Alibaba Group Chairman, Joe Tsai joins CNBC’s David Faber on stage to discuss the strategy behind the company’s wide-ranging portfolio at the Converge Live event in Singapore.
Alibaba’s Joe Tsai on investing in sports, the future of AI and the Chinese economy
World
Why private equity is stuck with ‘zombie companies’ it can’t sell
Private equity firms are facing a new reality: a growing crop of companies that can neither thrive nor die, lingering in portfolios like the undead. These so-called “zombie companies” refer to businesses that aren’t growing, barely generate enough cash to service debt and are unable to attract buyers even at a discount. They are usually trapped […]
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World
Nvidia supplier Foxconn third-quarter profit beats expectations, rising 17% on AI demand
Foxconn Chairman Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023. I-hwa Cheng | AFP | Getty Images Foxconn, the world’s largest contract electronics maker, said Wednesday that its third-quarter profit jumped 17% from a year earlier, driven by growth in its artificial intelligence server business. Here’s […]
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World
European markets set to open broadly higher as positive momentum continues
European stocks are seen opening broadly higher on Wednesday, maintaining positive momentum seen earlier this week. Source
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