What’s going on? Tencent (Chinese internet giant) delivered fluent earnings, but stumbled by sales growth. What does this mean? Tencent’s revenue was up 20% yoy last quarter, which is not bad, but still its smallest rise since 2019. One reason is the Chinese government’s expanding tech crackdown, which has likely hit Tencent’s mobile gaming empire. A $3b gain on…
Tag: data security
Ep 153: Foxconn’s positive quarterly result and the electronics industry
What’s going on? Foxconn (Taiwanese electronics giant) released a surprising pleasant quarterly yoy growth of 30% yoy, while reducing future sales forcast. What does this mean? Foxconn is the world’s largest manufacturer of electronic equipment for other companies, including iPhones for Apple. Strong demand for smartphones and other consumer gadgets helped its profit surge beyond…
with HT 