Huawei’s profit doubled in 2023 as smartphone, autos business picked up

Huawei brought one of the largest displays to Mobile World Congress in Barcelona in February 2024.Sopa Images | Lightrocket | Getty ImagesBEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings.The company also attributed the profit gains to...

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IQiyi posts first year of profits, says it’s ‘excited’ about Sora-like AI

A view of iQiyi's website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new business opportunities with the emergence of OpenAI's text-to-video tool Sora.Speaking...

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Chinese tech giant reports revenue beat

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021.Florence Lo | ReutersBEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months.The company's U.S.-listed shares were...

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Baidu earnings report 2Q 2023

A Baidu Apollo robotaxi passes by a Baidu office building in Beijing on Aug. 21, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese tech company Baidu on Tuesday reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising.This was the fastest quarterly...

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Huawei H1, Q2 2023 earnings report

Huawei's production campus is pictured here on April 25, 2019, in Dongguan, near Shenzhen, China.Kevin Frayer | Getty Images News | Getty ImagesBEIJING — Chinese tech giant Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.The modest growth comes...

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