Sony cuts PlayStation 5 sales forecast to 21 million units
Sony cut its sales forecast for its flagship PlayStation 5 console on Wednesday, after warning of weaker transactions in its key gaming division. The Japanese gaming giant said it now…
Nintendo hikes sales forecast of Switch console to 15.5 million units
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo…
China making more advanced chips — but Beijing still faces challenges
A Chinese flag next to a printed circuit board with semiconductor chips. Florence Lo | Reuters China’s biggest chipmaker SMIC seems to have been manufacturing advanced chips in the last…
China’s Temu to run second ad, $10 million giveaway
Sopa Images | Lightrocket | Getty Images Temu, the e-commerce app run by Chinese company PDD Holdings, plans to run a Super Bowl ad on Sunday, a spokesperson told CNBC,…
Alibaba (BABA) Q3 2023 earnings report for December quarter
Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Shares of Alibaba fell Wednesday, as the company missed market expectations…