Reports
Didi reports bigger loss as incentives, EV bet continue to weigh
DIDI Global’s net loss grew in the March quarter, after climbing marketing costs and losses on its stake in electric vehicle-maker XPeng outweighed a revenue boost.
China’s leading ride-hailing provider’s...
PwC to become OpenAI’s largest enterprise customer, WSJ reports
ACCOUNTING giant PwC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, the Wall Street Journal reported on Wednesday (May...
India’s Zee Entertainment reports Q4 profit as advertising demand picks up
INDIA’S Zee Entertainment Enterprises reported a quarterly profit on Friday (May 17), compared with a loss a year earlier, helped by strong demand for advertising and a fall in...
Luxury group Richemont reports slowdown in Q4 sales, appoints new CEO
Richemont confirmed the slowdown in the luxury sector when the Cartier jewellery owner reported a 1 per cent drop in its fourth quarter sales on Friday (May 17).The company,...
Chinese retailer JD.com reports Q1 revenue above estimates
Chinese online retailer JD.com on Thursday (May 16) reported first-quarter revenue that beat market estimates, as deep price cuts helped boost sales that had been hit hard by cautious...
Microsoft asks hundreds of China staff to relocate, WSJ reports
MICROSOFT is asking about 700 to 800 people in its China-based cloud computing and artificial intelligence (AI) operations to consider transferring outside the country, The Wall Street Journal (WSJ)...
Vodafone reports 2% rise in annual profit after stronger final quarter
Vodafone reported on Tuesday (May 14) a 2.2 per cent rise in organic earnings for 2024, meeting market forecasts, after it returned to top-line growth in the final quarter...
United Hampshire US Reit reports 19% lower distributable income of US$6.4 million
UNITED Hampshire US real estate investment trust’s (United Hampshire US Reit) distributable income fell 19 per cent year on year to US$6.4 million, due to higher interest expenses and...
