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Business 15 May 2019 | 11:38 AM Premium

Alibaba beats estimates as recommendations boost sales

HONG KONG (Bloomberg): Revenue at China’s biggest e-commerce company rose 51% to 93.5 billion yuan (US$13.6bil) in the three months ended in March, above the 91.7 billion-yuan average of analysts’ estimates compiled by Bloomberg. Adjusted earnings-per-share was 8.57 yuan, topping projections for 6.5 yuan.

e-Commerce 09 Feb 2019 | 12:00 AM Premium

MyCC warns MyEG for not paying daily penalty

KUALA LUMPUR: The Malaysia Competition Commission (MyCC) has issued a stern warning to e-government services provider MyEG Services Bhd for non-compliance with the decision of the Competition Appeal Tribunal (CAT) to pay a daily penalty of RM7,500, now totalling RM9.46mil.

Auto 23 May 2018 | 4:41 AM Premium

Perodua sells 75,500 cars within four months

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) sold 75,500 vehicles in the first four months of this year, a 17% year-on-year increase compared with the same period of 2017, capturing an estimated total industry volume market share of 41.6% year-to-date.

Business 05 May 2018 | 12:00 AM Premium

DNeX expects up to RM21mil revenue from sub-contract

KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) expects a sub-contract for the vehicle entry permit system project secured by a 51% owned subsidiary to generate revenue ranging from RM19mil and RM21mil a year.