Business

Gaming giant Tencent's 2022 annual net profit falls 16%

Chinese gaming giant Tencent's profits fell steeply last year, according to an earnings report released Wednesday, as the country's tech sector weathers a government crackdown and a shaky economy.

Business

Alibaba quarterly revenue rises 2%: earnings report

China's Alibaba Group said Thursday its revenue rose two percent year-on-year in the quarter ending December 2022, as the internet giant shook off the impact of strict COVID containment measures and a slump in consumer demand.

Business

Snap shares dive on bad quarterly results

Shares in Snapchat's parent company plunged more than 14 percent on Tuesday after it reported a loss in the final three months of last year on seemingly stalled revenue.

Business

How ridesourcing services are transforming US cities

Over the last decade, the meteoric rise of ridesourcing services like Uber and Lyft have transformed the urban landscape, affecting travel patterns, car ownership, and congestion, and more broadly, the economy, the environment, ...

Energy & Green Tech

Research ushers in a 'new frontier' in tackling global poverty

With electricity comes prosperity, right? The answer might seem obvious—that electricity is key to economic growth and other societal benefits like better health. But in the world's most impoverished regions, where resources ...

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