News 16/21

May 42 min read

Qualcomm Soars as AI Sparks Rebound in Chinese Smartphone Market

Qualcomm's shares surged by 10% as the company signaled a rebound in demand, particularly in China, driven by AI technology.

May 32 min read

Motorola Solutions' Stellar Growth: Revenue and Profit Soar, Shares Up 3% in Extended Trading

Motorola Solutions raises full-year revenue forecast after strong quarterly results.

May 33 min read

Huawei's Richard Yu Steps Down After 12-Year Stint; He Gang Takes Helm Amid Shift to EVs and Smartphone Focus

Richard Yu, veteran executive at Huawei, to become chairman of consumer business group.

May 33 min read

Elon Musk's Tesla Overhaul Impacts Executive Team He Previously Praised

Several key members of Tesla's executive team, once praised by Elon Musk, have left the company.

May 22 min read

AMD & Super Micro: Chip Stocks Plunge Amid Earnings Disappointment, Ripple Effects on AI Sector

AMD and Super Micro Computer, two prominent chip stocks, experienced a significant decline in their share prices as their earnings fell shor

May 22 min read

Etsy's Q1 Miss: Challenges Amidst Competition, Inflation & Disappointing Sales

Etsy misses first-quarter sales and profit estimates due to lower demand and increased competition.

May 22 min read

Qualcomm Beats Estimates as AI Drives Chip Sales in China

Qualcomm forecasts quarterly sales and adjusted profit above expectations, driven by AI-enabled smartphones in China.

May 22 min read

eBay's Q2 Revenue Forecast Falls Below Estimates; Competition and Inflation Impacting Growth

eBay forecasts Q2 revenue below Wall Street estimates as demand cools for key product categories.

May 22 min read

US to Investigate GoPro's Claims of Patent Violations by Chinese Rival Insta360

The US International Trade Commission (USITC) will investigate GoPro's claims of patent infringement by a Chinese firm.

May 12 min read

Tesla China Rival BYD Sees Profits and Sales Decline

Chinese car giant BYD reports a decline in profits due to slowing demand for EVs and a price war in the Chinese market.

May 12 min read

China Emerges as Home to 369 Unicorns, Valued at an Average of US$3.8 Billion

China is now home to 369 unicorns, valued at an average of US$3.8 billion.

May 12 min read

Microsoft to Invest $1.7 Billion in Cloud and AI Expansion in Indonesia, Says CEO

Microsoft plans to invest $1.7 billion in expanding cloud services and AI in Indonesia over the next four years.

May 12 min read

CATL Targets 2027 for Solid-State Battery Production Amid Cost Challenges - Revolutionising Energy Storage

CATL aims for small-scale production of solid-state batteries by 2027, according to a report.

May 12 min read

Meituan to Launch KeeTa Delivery Service in Riyadh as CEO Expands Overseas Business

Meituan plans to launch its food delivery brand, KeeTa, in Riyadh, Saudi Arabia.

Apr 303 min read

Meta's Profits Soar, Yet Shares Plummet: Insights & Impact Analysis

Meta's Q1 profit more than doubled, driven by higher advertising revenue and increased ad prices.

Apr 302 min read

Indonesia's GoTo Remains Optimistic Despite Q1 Loss, Eyes Profitability Boost with TikTok Partnership

Indonesia's GoTo reports first-quarter loss but remains optimistic about profitability.

Apr 302 min read

Apple Shares Surge as Bernstein Analyst Upgrades Rating

Apple's shares experienced a significant rise following the upgrade by Bernstein analyst Toni Sacconaghi.

Apr 303 min read

Brain-Machine Integration Sparks Global Race for Technological Innovation

China is a key player in the global race for brain-machine integration technology.

Apr 292 min read

Apple's Competitors, Google and Meta, Gear Up to Challenge iPhone and Vision Pro

Google and Meta Platforms Inc. are revamping their strategies to compete with Apple's iPhone and Vision Pro.

Apr 292 min read

Tokyo Startup, Anaut, Introduces AI System to Revolutionise Endoscopic Surgery

Tokyo-based startup Anaut has developed an AI system called Eureka Alpha to assist surgeons during endoscopic surgeries.