On Monday, China granted approval for 105 domestic games, signaling a potential shift in its approach following recent industry restrictions that resulted in an $80 billion market decline last week. Among the approved titles are games operated by Tencent Holdings and NetEase, China's leading game publishers, which have been...
Read moreNike announced its intention to trim costs by approximately $2 billion over the next three years, concurrently revising its sales outlook, which led to a nearly 10% decline in stock after hours. Despite a 4.7% year-to-date increase in Nike shares, the performance lagged behind the S&P 500's gains. Retailer...
Read moreApple's attempt to delay an impending import ban on certain Apple Watch models has been unsuccessful, as confirmed by an International Trade Commission filing. Now, only a last-minute intervention from the White House could prevent a temporary halt in sales for some Apple Watch devices in the U.S. Earlier...
Read moreMeta is investing billions of dollars each quarter to fulfill CEO Mark Zuckerberg's ambitious vision of a futuristic virtual world known as the metaverse. However, despite the company's dedication to making this dream a reality, the virtual reality market is experiencing a contraction. Data from research firm Circana reveals...
Read moreAlphabet's Google has reached an agreement to pay $700 million and enhance competition within its Play app store, as part of an antitrust settlement with US states and consumers revealed on Monday in a federal court in San Francisco.As per the terms of the settlement, the company will contribute...
Read moreChina's iPhone Ban Expands Across State Firms and Government EntitiesIn a move that is set to disrupt the world's largest mobile market, China's iPhone ban is rapidly spreading across state firms and government offices. Multiple agencies and departments in at least eight provinces, including the affluent coastal regions, have...
Read moreIn a significant win for the e-commerce giant, Amazon has successfully defended itself against the European Union's (EU) allegations of receiving tax advantages in Luxembourg. The EU had ordered the U.S. company to pay back 250 million euros in 2017, but the company challenged the decision and has now...
Read moreIn a surprising turn of events, Pinduoduo (PDD), a relatively unknown player in the e-commerce industry, has managed to surpass the market capitalization of Alibaba, the e-commerce giant co-founded by Jack Ma. This achievement has raised eyebrows and sparked a wave of curiosity as to whether Pinduoduo's success is...
Read moreBitcoin has once again captured the attention of the financial world as it surpasses the $42,000 mark. However, Bitcoin surges is just the beginning of what enthusiasts believe will be a crypto supercycle, propelling the world's largest digital token to soar above $500,000. With the digital-assets community caught up...
Read moreIn a surprising turn of events, Amazon has made a significant move in its battle against Elon Musk's Starlink by purchasing three rocket launches from SpaceX for its Kuiper satellite internet project. The tech giant's decision to team up with its competitor raises eyebrows and adds a new dimension...
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