Business

Alibaba says profit fell 74% in 'volatile' environment

Chinese e-commerce giant Alibaba on Thursday said profit in the October-December period fell 74 percent, the company's third straight quarterly drop as it faces myriad challenges including a government crackdown, slowing ...

China's Tencent buys Japanese game designer: report

Chinese games and messaging colossus Tencent Holdings has acquired the Japanese creative studio behind several hit Nintendo Switch titles, a report Friday said, as it seeks to recover from a government crackdown on the gaming ...

Business

China's 'Single's Day' shopping fest subdued by tech crackdown

China on Thursday held a subdued version of its annual "Single's Day" shopping spree, shorn of the usual boasting on sales volume as the country's chastened e-commerce sector kept a lower profile amid a government crackdown ...

Business

Alibaba earnings down as China tech giants face turmoil

Chinese e-commerce leader Alibaba Group said Tuesday that it posted lower profit but maintained steady revenue growth, indicating that a government crackdown on the country's tech giants was having little impact on its core ...

Internet

Surveillance fears after Clubhouse app takes Saudi by storm

Political reform, racism, transgender rights—the audio app Clubhouse has unleashed unbridled debates about topics deemed dangerously sensitive in Saudi Arabia, but surveillance fears have spooked users in the authoritarian ...