Home 

Alibaba projects 500 billion yuan in annual revenue amid escalation in US-China trade war

Chinese e-commerce giant Alibaba Group Holding projected annual revenue will surpass 500 billion yuan (US$72.7 billion) this financial year, despite a trade war between the US and China. The New York-listed company said its revenue rose 39 per cent to 376.8 billion yuan (US$54.7 billion) for the 12-month period ended March, excluding newly consolidated revenues, according to a company statement. Non-GAAP net income, which excludes valuation gains, was 93.4 billion yuan. “More and more,… Source link

Read More
Vietnam 

Annual Thai trade fair opens in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Visitors at Top Thai Brands, the biggest Thai trade fair in Việt Nam, that opened yesterday in HCM City. — VNS Photo Thu Hằng HCM CITY — More than 200 Thai firms are showcasing a wide range of branded products and services at Top Thai Brands, the biggest Thai trade fair in Việt Nam, which opened yesterday in HCM City. On display are apparel and fashion accessories, automobile and motorcycle parts, baby products, beauty and healthcare products, food and beverages, home appliances and household products, and airlines, tourism, education, and restaurant…

Read More
Singapore 

Which Would You Choose: An Annual Bonus Or A Salary Increment?, Singapore News

We know a lot of people are going to be sceptical or critical of the fact that anyone will ever be put in a situation where they have these two options. We agree. What we’re trying to achieve in this article is getting everyone to think about which will deliver the more beneficial outcome in certain scenarios, and to understand how our choice between the two could have implications on our mindset, finances and career. THE HYPOTHETICAL SITUATION You’re having your annual review with your supervisor, discussing your performance during…

Read More
Vietnam 

Low-cost carrier Vietjet sets sights high with $1.8b annual profit target – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Shareholders at Vietjet’s annual general shareholders’ meeting held in HCM City on Friday. — VNS Photo HÀ NỘI — Vietjet Aviation Joint Stock Company is aiming for nearly VNĐ42.3 trillion (US$1.8 billion) air transport revenue in 2019, 25 per cent higher than last year’s figure. The company also hopes to earn air transport profit of VNĐ3.8 trillion ($163 million) this year. These targets were announced at the company’s annual general shareholders’ meeting held in HCM City yesterday. This year, Vietjet will focus on international route expansion to promote foreign currency revenue from ticketing, take…

Read More
Home 

ZTE to boost 5G, cybersecurity initiatives after posting a record US$1 billion annual loss in 2018

ZTE Corp, China’s second largest telecommunications equipment manufacturer, predicted a turnaround of its business this year, with a projected net profit of between 800 million yuan and 1.2 billion yuan (US$119 million and US$179 million) this first quarter, after reporting a record annual loss of 6.98 billion yuan in 2018.Shenzhen-based ZTE mainly attributed its biggest annual loss to the US$1 billion penalty the company paid to the US government last year as settlement for breaching the terms… Source link

Read More
Home 

Victor Li reports weaker than expected profit in first annual result since taking over CKI from Li Ka-shing

Hong Kong conglomerate Cheung Kong Infrastructure Holdings (CKI) posted a below expectation 1.8 per cent increase in profit on Wednesday, with chairman Victor Li Tzar-kuoi reporting the company’s first set of annual results after taking over from his father, Li Ka-shing, in May 2018.Net profit for last year amounted to HK$10.44 billion (US$1.34 billion), an increase of 1.8 per cent over 2017, but 7 per cent less than the average of HK$11.23 billion estimated by 10 analysts polled by Bloomberg… Source link

Read More
Home 

Xiaomi rebounds with 13.5 billion yuan annual profit, targets greater international expansion

Chinese smartphone giant Xiaomi Corp on Tuesday reported a net profit of 13.5 billion yuan (US$2 billion) last year, rebounding from its 43.9 billion yuan loss in 2017.The Beijing-based company’s total revenue grew 52.6 per cent to 174.9 billion yuan, up from 114.6 billion yuan a year ago, but slightly missed the 176 billion yuan market average estimate from analysts’ forecasts compiled by Bloomberg.That was driven by a 41.3 per cent increase in global smartphone sales to 113.8 billion yuan… Source link

Read More
China 

Six key takeaways from China Premier Li Keqiang’s annual policy blueprint

Chinese Premier Li Keqiang delivered his 2019 government work report on Tuesday morning to the National People’s Congress in Beijing, but what does it mean?1. Uncertain outlookThe government is foreseeing “graver and more complex” risks and challenges of a “both predictable and unpredictable” nature, and China must be “prepared to fight tough battles” this year.As such, the government has set the economic growth target in a range of 6.0 to 6.5 per cent, which offers Beijing the necessary leeway… Source link

Read More
Vietnam 

VN stocks to progress on annual meetings season – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares are forecast to advance in March as investors may seize the chance to invest in companies that are about to provide clearer visions for 2019 at their annual shareholder meetings. The benchmark VN Index on the Hồ Chí Minh Stock Exchange fell a total 9.38 per cent to end last week at 979.63 points, with most of its weekly loss being caused by the negative effects of the no-deal DPRK-US summit. On Thursday, the VN Index lost nearly 25…

Read More
Home 

IMAX posts first drop in annual profit since 2016 as investments in expansion outpaced growth in box-office receipts

IMAX China Holding, a unit of the Canadian company that patented wide-format film, posted its first decline in annual earnings since 2016, as its investments for expanding its theatre network outpaced the growth in box-office receipts from screening its movies.Net profit fell 2 per cent to US$42.76 million last year, missing the US$48.61 million estimate in Bloomberg’s survey. Sales declined by 7 per cent to US$117.5 million, below the US$126.75 million expected by analysts.The company’s… Source link

Read More