How India is challenging China as Asia’s tech powerhouse
For years, China has been Asia’s technology powerhouse. It is home to what once were some of the world’s most valuable companies, from Tencent to Alibaba. It is where most…
Sam Altman’s Reddit stake worth over $600 million after NYSE debut
OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015. His Reddit ownership is another matter altogether. Following Reddit’s stock…
(RDDT) starts trading on NYSE
Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in…
China is making it much easier for foreigners to use mobile pay
Scanning QR codes with a mobile pay app has become the most common way to pay in mainland China. Bloomberg | Bloomberg | Getty Images BEIJING — Foreign visitors to…
UK neobank Monzo hits $5 billion valuation after $430 million raise
British digital bank Monzo on Tuesday raised $430 million in fresh capital from investors to help it relaunch its services in the U.S. Monzo raised the money in a new…
AMD reportedly hits U.S. regulatory roadblock for Chain-tailored chip
A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. Dado Ruvic | Reuters American semiconductor company Advanced Micro Devices…
Reddit seeking a valuation of up to $6.5 billion in IPO
In this photo illustration, the Reddit logo is displayed on a cell phone and computer monitor on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Reddit…
IQiyi posts first year of profits, says it’s ‘excited’ about Sora-like AI
A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company…
Baidu’s Ernie AI chatbot to power Samsung’s new Galaxy S24 smartphones
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into…
Tencent’s Riot Games division cuts 11% of staff to ‘create focus’
Ma ”Pony” Huateng, chairman and chief executive officer of Tencent Holdings Ltd., speaks during the Guangdong-Hong Kong-Macao Greater Bay Area Forum in Hong Kong, China, on Tuesday, June 20, 2017.…