Meituan Posts Third Straight Profit After Chinese Travel Grew
Meituan recorded a third straight quarter of profit, after strong travel demand helped the food delivery giant defy
2023-11-28 17:50
Microsoft, Sony Among AI Winners in Games, Morgan Stanley Says
Game platforms including Microsoft Corp.’s Xbox and Sony Group Corp.’s PlayStation will be “the most clear-cut beneficiaries of
2023-10-23 14:24
Baidu Among First Firms to Win China Approval for AI Models
China will approve the first batch of generative artificial intelligence services for public rollout as soon as this
2023-08-31 00:56
Meituan Records Fastest Growth Since 2021 Despite Weak Economy
Meituan posted its fastest pace of revenue growth since 2021, after dining and travel bounced back from Covid-Zero
2023-08-24 17:21
Luxury Maternity Care Center Saint Bella Weighs Hong Kong IPO in 2024, Sources Say
Saint Bella, a Chinese maternity care company that partners with upscale hotels to provide women with luxurious spaces
2023-08-18 13:49
JD.com’s Sales Beat Estimates Despite Chinese Economy Weakness
JD.com Inc.’s revenue accelerated in the second quarter after its signature 6.18 festival scored with shoppers, helping the
2023-08-16 18:49
Zuckerberg Under Fire in China After Report of Quest Sale Talks
Mark Zuckerberg is in hot water in China — again. An influential social media account affiliated with the
2023-07-05 17:18
Saudi Arabia Is Investing $38 Billion to Become a Video-Game Hub
The Saudi Arabian government is betting $38 billion on the country’s potential to become the next hub for
2023-06-23 17:56
Saudi Arabia Becomes Largest Outside Shareholder of Nintendo
Saudi Arabia’s Public Investment Fund became the largest outside shareholder of Nintendo Co. on Friday, in the latest
2023-06-23 17:21
Meituan’s Revenue Beats Estimates in China Spending Revival
Meituan’s revenue jumped a faster-than-anticipated 27% after a gradually stabilizing Chinese economy drove meal delivery and travel nationwide.
2023-05-25 17:26
TikTok CEO Says Oracle Has Begun Reviewing Its Source Code
ByteDance Ltd.’s TikTok is “on track” with its undertaking to have all US user data hosted and overseen
2023-05-23 19:28
Alibaba to Exit Cloud Business After Beijing Undercuts Potential
Alibaba Group Holding Ltd.’s surprise move to fully spin out a potentially transformative $12 billion cloud business is
2023-05-19 14:26