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Chinese company Alibaba Group Holding, working in the field of Internet commerce, intends to create a subsidiary unit, which will be engaged in the production of chips, Reuters reports. The Chinese Internet giant plans to launch the chip in the second half of 2019, which will be used in unmanned vehicles, smart cities and logistics. Alibaba aims to strengthen its presence in the Internet market of things and the rapidly developing market of cloud technologies. The company's plans are in line with the policy of the Chinese government aimed at modernizing various fields of activity through the development of its own microcircuits.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would ...
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