Tencent wants to be foreign automakers’ go-to company for EVs in China

BMW’s iX electric SUV in China was the first global car brand to include the automobile version of Tencent’s WeChat messaging app, according to the Chinese tech company. Tencent BEIJING – Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China’s massive … Read more

TikTok owner ByteDance sees $ 1 billion in player spend on its games

ByteDance has been investing in its mobile gaming business through key acquisitions and is finding success outside of China. Omar Marques | Sopa Images | Lightrocket | Getty Images Chinese internet giant ByteDance’s nascent foray into gaming is showing signs of promise with spending across its mobile titles growing over the past year as it … Read more

Southeast Asian start-ups lay off workers amid economic uncertainty

Southeast Asia’s tech companies are laying off workers as they brace themselves for a tougher fundraising environment. Facebook Facebook logo Sign up for Facebook to connect with Guilliermo Perales Gonzalez E+ | Getty Images Hundreds of workers from start-ups in Southeast Asia have been fired in the last few months, proving that the fast-growing industry … Read more

Fanatics CEO Michael Rubin selling ownership stake in 76ers, NJ Devils

Michael Rubin attends Fanatics Super Bowl Party on February 12, 2022 in Culver City, California. Shareif Ziyadat | Filmmagic | Getty Images Billionaire Fanatics CEO Michael Rubin announced Wednesday that he is selling his 10% stake in the parent company that owns the Philadelphia 76ers and New Jersey Devils, citing a conflict of interest with … Read more

Mark Zuckerberg shows early metaverse headsets Mirror Lake, Holocake

The company formerly known as Facebook said in February that it expects to spend at least $ 10 billion this year on research and development on virtual reality and augmented reality technologies, including computerized glasses or headsets. On Monday, Meta CEO Mark Zuckerberg showed off how much progress the social media company has made toward … Read more

Tech stock picks for the electric vehicle boom: UBS on EV-related stocks

UBS has named its top technology stock picks to ride the electric vehicle revolution. “As EV penetration grows and autonomous driving emerges, we see exponential growth within tech supply chains,” UBS ‘analysts, led by Grace Chen, said on June 17. They expect 2026 to be an “inflection point” for electric vehicles, when the global EV … Read more

China’s tech regulation getting more ‘rational’: JD.com top exec

China’s annual 618 shopping festival sees domestic e-commerce giants including JD.com rack up billions of dollars of sales across their platforms. The 2022 edition comes against a backdrop of slowing economic growth in China and sluggish consumer spending. VCG | Getty Images EMBARGO to lift at 6am Singapore on Friday, June 17 Regulation on China’s … Read more

Remember Foursquare? The location tech used by Apple, Uber knows you

In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Even if you aren’t aware of it, you probably use Foursquare every single day – or at least its technology. With more than 125,000 developers worldwide embedding it in their own software, and with 14 … Read more

Microsoft retires Internet Explorer and ends support

Microsoft Corp. Chairman Bill Gates announces a new version of Microsoft Internet Explorer for Windows XP and that Microsoft would include Windows AntiSpyware technology at no extra charge, during his keynote address at RSA Conference 2005 in San Francisco, Tuesday, Feb. 15, 2005. The two new enhancements will lead to safer Web browsing according to … Read more

Beaten-down tech stocks with strong financials and earnings growth

Tech stocks came under renewed pressure on Friday amid a broad sell-off in the market. CNBC Pro identifies the beaten down tech stocks from the US and beyond that look to have strong fundamentals and are loved by analysts. Wall Street suffered a massive sell-off at the end of last week, as all major indexes … Read more