Alibaba’s mobile revenue quadruples; COO Zhang named CEO

China’s e-commerce giant Alibaba posted a sharp decline in profit for its fiscal year end 31 March due to a one-off expense, but mobile revenue more than quadrupled as active mobile users jumped 77 per cent. The 48 per cent drop …

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StarHub’s profit falls 2% as revenue growth stalls

Singapore operator StarHub’s net profit fell 2 per cent last year as broadband revenue dropped sharply, mobile revenue was flat and ARPU decreased across most services. The operator’s net profit after tax in 2014 fell to SGD370 million ($272 million), …

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Subsidy law hits LG Uplus, net profit falls 19%

South Korea’s LG Uplus suffered a decline in both net income and revenue last year, as a sharp drop in handset revenue weighed down its overall business. Despite a 53 per cent increase in operating income in Q4, the operator’s …

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