Alibaba’s Cloud Arm to Cut 7% of Staff in Overhaul, Sources Say
Alibaba Group Holding Ltd.’s cloud division has begun a round of job cuts that could reduce its staff
2023-05-23 18:47
Hong Kong to Step Up Push for Crypto Hub in Contrast With Clampdowns Elsewhere in Asia
Hong Kong is set to announce that retail investors can trade crypto under its new rulebook for the
2023-05-23 11:23
Micron Stock Tumbles as China Says Its Chips Are Security Risk
Micron Technology Inc.’s stock dropped more than 6% after China’s cyberspace regulator said that its products failed to
2023-05-22 16:56
China Tech Megacaps in a Funk Despite Upbeat Sales: Tech Watch
Slowdown fears are weighing on Chinese tech stocks and even upbeat sales figures from the industry’s bellwethers can’t
2023-05-19 22:29
Pokemon Go Creator Niantic Suffers Metaverse Woes
Just a few years ago, tech evangelists were hailing Niantic Inc., the maker of the hit game Pokémon
2023-05-19 20:16
Alibaba to Exit Cloud Business After Beijing Undercuts Potential
Alibaba Group Holding Ltd.’s surprise move to fully spin out a potentially transformative $12 billion cloud business is
2023-05-19 14:23
Alibaba Breakup Begins With Spinoff of $12 Billion Cloud Arm
Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off
2023-05-18 21:49
Meituan Planning Hong Kong Debut as Soon as Monday, Sources Say
Meituan is set to launch a sister app in Hong Kong as soon as Monday, taking the world’s
2023-05-18 18:55
Hua Hong Wins Nod for $2.6 Billion Shanghai Listing
Hua Hong Semiconductor Ltd. has received a green light for its 18 billion yuan ($2.6 billion) second listing
2023-05-18 11:26
India Launches $2 Billion Drive to Woo Laptop Makers Like Apple
India is unveiling a 170 billion rupee ($2 billion) financial incentive plan to draw makers of laptops, tablets
2023-05-17 18:58
Tencent’s Revenue Grows Most in Over a Year After China Reopens
Tencent Holdings Ltd. grew revenue at its fastest pace in more than a year, fueling hopes the world’s
2023-05-17 16:57
China Chip Firm Seeking to Rival ASML Weighs IPO Filing, Sources Say
Dongfang Jingyuan Electron Ltd., a semiconductor software firm, is weighing filing for an initial public offering in China
2023-05-16 15:58