Shailendra Singh. Lionel Ng | Bloomberg | Getty Images China will remain an important market for investors in the long term, even if other countries are now benefiting from investments flowing out of China amid escalating tensions with the U.S., according to Peak XV Partners, formerly Sequoia Capital India and Southeast Asia. “The China Plus … Read more
Alibaba posted a beat on revenue in its fiscal fourth quarter ended March, even as the Chinese e-commerce giant’s net profit plunged sharply. Here’s how Alibaba did in the March quarter versus LSEG consensus estimates: Revenue: 221.9 billion Chinese yuan ($30.7 billion) versus 219.66 billion yuan expected. Net income attributable to ordinary shareholders came in … Read more
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, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted a 7.24 billion Japanese yen ($4.6 billion) gain on its … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s market action, telling them to pay attention to a number of earnings reports, including Home Depot, Alibaba and Walmart. He also suggested remarks from Federal Reserve officials will continue to shape the market, saying investors should tune in on Monday to commentary from Loretta Mester, … Read more
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Alibaba Cloud said on Thursday it released the latest version of its large language model after more than 90,000 deployments by companies. Jingren Zhou, chief technology officer of Alibaba Cloud, said … Read more
Photo of a person making a mobile payment. Ant International Chinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world. “What we found is that people want to use their home e-wallets when they travel abroad. So … Read more
A logo of SenseTime is seen during 2021 China Content Broadcasting Network Exhibition at China International Exhibition Center on May 29, 2021 in Beijing, China. Visual China Group | Getty Images Shares of SenseTime Group surged more than 30% on Wednesday, after the Chinese AI giant announced its latest generative artificial intelligence model, called SenseNova … Read more
Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba then announced a huge reorganization of its business. Experts see the move as a signal that the Chinese government is softening its stance toward tech giants after a crackdown that began in late 2020. Jean Chung … Read more
Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco, April 9, 2019. Michael Short | Bloomberg | Getty Images Google is trying to make cloud computing more affordable with a custom-built Arm-based server chip. At its Cloud Next conference in Las Vegas on Monday, the company said the new … Read more
For years, China has been Asia’s technology powerhouse. It is home to what once were some of the world’s most valuable companies, from Tencent to Alibaba. It is where most of the world’s iPhones and other electronics products are produced. And it is now a serious player in electric vehicles. But a shift appears to … Read more
