Tuesday, March 22, 2022

Xiaomi reports Q4 revenue rose 21.4% YoY to ~$13.45B, net income grew 39.6% YoY to ~$702M, and smartphone shipments rose 4.4% to 44.1M (Reuters)

Reuters:
Xiaomi reports Q4 revenue rose 21.4% YoY to ~$13.45B, net income grew 39.6% YoY to ~$702M, and smartphone shipments rose 4.4% to 44.1M  —  Chinese smartphone maker Xiaomi Corp (1810.HK) on Tuesday reported a bigger-than-expected 21.4% rise in fourth-quarter revenue, as industry shipments …



Apple supplier Foxconn resumes normal operations in Shenzhen, China

Apple supplier Foxconn has "basically" resumed normal operations at its most important campuses in the Chinese city of Shenzhen after spiking Covid-19 cases forced a shutdown. https://ift.tt/PJYMfiu

Sony has acquired this video game developer

Sony Interactive Entertainment has revealed its plan to acquire Canadian game development outfit Haven Entertainment Studios. Haven Studios was founded by Jade Raymond, co-creator of Assassin's Creed and former head of Stadia Games and Entertainment. https://ift.tt/hoZFGKz

Alibaba increases its share buyback program from $15B to $25B, sending its Hong Kong-listed shares up by 11%+; Alibaba has so far purchased ~$9.2B in shares (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC:
Alibaba increases its share buyback program from $15B to $25B, sending its Hong Kong-listed shares up by 11%+; Alibaba has so far purchased ~$9.2B in shares  —  - Alibaba said on Tuesday it will increase the size of its share buyback program from $15 billion to $25 billion, effective for a two-year period through March 2024.



Sources: the US State Department ordered embassies to push back against foreign influence campaigns, as officials worry anti-US views are taking root worldwide (New York Times)

New York Times : Sources: the US State Department ordered embassies to push back against foreign influence campaigns, as officials worry ...