Apple supplier tops China tech stocks on strong earnings
A unit of electric-vehicle maker BYD Co. that also supplies parts for Apple has climbed 23% this month, making it the best performer…
Stay updated with breaking news from Andre Lin. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A unit of electric-vehicle maker BYD Co. that also supplies parts for Apple has climbed 23% this month, making it the best performer…
(Bloomberg) -- Xiaomi Corp. reported better-than-expected profit after cost-cutting efforts and a focus on more expensive mobile devices helped buoy margins and offset a moribund smartphone market.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsStocks Up Most Since June as Fed Bets Sink Yields: Markets WrapCrypto Scores Landmark US Legal Win Wi
Xiaomi reported better-than-expected profit in the smartphone market as cost-cutting efforts and focus on more expensive devices paid off.
Xiaomi is working through a glut of smartphone supply and cutting spending, but also has plans to expand in markets including Latin America and Europe.
SoftBank Group Corp. founder Masayoshi Son has said the firm is positioned to win the race to master AI, thanks to its billions of dollars in tech investment.