Shopee, Garena post strong revenue

Shopee, Garena submit robust income

Singapore, Singapore – 2021: A big Shopee emblem on the entrance to the e-commerce platform’s headquarters at Science Park. (Actual images date unknown resulting from incorrect digital camera settings) Kokkai | Istock Unreleased | Getty Photographs Shares of Southeast Asia’s e-commerce and gaming agency Sea Group popped after its first-quarter income beat analysts’ expectations on […]

Slowest quarterly revenue growth on record

Slowest quarterly income development on report

Chinese language e-commerce large JD.com posted its slowest quarterly income development on report for the primary three months of the yr, as Covid-19 lockdowns on the planet’s second-largest economic system weighed on shopper spending. JD.com beat estimates on income however missed expectations on revenue. This is how JD did within the first quarter of 2022, […]

Alibaba's shares fall after unconfirmed rumors link Jack Ma to a probe

Alibaba’s shares fall after unconfirmed rumors hyperlink Jack Ma to a probe

Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Pictures Alibaba’s Hong Kong-listed shares had been about 1% decrease Tuesday — after earlier falling greater than 9% —following unconfirmed rumors that linked the corporate’s founder Jack Ma to a nationwide safety investigation. Chinese language state media reported earlier within the morning that the Hangzhou […]

Robinhood, Chewy, RH, Lululemon and more

Robinhood, Amazon, Apple, Roku and extra

Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a display screen throughout his firm’s IPO on the Nasdaq Market website in Occasions Sq. in New York Metropolis, U.S., July 29, 2021. Brendan McDermid | Reuters Take a look at the businesses making headlines in premarket buying and selling Friday. Apple — Apple’s […]

Chinese AR start-up Nreal to launch smart glasses in the UK

Chinese language AR start-up Nreal to launch good glasses within the UK

Attendees take a look at NReal’s augmented actuality glasses, on the final day of CES 2019 in Las Vegas, Nevada. Robyn Beck | AFP | Getty Pictures Nreal, a Chinese language augmented actuality start-up, is planning to carry its good glasses to the U.Okay. The Beijing-based firm mentioned Tuesday it is going to launch its […]

Fanatics aims to be $100 billion company

Fanatics goals to be $100 billion firm

Michael Rubin arrives on the 2019 Fanatics Tremendous Bowl Social gathering on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Sports activities e-commerce firm Fanatics is rising shortly, nevertheless it’s nonetheless nowhere close to the place it goals to be. Lately, the corporate mentioned, it reached a $27 billion valuation […]

JD.com founder Richard Liu steps down as CEO of e-commerce giant

JD.com founder Richard Liu steps down as CEO of e-commerce big

Richard Liu, the founding father of Chinese language e-commerce big JD.com, will step down from his function as CEO. His departure comes after a variety of high-profile expertise founders exited their management positions amid Beijing’s regulatory crackdown on its home tech sector. VCG | Visible China Group | Getty Pictures JD.com’s billionaire founder Richard Liu […]

Twitter, Tesla, Starbucks and more

Twitter, Tesla, Starbucks and extra

Check out a number of the greatest movers within the premarket: Twitter (TWTR) – Twitter shares soared 26.1% within the premarket after a Securities and Trade Fee submitting confirmed that Tesla CEO Elon Musk had taken a 9.2% passive stake in Twitter. Tesla (TSLA) – Tesla delivered simply over 310,000 autos in the course of […]

Twitter, Starbucks, Tesla and more

Twitter, Starbucks, Tesla and extra

Andrew Burton | Getty Photographs Information | Getty Photographs Try the businesses making headlines in noon buying and selling. Twitter — The social media firm soared 26.6% after a submitting revealed that Elon Musk has taken a 9.2% passive stake within the agency, value about $2.9 billion. The acquisition got here weeks after the Tesla […]

Bed Bath & Beyond, Nio, Joby Aviation, Teva & more

Mattress Tub & Past, Nio, Joby Aviation, Teva & extra

An individual enters a Mattress Tub & Past retailer within the Tribeca neighborhood in New York Metropolis. Michael M. Santiago | Getty Photographs Take a look at the businesses making headlines in noon buying and selling Friday. Mattress Tub & Past – Shares of the house items retailer popped greater than 4% in noon buying […]

Bed, Bath & Beyond, Nio, Honest Company and others

Mattress, Tub & Past, Nio, Sincere Firm and others

Try the businesses making headlines earlier than the bell: Hashish shares – Shares of marijuana producers are extending a Thursday rally within the premarket, following an business publication’s report that the Home will vote for a second time subsequent week to legalize hashish on the federal stage. The Home handed such a invoice in 2020, […]

China's Tencent exploring a financial holding company for WeChat Pay

China’s Tencent exploring a monetary holding firm for WeChat Pay

A picture of WeChat Pay in motion. Zhang Peng | LightRocket | Getty Photos Chinese language tech large Tencent is exploring whether or not regulators would require it to create a monetary holding firm to accommodate is fintech enterprise, a high govt mentioned on Wednesday. The feedback come after Bloomberg reported final week that Chinese […]

Nike, Okta, Alibaba and more

Nike, Okta, Alibaba and extra

Check out a number of the greatest movers within the premarket: Nike (NKE) – Nike reported quarterly revenue of 87 cents per share, 16 cents a share above estimates. Income beat estimates as properly, helped by a rise in digital gross sales and its means to efficiently navigate provide chain points. Nike jumped 6.3% within […]

Nike, Pfizer, Alibaba, Carnival, GameStop and more

Nike, Pfizer, Alibaba, Carnival, GameStop and extra

A person with Nike baggage talks on the cellphone in entrance of a Nike retailer as Black Friday gross sales start at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Try the businesses making headlines in noon buying and selling. Nike — Shares of Nike jumped 3.2% […]

5 things to know before the stock market opens Tuesday, March 22

5 issues to know earlier than the inventory market opens Tuesday, March 22

Listed here are an important information, traits and evaluation that traders want to begin their buying and selling day: 1. Wall Road seems increased after breaking multiday win streaks Merchants on the ground of the NYSE, March 18, 2022. Supply: NYSE 2. Ukraine retakes Kyiv suburb; Biden says Putin ‘towards the wall’ Service members of […]

Alibaba stock spikes after it ups share buyback program to $25 billion

Alibaba inventory spikes after it ups share buyback program to $25 billion

Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Photographs Alibaba’s Hong Kong-listed inventory surged almost 10% on Tuesday after the Chinese language e-commerce big stated it could enhance the scale of its share buyback program from $15 billion to $25 billion. The share repurchase scheme will likely […]

Chinese stocks trading in the U.S. rocket higher after China signals...

Chinese language shares buying and selling within the U.S. rocket greater after China alerts…

Shares of Chinese language corporations listed publicly within the U.S. surged Wednesday as China signaled assist for the shares. Regulators from each nations are progressing towards a cooperation plan on U.S.-listed Chinese language shares, in accordance with Chinese language state media. The report cited a gathering Wednesday chaired by Vice Premier Liu He, who heads […]

Aerovironment, Alibaba, Boeing and more

Aerovironment, Alibaba, Boeing and extra

Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Photos Take a look at the businesses making headlines in noon buying and selling. Alibaba, JD.com, Pinduoduo — Shares of Chinese language corporations listed publicly within the U.S. surged as Beijing signaled assist for the shares. The Chinese language […]