In this article PDD Chinese e-commerce giant Pinduoduo has been behind its rivals Alibaba and JD.com when it comes to international expansion. Now Pinduoduo has launched a U.S. e-commerce site called Temu. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Pinduoduo launched its U.S. online shopping site as the Chinese e-commerce giant makes
Technology
Nvidia has found success in China by selling automotive chips to the country’s electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to China. So far, electric vehicle makers do not seem to be affected. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images BEIJING — U.S. restrictions
In this article NVDA Nvidia on Thursday said the U.S. government will allow it to continue developing its H100 artificial intelligence chip in China. It’s a win for the company after it warned Wednesday that new export restrictions could hamper its operations in the country. Nvidia said in an SEC filing Wednesday that the U.S.
In this article AMZN Amazon turned off solar energy systems at all of its U.S. facilities in 2021 after a rash of fires and explosions, including one at its Fresno warehouse in 2020. Fresno Fire Department On the afternoon of April 14, 2020, dozens of firefighters arrived at an Amazon warehouse in Fresno, California, as
In this article XPEV LI 2015-HK NIO 9866-HK 9868-HK Nio managed to grow deliveries of its electric vehicles in August versus July. However, rivals Li Auto and Xpeng saw a sharp fall in deliveries. EV players continue to face supply chain disruptions for the resurgence of Covid in China as well as weaker consumer demand
In this article SNAP Snap shares rose as much as 15% after it confirmed reports it will cut 20% of its more than 6,000-person workforce and said it will scrap several projects, including its Pixy photo-taking drone and its lineup of Snap Originals premium shows. CEO Evan Spiegel announced the moves in a memo Tuesday,
In this article 9984.T-JP Rajeev Misra will step down from his role as CEO of SoftBank Global Advisors, which manages the Vision Fund 2. It comes as pressure mounts on SoftBank’s investment strategy amid a string of bad bets and a crash in technology stocks this year. Patrick T. Fallon | Bloomberg | Getty Images
In this article SNAP Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Snap is laying off 20% of its workforce, which equates to over 1,000 employees, according to
In this article TWTR In this illustration, Elon Musk’s Twitter account is displayed on the screen of a mobile phone with the Twitter logo in the background. A whistleblower’s complaint that Twitter misled federal regulators about the company’s security risks could provide Elon Musk with fresh ammunition in his bid to get out of buying
In this article AAPL Apple CEO Tim Cook delivers a keynote address during the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference. Justin Sullivan | Getty Images Apple is holding a launch event at its headquarters in Cupertino, California, on Sept.
In this handout provided by the National Aeronautics and Space Administration, the Space Launch Systemrocket with the Orion spacecraft aboard atop a mobile launcher as it rolls out of High Bay 3 of the Vehicle Assembly Building for the first time on its way to to Launch Complex 39B March 17, 2022 at Kennedy Space
In this article RIVN TSLA AMZN Following in Tesla’s footsteps, another electric vehicle company has been making a name for itself, with a unique spin: Rivian Automotive. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.”
In this article META Facebook is opening up Horizon World, its virtual reality world of avatars, to anyone 18 and older in the U.S. and Canada. Courtesy of Meta The vice president of Meta’s Horizon social media virtual reality software, Vivek Sharma, is leaving the company, a spokesperson said Friday. Sharma has been with Facebook
In this article GOOGL Josh Edelson | AFP | Getty Images Google employees are receiving regular notifications from management of Covid-19 infections, causing some to question the company’s return-to-office mandates. The employees, who spoke with CNBC on the condition of anonymity, said since they have been asked to return to offices, infections notifications pop up
In this article GOOGL Google Pixel 6a Google The other night I was showing my new Google Pixel 6a smartphone to my friend Pavlo. The phone was locked when I handed it to him. Then, suddenly, he was staring at my home screen. He had placed his finger on the part of the display where
In this article AAPL Apple iPhone 13 mini Todd Haselton | CNBC You use your iPhone every day, but you might only be scratching the surface of what you can do with it. For instance, the iPhone has a bunch of “hidden” menus that help you do things like search across apps, go back to
In this article TMUS T-Mobile CEO Mike Sievert and SpaceX founder Elon Musk announce partnership plans on Aug. 25, 2022. Screenshot SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert said that their companies are working to “end mobile dead zones,” and will launch a new mobile service enabled by Starlink second-generation satellites and T-Mobile
Dylan Field, co-founder and CEO of Figma, speaks at the startup’s Config conference in San Francisco on May 10, 2022. Figma Microsoft and Adobe have been friendly bedfellows for decades. Microsoft’s dominant PC operating system has been the gateway for Adobe to reach millions of business users with its design software. The companies’ CEOs even
In this article NVDA Nvidia reported second quarter earnings that missed Wall Street expectations for revenue and earnings per share. The report is in line with Nvidia’s preliminary earnings two weeks ago. The chipmaker warned that it would miss Wall Street estimates and that growth had slowed significantly because of disappointing gaming sales driven by
In this article AMZN Amazon employees are told they can get health care on call Amazon is shutting down its telehealth service, Amazon Care, marking a major retreat by the retail behemoth in its efforts to break into the health care space. Amazon will shutter the service after Dec. 31, Amazon Health Services lead Neil
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