To The Moon

Ant Group, the fintech affiliate of Alibaba Group Holding, said it had no immediate plans to revive its initial public offering , dispelling market speculation it would soon go public.The Chinese company shocked investors in November 2020 by cancelling its US$39.7 billion IPO in Hong Kong and Shanghai less than 48 hours before market debut amid regulatory scrutiny. Since then, the question as to whether the company, founded by Chinese entrepreneur Jack Ma, would restart its listing process continues to linger.Speculation intensified in the past 10 days, after Ma gave a rare public speech at the 20th anniversary of Ant's mobile payments platform Alipay in Hangzhou, capital of eastern Zhejiang province, saying he had faith in the "next 20 years of Ant" and expected "more miracles". The widely-reported address, along with Ant's appointment of a new CEO, has renewed talks that an IPO could be around the corner.Get the answers with SCMP Knowledge, our new platform of curated content with ex

The company's second-generation graphics cards appear to be selling well.

The company's second-generation graphics cards appear to be selling well.

0655 GMT - Alibaba's disposal of Intime aligns with its strategy of focusing on its core e-commerce business and returning value to shareholders, Jefferies analysts Thomas Chong and Zoey Zong say in a research note. Alibaba earlier said it expects to record a loss of CNY9.3 billion from the sale of its interest in department-store chain Intime. "We believe disposals of non-core assets will help return value to shareholders," the analysts say. Jefferies maintains a buy call on Alibaba's ADRs and keeps its target price at $143.00. ADRs last closed at $86.06.

Chinese tech company agrees to sell Intime to Youngor FashionAlibaba has pivoted toward consolidating its core businessesAlibaba Group Holding Ltd. has agreed to sell its Intime department store busin

Intel Exec Says Complete Separation of Foundry and Product Business Is "an Open Question"

Intel was downgraded to S&P's BBB rating from BBB+ over a slow industry recovery and higher-than-expected manufacturing costs that are expected to last through 2025, the rating agency said Tuesday.Intel's discretionary cash flow, or DCF, is expected to improve amid the chipmaker's cost-cutting efforts, but its DCF-to-debt ratio is seen to approach 10% by the end of 2026, "a level we view to be appropriate at its current rating," S&P said.S&P also pointed that the departure of Intel Chief Executive Pat Gelsinger brings uncertainty to the execution of the company's turnaround plan, especially amid fierce competition in the chip industry.Intel would need a consistent strategy under a new CEO, launch products on schedule and reach cost-cutting targets to improve its credit metrics over the next two years, S&P said.

It was perhaps one of the more unexpected bits of news to happen in recent days that former CEO Pat Gelsinger of chip maker Intel ($INTC) briefly r...

We recently compiled a list of the 15 AI News That You Should Not Miss.In this article, we are going to take a look at where Intel Corporation stands against the other AI stocks.Intel Corporation markets key technologies for smart devices. Latest reports, from news publication Bloomberg, suggest that the Intel search for a new Chief Executive Officer will focus heavily on outsiders as the chipmaker is considering candidates such as Marvell Technology's Matt Murphy and former Cadence Design Systems CEO Lip-Bu Tan. Per the report, the company is working with executive search firm Spencer Stuart to help find a new CEO and is evaluating candidates to replace the recently-ousted Pat Gelsinger.

Intel Corp.’s much-needed addition of two executives with semiconductor expertise to its board comes as the chip maker’s stock is on track for its worst year ever, after the ouster earlier this week o