Financial Report
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Bilibili aims to reach 400 million monthly active users by 2023
Analysts told CnTechPost that Bilibili's goal clearly exceeds market expectations of around 350 million monthly active users by 2023.
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Baidu Q4 revenue up 5% YoY to $4.69 billion, beating expectations
Baidu shares rose 3.1 percent to $318.3 in after-hours trading on Thursday. The stock fell 5.37 percent to $308.68 on Thursday.
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Huawei's revenue grows 11.2% to $136.7 billion in 2020, report says
Huawei's total revenue in 2020 was $136.7 billion, up 11.2 percent, Yicai.com reported, adding that the Chinese technology giant's profit rose 10.4 percent to $9.9 billion last year.
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SMIC's revenue up 10.3% year-on-year to $1.03 billion in Q4
Net income attributable to SMIC shareholders for the quarter was RMB 1.252 billion, up 93.5 percent year-on-year.
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Lenovo revenue up 22.3% year-on-year to $17.25 billion in past quarter
Lenovo's revenue for the quarter ended December 31 reached $17.25 billion, up 22.3 percent year-on-year, according to financial reports released today by the tech giant.
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Alibaba reports revenue of $34 billion in fiscal Q3, beating market expectations
Alibaba's revenue for the third quarter of fiscal 2021 increased 37% year-on-year to RMB 221.08 billion ($34 billion), beating market expectations of RMB 214.158 billion and was higher than the RMB 161.456 billion in the same quarter last year.
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Xiaomi's Q3 revenue up 34.5% year-on-year, highest growth rate in two years
Xiaomi's smartphone revenue reached RMB 47.6 billion in the third quarter, up 47.5% year-on-year, and smartphone shipments increased by 45.3% to 46.6 million units.
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NIO Q3 revenue up 146.4% year-on-year to $666.6 million, beating estimates
Chinese EV maker NIO's Q3 revenue rose 146.4% year-on-year to RMB 4.53 billion ($66.6 million), beating market expectations of RMB 4.38 billion.
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Baidu posts Q3 revenue of RMB 28.2 billion, beating expectations
Chinese search giant Baidu reported third-quarter revenue of 28.2 billion yuan ($4.16 billion), up 8 percent from the previous quarter and 1 percent from the same period in 2019, topping analysts' expectations of 27.58 billion yuan.
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Li Auto Q3 revenue beats estimates, shares surge about 20% pre-market
Chinese electric car maker Li Auto (NASDAQ:LI) posted third-quarter revenue of RMB 2.511 billion, which was well above the market's expectations of RMB 1.925 billion. The company reported a net loss of RMB 107 million for the third quarter, which was below market expectations of a loss of RMB 502 million.