Finance
TikTok Emerges as Top-Grossing App Globally Despite Sanctions, data.ai Reports
February 18, 2024 – Despite facing sanctions primarily centered around the United States, TikTok, the international version of Douyin, has emerged as the top-grossing app globally, according to a recent report by data analytics firm data.ai. The rankings were determined by estimating the in-app purchase revenue from both the Google Play Store and the App…
Apple’s Vision Pro Set for April Launch in China, Navigating Trademark Hurdles
February 06, 2024 – Apple’s Vision Pro, a highly anticipated device, made its official debut in the United States last week, with a starting price tag of approximately $25,000. New developments indicate that the gadget is poised to hit the Chinese market as early as April, with a latest possible arrival not later than May….
Meta Stock Skyrockets as Apple’s Vision Pro Hits the Market
February 04, 2024 – News emerged on February 4th that Apple’s inaugural head-mounted display, Vision Pro, had officially gone on sale on February 2nd. However, an interesting turn of events unfolded as the stock price of its competitor, Meta, experienced a significant surge of over 20% in a single day, adding more than $200 billion…
Apple CEO Defends Vision Pro’s $3499 Price Tag, Calling it ‘Tomorrow’s Technology Today
February 03, 2024 – In a highly anticipated move, Apple CEO Tim Cook made an appearance at the iconic Apple Store on Fifth Avenue in New York City to sit down with ABC’s “Good Morning America” for an interview. The focus of the discussion was none other than the newly launched Vision Pro headset, which…
New Samsung Union Emerges, Uniting Four Subsidiaries with Over 13,000 Members
February 01, 2024 – In a recent development, it has been reported that four subsidiaries of the Samsung Group – Samsung Electronics DX (Device Experience), Samsung Fire & Marine Insurance, Samsung Display, and Samsung Biologics – have come together to form a unified labor union known as the “Samsung Cross-Enterprise Union.” With a membership exceeding…
Facing the Specter of Mediocrity: ByteDance CEO Calls for Heightened Crisis Awareness
January 31, 2024 – In the annual all-hands meeting for 2024 at ByteDance, CEO Liang Rubo delivered a speech where he repeatedly emphasized the need for a “sense of crisis” and included “strengthening this sense of crisis” as one of the company’s yearly objectives. Liang candidly admitted that his greatest concern stems from the fear…
Tesla CEO Elon Musk’s US$55 Billion Compensation Plan Rejected by Delaware Court
January 31, 2024 – News emerged on the 31st that Tesla CEO Elon Musk’s US$55 billion compensation plan has been rejected by the Chief Justice of the Court of Chancery in Delaware, following raised by Tesla shareholders. The judge opined that the massive stock option award granted to Musk by Tesla in 2018 was unfair,…
Samsung Electronics Reports Historic Low Profits in 2023, Blames Semiconductor Downturn
January 31, 2024 – In a recent announcement, Samsung Electronics has revealed its financial results for the fourth quarter and the entirety of 2023, painting a bleak picture for the tech giant. The company’s operating profit for the year plummeted by a staggering 84.86%, reaching a historical low of 6.567 trillion Korean won (approximately 35.4…
OpenAI Debuts on Hurun Global 500 as Valuation Surges, AGI Research in Focus for 2024
January 31, 2024 – The Hurun Research Institute today unveiled its “2023 Hurun Global 500” list, highlighting the world’s top 500 non-state-owned enterprises ranked based on their market value or valuation. It is reported that the threshold for entering the Hurun Global 500 has increased by 7% compared to the previous year, amounting to a…
Tesla Unveils Bold Capital Expenditure Plans for 2024 and Beyond
January 30, 2024 – Tesla has today shed light on its capital expenditure plans for 2024 and beyond through the release of its 10-K report. In keeping with its tradition of increasing investments, the electric vehicle giant anticipates spending at least 10billionthisyear,anamountthatequatestoapproximately71.8billionChineseyuan.For2025and2026,thecompanyhasbudgetedbetween8 billion and $10 billion. Acknowledging the dynamic nature of its undertakings, Tesla cautioned…