Business

Alibaba posts loss, slower revenue amid lower consumption

Chinese e-commerce company Alibaba Group on Thursday posted net losses and missed market expectations for revenue in its quarter ended September amid a slowing economy and depressed consumer sentiment.

Energy & Green Tech

EVgo latest in hot US electric auto sector to publicly list

California-based EVgo is set to join the parade of companies jumping on public equity markets following a transaction announced Friday to raise $575 million to accelerate the build-out of electric charging stations in the ...

Business

Tesla performance opens door to Elon Musk payday

Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.

Business

US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China

The U.S. government has blacklisted Chinese smartphone maker Xiaomi Corp. and China's third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump's last week in office.

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