China Tech

SoftBank to trim Alibaba stake to 14.6%, poised to book $34B gain (techcrunch.com)
2022-8-10 Alibaba

After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter (www.wsj.com)
2022-8-10 Alibaba

Indonesian digital wallet maker Dana raised $250M from local conglomerate Sinar Mas and Alibaba's Lazada Group and says it processes 10M transactions/day (www.bloomberg.com)
2022-8-10 Alibaba Indonesia

Xiaomi Mix Fold 2 to launch on August 11, could take on Samsung Galaxy Z Fold 4 (indianexpress.com)
2022-8-10 Samsung Xiaomi

Unity announces it has struck a deal to create Unity China, a joint venture valued at $1B, with partners including Alibaba, China Mobile, Oppo, and Douyin Group (www.reuters.com)
2022-8-10 China Mobile Alibaba OPPO

In the second-hand smartphone market, Xiaomi and Apple command a strong brand pull: Cashify (indianexpress.com)
2022-8-9 Apple Xiaomi

Filing: Alibaba reduced its workforce by 9,241 employees in the three months to June, for just over 245,000 total, after letting 4,375 go in January-March 2022 (www.bloomberg.com)
2022-8-9 Alibaba

Xiaomi Smart Air Fryer review: A ‘smarter' way to ‘fry' those chips (indianexpress.com)
2022-8-9 Xiaomi

Xiaomi sees shipments decline, Samsung drops in rankings: IDC on India smartphone market (indianexpress.com)
2022-8-8 India Samsung Xiaomi

Amazon Great Freedom Festival sale: Discounts on 5G phones from OnePlus, Xiaomi and Samsung (indianexpress.com)
2022-8-8 Amazon Samsung Xiaomi 5G

Amazon Great Freedom Festival sale: Top discounts on 5G phones from OnePlus, Xiaomi and Samsung (indianexpress.com)
2022-8-8 Amazon Samsung Xiaomi 5G

Xiaomi Independence Day and Rakhi sale: Xiaomi 12 Pro at Rs 49,999 and other offers (indianexpress.com)
2022-8-6 Xiaomi

Tencent seeks bigger stake in ‘Assassin's Creed' maker Ubisoft (indianexpress.com)
2022-8-5 Tencent

Sources: Tencent plans to raise its stake in Ubisoft to become its single largest shareholder, after buying a 5% stake in 2018; Ubisoft's stock price jumps 10%+ (www.reuters.com)
2022-8-5 Tencent

Tencent Seeks Bigger Stake in 'Assassin's Creed' Maker Ubisoft (games.slashdot.org)
2022-8-5 Tencent

ALIBABA RESPONDS TO ITS ADDITION TO SEC'S LIST OF COMPANIES FACING DELISTING THREAT (readwrite.com)
2022-8-4 Alibaba

Alibaba beats with Q1 revenue flat YoY to $30.68B, as Cloud revenue rose 10% YoY to $2.6B, and $3.3B net income; NYSE-listed stock rises 5%+ (www.cnbc.com)
2022-8-4 Alibaba

SoftBank raised $22B in cash from deals that would sharply reduce its stake in Alibaba in the future; SoftBank holds a 23.9% stake in Alibaba as of mid-July (t.co)
2022-8-4 Alibaba

Salesforce shutters Hong Kong office, leans on Alibaba in China (techcrunch.com)
2022-8-4 China Hong Kong Alibaba Salesforce

Logitech and Tencent working on cloud-based handheld console (indianexpress.com)
2022-8-3 Tencent

US Authorities Threaten Alibaba With NYSE Delisting (yro.slashdot.org)
2022-8-2 Alibaba

Lenovo Smart Clock Essential with Alexa review: not essential at all (www.theverge.com)
2022-7-31 Lenovo

SEC adds Alibaba to a list of Chinese companies facing delisting in three years if they fail to comply with US auditing standards; Alibaba stock is down 9%+ (www.bloomberg.com)
2022-7-30 China Alibaba

Sources: Ashraf Ismail, who was fired by Ubisoft amid misconduct allegations in 2020, was hired by Tencent in 2021 to work on a game at its TiMi Studio Group (www.axios.com)
2022-7-29 Tencent

Sources: Jack Ma plans to relinquish control of Alibaba's Ant Group, potentially pushing back Ant's IPO for a year or more; regulators approve of the change (www.wsj.com)
2022-7-28 IPO Jack Ma Alibaba

Xiaomi 12S Ultra field test: an occasionally incredible camera (www.theverge.com)
2022-7-27 Xiaomi

Alibaba's annual report shows the company has removed all Ant Group executives from its partnership and says only its own staff will be able to become partners (www.bloomberg.com)
2022-7-26 Alibaba

Sources: Alibaba's US B2B arm, which has been hit by staff departures in its NY office, has slashed its target of signing up 1M SMBs to just 2,000 each year (on.ft.com)
2022-7-26 Alibaba

Alibaba plans to apply for a primary Hong Kong listing while keeping its NYSE listing, taking advantage of a rule change to attract Chinese tech firms (www.reuters.com)
2022-7-26 China Hong Kong Alibaba

I bought a cheap electric pickup truck from Alibaba. Here's what showed up (electrek.co)
2022-7-26 Alibaba

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