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Hong Kong-based RedotPay, a fintech focused on stablecoin-based payments, raised a $107M Series B led by Goodwater Capital, bringing its total raised to ~$200M (Yogita Khatri/The Block)

Yogita Khatri / The Block : Hong Kong-based RedotPay, a fintech focused on stablecoin-based payments, raised a $107M Series B led by Good...

31 October 2024

Huawei reports Q3 revenue up 15.6% YoY to ~$23.7B and net profit down 70.5% YoY to ~$1.1B, a sign that the company may be struggling with its chipmaking yield (Bloomberg)

Bloomberg:
Huawei reports Q3 revenue up 15.6% YoY to ~$23.7B and net profit down 70.5% YoY to ~$1.1B, a sign that the company may be struggling with its chipmaking yield  —  - The firm's phone shipments grew 42% in the past quarter  — China has asked local firms to use AI chips from Huawei

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