Nvidia offers alternative chip to China to remove US export barriers

Nvidia offers alternative chip to China to remove US export barriers

HONG KONG— Nvidia corp. NVDA 1.02% has begun offering an alternative to a high-end chip hit by US export restrictions to customers in China after the new rules threatened to cost the US company hundreds of millions of dollars in lost revenue. Nvidia said the new graphics processor chip, branded A800, meets US restrictions on … Read more

Alibaba, Nio, Tencent and other Chinese stocks rise

Alibaba, Nio, Tencent and other Chinese stocks rise

Chinese stocks rose on Monday as investors remained optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course with “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trade, with Ali Baba (ticker: BABA) rises 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) climbing … Read more

The Broken Deal triggered currency losses for Barclays, Deutsche Bank and Citigroup

The Broken Deal triggered currency losses for Barclays, Deutsche Bank and Citigroup

Barclays BCS -0.71% PLC, Deutsche Bank AG DB 0.52% and Citigroup Inc. C -0.24% lost money on currency hedging products it sold to a client for an acquisition that fell through, the latest example of the damage spread during the worst stretch of deal-making in years. Prosus PRX -1.77% NV, best known as the largest … Read more

The production company behind ‘Top Gun: Maverick’ raises capital

The production company behind ‘Top Gun: Maverick’ raises capital

Fresh off the success of “Top Gun: Maverick,” David Ellison, one of Hollywood’s richest heirs, has raised a new round of capital to expand deeper into animation, video games and sports-related programming. Skydance Media, the production company founded by Mr. Ellison, who is the son of the billionaire Oracle corp. founder Larry Ellison, has raised … Read more

New ETFs give investors a chance to bet on the Metaverse

New ETFs give investors a chance to bet on the Metaverse

Undaunted by a recent slump in tech stocks, some investors eager to get in on a new tech trend are turning their attention to the metaverse. This next iteration of the Internet is an immersive 3-D virtual world where people use virtual and augmented reality to socialize, work and play. McKinsey & Co. estimates that … Read more

Tencent is considering more share sales to fund share buybacks, future growth

Tencent is considering more share sales to fund share buybacks, future growth

Tencent TCEHY 0.97% Holdings Ltd. is considering shedding more of its vast investment portfolio as the Chinese social media and video game company tries to fund a series of share buybacks and refocus its growth strategy, people familiar with the matter said. The tech giant, which owns stakes in some of China’s biggest internet companies, … Read more

Tencent is considering more share sales to fund share buybacks, future growth

Tencent is considering more share sales to fund share buybacks, future growth

Tencent TCEHY 0.08% Holdings Ltd. is considering shedding more of its vast investment portfolio as the Chinese social media and video game company tries to fund a series of share buybacks and refocus its growth strategy, people familiar with the matter said. The tech giant, which owns stakes in some of China’s biggest internet companies, … Read more

Tencent gets China approval for its first game in more than a year

Tencent gets China approval for its first game in more than a year

SINGAPORE—Chinese video game developer Tencent Holdings Ltd. The Czech Republic -3.01% won its first license for a new title since last June, allaying some investors’ concerns about the prolonged absence of approvals granted to tech giants in the country. “Health Defense,” a health education mobile game operated by a company controlled by Tencent executives, including … Read more

Tencent gets China approval for its first game in more than a year

Tencent gets China approval for its first game in more than a year

SINGAPORE—Chinese video game developer Tencent Holdings Ltd. The Czech Republic -3.01% won its first license for a new title since last June, allaying some investors’ concerns about the prolonged absence of approvals granted to tech giants in the country. “Health Defense,” a health education mobile game operated by a company controlled by Tencent executives, including … Read more

China’s economic misery drags on with factory disruptions, real estate slump

China’s economic misery drags on with factory disruptions, real estate slump

Chinese factory activity shrank and home sales fell in August as the world’s second-largest economy struggled to shake off the impact of the Covid-19 outbreak, its worst heat wave in six decades and a deepening slump in real estate. As the heat wave led to electricity shortages and production disruptions, manufacturing activity fell for a … Read more