Articles from www.bloomberg.com

Articles from www.bloomberg.com

Meituan reports Q3 revenue up 2% to $13.4B and a $2.3B adjusted net loss, worse than $1.9B est., its first loss since 2022, amid a price war with JD and Alibaba (www.bloomberg.com)
2025-11-28 Alibaba

Nexperia warns customers face impending production halts and urges its Chinese unit to reengage, says it hadn't got “any meaningful response” despite outreach (www.bloomberg.com)
2025-11-28 China

China's top economic planning agency warns about the risk of a bubble forming in the booming humanoid robotics industry; 150+ manufacturers operate in China (www.bloomberg.com)
2025-11-28 China Robot

How Motorola, which spun out its struggling smartphone business in 2011, successfully refocused on critical communication equipment, giving it a $60B market cap (www.bloomberg.com)
2025-11-28

Germany-based Quantum Systems, which sells surveillance drones that are being used by Ukraine, raised €180M, tripling its valuation to €3B since May (www.bloomberg.com)
2025-11-28 Germany Drone Ukraine Quantum

Reliance, Brookfield, and Digital Realty's joint venture Digital Connexion plans to invest $11B by 2030 to build a 1 GW data center in India's Visakhapatnam (www.bloomberg.com)
2025-11-28 India

Taiwanese prosecutors search Intel exec Lo Wen-jen's homes days after TSMC alleged he leaked sensitive info, suggesting the government is deepening its probe (www.bloomberg.com)
2025-11-27 Taiwan Intel

Alibaba starts selling Quark S1, its first smart glasses powered by its Qwen AI models, for ~$537 in China, and plans to release international versions in 2026 (www.bloomberg.com)
2025-11-27 China Alibaba AI

South Korean crypto exchange Upbit suspended deposits and withdrawals after saying $37M worth of Solana tokens were moved to an unauthorized external wallet (www.bloomberg.com)
2025-11-27 Korea

Dell, HP, and other tech companies are warning of potential memory-chip supply shortages in the coming year due to demand from the buildout of AI infrastructure (www.bloomberg.com)
2025-11-27 AI

S&P downgrades the ability of Tether's USDT to maintain its peg to the US dollar to “weak”, the lowest rating, citing exposure to high-risk assets such as BTC (www.bloomberg.com)
2025-11-27 Asset

In an October 7 letter, the Pentagon informed lawmakers that Alibaba, Baidu, and BYD should be added to a list of companies that aid the Chinese military (www.bloomberg.com)
2025-11-27 China Alibaba Pentagon

The EU says its regulators asked Shein for documents on measures to prevent the exposure of minors to inappropriate content and the circulation of illegal items (www.bloomberg.com)
2025-11-27

Sources: ByteDance is in talks to sell game studio Moonton, which it acquired for ~$4B in 2021, to Saudi Arabia-based Savvy Games; Moonton makes Mobile Legends (www.bloomberg.com)
2025-11-27 Mobile Arabia Saudi Arabia

A profile of Chen Tao, founder of Chinese AI circuit board company Victory Giant, which is up 530%+ in 2025 so far, giving Chen and his wife a $9.1B net worth (www.bloomberg.com)
2025-11-26 China AI

Naver agrees to acquire Dunamu, which runs South Korea's biggest crypto exchange Upbit, in a $10.3B all-stock deal; Upbit has 80%+ market share in South Korea (www.bloomberg.com)
2025-11-26 Korea

Counterpoint: Apple is set to overtake Samsung as the world's largest smartphone maker for the first time since 2011, lifted by the success of iPhone 17 models (www.bloomberg.com)
2025-11-26 iPhone Samsung Apple

Japanese memory chipmaker Kioxia's stock falls 14%+ after a Bain Capital-backed entity sold $2.1B worth of shares at a discount, stoking AI valuation concerns (www.bloomberg.com)
2025-11-26 Japan AI

Some food bloggers warn Google's AI Overviews and AI food pics are burying their real, tested recipes, setting home cooks up for disaster this Thanksgiving (www.bloomberg.com)
2025-11-26 Google AI

Pony AI's Hong Kong-listed shares rose 6.7% after it said its Guangzhou operations had broken even per car, as it targets a 3,000+ global robotaxi fleet in 2026 (www.bloomberg.com)
2025-11-26 Hong Kong AI

HP reports Q4 revenue up 4% YoY to $14.6B, forecasts FY 2026 profit below est., and plans to cut 4,000-6,000 jobs through FY 2028; HPQ drops 5%+ after hours (www.bloomberg.com)
2025-11-26 4Q

A US judge rules Kalshi's sports-betting contracts are subject to Nevada Gaming Commission enforcement; Kalshi argues they should be regulated only by the CFTC (www.bloomberg.com)
2025-11-26 CFTC

TikTok Shop expands into luxury retail, offering items such as Hermes' $11,000 handbags, primarily sold by secondhand resellers using AI to verify authenticity (www.bloomberg.com)
2025-11-26 Retail AI

TSMC files a trade secret lawsuit against Intel executive Lo Wen-jen, alleging a high likelihood he leaked secrets after a two-decade career at TSMC (www.bloomberg.com)
2025-11-25 Intel Career

Alibaba reports Q2 revenue up 5% YoY to ~$35B, vs. ~$34.5B est., Chinese e-commerce revenue up 16% YoY, and net income down to ~$3B, as it boosts cloud spending (www.bloomberg.com)
2025-11-25 China Alibaba

Investors have pulled $3.5B from US-listed bitcoin ETFs so far in November, almost equaling the previous monthly record for outflows of $3.6B set in February (www.bloomberg.com)
2025-11-25 Bitcoin ETF

Zoom reports Q3 revenue up 4.4% YoY to $1.23B, vs. $1.21B est., enterprise revenue up 6.1% YoY to $741.4M, and a Q4 revenue forecast above estimates (www.bloomberg.com)
2025-11-25 4Q

Sources: Paris-based Pennylane, which makes accounting software, is discussing a $200M investment led by TCV at a $4.25B valuation, up from €2B in April (www.bloomberg.com)
2025-11-25 Paris

Sources: Apple cut dozens of sales roles to streamline sales to businesses, schools, and governments; Apple says the changes affect “a small number of roles” (www.bloomberg.com)
2025-11-25 Apple

The US DOD and the intelligence community awarded Enabled Intelligence a seven-year, up to $708M data labeling contract in September, beating out Scale AI (www.bloomberg.com)
2025-11-25 AI Intelligence

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