Tencent Holdings logged its first-ever decline in quarterly revenue, becoming the latest victim of a worsening Chinese economy.
Mounting concern over semiconductor demand is sending shudders through Asia’s high-tech exporters, which historically serve as a bellwether for the international economy.
Even in an industry famous for its roller-coaster cycles, chip makers are bracing for a particularly severe shift in coming months.
Tencent plans to sell all or a bulk of its R400-billion stake in food delivery firm Meituan to placate domestic regulators, sources said.
It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September.
An old adage is making the rounds once again in the crypto sphere: institutional investors are back.
Just 18 months ago, Tencent Holdings was on the cusp of becoming Asia’s second trillion-dollar company. No more.
Huawei reported its first quarterly sales rise since the end of 2020 as it fights the US blacklisting that hammered its smartphone business.
Apple has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021.
Ether hit a more than two-month high on signs that a plan to upgrade the ethereum blockchain passed a major test.