The COVID-19 pandemic has created havoc for most industries and countries around the globe. But one area that is benefiting from this new remote reality is cloud computing.
Pinduoduo (NASDAQ: PDD) has gained a lot of attention since its IPO in mid-2018. The Chinese e-commerce platform popularized bulk "social" purchases, which allowed shoppers to team up, split bulk orders, and drive down individual unit prices.
Sogou (NYSE: SOGO), which owns China's second-largest search engine and its top mobile keyboard app, recently turned heads with its expanding user base and stabilizing profits. Its revenue and adjusted earnings rose 1% and 44%, respectively, last quarter, as daily active users o
With the Dow Jones Industrial Average, the Nasdaq Composite Index, and the S&P 500 all down by more than 20% from their recent highs, there's no doubt that the COVID-19 pandemic has pushed U.S. stock markets into bear territory. What's more, the social distancing measures
The economic disaster being brought on by the COVID-19 pandemic continues. Initial jobless claims surged to over 6.6 million on a seasonally-adjusted basis in the last week of March, and shelter-in-place orders remain in effect to combat the further spread of the contagion. The
China's recovery from the coronavirus outbreak may hold investable lessons for the rest of the globe, according to fund managers who are closely watching - and have begun cautiously buying - in the world's second-biggest economy.
With just about everyone who is still working doing so from home due to the COVID-19 outbreak, there has been a huge increase in the use of cloud services and online grocery orders. Alibaba (NYSE: BABA) and Amazon.com (NASDAQ: AMZN) are two of the top e-commerce and cloud servic
On March 24, India implemented a three-week lockdown for 1.3 billion people to curb the spread of the novel coronavirus (COVID-19) pandemic. The decision was made after projections indicated that up to 500 million Indians could be infected by the end of July and overwhelm the c
Bilibili's (NASDAQ: BILI) stock rose more than 20% over the past 12 months as the Chinese digital media company withstood the economic downturn and novel coronavirus outbreak in its home market. And its recent fourth-quarter report strongly suggests its rally could continue thro