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1050 days ago

China's cloud services market is set to blow up

China’s enterprise software-as-a-service market is expected to grow around 40% annually over the next five years and reach $40 billion in revenue in 2025, according to estimates by JPMorgan. Cloud services are among the fastest-growing businesses for giants like Tencent and Alibaba Group Holding Ltd., while up-and-comers like Tuya Inc. and Agora Inc. have in recent years raised billions in U.S. listings.

#Technology

1050 days ago

Apple made $100M in commissions from Fortnite

Epic Games, the firm behind the game Fortnite, is suing Apple alleging that the iPhone maker has abused its power over developers by forcing them to utilize the App store's in-app payment technology which charges between 15% and 30% commissions. Apple says rates are similar elsewhere at Xbox for example.

#Technology

1050 days ago

Tencent takes a hit, but can recover through cloud services

Some say Tencent is a defensive play within the tech sector since it does not burn cash for its core business like an Alibaba or Meituan does. Tencent is about to report earnings in Hong Kong. Recently Tencent shed off about $200B in value but is expecting to deliver 24% revenue growth for the March quarter due to strong payments and cloud services recovery. 

#Technology

1051 days ago

Tesla down 39% from January high, with a P/S ratio of 17x

Source: Charlie Bilello, Tesla

#Stocks #Technology
Tesla down 39% from January high, with a P/S ratio of 17x

1051 days ago

Growth tech sell-off is made clear--PGNY and ACCD making a comeback however.

It appears as though we might be witnessing some type of turning point in healthcare tech and IT share price performances. Growth names have generally trailed the Nasdaq. 

#Stocks #Technology
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