Zheping

Baidu reports Q4 revenue down 1% YoY to ~$4.8B, beating estimates, net income up 189% YoY to ~$718M, iQiyi revenue up 3% YoY to ~$1.1B, and a $5B share buyback (Zheping Huang/Bloomberg)

February 22, 2023

[ad_1] Zheping Huang / Bloomberg: Baidu reports Q4 revenue down 1% YoY to ~$4.8B, beating estimates, net income up 189%…

Baidu's stock rises 13%+ after the company announced that it plans to release ChatGPT-like service "Wenxin Yiyan", or "Ernie Bot" in English, in March 2023 (Zheping Huang/Bloomberg)

February 7, 2023

[ad_1] Zheping Huang / Bloomberg: Baidu’s stock rises 13%+ after the company announced that it plans to release ChatGPT-like service…

Baidu reports Q3 revenue up 2% YoY to ~$4.6B, beating estimates, and a ~$20.5M net loss due to investments, signaling China's tech sector might be recovering (Zheping Huang/Bloomberg)

November 22, 2022

[ad_1] Zheping Huang / Bloomberg: Baidu reports Q3 revenue up 2% YoY to ~$4.6B, beating estimates, and a ~$20.5M net…

Kuaishou reports Q3 revenue up 12.9% YoY to ~$3.2B, beating estimates, and a ~$378M net loss, holding its own against ByteDance and China's slowing economy (Zheping Huang/Bloomberg)

November 22, 2022

[ad_1] Zheping Huang / Bloomberg: Kuaishou reports Q3 revenue up 12.9% YoY to ~$3.2B, beating estimates, and a ~$378M net…

Baidu reports Q2 revenue dropped 5% YoY to ~$4.3B but net income reached ~$543M, beating estimates despite faltering Chinese consumer demand amid lockdowns (Zheping Huang/Bloomberg)

August 30, 2022

[ad_1] Zheping Huang / Bloomberg: Baidu reports Q2 revenue dropped 5% YoY to ~$4.3B but net income reached ~$543M, beating…

Despite China's private sector crackdown in 2021, two unidentified Tencent executives still earned ~$200M each; Tencent's shares dropped 19% in 2021 (Zheping Huang/Bloomberg)

April 8, 2022

[ad_1] Zheping Huang / Bloomberg: Despite China’s private sector crackdown in 2021, two unidentified Tencent executives still earned ~$200M each;…

China will begin on-site inspections of large internet platforms to assess potential abuse of their algorithms, likely including Tencent and ByteDance (Zheping Huang/Bloomberg)

April 8, 2022

[ad_1] Zheping Huang / Bloomberg: China will begin on-site inspections of large internet platforms to assess potential abuse of their…

Tencent will shutter its game streaming service Penguin Esports on June 7, after China blocked a Tencent-led merger between Huya and DouYu (Zheping Huang/Bloomberg)

April 7, 2022

[ad_1] Zheping Huang / Bloomberg: Tencent will shutter its game streaming service Penguin Esports on June 7, after China blocked…

Kuaishou reports Q4 revenue of $3.8B, up 35% YoY, with a ~$1B net loss, and MAUs up 21.5% YoY to 578M, as daily time spent per user rose 32% to 118.9 minutes (Zheping Huang/Bloomberg)

March 29, 2022

[ad_1] Zheping Huang / Bloomberg: Kuaishou reports Q4 revenue of $3.8B, up 35% YoY, with a ~$1B net loss, and…