Bilibili Inc BILI reported second-quarter FY22 revenue growth of 9% year-on-year to $732.9 million (RMB4.9 billion), beating the consensus of $709.4 million. Drivers: Average monthly active users (MAUs) increased 29% Y/Y to…
Chinese electric car maker Nio Inc NIO joined others in the industry denying any impact from U.S. restrictions on Nvidia Corp NVDA chip sales to China, CNBC reports. Now the U.S. requires Nvidia to…
Amazon.com Inc AMZN chief Andy Jassy acknowledged slowing down the hiring rate citing pandemic-induced overexpansion, the Wall Street Journal reports. Amazon looks to scale back following a massive hiring spree…
by Anusuya Lahiri, Benzinga Editor September 8, 2022 8:06 AM | 1 min read Spotify Technology S.A. SPOT founder Daniel Ek exploited a rare visit to Brussels to apply personal…
The All-China Federation of Industry and Commerce (ACFIC) released the 2022 top 500 private Chinese enterprises list, Global Times reports. Internet and service company JD.com, Inc JD topped the list with…
Apple Inc AAPL looks to appeal a Brazilian order banning it from selling iPhones without a battery charger, contesting the claims of selling an incomplete product, Reuters reports. The Justice…
Needham analyst Laura Martin initiated coverage of Stagwell Inc STGW with a Buy rating and a $9 price target. She believes revenue and EPS are predictable, owing to 20% of annual revenue from recurring maintenance…
Mizuho analyst Vijay Rakesh reiterated Buy on Applied Materials, Inc AMAT with a price target of $150. Rakesh hosted AMAT’s CFO Brice Hill and Raman Achutharaman, Head of Technology and Strategy (Semiconductor Products), at…
Credit Suisse analyst Timothy Chiodo recently hosted Block, Inc’s SQ Head of Investor Relations for a Midwest NDR. The discussions included Cash App Commerce, Cash App Borrow, Cash App MAU growth,…
BlackRock, Inc BLK cracked down on company directors representing too many boards in the U.S. technology industry, the Financial Times reports. BlackRock voted against the reappointment of Sanford Robertson to…
Sony Group Corp’s SONY veteran PlayStation hardware architect Masayasu Ito will retire shortly, Bloomberg reports. The 60-year-old EVP of Sony Interactive Entertainment, responsible for PlayStation and Sony’s other gaming initiatives,…
Encrypted messenger app Signal has appointed Meredith Whittaker, a former Alphabet Inc GOOG GOOGL as its first President, adding to the roster of tech critics leading the encrypted messaging app, the Washington…
U.S. federal prosecutors have sought crypto exchange Binance’s extensive internal records about its anti-money laundering checks and communications involving its chief and founder Changpeng Zhao, Reuters reports citing a 2020 written request. The Justice…
by Anusuya Lahiri, Benzinga Editor August 31, 2022 7:49 AM | 1 min read U.S. regulators have chosen e-commerce major JD.com, Inc J and KFC operator Yum China Holdings, Inc YUMC, among other…
Safe-T Group Ltd SFET, a global provider of cyber-security and privacy solutions to consumers and enterprises, reported financial results for the quarter that ended June 30, 2022. Revenue grew 168% year-on-year…
Rosenblatt analyst Kevin Cassidy sees Ambarella, Inc’s AMBA July quarter as the trough due to a perfect storm of events hitting their business. He reiterated a Buy and $125 price target. Lockdowns, IC kitting shortages,…
The U.S. audit regulator forged an agreement with Chinese regulators to inspect and investigate registered accounting firms in China and Hong Kong, Reuters reports. The Public Company Accounting Oversight Board (PCAOB)…
KeyBanc analyst John Vinh hosted an investor call with the management of Qualcomm Inc QCOM. The interaction enforced his long-term conviction in QCOM’s positioning in the flagship, particularly at Samsung Electronics Co, Ltd SSNLF, and…
KeyBanc analyst John Vinh reiterated Overweight on Nvidia Corp NVDA and a price target of $230. He preferred to be the buyer of NVDA, which reports its quarterly results on August 24. Vinh expects…
Madison Square Garden Entertainment Corp MSGE reported fourth-quarter FY22 revenue growth of 74% year-on-year to $453.5 million, beating the consensus of $412.6 million. Tao Group Hospitality segment generated revenues of $139.8…