SoftBank Reports $23 Billion Loss as Tech Investments Plummet

SoftBank reports largest-ever quarterly loss, $23.4 billion, driven by poor performance of its flagship tech investments and a weak yen. The losses are the biggest in decades for the company’s...

SoftBank Reports $23 Billion Loss as Tech Investments Plummet

SoftBank reports largest-ever quarterly loss, $23.4 billion, driven by poor performance of its flagship tech investments and a weak yen. The losses are the biggest in decades for the company’s...

Baidu To Offer Robo Taxis In More Cities, Alibaba Prepares For Southbound Connect Eligibility

Asian equity markets were largely higher on light summer volumes as Pakistan was closed for Ashura, an important Islamic holiday that occurs on the tenth day of Muharram, the first month in the...

I must humbly and honestly acknowledge that things are really bad’

SoftBank Group posts a $23.4 billion loss in the April-June quarter. The value of its investments sank amid global worries about inflation and interest rates. For the fiscal year that ended in...

Japan tech giant SoftBank posts $23 billion quarterly loss

TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest...

Explainer-What to watch out for as talks on U.S.-China audit deal drag on

By Xie Yu HONG KONG - The list of Chinese companies facing delisting risks in New York in a long-running dispute over Chinese audits of their accounts continues to expand with the addition of...

Explainer-What to watch out for as talks on U.S.-China audit deal drag on

The list of Chinese companies facing delisting risks in New York in a long-running dispute over Chinese audits of their accounts continues to expand with the addition of three more on Friday after...

Alibaba Shows How Tough It Is to Kick a Habit

Alibaba Shows How Tough It Is to Kick a Habit  Bloomberg

Alibaba Shows How Tough It Is to Kick a Habit

Attempts to diversify away from e-commerce are so far failing, and there’s no indication they’ll bear fruit anytime soon.

Jack Ma’s downfall is a symptom of Xi Jinping’s communist economy

Jack Ma became a recognisable leadership figure in China. He criticised China’s regulatory system, a move perceived as an assault on the Chinese state. “Without risk, no innovation can happen in...

5 Best Chinese Stocks To Buy And Watch

China is the world's most-populous nation and the second-largest economy. Dozens of Chinese stocks are often among the top performers at any given time. Among the best are Nio, Baidu, Li Auto,...

Alibaba Has 1 Monster Hidden Asset

Alibaba was set to IPO its stake in Ant Group in 2020 at a massive valuation. The company may be rekindling the IPO.

Alibaba earnings highlight ‘attractive turnaround story,’ though stock gives back gains

Alibaba Group Holding Ltd.’s shares looked to be giving back their post-earnings gains in Friday trading. The company reported essentially flat revenue growth for its June quarter on Thursday...

Alibaba earnings highlight 'attractive turnaround story,' though stock gives back gains

Alibaba Group Holding Ltd.’s shares looked to be giving back their post-earnings gains in Friday trading. The company reported essentially flat revenue growth for its June quarter on Thursday...

The Ratings Game: Alibaba earnings highlight ‘attractive turnaround story,’ though stock gives back gains

Alibaba Group Holding Ltd.'s shares looked to be giving back their post-earnings gains in Friday trading, but analysts generally had praise for the Chinese e-commerce giant's latest results.

Futures Flat Ahead Of Much-Anticipated Jobs Report

Futures Flat Ahead Of Much-Anticipated Jobs Report Markets are muted this morning with US equity futures paring back modest gains, ahead of the much-anticipated US jobs report later...

Alibaba Sales Better Than Feared Despite Economic Turmoil

Alibaba Group Holding Ltd. posts better results than many investors feared. Revenue shrank for the first time on record in the June quarter. Its shares slid about 2% in Hong Kong, shedding part of...

Alibaba Posts Fiscal Q1 2022 Earnings, Shares Rise 2%

Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background...

DecentWorld: The Metaverse Is More Than Just a Buzzword

The metaverse has been gaining an increasing level of global attention from individuals and companies alike, to the point that it can no longer be considered a surprise. From concerts and...

Asia markets trade higher; RBI rate decision, U.S. jobs report ahead

Taiwan's Taiex jumped 2.03%, with chipmaker TSMC rising 3%. Japan Defense Minister Nobuo Kishi said Chinese missiles landed in Japan's exclusive economic zone. Reserve Bank of India announced that...

Alibaba Sales Better Than Feared Despite Economic Turmoil

Alibaba Group Holding Ltd. posts better results than many investors feared. Revenue shrank for the first time on record in the June quarter. Its shares slid about 2% in Hong Kong, shedding part of...

Asian Stocks Extend Recovery Ahead of U.S. Payrolls Data

By Ambar Warrick Investing.com-- Most Asian stocks logged strong gains on Friday, recovering some of their losses from earlier in the week as focus turned to upcoming U.S. payrolls data for more...

Alibaba revenue beats expectations despite contraction

Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter ended June, even as revenue was nearly flat and the company grapples with increased...

Vision Fund slide points to more pain for SoftBank's Son

By Sam Nussey TOKYO - Sliding valuations in the listed portfolio of SoftBank Group Corp's Vision Fund unit point to more pain for CEO Masayoshi Son when the group reports April-June earnings on...

Asia markets trade higher; RBI rate decision, U.S. jobs report ahead

Taiwan's Taiex jumped 2.03%, with chipmaker TSMC rising 3%. Japan Defense Minister Nobuo Kishi said Chinese missiles landed in Japan's exclusive economic zone. Reserve Bank of India announced that...

Stocks making the biggest moves midday: Coinbase, AMTD Digital, Restaurant Brands, Alibaba and more

Coinbase announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin. Yeti shares fell roughly 17% after the vacuum-insulated drinkware maker reported earnings...

Stocks making the biggest moves midday: Coinbase, AMTD Digital, Restaurant Brands, Alibaba and more

Coinbase announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin. Yeti shares fell roughly 17% after the vacuum-insulated drinkware maker reported earnings...

Why Shares of Alibaba, JD.com, and Yatsen Are Rising Today

Alibaba reported earnings for the quarter ending June 30.

Alibaba shares pop as revenue beats expectations

Alibaba posts flat revenue growth for the first time since becoming a public company. Shares of the Chinese tech and e-commerce giant jumped more than 6% in premarket trading in New York on...

Shares in Brazil's Embraer rise as it reaffirms 2022 forecasts

By Gabriel Araujo SAO PAULO -Brazilian planemaker Embraer SA (NYSE:ERJ) on Thursday stuck with its financial and delivery outlooks for 2022, driving its shares higher as it reported a...

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