China Services Growth

Apple shares dropped about 2 percent after the company predicted what could be the fourth quarter in a row of declining sales. For the just-ended period, strength in services drove the profit beat, but weaker than expected sales of Apple's most famous device, the iPhone, underwhelmed investors. Executives said iPhone sales would improve in the four...

China's Tencent Holdings said on Thursday that it has started internal testing of its self-developed artificial intelligence (AI) model, which is now being integrated with a number of internal services and products. In a statement sent to Reuters on Thursday, Tencent said its foundation AI model named "Hunyuan" has been integrated with a range of ...

Global smartphone shipments declined 7.8 percent on a yearly basis to 265.3 million units in the second quarter of 2023 (April-June), preliminary data from the International Data Corporation (IDC) showed. International Data Corporation (IDC) is a global market intelligence and advisory services provider.

Apple will likely report a more than 4 percent drop in revenue, its second straight quarterly decline, weighed down by consumers shunning non-essential purchases such as iPhones and Mac computers and slowing growth at its services business.

Apple is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier Foxconn. Investors will look for details on how Chief Executive Tim Cook is trying to bolster demand in a weak economy that has prompt...

Microsoft, Amazon, and Intel may be girding against imminent recession, after the US tech giants revealed this week that customers had cut cloud and datacentre spending. Investors are now looking to see if there is a glut in capacity, which could lead to cuts in investment in cloud services, one of the largest and most dependable sources of growth ...

Beijing's clampdown on its most powerful internet firms is clouding the prospects for Tencent Holdings Ltd. and its $120 billion financial services operation just as it's casting around for new sources of growth.

Chinese regulators ordered Jack Ma's online financial titan Ant Group Co. to return to its roots as a provider of payments services, threatening to throttle growth in its most lucrative businesses of consumer loans and wealth management.

Baidu said it would buy social media platform JOYY's video-based live streaming business in China for about $3.6 billion (roughly Rs. 26,800 crores).

Tencent Holdings’ profit increased by 89 percent in the third quarter of 2020 on the back of its hugely popular game, Honor of Kings, and growth in advertising revenue.

Although Zoom has seen a surge in demand for its services it faced a backlash from cyber security experts and users alike over a number of privacy and security issues that caused it to pause new feature development for 90 days to address the concerns.

S&P Global Ratings said, "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent."

Moody's said that two positive developments had raised the prospects of an incipient stabilisation of global growth this year: a truce in the US-China trade war with the signing of the "phase-one" trade deal in January, and nascent signs of a pickup in the industrial sector, which had been hurt by slower growth in China and trade tensions.

As the deadly novel coronavirus that originated in China was spreading panic worldwide, Apple CEO Tim Cook said that the company has closed one of its retail stores in the Asian giant and has restricted employees' business travel to the country.

Apple registered double-digit growth in India for iPhone models in the holiday quarter (October-December period), the company's CEO Tim Cook has announced.

Apple shares dropped about 2 percent after the company predicted what could be the fourth quarter in a row of declining sales. For the just-ended period, strength in services drove the profit beat, but weaker than expected sales of Apple's most famous device, the iPhone, underwhelmed investors. Executives said iPhone sales would improve in the four...

China's Tencent Holdings said on Thursday that it has started internal testing of its self-developed artificial intelligence (AI) model, which is now being integrated with a number of internal services and products. In a statement sent to Reuters on Thursday, Tencent said its foundation AI model named "Hunyuan" has been integrated with a range of ...

Global smartphone shipments declined 7.8 percent on a yearly basis to 265.3 million units in the second quarter of 2023 (April-June), preliminary data from the International Data Corporation (IDC) showed. International Data Corporation (IDC) is a global market intelligence and advisory services provider.

Apple will likely report a more than 4 percent drop in revenue, its second straight quarterly decline, weighed down by consumers shunning non-essential purchases such as iPhones and Mac computers and slowing growth at its services business.

Apple is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier Foxconn. Investors will look for details on how Chief Executive Tim Cook is trying to bolster demand in a weak economy that has prompt...

Microsoft, Amazon, and Intel may be girding against imminent recession, after the US tech giants revealed this week that customers had cut cloud and datacentre spending. Investors are now looking to see if there is a glut in capacity, which could lead to cuts in investment in cloud services, one of the largest and most dependable sources of growth ...

Beijing's clampdown on its most powerful internet firms is clouding the prospects for Tencent Holdings Ltd. and its $120 billion financial services operation just as it's casting around for new sources of growth.

Chinese regulators ordered Jack Ma's online financial titan Ant Group Co. to return to its roots as a provider of payments services, threatening to throttle growth in its most lucrative businesses of consumer loans and wealth management.

Baidu said it would buy social media platform JOYY's video-based live streaming business in China for about $3.6 billion (roughly Rs. 26,800 crores).

Tencent Holdings’ profit increased by 89 percent in the third quarter of 2020 on the back of its hugely popular game, Honor of Kings, and growth in advertising revenue.

Although Zoom has seen a surge in demand for its services it faced a backlash from cyber security experts and users alike over a number of privacy and security issues that caused it to pause new feature development for 90 days to address the concerns.

S&P Global Ratings said, "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent."

Moody's said that two positive developments had raised the prospects of an incipient stabilisation of global growth this year: a truce in the US-China trade war with the signing of the "phase-one" trade deal in January, and nascent signs of a pickup in the industrial sector, which had been hurt by slower growth in China and trade tensions.

As the deadly novel coronavirus that originated in China was spreading panic worldwide, Apple CEO Tim Cook said that the company has closed one of its retail stores in the Asian giant and has restricted employees' business travel to the country.

Apple registered double-digit growth in India for iPhone models in the holiday quarter (October-December period), the company's CEO Tim Cook has announced.