Chesnot/Getty Images News China e-commerce giant Alibaba Group (NYSE:BABA; 9988.HK) eked out 5% revenue growth in its latest quarterly results announced last Wednesday. Despite that modest gain, a bright spot for the company came from Alibaba International Digital Commerce (Alibaba International), its international e-commerce arm, whose revenue jumped by a much larger 44% to $4.02…
Leon Neal Thesis Earlier in October, I covered Take-Two Interactive Software, Inc. (NASDAQ:TTWO), where I discussed TTWO’s growth potential going forward in the near term. Today in this article, I will be covering the company’s recent Q2 2024 result, the strong interest in GTA VI’s trailer, and the gaming industry outlook in the near term….
Maximusnd November 2023 was the best month for bonds since 1985! But let’s zoom out a bit. The bond market has had a rough past few years. 2022 was the worst year for bonds in the past 250 years. 2023 hasn’t been great, but November was an exception. Was November’s record-breaking performance the turning point…
When TinyTap introduced the concept of Publisher NFTs, it aimed to use it to support content creators in the line of education and publishing. Animoca Brands announced that Season 2 of its Publisher NFTs surpassed all expectations, having already sold out. It shared this in a recent announcement, revealing that the sale of all 720…
The commission now has access to all of the exchange’s records, which could serve as a catalyst for uncovering additional instances of mishandled funds or suspected fraudulent activities. The recent news of Binance’s former CEO pleading guilty to money laundering charges has undoubtedly made headlines, adding to the circumstances that led to his decision to…
TMSC saw their quarterly profits plunge the highest since 2019. However, the company says that the the PC and smartphone market concerns are abating and chip demand is rising again. On Thursday, October 19, the Taiwan Semiconductor Manufacturing Company (TSMC) reported its Q3 2023 numbers with profit standing at 211 billion New Taiwan dollars ($6.69…
MasterCard says it has devised a solution that helps it tokenize (or wrap) CBDCs onto different blockchains. Global payments platform Mastercard Inc (NYSE: MA) has announced the successful completion of an experiment it carried out using wrapped central bank digital currencies (CBDCs). As Coinspeaker reported in March, the company had the help of the Reserve…
The success highlighted by the feat reinforces the popularity of WaaS. Web3 infrastructure provider Particle Network has said that its rollout of Wallet-as-a-Service (WaaS) V2 is proving to be a huge success. According to a recent press release, the company saw more than 15 million wallet activations in under a year since it launched the…
The Web3 platform ZTX achieved a record-breaking sale of 4,000 Genesis Homes NFTs, showcasing enthusiasm for the metaverse despite a bearish NFT market. The Web3 platform focused on the metaverse ZTX backed by Jump Crypto, achieved a record-breaking sale of its inaugural collection of 4,000 Genesis Homes NFTs, despite the current bearish NFT market. According…
During the past 9 weeks, Solana recorded a total inflow of about $0.7 million while all digital asset investment products saw an outflow of about $342 million in the past seven weeks. One of the leading smart contract blockchains and DeFi ecosystems with over $305 million in total value locked (TVL), Solana (SOL), has been…
Sebastian Siemiatkowski, Klarna’s CEO and founder, said that the firm is very hopeful for the second half of 2023, suggesting that the aggressive cost-cutting strategy in 2022 may now be yielding. Despite its efforts towards profitability, buy now, pay later firm Klarna has revealed that it failed to record a half-year 2023 profit. The Swedish…
The decline in handset sales, a challenge faced not only by Xiaomi but also by other smartphone manufacturers, has pushed the company to explore new avenues for growth. Xiaomi Corp (HKG: 1810), one of China’s leading technology giants has reported a 4% drop in revenue for the second quarter, reflecting the ongoing challenges faced by…
The CEO of Baidu disclosed that the company saw accelerated revenue and profit growth in the Q2 of 2023 due to the good performance of the online marketing business and operating leverage. Popular China’s tech company Baidu has reported a significant increase in its Q2 2023 revenue. A report filed on Tuesday showed that the…
As the global economic downturn continues, especially with headwinds in China, the Nikkei 225 recorded a big weekly loss as stocks fell. The Japanese Nikkei 225 index has seen its largest weekly loss in eight months. On Friday, the Nikkei average posted the loss following problems stemming from the outlook on the Chinese economy. For the week…
The company’s expansion into new business verticals has played a significant role in bolstering its fiscal Q1 2024 results. Chinese e-commerce giant, Alibaba Group Holding Ltd (HKG: 9988) has announced remarkable revenue and financial results for its fiscal Q1 2024 ending June 30. With a 14% year-on-year increase in revenue and a surge of more…
One of the standout aspects of Block’s financial report is its strategic approach to Bitcoin investments. American multinational financial technology company Block Inc (NYSE: SQ) has reported a staggering 34% increase in Bitcoin (BTC) sales on its Cash App platform, resulting in a remarkable $2.4 billion in the second quarter. The company stated in its…
Despite the revenue loss, Robinhood recorded a total net revenue of $468 million. While Robinhood (NASDAQ: HOOD) achieved profits in Q2 2023, the company recorded declines in its crypto revenue. The online trading platform released its second-quarter earnings results on August 2nd, noting its first time recording profits since going public in the quarter. Per…
Amid the euphoria of a robust first quarter, Panasonic has decided to maintain its full-year profit predictions. Japanese electronics giant, Panasonic Holdings Corp (TYO: 6752) renowned for its diverse product portfolio has recently reported a stellar Q1 profit performance. According to reports, the company’s operating profit came in at an impressive 90.37 billion yen ($637…
Finance chief David Zinsner attributed the better-than-expected Q2 2023 earnings to some internal developments at Intel. After two consecutive quarters of losses, semiconductor corporation Intel Corporation (NASDAQ: INTC) has returned to profitability in Q2 2023. For the three months that ended on July 1st, the company exceeded analysts’ expectations in earnings for the first time…
Sundar Pichai revealed that the company was planning to use new AI models to automate some customer services. Alphabet‘s second-quarter earnings report released on Tuesday shows that the company surpassed revenue and profit expectations despite challenges such as a plunging digital advertisement market and the emergence of AI-powered chatbots. Shares rose about 7% in after-hours…