A week in China tech
Telecommunications
- UTStarcom earnings surge in the fourth quarter on strong orders from the mainland's fixed-line giants. The company is a key supplier of wireless local loop network equipment to China. Turnover for the quarter to December 31 climbed 52.7% year on year to $301.7 million. Its strong earnings results have benefited from deployment of services by China Telecommunications and China Netcom.
Internet
- Sina.com posts a second-quarter profit of $1.5 million, its first ever. Sina is the last of China's three Internet companies to reach profitability according to U.S. GAAP. Like the other two firms, Sohu.com Inc. and Netease.com...
