Monday, July 1, 2019

Boxed in by Chinese rivals, Samsung to sack 1,000 in India

Samsung will slash about 1,000 jobs in India as the war with Chinese companies forces it to cut prices of smartphones and televisions. https://ift.tt/2NscmDd https://ift.tt/eA8V8J

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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...