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May 24, 2022

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Tencent Music’s Q1 revenue downbeat, shares rise amid hopes for regulatory easing

Reuters
The logo of China’s Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 17 (Reuters) – China’s Tencent Music Entertainment (TME.N) posted a 15% slump in first-quarter......

Affirm lifts revenue outlook, extends Shopify deal; shares surge

Reuters
May 12 (Reuters) – Affirm Holdings Inc (AFRM.O)raised its annual revenue forecast and said it has extended a multi-year partnership with Shopify (SHOP.TO)in the United States, sending shares of the buy now, pay later (BNPL) firm up 23% aftermarket on Thursday. San Francisco-based Affirm’s third-quarter revenue surged 54%, surpassing the......

Suncor CEO Little faces scrutiny after activist Elliott takes aim

Reuters
May 8 (Reuters) – Three months ago Mark Little, the chief executive of Canadian oil and gas major Suncor Energy (SU.TO), issued a mea culpa. In January two trucks had crashed at an oil sands mine in northern Alberta, killing one person. This raised the number of on-the-job fatalities at......

U.S., Chinese regulators in talks for audit deal -sources

Reuters
Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 6 (Reuters) – U.S. and Chinese regulatory officials are in talks to settle a long-running dispute over the......

Over 80 firms including China’s JD.com added to U.S. SEC list facing delisting risk

Reuters
FILE PHOTO: A man stands outside JD.com’s headquarters, amid the Singles’ Day shopping festival, during an organised tour in Beijing, China, November 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – The U.S. Securities and Exchange Commission added over 80 firms to......

Etsy says impact on sales from sellers strike not material

Reuters
A sign advertising the online seller Etsy Inc. is seen outside the Nasdaq market site in Times Square following Etsy’s initial public offering (IPO) on the Nasdaq in New York April 16, 2015. REUTERS/Mike Segar/File Photo Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – Arts-and-crafts......

Alibaba stock falls, then recovers, after state media report

Reuters
The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 3 (Reuters) – Alibaba shares fell as much as 9% on Tuesday after a state media report that......

Amazon declines to describe search-algorithm data – Australian regulator

Reuters
SYDNEY, April 28 (Reuters) – Amazon.com Inc (AMZN.O) has declined to describe its product-search system to an Australian competition regulator that has heard complaints of large marketplace platforms giving preference to in-house wares. The company’s withholding of the information sets the scene for a possible repeat of Australia’s 2021 showdown......

Amazon results and outlook fall short as warehouse, fuel costs soar

Reuters
April 28 (Reuters) – Amazon.com Inc (AMZN.O) delivered a disappointing quarter and outlook on Thursday as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers. Shares fell 9% in after-hours trade. After a long-running surge in sales during the COVID-19 pandemic, Amazon......

Alphabet misses sales estimates; shares sink

Reuters
April 26 (Reuters) – Google parent Alphabet Inc (GOOGL.O) on Tuesday reported first-quarter revenue below expectations as ad sales amid supply-chain and inflation concerns and the war in Ukraine failed to make up for slower-than-anticipated growth in other units. The world’s largest provider of search and video ads said first-quarter......

Former eBay executive to plead guilty to cyberstalking campaign targeting couple

Reuters
BOSTON, April 19 (Reuters) – A former eBay Inc (EBAY.O) security executive intends to plead guilty to federal charges that he planned a cyberstalking campaign that targeted a Massachusetts couple whose online newsletter was seen as critical of the e-commerce company. James Baugh, eBay’s former senior director of safety and......

Canada’s Shopify announces 10-for-1 stock split

Reuters
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register April 11 (Reuters) – Canadian e-commerce giant Shopify Inc on Monday announced a 10-for-1 split of its class A and class B......

Indonesia’s GoTo surges on debut, sets tone for sector

Reuters
JAKARTA, April 11 (Reuters) – Shares of GoTo (GOTO.JK) soared as much as 23% in their market debut on Monday after Indonesia’s largest tech company raised $1.1 billion in a widely anticipated IPO, setting the mood for other tech offerings. GoTo shares climbed to as much as 416 rupiah ($0.0290)......

China uses AI software to improve its surveillance capabilities

Reuters
BEIJING, April 8 (Reuters) – Dozens of Chinese firms have built software that uses artificial intelligence to sort data collected on residents, amid high demand from authorities seeking to upgrade their surveillance tools, a Reuters review of government documents shows. According to more than 50 publicly available documents examined by......

China’s JD.com promotes Lei Xu to CEO as founder Liu steps back

Reuters
A man stands outside JD.com’s headquarters, amid the Singles’ Day shopping festival, during an organised tour in Beijing, China, November 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register April 7 (Reuters) – JD.com Inc (9618.HK), promoted its president, Lei Xu, as chief executive officer on......

Wall St climbs as megacap growth stocks gain, Twitter surges

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Twitter soars after Elon Musk reveals 9.2% stake U.S.-listed Chinese companies surge Utilities, real estate lag among S&P 500......

Fashion startup Shein raising funds at $100 bln value – Bloomberg News

Reuters
A keyboard and a shopping cart are seen in front of a displayed Shein logo in this illustration picture taken October 13, 2020. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register April 3 (Reuters) – Chinese fast fashion e-commerce startup Shein is weighing a funding round at......

China, U.S. working hard on solution to audit dispute – state media

Reuters
China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SHANGHAI, March 27 (Reuters) – Chinese regulators and their U.S. counterparts are working hard to solve an audit dispute affecting U.S.-listed Chinese firms......

China food delivery firm Meituan reports wider loss, revenue rises

Reuters
People walk past a Meituan logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS/Yilei Sun Register now for FREE unlimited access to Reuters.com Register BEIJING, March 25 (Reuters) – Chinese food delivery giant Meituan (3690.HK) on Friday reported a better than expected 30.6% rise......

Chinese tech stocks drag Asian shares lower in messy trading

Reuters
A woman stands in front of a screen displaying Japan’s Nikkei share average, U.S. and other countries’ stock market indicators outside a brokerage in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register Yen boosted as BOJ refrains from defending yield target Australian......

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