Alibaba Group Holding Ltd
China’s $89 billion e-commerce big JD.com posts slowest quarterly expansion on record
Chinese technological know-how companies including JD.com are dealing with headwinds from China’s Covid lockdowns and subsequent economic affect as very well as the country’s tighter regulatory natural environment for technologies companies. Qilai Shen | Bloomberg | Getty Photos JD.com defeat top and base line expectations in the next quarter, but posted its slowest 12 months-on-yr […]
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Once high-flying Chinese tech giants are now looking to scale back costs
Alibaba has faced progress troubles amid regulatory tightening on China’s domestic know-how sector and a slowdown in the world’s 2nd-biggest financial system. But analysts think the e-commerce giant’s advancement could decide up by the relaxation of 2022. Kuang Da | Jiemian Information | VCG | Getty Photographs Chinese tech giants Alibaba and Tencent normally speak […]
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As gaming sales slump, China’s Tencent signals a hot ad trend it’s betting on
Tencent runs the ubiquitous Chinese messaging app WeChat. The company has a short form video feature with in the app and has began to monetize that through video ads in the feed. Tencent said such ads could become a “substantial” source of revenue in the future. Budrul Chukrut | Sopa Images | Lightrocket | Getty […]
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Stocks making the biggest moves midday: Disney, Poshmark, Vroom and more
Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Check out the companies making headlines in midday trading Monday. Poshmark — Shares of the secondhand fashion retailer jumped 15% after Barclays upgraded them to overweight from equal weight. The firm said it sees more than 40% potential upside for the […]
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Chinese tech giants share details of their prized algorithms with top regulator in unprecedented move
China has introduced rules that aim to govern how technology platforms use recommendation algorithms. It is part of a broader push from Beijing to more closely regulate China’s domestic technology sector. Thomas White | Reuters Chinese technology giants shared details of their prized algorithms with the country’s regulators in an unprecedented move, as Beijing looks […]
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Stocks making the biggest moves premarket: Vroom, Poshmark, Revolve, Green Plains and more
Vroom IPO at the Nasdaq site, June 9, 2020. Source: Nasdaq Check out the companies making headlines before the bell: Poshmark — Shares spiked more than 5% after Barclays upgraded the online fashion retailer to overweight from equal weight. Poshmark will get a boost from the fast-growing second-hand clothing marketplace, especially if consumers trade down […]
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Cramer’s lightning round: Dropbox is a pass
Dropbox Inc: “Nothing ever happens to the stock, and I think that that’s because nothing’s going to happen to the stock. … I’m going to have to say, pass.” 23andMe Holding Co: “The stock has no mojo. That’s a technical term for ‘not going anywhere.’” Source
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Alibaba gets Hong Kong’s approval for a primary stock listing
A filing Monday showed Chinese internet tech giant Alibaba is another step closer to letting mainland Chinese investors trade its shares directly. Kuang Da | Jiemian News | Visual China Group | Getty Images BEIJING — Chinese e-commerce giant Alibaba is making Hong Kong a “primary” listing for its shares, paving the way for mainland […]
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Japanese giant SoftBank dumps its entire stake in Uber as losses mount at its investment unit
SoftBank on Monday disclosed that it sold its remaining stake in U.S. ride-hailing giant Uber as the Japanese conglomerate looks to raise cash amid mounting losses at its investment unit. The move comes after SoftBank’s Vision Fund, its technology investment vehicle, reported a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter, one […]
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Stocks making the biggest moves midday: Coinbase, AMTD Digital, Restaurant Brands, Alibaba and more
A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves in midday trading on Thursday: Coinbase — Shares of the cryptocurrency exchange jumped about 15% after the company announced a partnership with BlackRock, the world’s largest asset manager, that […]
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