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BEIJING: Beijing-based education technology startup Yuanfudao said on Thursday that it has secured $2.2 billion from major Chinese and international investors in two recent rounds of financing that it said lifts the company's valuation to $15.5 billion.
SYDNEY: Shareholders of Crown Resorts Ltd voted against executive pay at the company’s AGM, a step toward removing the board, as the Australian casino giant apologised for corporate governance failings.
Microsoft Corp's cloud computing business slightly re-accelerated and its Teams messaging and collaboration software won new users, as a pandemic-driven shift to working from home and online learning drove quarterly results ahead of investor targets
TOKYO: Sony Corp is seeing "very considerable" demand for its PlayStation 5 (PS5) console via pre-orders, its gaming chief said, as the tech firm targets pole position in the race to tap the growth of gaming globally with the device's Nov. 12 launch.
NEXT week will be a busy week with the focus on the United States presidential election, which takes place on Tuesday, with heavy expectations that Democratic candidate Joe Biden will emerge winner with a convincing victory over the 45th US president, Donald Trump.
TOKYO/CHICAGO/STOCKHOLM: Think Michelangelo vs Da Vinci. Muhammad Ali and Joe Frazier. Batman v Superman. Another epic rivalry is rejoined next week when Sony and Microsoft go head-to-head with the next generation of their blockbuster video-game consoles.
KUALA LUMPUR: JF Apex Research expects vaccine-related stocks, and sectors such as aviation, gaming, banking, O&G, consumer and REIT to be under investors’ interests on Tuesday.
TOKYO: Sony Corp's PlayStation 5 (PS5) console launched in core markets on Thursday to intense interest online, but with first day real-world sales limited to pre-order pick-ups.
KUALA LUMPUR: RHB Research has upgraded Berjaya Sports Toto Bhd to a "buy" recommendation as the Toto-betting business remains resilient under the conditional movement control order and as the government cracks down on the illegal gambling market.
HUAWEI Technologies Co. sold its Honor smartphone business to a Chinese government-backed consortium for an undisclosed amount, hiving off the entry-level devices arm after the Trump administration cut off its access to American technology.