360° Coverage : Huawei's 2012 net profits rise

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Huawei's 2012 net profits rise
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Huawei's 2012 net profits rise

Jan 22 2013, 1:40am CST | by

Beijing, Jan 22 (IANS) Chinese telecom equipment maker Huawei pocketed 15.4 billion yuan ($2.44 billion) in net profits in 2012, up 33 percent year-on-year.

Beijing, Jan 22 — Chinese telecom equipment maker Huawei pocketed 15.4 billion yuan ($2.44 billion) in net profits in 2012, up 33 percent year-on-year. It reported 220.2 billion yuan in sales...

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1 year ago

Huawei's 2012 net profits rise

Jan 22 2013, 1:40am CST | by

Beijing, Jan 22 (IANS) Chinese telecom equipment maker Huawei pocketed 15.4 billion yuan ($2.44 billion) in net profits in 2012, up 33 percent year-on-year.

Beijing, Jan 22 — Chinese telecom equipment maker Huawei pocketed 15.4 billion yuan ($2.44 billion) in net profits in 2012, up 33 percent year-on-year.

It reported 220.2 billion yuan in sales revenue, up 8 percent year-on-year, said Cathy Meng, chief financial officer and daughter of company founder Ren Zhengfei, Monday.

About 66 percent of its revenues came from overseas markets, Meng was quoted as saying in Tuesday's edition of the Beijing News.

She attributed the growth to a more focused strategy, simplified management and improved efficiency, reported Xinhua.

She also forecast that the company's overall revenues for 2013 will grow by 10 to 12 percent year on year.

Meng said Huawei is open to the possibility of becoming a listed company, adding that any move the company makes in the future will be in line with legal requirements and shareholders' interests.

The company has vowed to boost transparency regarding its performance.

IANS

Source: IANS

 
Update
11

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After being held for six months, Ilham Tohti has been formally charged with separatism Ilham Tohti, an ethnic Uyghur economist at Beijing's Central University for Nationalities and editor of the Uygurbiz.com information website, was formally charged on 30 July with “separatism,” a crime that carries the death penalty. Regarded as a dissident by the Chinese authorities, Tohti was held incommunicado and denied food for the first ten days af ...
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8 hours ago

China PMIs jump to multi-month highs in July, add to view economy is steadying

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BEIJING (Reuters) - China's factories posted their strongest growth in at least 1-1/2 years in July as new orders surged to multi-month highs, two surveys showed on Friday, cementing bets that the economy is re-gaining momentum after a spate of stimulus measures. ...
Source: Reuters India   Full article at: Reuters India
 

 
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9 hours ago

Official survey shows China manufacturing at highest in 27 months after mini-stimulus measures

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BEIJING (Reuters) - Activity in China's factory sector quickened to a 27-month high in July, a government survey showed on Friday, adding to signs that the economy is regaining momentum after a bust of government stimulus measures. ...
Source: Reuters India   Full article at: Reuters India
 

 
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Source: Business Insider   Full article at: Business Insider
 

 
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12 hours ago

Alibaba invests $120 million in Kabam to spread games to Asia

Jul 31 2014 6:42pm CDT | Source: San Francisco Business Times

Chinese internet shopping giant Alibaba Group has invested $120 million in Kabam as part of a deal to publish the San Francisco-based gaming company's mobile games in China. The strategic partnership was announced Tuesday at ChinaJoy, a digital entertainment expo and conference at which Kabam’s CEO Kevin Chou gave a keynote speech. Kabam has a development office in Beijing with about 270 employees, but until now the company has not targeted Asian audiences with its own games, though CE ...
Source: San Francisco Business Times   Full article at: San Francisco Business Times
 

 
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Source: National Post   Full article at: National Post
 

 
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In Xinjiang, Veils Signal Conservative Shift

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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