Meituan reports Q4 revenue up 23% YoY to ~$10.2B and a net income of ~$308.4M, both above estimates, as the food delivery giant plans international expansion (Jane Zhang/Bloomberg) Read more
Tencent reports Q4 revenue up 7% YoY to ~$21.6B, vs. ~$21.8B est., a ~$3.8B net income, vs. ~$4.6B est., and plans a $12.8B+ stock buyback, as gaming sales slow (Zheping Huang/Bloomberg) Read more
JD reports Q4 revenue up 3.6% YoY to ~$42.6B, beating ~$41.7B est., after offering discounts and launches a $3B three-year stock buyback program; JD jumps 8% (Jane Zhang/Bloomberg) Read more
Canalys Q4 2023 smartphone chip shipments: MediaTek rose 21% YoY to 117M, Apple rose 7% YoY to 78M, Qualcomm rose 1% YoY to 69M; Samsung dropped 48% YoY to 13M (Ben Schoon/9to5Google) Read more
Sources: ByteDance reports Q3 revenue up 43% YoY to $30.9B, $84.4B in January to September 2023 revenue, above 2022's $85.2B, and starts staff share buybacks (Wall Street Journal) Read more
Baidu reports Q4 revenue up 6% YoY to ~$4.9B and net income down 48% YoY to ~$366M, as chatbot Ernie, which has 100M+ users, began to augment its ads business (Zheping Huang/Bloomberg) Read more
Klarna reports 2023 revenue up 22% YoY to ~$2.28B, a $241M net loss, down from $1.01B in 2022, with credit losses falling by 32% in 2023 to $369M (Financial Times) Read more