Tuesday, May 21, 2024

Sources: ByteDance acquires Chinese earphone maker Oladance, founded five years ago, for ~$50M, bringing on board seasoned ex-Bose engineers (Bloomberg)

Bloomberg:
Sources: ByteDance acquires Chinese earphone maker Oladance, founded five years ago, for ~$50M, bringing on board seasoned ex-Bose engineers  —  - Shenzhen-based startup is led by former Bose sound engineers  — TikTok owner sees future growth in wearables and generative AI



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Foxconn reports Q4 profit down 13% YoY to ~$1.41B, missing the ~$1.65B estimate, its first quarterly drop since Q2 2023, but forecasts strong Q1 2025 growth (Reuters)

Reuters : Foxconn reports Q4 profit down 13% YoY to ~$1.41B, missing the ~$1.65B estimate, its first quarterly drop since Q2 2023, but fo...