China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
China's e-commerce giant Alibaba is reportedly scaling back its metaverse ambitions amid the rapid growth of AI. According to the… Read More
alibaba
Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure
Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced… Read More
Hacker Offers to Sell Data of 48.5 Million Users of Shanghai’s COVID App
A hacker claims to have obtained the personal information of 48.5 million users of a COVID health mobile app run… Read More
Tencent Posts Slowest-Ever Sale Rise in Q4, Regulation Impact Set to Ease
Revenue at Chinese social media and gaming giant Tencent grew just 8% in the fourth quarter, the slowest pace since… Read More
Tencent Opposes US Fake Goods Label for WeChat
Chinese tech giant Tencent said Friday it strongly disagreed with a US decision to add its WeChat app to a… Read More
Ant Group’s Consumer Finance Unit to Boost Its Capital to $4.7 Billion
The consumer finance unit of China's Ant Group will boost the company's capital to CNY 30 billion (roughly Rs. 35,377… Read More
Singles’ Day: Chinese Shoppers Spend $139 Billion During Festivities
Chinese shoppers spent $139.1 billion during this year's annual Singles' Day shopping extravaganza, breaking last year's record even though spending… Read More
Jack Ma Touring Dutch Institutes to Pursue Agtech Interest: Report
Alibaba Group founder Jack Ma has been touring Dutch research institutions to pursue his interests in agriculture technology, Hong Kong… Read More
Paytm Said to Have Secured SEBI’s Approval for India’s Biggest IPO
Digital financial services firm Paytm has received market regulator SEBI's approval for its Rs 16,600 crores initial public offer, a… Read More
Alibaba Unveils Custom ARM-Based Server Chip for Cloud Data Centres
Chinese tech giant Alibaba said on Tuesday it has developed a processor that will be used to power servers in… Read More