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Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in an internal new year message seen by Reuters. The figure indicates around 9% year-over-year revenue growth from the 642.3 billion yuan reported in 2022. The forecast offers further evidence that Huawei is rebounding after U.S. sanctions starting in 2019 crippled some of its business lines by restricting access to critical global technologies such as advanced chips. In a surprising move in August, Huawei launched its Mate60 series of smartphones, which are believed to be powered by a domestically developed chipset. The release was widely viewed as marking Huawei's comeback into the high-end smartphone market after years of struggling under US sanctions. Huawei's smartphone shipments surged 83% in October year-on-year, helping the overall Chinese smartphone market to grow 1...

LONDON: Candy Crush Saga, the matching game played by millions on their commute, has reached $20 billion in revenue since its 2012 launch, maker King said, adding that it would soon release levels up to 15,000 for the most dedicated players. First appearing on a website, it shifted to Facebook and then mobile, where it took off and has now been downloaded 5 billion times. It pioneered the "freemium" model, in which the Game is free but players can spend money to boost their performance or can watch ads to gain moves. King President Tjodolf Sommestad said Candy Crush Saga and its other titles like Farm Heroes Saga showed that mobile Game s could have enduring appeal. "We've proven to ourselves and to the industry that it is possible to reignite games that are years old and keep them relevant for a decade or longer, and break records even a decade in," Sommestad said in an interview. Todd Green, Candy Crush general manager, said the game was constantly u...