Slipping AsiaInfo Dials Up Revenue Contraction, Losses - Cisco Systems (NASDAQ:CSCO), AsiaInfo Technologies (OTC:ASNFF)

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Slipping AsiaInfo Dials Up Revenue Contraction, Losses - Cisco Systems (NASDAQ:CSCO), AsiaInfo Technologies (OTC:ASNFF)

Key Takeaways: AsiaInfo said it expects to report its revenue fell between 7% and 13% in the first half of 2024, as it lost between 70 million yuan and 120 million yuan for the period The company is falling victim to China’s slowing economy, combined with a wind-down in 5G spending by the country’s three main wireless carriers By Doug Young We’ve written plenty about how growing consumer caution is taking a toll on China’s retailers, sending m…