Apple had a record quarter in China with the highest ever number of iPhone upgrades

Customers try out iPhone 12 smartphones at an Apple store on October 23, 2020 in Shanghai, China. Wang Gang | Visual China Group | Getty Images GUANGZHOU, China — Apple raked in its highest ever revenue in the greater China region in the December quarter as a record number of iPhone upgrades helped the U.S. … Read more

HBO Max activations double to 17.2 million in fourth quarter

Gal Gadot stars as Wonder Woman in “Wonder Woman 1984.” Warner Bros. “Wonder Woman 1984” helped double the HBO Max’s activations to 17.2 million, AT&T said Thursday. The telecommunications company, which owns WarnerMedia, reported that HBO and HBO Max now have a combined 41.5 million domestic subscribers, up 20% from 34.6 million a year prior. … Read more

Ant Group IPO could get back on track if it resolves issues, China’s central bank governor suggests

A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters GUANGZHOU, China — Ant Group’s initial public offering (IPO) could resume if the company resolves its issues, China’s central bank governor hinted on Tuesday. The Ant … Read more

Alphabet and Facebook rise after Microsoft reports surprisingly strong advertising revenue

Microsoft CEO Satya Nadella speaks during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. / AFP PHOTO / Jason Redmond (Photo credit should read JASON REDMOND/AFP via Getty Images) JASON REDMOND | AFP | Getty Images Shares of Alphabet, Facebook and other advertising-driven internet companies gained in extended trading on Tuesday … Read more

GameStop jumps after hours as Elon Musk tweets out Reddit board that’s hyping stock

Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tesla CEO Elon Musk seemed to rally behind GameStop‘s epic surge on Tuesday, tweeting out a link to the Reddit board that’s largely hyped the stock. Shares of GameStop, which … Read more

What investors should watch for in Microsoft’s earnings: Xbox pressure on margins, cloud growth

The impact on Microsoft's margins will come down to the number of Xboxes Microsoft sold in the quarter, which could be limited because of supply constraints. Source link

Chinese TikTok rival Kuaishou could raise over $5 billion in Hong Kong IPO

A Kuaishou app interface on a mobile phone, Yichang, Hubei province, China, Jan 20, 2021. Kuaishou is gearing up for an initial public offering (IPO) in Hong Kong. Costfoto | Barcroft Media | Getty Images GUANGZHOU, China — Chinese short video app Kuaishou has priced its Hong Kong initial public offering (IPO) as it looks … Read more

Here are all the Super Bowl ads that have been released so far

Still from Michelob Ultra’s 2021 Super Bowl commercial. Michelob Ultra This year’s Super Bowl will be an extravaganza of first-time Super Bowl advertisers. Super Bowl mainstays like Pepsi, Coke and Budweiser aren’t buying ad time on this year’s game (Pepsi is still sponsoring the halftime show.) Instead, they’re being replaced by companies that had a … Read more

Shares of Evergrande’s electric car unit pop 67% after raising billions to compete with Tesla in China

Evergrande Group Chairman Xu Jiayin attends Evergrande New Energy Auto Global Strategic Partners Summit on November 12, 2019 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images GUANGZHOU, China — Shares of the electric vehicle unit of Chinese property giant Evergrande surged as much as 67% on Monday after the … Read more

How Mike Speiser and Sutter Hill are changing the rules for venture investing

Venture capitalist Mike Speiser had a historic 2020. His firm, Sutter Hill Ventures, turned an initial investment of less than $200 million in Snowflake into a stake worth $12 billion after its IPO in September. Sutter Hill amassed its fortune in the cloud software vendor in a unique way. The typical method of early-stage investing … Read more