In a sign that China's economy is recovering from the COVID-19 pandemic, e-commerce giants Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) announced that they recorded record sales during their 618 shopping event yesterday.
According to news outlets citing two people familiar with the matter, online giant Tencent Holdings (OTC: TCEHY) is looking to become the largest shareholder in video-streaming rival iQiyi (NASDAQ: IQ). The latter, as of now, is majority-owned by search-giant Baidu. Tencent Vide
iQiyi's (NASDAQ: IQ) stock recently surged after Reuters claimed Tencent (OTC: TCEHY) could buy a major stake in the video streaming giant. Baidu (NASDAQ: BIDU) spun off iQiyi in an IPO two years ago, but maintains a 56.2% stake in the company.
Italian luxury brand Valentino and Internet giant Amazon have filed a joint lawsuit against New York-based Kaitlyn Pan Group for allegedly counterfeiting Valentino shoes and offering them for sale online.
Alibaba (NYSE: BABA) and Facebook (NASDAQ: FB) are two of the world's top tech companies. Alibaba is China's largest e-commerce and cloud company, and Facebook owns the world's largest social network.
LexinFintech Holdings (NASDAQ: LX), a leading fintech company in China, reported a mixed result for its first quarter ended March 31, 2019. Revenue jumped 41% (in constant currency) while earnings plunged to a net loss, owing to the adoption of a new accounting policy and the
Environmental campaigners delivered a 12-foot (3.6-metre) tall mock-up of an Amazon parcel to the French finance ministry on Wednesday to demand that the government rein in the e-commerce giant's expansion in France.
Tencent Holdings Ltd aims to become the biggest shareholder in video streaming rival iQIYI Inc, said two people familiar with the matter, to lower costs and counter competition in a sector boosted by stay-at-home virus policies.
Proxy adviser Glass Lewis has urged SoftBank Group Corp shareholders to vote against the nomination to the board of a new outside director, in a sign of dissent with Chief Executive Masayoshi Son's proposed corporate governance changes.
What happened
Shares of Genius Brands International (NASDAQ: GNUS) jumped on Monday after the children's entertainment company said Arnold Schwarzenegger has agreed to become a "significant investor." At the close today, Genius Brands stock was up 8.6% after climbing as much as
Cheetah Mobile (NYSE: CMCM), a Chinese maker of mobile apps and games, lost 90% of its value over the past five years as its revenue and earnings plummeted. Its recent first-quarter report also didn't inspire much confidence in a near-term recovery.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI ACWI ETF (Symbol: ACWI) where we have detected an approximate $152.9 million dollar inflow -- that's a 1.3% increase week over week in
The COVID-19 pandemic has slowed down or even halted many business operations around the world, but some companies benefit from the health crisis. For the most part, you'll find that cloud computing stocks fall in the second category as people rely on their products and services
China's internet regulator on Wednesday ordered the Sina Weibo social media platform to disable some of its features for a week, rare punishment for what it said was interference with online communication, among other things.