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Sony logs biggest profit in 8 years on restructuring, games
TOKYO: Japanese electronics maker Sony Corp on Thursday reported its biggest annual operating profit since fiscal 2007 due to cost cuts in its struggling smartphone business and brisk demand for PlayStation 4 videogames.
Japan's Nintendo swings back to profit on weak yen
TOKYO: Ninntendo said Wednesday it swung back to profitability in the six months to September thanks to a sharply weaker yen, but the Japanese videogames giant struggled with tepid sales of its Wii U console.
Multi-billion-dollar videogame industry came under scrutiny after school shooting
LOS ANGELES: The multi-billion-dollar videogame industry came under scrutiny on Wednesday after Hollywood canceled, postponed or played down a slew of movies and TV shows with violent content in the wake of last week's shooting at a Connecticut elementary school.
America is losing the Chinese shopper
China was once eager to spend on US brands. Then citizens of the world’s biggest country shifted their allegiances.
Winners and losers in Japan’s 2020 stock market
TOKYO: More time at home, reduced mobility and billionaire Masayoshi Son helped drive stocks in Japan in 2020, as the coronavirus pandemic became the dominating force separating winners from losers.
INSIGHT-GameStop lures Amazon talent with grand plans and no frills
NEW YORK: GameStop Corp Chairman Ryan Cohen made a point of doing away with corporate excess such as a company plane and used the allure of rebuilding the videogame retailer to recruit Amazon.com Inc's Australia chief Matt Furlong as chief executive, according to people familiar with the process
Saudi wealth fund boosts gaming bets with Capcom, Nexon stakes
SAUDI Arabia’s sovereign wealth fund deepened its bet on video games, fresh from a face-saving deal that turned around its investment in Activision Blizzard Inc.
Wall St. gains as Apple, tech, energy, rebound
NEW YORK: U.S. stocks rose on Tuesday as Apple led a jump in technology shares and a gain of more than 2 percent in oil prices drove up energy shares.
Tech giant Tencent caught in Chinese regulatory trap
Chinese tech titan’s quarterly net profit drops 2% on softer investment gains
Don’t call it a car: China’s Internet giants want to sell you ‘mobile living spaces’
Baidu, Alibaba and Tencent are betting the auto industry will shift from selling hardware to selling subscriptions to internet-equipped autonomous cars
