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Alibaba revenue growth improves to 51% in Q4, outlook cautious for new year
2019-05-15 17:00:00| Telecompaper Headlines
(Telecompaper) Alibaba's growth accelerated in the company's fiscal fourth quarter to March, showing little impact from the slowing Chinese economy. Sales were up 51 percent year-on-year to CNY 93.5 billion (USD 13.9 billion). Its core e-commerce business grew 54 percent to CNY 78.9 billion, while cloud computing was up 76 percent to CNY 7.7 billion. The net profit more than tripled, to CNY 23.4 billion from CNY 6.6 billion, thanks to valuation gains on investments.
Payday loan complaints reach five year high
2019-05-15 01:00:32| BBC News | Business | UK Edition
The behaviour of some loan firms is deemed 'unacceptable' by the watchdog, the Financial Ombudsman Service.
SPE names Thomas Haglin as Thermoformer of the Year
2019-05-13 17:02:17| Canadian Plastics Headlines
Haglin is CEO and owner of Baxter, Minn.-based diversified thermoformer Lindar Corp., and also the owner and CEO of tooling supplier Avantech. The post SPE names Thomas Haglin as Thermoformer of the Year appeared first on Canadian Plastics.
37 and counting: Nokia ramps up its preparations for a year of 5G rollouts
2019-05-08 02:00:00| Total Telecom industry news
With the launch of 5G in South Korea last month, the age of 5G is finally upon us. As the rest of the world looks to follow South Korea's lead, operators around the globe are going into 5G overdrive in a bid to rollout their next generation mobile networks. While some of the chasing pack have criticised South Korea for using some pre-standardised technological components in its 5G launch, Nokia says that Korea has acted as a useful "proving ground" for network equipment providers to put their 5G kit through its paces. Made in Korea "In Korea, we have to remember that its early market conditions, so it's kind of like the proving ground for everyone to make sure that the specifications work in anger, that the hardware works in the real world and not just in the test lab, and that it all comes together at scale," said Twist. The Finnish tech giant was involved with all three of South Korea's network operators during their simultaneous 5G launch on the 3rd of April…read more on TotalTele.com »
YouTuber Austin Jones gets 10 year prison sentence
2019-05-06 12:34:59| BBC News | Business | UK Edition
The musician had pleaded guilty to enticing underage girls to send him explicit videos and photos.
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