SoftBank shares drop after its Vision Fund tech investment unit posts a $32 billion record loss
SoftBank's Vision Fund segment lost a record 4.3 trillion Japanese yen ($32 billion) for its fiscal year ending Mar. 31.
Read More
Alibaba Group Holding Ltd
Morgan Stanley expects an area of tech to boom into a $5 trillion opportunity and names 3 stock picks
Morgan Stanley named three top stock picks in a corner of tech. CNBC Pro takes a look at what it
Read More
Threat of TikTok ban has creators scrambling to build followings on Instagram, YouTube
As U.S. lawmakers threaten a nationwide TikTok ban, creators are worried about what that would mean for their livelihood. Source
Read More
Hong Kong’s IPO market expected to rebound in 2023, but the biggest one so far flopped in its debut
Hong Kong's IPO market is set for a rebound after being among the worst-performing markets in 2022 but a recent
Read More
China’s EV players are starting to compete on driver assist tech
Companies in China are playing up assisted driving technology as a way to compete in the hot electric car market.
Read More
Alibaba shares tumble after SoftBank reportedly sells most of its stake
Alibaba shares dropped nearly 3% after a Financial Times report indicated that SoftBank sold roughly $7.2 billion worth of shares.
Read More
Alibaba to roll out its rival to ChatGPT across all its products
Alibaba Cloud, the cloud computing unit of Chinese tech giant, announced it will be rolling out its own ChatGPT-style product
Read More
China’s recovery is taking longer than expected, so Citi is pushing back its stock rebound forecasts
Earnings from Chinese e-commerce giants JD.com and Alibaba have also indicated that consumers remain conservative about spending. Source link
Read More
Alibaba’s revamp puts renewed focus on Ant Group’s suspended IPO
The latest overhaul in Alibaba's business announced overnight could be seen as calls for renewed interest for the $34.5 billion
Read More