Harshita Mary Varghese
Stories by Harshita Mary Varghese
OpenAI to raise $40b in SoftBank-led round at $300b valuation
The funding is contingent on the AI firm transitioning to for-profit by the end of the year.
Yahoo strikes deal to sell TechCrunch to media investment firm Regent
Regent has been actively expanding its tech news site portfolio
Alibaba shares open at three year-high as revenue beats estimates
Ryan Cohen said to have increased his personal stake in Alibaba to roughly $1b in recent months.
Alibaba beats revenue estimates with strong year-end sales
Alibaba's domestic e-commerce business Taobao and Tmall Group posted a 5% revenue growth in Q3.
Microsoft, BlackRock to launch $30 billion fund for AI infrastructure
MGX, the Abu Dhabi-backed investment company, will be a general partner in the fund.
China e-commerce group JD.com beats profit forecasts in second quarter
Major Chinese vendors like JD.com and Alibaba have increased their focus on discounts and lower-priced goods.
China tells telcos to phase out foreign chips in blow to Intel, AMD
Beijing has increased efforts to replace Western-made technology with domestic alternatives amid Sino-U.S. tensions.
VinFast says it aims to triple vehicle sales in 2024 even as losses widen in Q4
VinFast's net losses in Q4 2023 reached $650m
Alibaba misses Q3 revenue target, boosts share buyback
Alibaba announced the split of its business into six units last March.
