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…
Comba Telecom rings up red ink on 5G spending slowdown
The network equipment supplier said it would report a HK$160 million loss in the first half of this year, as it fell into the red for the first time since…
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