China e-commerce giant Alibaba Group reported faster revenue and earnings growth for its most recent quarter in a filing Wednesday, just ahead of its potentially record-setting IPO. Revenue in local currency rose 46% to $2.54 billion for the quarter ended June 30 vs. the same quarter a year earlier, Alibaba said in the Securities and Exchange Commission filing. Net income of $1.99 billion, or 84 cents a share, leapt 182% from a
Seven-inch screen and larger tablets with built-in, cellphone calling capabilities are gaining traction in Asia, says research firm IDC. Android-based tablet makers are shipping more devices with cellular voice capabilities, though it’s unclear how many consumers are actually making calls on those devices, notes a report in TechCrunch. But tablets and phablets could be on a collision course if consumers want a single converged mobile device, and
Chinese Internet earnings have been hot, but not hot enough to satisfy investors in recent weeks. Software security firm Cheetah Mobile (CMCM) on Tuesday reported earnings per share of 8 cents, at least double analyst forecasts. Revenue rose 139% year over year to $61.3 million, beating estimates by $5.5 million. It was the eighth quarter in a row of triple-digit gains. Cheetah Mobile stock sprinted 13% to a new high of 30.37