Tesla on Tuesday announced a five-for-one stock split, sending the electric car maker’s recently high-flying shares up 7% in extended trade.
Browsing: World
HMD Global, the maker of Nokia-branded smartphones, has secured $230-million of investment from partners including Google and Qualcomm to help accelerate its development of 5G devices.
Tencent added to Friday’s sharp decline to start the week, helping lead weakness in technology shares after the US’s move to ban residents from doing business with the company’s WeChat app.
Microsoft’s bid to carve out parts of TikTok from its Chinese owner ByteDance will be a technically complex endeavour that could test the patience of US President Donald Trump.
Twitter has expressed an interest in buying video platform TikTok’s US operations, it has been reported. The video-sharing app is already the subject of takeover discussions with Microsoft.
Huawei Technologies will stop making its flagship Kirin microchips next month, financial magazine Caixin said on Saturday, as the impact of US pressure on the Chinese tech giant grows.
Tencent, one of Asia’s biggest companies, is little known beyond the tech world. But its WeChat super app has more than a billion users worldwide.
Mark Zuckerberg’s net worth passed $100-billion for the first time on Thursday after Facebook hit a record on optimism about the release of its TikTok competitor Reels.
Washington’s plan to ban certain technologies of Chinese origin is a sign of “madness” in US secretary of state Mike Pompeo, China’s state-backed tabloid Global Times wrote in an editorial on Thursday.
The Trump administration’s move to ban US residents from doing business with Tencent’s WeChat app rippled through Chinese markets, erasing $46-billion from the Internet giant’s market value.