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Alibaba Group Holding Ltd

SoftBank shares extend their surge, pop more than 15% on earnings beat

by Ev Richard
SoftBank shares extend their surge, pop more than 15% on earnings beat

SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, …

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Categories Technology

Banking fears stir once again

by Adrian Jhonsan
Banking fears stir once again

A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | Reuters T his report is from …

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Categories World

China’s VC playbook is changing as U.S. IPO exits get tougher

by Adrian Jhonsan
China’s VC playbook is changing as U.S. IPO exits get tougher

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — …

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Categories World

Banking troubles again roil markets

by Adrian Jhonsan
Banking troubles again roil markets

The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images This report is from today’s CNBC …

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Categories World

China’s central bank encourages local businesses to accept foreign payment cards

by Adrian Jhonsan
China’s central bank encourages local businesses to accept foreign payment cards

A coffee shop at Beijing Capital Airport shows customers can use Visa, Mastercard, the digital Chinese yuan and other payment methods. CNBC | Evelyn Cheng BEIJING — China is encouraging …

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Categories World

SoftBank nets $16 billion on Arm earnings, exceeding losses in WeWork

by Ev Richard
SoftBank nets  billion on Arm earnings, exceeding losses in WeWork

Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank, which owns Arm, speaks during a news conference in Tokyo, July 28, 2016. Tomohiro Ohsumi | Bloomberg | Getty Images …

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Categories Technology

Alibaba (BABA) Q3 2023 earnings report for December quarter

by Adrian Jhonsan
Alibaba (BABA) Q3 2023 earnings report for December quarter

Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Alibaba missed market expectations for revenue in the December quarter, but …

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Categories World

Meta’s continued rally could hinge on fortunes of Temu and Shein

by Ev Richard
Meta’s continued rally could hinge on fortunes of Temu and Shein

Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016.  Shu …

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Categories Technology

Alibaba-backed Xreal claims it’s an AR glasses unicorn

by Ev Richard
Alibaba-backed Xreal claims it’s an AR glasses unicorn

Xreal Air 2 in action. Xreal’s augmented reality glasses is compatible with gaming consoles and can allow users to play games on a large virtual screen Xreal BEIJING — Alibaba-backed …

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Categories Technology

Baidu’s Ernie AI chatbot to power Samsung’s new Galaxy S24 smartphones

by Ev Richard
Baidu’s Ernie AI chatbot to power Samsung’s new Galaxy S24 smartphones

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into …

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Categories Technology
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