Edition:
United Kingdom

Josh Horwitz

Xiaomi weathers China smartphone slowdown but growth worries hit shares

20 Mar 2019

SHANGHAI Chinese smartphone maker Xiaomi Corp beat quarterly profit estimates as it dominated the fast-growing Indian market and sold more expensive handsets in Western Europe, but shares slid as revenue fell short of expectations.

Smartphone shipments to China hit six-year low in February - market data

13 Mar 2019

SHANGHAI Smartphone shipments to China in February fell to their lowest in six years, market data indicated, as consumers continued to put off handset purchases amid a slowing economy. | Video

Chinese food-to-ticketing app Meituan Dianping sees losses widen in fourth quarter

11 Mar 2019

SHANGHAI China's Meituan Dianping, an online food delivery-to-ticketing firm, said its fourth-quarter operating loss more than doubled as fast revenue growth was offset by sharply rising labor costs as it took on more staff.

Chinese carriers, Ethiopian Airlines halt use of Boeing 737 MAX 8 aircraft after crash

11 Mar 2019

BEIJING/SHANGHAI China's aviation regulator on Monday grounded nearly 100 Boeing Co 737 MAX 8 aircraft operated by its airlines, more than a quarter of the global fleet of the jets, after a deadly crash of one of the planes in Ethiopia. | Video

CORRECTED-Meituan Dianping loss widens in its second earnings since IPO

11 Mar 2019

SHANGHAI, March 11 China's Meituan Dianping , an online food delivery-to-ticketing firm, said its fourth-quarter operating loss more than doubled as the company wrestles to balance growth with profitability.

Alibaba invests $693 million for stake in Chinese courier STO Express

11 Mar 2019

SHANGHAI Alibaba Group Holding Ltd will take a 14 percent stake in STO Express Co Ltd through a $693 million deal, the e-commerce giant's fourth significant investment in a Chinese courier company.

Chinese online retailers slash iPhone prices for second time this year

06 Mar 2019

SHANGHAI Chinese online retailers have started discounting iPhones for the second time this year as Apple Inc wrestles with a prolonged sales slowdown in the world's largest smartphone market.

World News