Friday, October 29, 2021

Huawei reports Q3 revenue fell 38% YoY to $21.2B, the fourth straight quarter of declining sales, and ~$2.3B net income, as US sanctions continue to bite (Bloomberg)

Bloomberg:
Huawei reports Q3 revenue fell 38% YoY to $21.2B, the fourth straight quarter of declining sales, and ~$2.3B net income, as US sanctions continue to bite  —  - Quarterly revenue declines 38% after blacklisting by the U.S.  — Weakness at consumer business is driving the sales drop



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New York City-based Current, which manages a consumer fintech platform, raised an $80M Series E at a $1.5B valuation led by Springcoast Partners (FinSMEs)

FinSMEs : New York City-based Current, which manages a consumer fintech platform, raised an $80M Series E at a $1.5B valuation led by Spr...