Anxious about regulators, Naspers, SoftBank, Berkshire, and other early investors in Chinese tech giants are selling; $7.6B in Tencent shares could be sold (Bloomberg)

September 8, 2022

Bloomberg:
Anxious about regulators, Naspers, SoftBank, Berkshire, and other early investors in Chinese tech giants are selling; $7.6B in Tencent shares could be sold — For early backers, they’ve been some of the most profitable Chinese stock investments of all time: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and BYD Co.

Categories: Uncategorized

After a 24+ hour Alibaba Cloud outage on December 18, Alibaba names Wu Zeming as CTO and says CEO Daniel Zhang Yong will oversee Cloud, effective immediately (Tracy Qu/South China Morning Post)

Tracy Qu / South China Morning Post:
After a 24+ hour Alibaba Cloud outage on December 18, Alibaba names Wu Zeming as CTO and says CEO Daniel Zhang Yong will oversee Cloud, effective immediately — Alibaba Group Holding has named a new chief technology officer (CTO) and removed the president of its cloud computing services unit …

December 29, 2022

Filing: Warren Buffett’s Berkshire Hathaway discloses the purchase of ~60.1M American depositary shares of TSMC, worth $4.1B+, in Q3 2022 (Jonathan Stempel/Reuters)

Jonathan Stempel / Reuters:
Filing: Warren Buffett’s Berkshire Hathaway discloses the purchase of ~60.1M American depositary shares of TSMC, worth $4.1B+, in Q3 2022 — Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW) …

November 15, 2022

As President Xi Jinping consolidates his grip on China’s ruling party, Alibaba, JD.com, Naspers, and other tech stocks drop by 10%+ (Henry Ren/Bloomberg)

Henry Ren / Bloomberg:
As President Xi Jinping consolidates his grip on China’s ruling party, Alibaba, JD.com, Naspers, and other tech stocks drop by 10%+ — US-listed Chinese stocks tumbled in premarket trading, with investors spooked by President Xi Jinping’s tightening grip on China’s ruling party …

October 24, 2022

Alibaba reports Q3 revenue up 3% to ~$29B, slightly above estimates, and a surprise ~$2.9B net loss, compared to an expected ~$2.6B profit (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
Alibaba reports Q3 revenue up 3% to ~$29B, slightly above estimates, and a surprise ~$2.9B net loss, compared to an expected ~$2.6B profit — Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely grew, as China’s rigid Covid controls continue to sap consumer sentiment.

November 17, 2022

Microsoft says Xbox Game Pass is profitable and accounts for ~15% of Xbox content and services revenue, after revealing PC Game Pass subscriptions rose 159% YoY (Tom Warren/The Verge)

Tom Warren / The Verge:
Microsoft says Xbox Game Pass is profitable and accounts for ~15% of Xbox content and services revenue, after revealing PC Game Pass subscriptions rose 159% YoY — Microsoft Gaming CEO Phil Spencer has revealed that the company’s Xbox Game Pass subscription service is already profitable.

October 26, 2022

Alibaba doesn’t disclose its Singles’ Day sales for the first time, instead saying gross merchandise value was in line with 2021, when it had $76.1B in sales (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
Alibaba doesn’t disclose its Singles’ Day sales for the first time, instead saying gross merchandise value was in line with 2021, when it had $76.1B in sales — Alibaba Group Holding Ltd. decided not to disclose full sales results for its signature Singles’ Day shopping festival for the first time …

November 11, 2022

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