Alibaba boosts share buy back as revenues miss estimates
By Casey Hall and Harshita Mary Varghese SHANGHAI (Reuters) – China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering…
China’s BYD forecasts 2023 net profit to rise as much as 86.5% y/y
By Ethan Wang, Zhang Yan, Ella Cao and Ryan Woo BEIJING (Reuters) – Chinese electric vehicle (EV) giant BYD said on Monday it expects net profit in 2023 to have…
India yet to decide on lower taxes for imported EVs as local firms resist Tesla
By Una Galani and Peter Thal Larsen DAVOS, Switzerland, Jan 18 (Reuters) – India hasn’t made up its mind on cutting import taxes on electric vehicles (EVs) under a new…
Cathie Wood’s ARK invests in bitcoin futures ETF, sells Coinbase shares
By Manya Saini (Reuters) – Cathie Wood’s ARK Invest bought 4.3 million shares of ProShares Bitcoin Strategy ETF, which is popularly known as ‘BITO’ and tracks the price of futures…
Cybertruck designer says Tesla stainless steel pickup is no experiment
By Nichola Groom and Cath Turner LOS ANGELES (Reuters) – The angular, polarizing design of the Cybertruck will help boost the Tesla brand, the electric vehicle maker’s chief designer said…
Nepal to ban China’s TikTok, alleges damaging social impact
By Gopal Sharma KATHMANDU (Reuters) – Nepal said on Monday it would ban China’s TikTok, adding that social harmony and goodwill were being disturbed by “misuse” of the popular video…
India developers seek to cash in on soaring EV sales with residential chargers
By Aby Jose Koilparambil (Reuters) – More developers in India are putting electric vehicle chargers in parking slots of new developments, hoping to boost the value of the property and…
Panasonic cuts battery unit’s profit outlook, warns on high-end EV sales
By Daniel Leussink TOKYO (Reuters) – Panasonic Holdings, which supplies Tesla, said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division’s…
Esports debuts on Asian games – what’s next?
Esports, which stands for Electronic Sports, refers to competing in video games, including players, leagues, and contests. Different from recreational players, seizing a victory in a game is a career…
Microsoft Digital Defence Report 2023, a global overview of cybersecurity trends
When one wants to get an overview of global cybersecurity developments and trends, few sources are as reliable as Microsoft Digital Defence Report. Everyone knows the strength and ubiquity of the…