Worried about Alibaba’s impact on public opinion, Beijing wants the company to sell some of its media assets. The Alibaba Group is in talks with a Chinese state conglomerate for a possible sale of its Weibo shares. Anonymous sources told Bloomberg that the e-commerce giant is exploring the possibility of...
Holding Alibaba Group, which, in particular, owns such well-known marketplaces as AliExpress and Taobao, published a report for the quarter ended June 30. The Chinese e-commerce giant is seeing strong year-over-year growth. It is driven by an increase in the number of active shoppers attending Alibaba Group’s retail sites over...
Various media outlets record the global sale of video cards by miners in China. Some are in such a hurry to get rid of the equipment that they do not even disassemble the farms – they sell them entirely. The enthusiasm of miners in China has greatly diminished after the...
The consulting company Kantar has published the next edition of the ranking of the world’s most expensive brands. The top line in it is occupied by the Amazon company, founded in 1994. The value of this brand is estimated at $ 684 billion. In second place is Apple ($ 612...
In the first quarter of this year, spending on cloud infrastructure services in China increased by 55% over the same period last year. In absolute terms, they reached $ 6.0 billion. Such data are provided by the analytical company Canalys. Growth in cloud infrastructure services in China continued to outpace...
The Chinese e-commerce giant Alibaba Group ended its next fiscal year on March 31. Today the company’s website has published a report for the last quarter of the year and for the year as a whole. The company’s revenue for the quarter was $ 28.602 billion. This indicator in annual...
Nearly half of smart speakers and smart displays sold worldwide in 2020 contain a processor developed by MediaTek. This is the conclusion reached by analysts at Strategy Analytics, who estimated that 151 million devices of this category were shipped over the year. Over the past two years, MediaTek has more...
China’s regulator yesterday decided to fine Alibaba Group $ 2.77 billion. According to regulators, the internet giant violated the country’s antitrust laws by urging customers and suppliers not to trade with its competitors. The fine is the largest antitrust fine in Chinese history. It is three times larger than the...
The Trump administration has stalled plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu. Four people familiar with the matter told Reuters about it. On the other hand, Washington plans to blacklist nine more Chinese companies this week. These are the latest attempts by Donald Trump, whose presidency is...
The Trump administration is considering adding Chinese tech giants Alibaba and Tencent to a blacklist of firms where US investment is prohibited. This was reported to Reuters by two informants familiar with the matter. Note that Alibaba and Tencent are the two most expensive Asian companies. By hitting them, President...
