Xiaomi Technology Co Ltd

Japan's Sharp sees third loss in four years as smartphone display sales sag

Japanese electronics supplier Sharp Corp warned it will slip into its third annual net loss in four years as fierce pricing competition saps sales of smartphone displays, the business line it had been counting on for growth.

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Alibaba Singles' Day sales hit new record as surge past $6 billion

Alibaba Group Holding Ltd (BABA.N) said more than $6 billion of goods have been sold so far during its annual Singles' Day online shopping frenzy, as customers jumped on heavily discounted goods to send sales surging past 2013's record high.

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