US president-elect Donald Trump’s repeated support for TikTok has sparked speculation about potential solutions to prevent the app’s impending ban in the United States, though the path forward remains unclear. “We got to keep this sucker around for a little while,” Trump told supporters on Sunday, just days after meeting TikTok CEO Chew Shou Zi … Read more
The Tokyo-based company earned a better-than-expected net income of 231.1 billion yen (US$1.5 billion) in the March quarter, compared with a net loss of 57.6 billion yen a year earlier, helped by investment gains at the holding company and on derivative contracts. For the full year, SoftBank reported a narrower net loss of 227.7 billion … Read more
China last year bred an average of one new unicorn each week amid frenzied growth in the country’s artificial intelligence (AI) sector, bucking a declining trend in global venture capital investments, according to a new research report. The nation added 56 unicorns – start-ups valued at more than US$1 billion – in 2023, trailing only … Read more
