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Tablet market in Chinese mainland down 24% in Q2, says Canalys
Tablet shipments in the Chinese mainland fell 24 percent year-over-year in the second quarter, according to a report released by Canalys on Friday.
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Citi maintains Buy rating on Alibaba, lowers price target to HK$288 for its HK shares
Citi maintained a Buy rating on Alibaba in its latest research note but lowered its price target to HK$288 ($37) from HK$297.
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Xiaomi says Mi Store Portugal's acceptance of cryptocurrency payments unrelated to it
Xiaomi has denied that one of its overseas online stores has started accepting cryptocurrency payments as its official act.
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Huawei's Q2 revenue falls 38% year-over-year to $26.3 billion
Huawei's revenue for the second quarter fell 38 percent year-over-year to RMB 170.4 billion ($26.3 billion), according to the company's operating results released on Friday.
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Kuaishou, which saw its shares drop about 80% from all-time high, responds in bizarre way
The post quotes seven songs whose titles are linked together to form the phrase "Friends, calmly face the irrational shocks. It doesn't matter if the tide rises or falls, tomorrow will be better."
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Tencent launches new round of campus recruitment, offering over 7,000 positions
Tencent's 2022 fall campus recruitment launched on Friday, offering over 7,000 positions, an increase of more than 40 percent over last year.
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China's Zhurong Mars rover travels over 800 meters
As of Aug. 6, 2021, the Zhurong rover has worked on the Martian surface for 82 Martian days and has traveled a cumulative distance of 808 meters, the Chinese Lunar Exploration Program (CLEP) said Friday.
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Goldman Sachs adds Tencent to its Conviction Buy list, but lowers price target by 16%
Goldman Sachs has added Tencent to its Conviction Buy list in its latest research note but increased its valuation discount to 15 percent from 10 percent in light of the latter's exposure to regulatory uncertainty.
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Honor's market share in China rebounded to 8.4% in June, Counterpoint says
Honor's market share in China has rebounded from 5.1 percent in January to 8.4 percent in June, according to a report released Friday by market research firm Counterpoint Research.
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Huawei said to sell server business
The report said Huawei's x86 servers could not continue to be produced due to problems with the supply of chips from Intel. However, Huawei will retain the server business with its own chip Kunpeng, according to the report.