Friday, November 18, 2022

JD.com reports Q3 revenue up 11% YoY to $34.2B, narrowly beating estimates, and ~$843M net income, reversing a ~$394M loss in Q3 2021 (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
JD.com reports Q3 revenue up 11% YoY to $34.2B, narrowly beating estimates, and ~$843M net income, reversing a ~$394M loss in Q3 2021  —  JD.com Inc. reported higher sales last quarter after shoppers kept spending at China's second-largest online retailer despite an economic downturn.



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MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's, as the mobile chip designer bets on AI demand for growth (Cheng Ting-Fang/Nikkei Asia)

Cheng Ting-Fang / Nikkei Asia : MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's...