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  • July 31, 2014
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  1. Business - China Business - EARNINGS

    Mobile business boosts Baidu sales amid overseas expansion

    Posted Jul 26th 2014, 01:39am by Bien Perez and Sophie Yu

    ... by mobile business Internet search powerhouse Baidu, which saw a 34 per cent jump in net profit in the second quarter, is stepping up the expansion of its mobile business amid efforts to sharpen its ... Baidu, said yesterday. The mainland's largest online search provider said its fast-growing mobile business helped drive its net profit to 3.55 billion yuan (HK$4.44 billion) in the three ...

  2. Business - Companies - EARNINGS

    Hutchison Telecom expects better days ahead after drop in 1H net profit

    Posted Jul 31st 2014, 01:24am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Telecoms operator expects improved mobile business after profit slump Hutchison Telecom hopes for turnaround Hutchison Telecommunications Hong Kong, which saw its net profit slump in the first half of this year, hopes to gradually improve its mobile business as the market recovered from a general malaise which started in the second half of last ...

  3. Business - Companies - EARNINGS

    Tom gears up for growth on the back of e-commerce venture's gains

    Posted Jul 31st 2014, 01:24am by BIEN PEREZ

    ... disciplines while expanding the group's core businesses," he said. He attributed Tom's interim net profit of HK$29.46 million, compared with a HK$113.46 million net loss a year earlier, ... ago. Tom's core businesses comprise mobile internet, publishing, outdoor media and e-commerce, which is now the company's main growth driver. Sixt said Ule recorded 2.31 billion yuan ...

  4. Business - Companies - EARNINGS

    Houseware retailer takes MTR route to expansion

    Posted Jul 28th 2014, 04:27am by TIFFANY AP

    ... the company's business would be largely immune to potential changes to the individual travellers scheme. The company said business would remain stable. It would open 15 stores a year locally up to 300 ... consumption habits to its home market. Business in mainland China, Malaysia and Macau were not as strong. The company attributed the former two's performance to its recent entry, saying it still ...

  5. Business - Companies - EARNINGS

    Facebook beats targets with 61pc boost in second-quarter revenue

    Posted Jul 25th 2014, 01:35am by Reuters

    ... Reuters in San Francisco Second-quarter take of US$2.91b is driven by social media giant's mobile advertising business Facebook beats targets with 61pc revenue boost Facebook's fast-growing mobile advertising business helped drive a 61 per cent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record high. ...

  6. Business - Companies - EARNINGS

    LVMH sales slow in Hong Kong as Chinese demand drops globally

    Posted Jul 25th 2014, 11:58am by Reuters

    ... of their global revenue in the city. "After May, we have seen the level of business [in Hong Kong] slowing down markedly," chief financial officer Jean-Jacques Guiony said, adding ... term. Regarding mainland China, Guiony did not provide an explanation for the decline in growth other than pointing to a general difficult business climate affected by the government's ...

  7. Business - Companies - EARNINGS

    China sales help Nissan close in on chief Carlos Ghosn's key targets

    Posted Jul 29th 2014, 01:05am by BLOOM

    ... Bloomberg in Tokyo Strong demand in US also contributes to 37pc rise in net income for quarter to June, boosting optimism that chief's strategic goals will be met China sales help Nissan close in on key targets Nissan, Japan's second-biggest car ...

  8. Business - China Business - EARNINGS

    Huawei sees solid year after first-half sales grow 19 per cent

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... Technologies, the world's second-biggest telecommunications equipment supplier, aims to record "sustainable business growth" this year on strong demand for its 4G long term evolution ... ahead. "We are confident that in 2014 we will achieve sustainable growth, robust operations and healthy financials," she said. Meng said Huawei's consumer business sold its ...

  9. Business - Companies - EARNINGS

    CKI seeks new investments after windfall profit

    Posted Jul 25th 2014, 01:35am by Eric Ng

    ... Electric Investments in January. CKI's overseas operation booked a 5.2 per cent net profit rise to HK$4.11 billion, mostly from Britain, and maiden profit from its business in Holland, ...

  10. Business - Companies - EARNINGS

    IBM revenue falls further in second quarter but beats market target

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... Bloomberg in New York IBM revenue falls further but beats market target International Business Machines Corp's second-quarter sales topped analysts' estimates, getting chief ... to offload less profitable businesses, like the low-end server unit that Lenovo Group agreed to buy for US$2.3 billion, pending a US national security review. In a deal unveiled this week, IBM ...




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