China’s Xiaomi Corp posted a steep drop in second quarter revenue on Friday as the world’s biggest smartphone market shrank, hit by strict China COVID curbs and restrictions. Sales fell 20 percent year on year (YoY) to 70.17 billion yuan ($10.31 billion), missing estimates and marking a steeper decline from the previous quarter when the […]
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Let us look at the Poco X4 Pro 5G, owned by Xiaomi. A great way to describe this phone is to call it an industry standard for a midrange price. It boasts flagship features such as a 6.67in 129Hz AMOLED display and 67W fast charging, to name a few, all for a relatively budget-friendly price. […]
African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its shares up 16 percent despite a wider quarterly loss. Jumia is an online marketplace for vendors and food sellers, with associated services including logistics and payments. […]
We frequently ponder what the future will bring. The Vice President and Prime Minister of the United Arab Emirates (UAE) and Ruler of Dubai, H. H. Sheikh Mohammed bin Rashid Al Maktoum, has stated: “Anyone who thinks that the world after COVID-19 would be the same as the one before it, is mistaken.” Change is […]
Gaming software company AppLovin Corp made an offer on Tuesday to buy its peer video game software maker Unity Software Inc in a $17.54 billion all-stock deal, threatening to derail Unity’s announced plan to acquire AppLovin’s smaller competitor ironSource. AppLovin has offered $58.85 for each Unity share, which represents a premium of 18 percent to […]
Tesla Inc said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker’s shareholders approved the proposal during its annual meeting. Shareholders of the EV maker voted for board recommendations on most issues at the company’s annual meeting on Thursday, including re-electing directors, approving a stock split, […]
The last few years have seen the words blockchain, web 3, and decentralization thrown around like potatoes in a food fight. Everywhere on the internet, you go, people are touting the merits of decentralized finance, business, and information infrastructure. The future is decentralized in the eyes of many entrepreneurs and tech enthusiasts, but what does […]
Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social media company while also looking into his motivation for backing out of the deal, legal experts said. Twitter sent dozens of civil subpoenas this week to global banks such as units […]
Unity Software Inc, the U.S. developer best known for software used to design video games, is in talks to spin off its China unit to help it expand in the world’s biggest games market, four people with knowledge of the matter told Reuters. San Francisco-based Unity has sought strategic investors to join it in a […]
Alibaba Group Holding Ltd on Friday became the latest company to be added to the U.S. Securities and Exchange Commission’s list of Chinese companies that might be delisted. Alibaba’s shares were down 11 percent at $89.37 at the closing bell, ending the month 21.4 percent lower. The e-commerce giant’s shares were already feeling the pressure […]