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...TikTok has hit $16bn in sales in the US, where the viral video app that has hooked Gen Z users is at risk of being banned.Three people with knowledge of its finances said the app, owned by Beijing-based...
...Renesas recently bought Apple supplier Dialog for €4.9bn, having also sealed deals for US rival Integrated Device Technology for $7.2bn in 2019 and for US chipmaker Intersil for $3.2bn in 2017....
...Officials have begun following the new PC, laptop and server guidelines this year, after they were unveiled with little fanfare by the finance ministry and the Ministry of Industry and Information Technology...
Familiarity bias can work both ways for investors
...The delistings came after China’s powerful internet regulator and the Ministry of Industry and Information Technology set a deadline of April 1 for apps operating in China to formally register with the government...
...Likewise, the technology can offer personalised financial advice to Credit Karma users and help generate marketing content for customers at MailChimp....
The gaming giant once made as much as 5% of its total sales from Blizzard games
...For example, Yass’s group is the largest outside investor, with a 14 per cent stake, in Beijing Xindun Times Technology, or Trusfort, which provides cyber security solutions to several state-owned groups...
...Renesas bought Apple supplier Dialog for €4.8bn ($5.6bn) in 2021 and splashed out over $10bn on both US rival Integrated Device Technology in 2019 and US chipmaker Intersil in 2017....
...More importantly, Trump Media & Technology Group rose another 14 per cent, right after we wrote that it looked a bit overvalued. Unhedged’s record as a contrarian indicator remains spotless....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
Americans account for 14% of users but their revenue contribution will be higher
...Cook spent Wednesday meeting Apple’s Chinese suppliers, including the head of electric-car maker BYD and executives from Lens Technology and Changying Precision Technology....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...Despite Flutter touting its superior technology, competitors are quick to copy once a new product proves successful, points out Peel Hunt’s Ivor Jones....
...Musk remains convinced that the company’s bet on self-driving technology, which has led to several fatalities, will be its key differentiator in the future....
...These details were included in the S1 listing document that Reddit published on Thursday, allowing investors to prod around in its finances for the first time. Some of the numbers were as expected....
...However, any sale would require China’s approval under export control rules that in effect give it a veto in any deal that would sell Chinese technology to a US buyer....
...The price/earnings (and often price/sales) ratios of these stocks can look high — but not as stretched as those of Big Technology shares in 2000....
...“This tech is nothing new . . . if nanoimprint technology was a superior technology, I think it would have been up and running by now and in the market in volume,” said Richard Windsor, founder of research...
...UBS has hired Sean Lynch as a managing director for technology investment banking in California. He previously worked for Barclays....
...Uber’s potential move to return cash to investors comes after it racked up more than $30bn in operating losses since 2014, the first year for which it disclosed details of its finances....
Warren Buffett-backed company loses some market share to sanctions-hit Chinese telecoms group
...But all that relies heavily on funding and access to advanced technology. The US has already banned investment in some areas of China’s high-tech sectors including AI....
Settlement of app store dispute boosts Kremlin coffers during war in Ukraine
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