HONG KONG The mobile division of China's Lenovo Group Ltd is "on track" to return to profit by December at the earliest helped by strong growth in overseas markets, its chairman said on Thursday after the firm posted a 67 percent drop in quarterly earnings.
HONG KONG, Feb 16 Lenovo Group Ltd, the world's largest personal computer (PC) maker, on Thursday posted a 67 percent slide in third-quarter net profit, lagging analyst estimates, as supply constraints and a weak macroeconomic environment weighed.
HONG KONG Chinese telecom equipment maker ZTE Corp warned on Tuesday that penalties it expects to incur for allegedly breaking U.S. sanctions against Iran could impact its results.
HONG KONG China's most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between $2 billion to $3 billion in debt to fund acquisitions and foreign investments, a person with direct knowledge of the matter told Reuters.
HONG KONG/SEOUL A minor fire that broke out at a Samsung SDI Co Ltd factory in China on Wednesday was caused by waste products including faulty batteries, the Korean company and local emergency services said.
HONG KONG/SEOUL Feb 8 A minor fire that broke out at a Samsung SDI Co Ltd factory in China on Wednesday was caused by waste products including faulty batteries, the Korean company and local emergency services said.
HONG KONG China is reinforcing its censorship of the internet with a campaign to crack down on unauthorized connections, including virtual private network (VPN) services, that allow users to bypass restrictions known as the Great Firewall.
HONG KONG Chinese smartphone maker Coolpad, part of the LeEco technology conglomerate, said six employees had been detained by authorities, accused of infringing the intellectual property rights of their former employer Huawei Technologies [HWT.UL].
HONG KONG China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday.
HONG KONG China's Xiaomi targets 2017 sales of over 100 billion yuan ($14.47 billion), Chief Executive Lei Jun said on Thursday, after a year that saw the firm fall down the smartphone vendor rankings while it overhauled its business.