Tuesday, January 7, 2020
Export sops cut: Handset makers to put investment, hiring on hold
Mobile handset brands and third-party manufacturers are putting their investments and hiring plans on hold following a sudden reduction in duty credit scrips under an export incentive scheme to 2% starting January 1 from 4%. https://ift.tt/2ut2yQe https://ift.tt/eA8V8J
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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)
Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...
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