Tag Archives: technology
China’s JD.com posts third-quarter revenue below estimates
(Reuters) - JD.com on Wednesday reported quarterly revenue below estimates, as consumer prices in China continued to slip amid a wobbly economic recovery. The company reported net revenue of 247.7 bil...
Nov 15, 2023
BAIC unit applies for manufacturing approval for Xiaomi-branded EVs
BEIJING (Reuters) - A unit of Beijing-based automaker BAIC Group has applied for manufacturing approval for two Xiaomi-branded electric vehicles (EVs), China's industry ministry website showed on Wedn...
Nov 15, 2023
Baidu CEO warns China’s rush to develop AI models risks wasting resources
BEIJING (Reuters) - The head of one of China's leading AI firms, Baidu, warned on Wednesday that the fervor rushing to develop large language models in China could lead to a waste of resources, saying...
Nov 15, 2023
Tencent posts strong revenue growth as games sales recover
By Josh Ye HONG KONG (Reuters) -China's Tencent Holdings said third-quarter revenue climbed 10%, as its games business staged a robust recovery from a regulatory crackdown on the country's tech sector...
Nov 15, 2023
Exclusive-China’s Bytedance is talking to likely buyers about gaming unit Moonton’s sale-sources
By Josh Ye HONG KONG (Reuters) - TikTok owner ByteDance has been meeting up with potential buyers for a sale of its gaming unit Moonton Technology two years after it acquired the Shanghai-based studio...
Nov 15, 2023
Infineon reports better-than-expected 2023 revenue on semiconductor demand
BERLIN (Reuters) -German chip manufacturer Infineon reported higher-than-expected revenue for its 2023 fiscal year on Wednesday as demand for semiconductors, particularly in the electromobility and re...
Nov 15, 2023
Thailand to receive $8.5 billion worth of investment from AWS, Google, Microsoft
BANGKOK (Reuters) - Thailand will receive 300 billion baht ($8.46 billion) worth of investment from Amazon Web Services, Google and Microsoft, a government spokesperson said on Wednesday. The companie...
Nov 15, 2023
Renault’s EV unit Ampere targets 10 billion euros revenues in 2025
PARIS (Reuters) - French car maker Renault said on Wednesday its electric vehicles unit Ampere, which it plans to list on the market next year, will target 10 billion euros ($10.8 billion) in revenues...
Nov 15, 2023
China self driving firm iMotion aims to launch $100 million Hong Kong IPO this month – sources
By Scott Murdoch and Yantoultra Ngui SYDNEY (Reuters) - Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to la...
Nov 14, 2023
Mexico’s real estate trust Fibra Next eyes $865 million IPO to cash in on nearshoring
MEXICO CITY (Reuters) - Mexican real estate investment trust Fibra Next plans to raise up to 15 billion pesos ($865 million) in its initial public offering, according to a filing with the country's ma...
Nov 14, 2023
