Tencent posts better-than-expected 47% profit surge as games, AI tools shine
Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts’ expectations, while revenue missed slightly.
China is catching up with the West on tech, Microsoft president says
According to Microsoft’s web page about its presence in China, the company has operated there since 1992.
CNBC Daily Open: Postelection euphoria takes a breather
Asia markets also tracked the fall in U.S. markets, with South Korea’s Kospi leading losses.
Australia plans to ban social media for under 16s — and experts have called it a ‘momentous step’
One expert says Australia is “on the verge of reclaiming childhood after it had been stolen for 15 years.”
Japan is ramping up efforts to revive its once dominant chip industry
Japan has announced its latest plan to boost the country’s chip and AI industries as it works to regain its leading position in semiconductor technology.
Startup CEO says humans won’t be needed for translation in 3 years as it launches AI app
Unbabel on Wednesday announced an artificial intelligence-powered translation service, adding another rival to a highly competitive space.
SoftBank-backed Swiggy’s shares soar 15% on India market debut after stellar IPO
The company’s IPO, the country’s second-largest this year, was reportedly oversubscribed more than three times.
‘Many dark times’: How this startup founder overcame self-doubt and started a $100-million-a-year business
Jeffrey Tiong, the founder and CEO of Patsnap, a IP and R&D intelligence startup, says an investor once told him he was “not fit to be CEO.”
Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Many market watchers predicted a bearish year ahead for crude.
This SpaceX-competitor’s stock has bounced back postelection and analysts love it
Analysts say the company currently has “superior technology” compared to SpaceX’s Starlink.
