FAST NEWS: CMGE’s loss narrows on cost controls
The latest: Game operator CMGE Technology Group Ltd. (0302.HK) reported Wednesday its net loss narrowed 90.2% last year to 20.08 million yuan ($2.78 million). Looking up: The company’s expenses decreased by 28% to…
FAST NEWS: Baidu sees big potential in Ernie Bot as profit drops
The Latest: Leading search engine Baidu Inc.’s (9888.HK, BIDU.US) revenue rose 6% year-on-year to 35 billion yuan ($4.92 billion) in the fourth quarter, while its net profit fell 48% to nearly 2.6 billion…
Lenovo caught in a ‘Thucydides Trap’ between an old power and a rising one?
A Newsweek article from last year, which attracted recent attention after being cited in a new article by BusinessWeek, quoted a research group saying the company’s PCs could pose a…
Voicecomm talks up its prospects on big potential for conversational AI
The provider of software that facilitates human-to-computer communication has filed for a Hong Kong IPO that could value the company at about $500 million Key Takeaways: Shanghai Voicecomm has filed…
Chinese game operators shift focus to overseas expansion, AI
Companies are enhancing their development capabilities and accelerating their moves into foreign markets to offset slowing growth at home By Research-Select In a bid to standardize regulation of the…
PODCAST: China’s Private Equity Clampdown, and a Tech Hotshot Drives Out of America
By Doug Young & Rene Vanguestaine China is raising the bar for its vast field of venture capital and private equity companies, a move that looks aimed at avoiding a…
Alibaba International sharpens its merchant appeal with new AI tools
The internationally focused unit of Alibaba announced the pilot launch of its first suite of AI-powered APIs, drawing on its experience in commerce and troves of industry knowledge Key Takeaways:…
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