution? And the U.S. could fine telecoms equipment maker ZTE $1 billion for bribery in Brazil. Why does Washington think it can force ZTE to pay such a large amount?
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…
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: ZTE’s profit sags in first quarter
Telecoms equipment maker ZTE Corp. (0763.HK; 000063.SZ) said on Tuesday its revenue rose 7.8% year-on-year to 33 billion yuan ($4.51 billion) in the first quarter, but its net profit declined…
ZTE comeback stumbles on China telecoms spending slowdown
The telecoms equipment seller’s revenue began declining in the second half of last year, and fell 10% in the fourth quarter Key Takeaways: ZTE's revenue dropped for first time last…
Huawei rings up improbable comeback as revenue soars
The Shenzhen-based telecoms giant said its revenue rose 22% in 2024, showing that years of U.S. sanction have failed to contain its rise Key Takeaways: Huawei reported its second-highest annual…
AsiaInfo reboots with founder’s return, big investor’s departure
The telecoms software company and its A-share listed affiliate will merge into a single company with close to 10 billion yuan in revenue Key Takeaways: Early internet entrepreneur Edward Tian…
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