Nvidia’s share price fell nearly 10 percent during a stock market crash in early September 2024. This contributed to the Dow Jones falling 600 points overall at the start of the month. (AP) As investors watched major markets crash, Wall Street saw stocks plunge on Tuesday, particularly among chip-selling technology companies. The S&P 500 lost […]
In Beijing, profits of catering companies with annual sales of over two million yuan (US$280,750) fell to 180 million yuan (US$25 million) in the first half of the year, a year-on-year decline of 88.8 percent. Profit margins, a measure of the company’s profitability, have also fallen to as low as 0.37 percent, according to Beijing’s […]
(Bloomberg) — Baidu Inc.’s revenue fell, reflecting difficulties in transitioning from search ads to artificial intelligence during China’s economic downturn. Most read by Bloomberg Revenue for the three months through June fell 0.4 percent to 33.9 billion yuan ($4.7 billion), compared with forecasts of 34.1 billion yuan. Net profit was 5.5 billion yuan, compared with […]
21 August 2024, 08:08 IST The proposed deal comes at a time when Walmart is refining its strategy in the world’s second-largest economy, where retail is dominated by online platforms such as Alibaba. Walmart Inc. is seeking to raise up to $3.74 billion by selling its stake in Chinese e-commerce company JD.com Inc., ending an […]
