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China AI startup MiniMax raising over $250 million from Tencent-backed entity, others - sources
Reuters via Yahoo! Philippines News· 1 year agoChinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about ...
Alibaba says to hire this year, refuting layoff rumours
Reuters via Yahoo! Philippines News· 1 year agoSHANGHAI (Reuters) -Alibaba Group Holding Ltd said on Thursday it planned to hire 15,000 people this...
SoftBank questions S&P after it cuts rating deeper into junk
Reuters via Yahoo! Philippines News· 1 year agoTOKYO (Reuters) -S&P Global Ratings cut SoftBank Group Corp's long-term rating deeper into junk...
Alibaba's cloud unit to cut 7% of staff in overhaul - source
Reuters via Yahoo! Philippines News· 1 year agoAlibaba did not immediately respond to a Reuters request for comment. Earlier this month, the...
SoftBank exploring offering credit funds to tech startups- sources
Reuters via Yahoo! Philippines News· 1 year ago(Reuters) -SoftBank Investment Advisers, which manages two Vision Funds, is exploring launching a...
A Tesla co-founder returns, TuSimple restructures again and Uber's stickiness strategy
TechCrunch via Yahoo! Philippines News· 1 year agoIt was another busy week in the transportation world and no surprise, Tesla was one of the...
Poised for Breakup, China’s Alibaba Finishes Year With $10 Billion Profit
Variety via Yahoo! Philippines News· 1 year agoAlibaba, China’s e-commerce and entertainment giant, announced net profits of $10.6 billion for its...
Tencent cuts cloud service prices up to 40% to fend off rivals
Reuters via Yahoo! Philippines News· 1 year agoHONG KONG (Reuters) -Chinese internet giant Tencent Holdings is cutting prices for cloud services by...
The investor of Big Short fame is making a huge bet on Chinese tech stocks
Quartz via Yahoo! Philippines News· 1 year agoShort seller Michael Burry is playing the long game in China’s tech sector. The money manager made...
Sea’s path to profit paved with layoffs, single-ply toilet paper
Bloomberg via Yahoo! Philippines News· 1 year agoJust over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his...