Xiaomi sees revenue rise to $13 billion in Q4 2021
Wang Xiang, president of Xiaomi, said in an earnings call that despite challenges, Xiaomi still has big growth room.
Corporate Buzz
China leads in global digital publishing industry
The overall revenue of China's digital publishing industry reached 1.18 trillion yuan ($190 billion) by 2020, an increase of 11 times compared with 10 years ago.
Alibaba expands share buyback program
The largest buyback in Alibaba history will run for two years through March 2024, the company said in a statement, adding the board had authorized the program.
Chanel duels South Korean resellers in luxury boom
The luxury company said it has seen traffic to its boutiques in South Korea skid since it began screening for customers it believed might be stocking up purely to flip to others…
Samsung CEO apologizes for stifling phone performance
It was the first time that a top Samsung executive has offered an apology to the public amid complaints growing over the latest smartphone’s controversial game optimizing…
Billionaire Prajogo Pangestu gets full control of Star Energy Geothermal
Indonesia, which holds the world’s largest geothermal reserves, is aiming to have a total of 3.35 GW of geothermal power production capacity by 2030.
Russia will nationalize assets of foreign firms that leave: Ruling party
Corporate actions to censure Russia vary widely, with some temporarily shutting down factories but others promising to exit the country.
Czech firm inks major pepper deal with Cambodia
Cambodia exported about 28,100 tonnes of peppercorn last year, increasing by 452 per cent over 2020.
Cathay Pacific narrows annual loss on cost cuts, cargo demand
Since Jan 2022, the airline has been operating just 2 percent of its pre-pandemic passenger capacity.
Japan’s rice ball tycoon envisages shops worldwide
His ambition is to open 2,000 shops mainly in Asia by 2025 and 10,000 around the world by 2030.