Tencent Cashes Out $16.4 Billion Stake in JD.com

Chinese social-media and gaming giant Tencent Holdings said Thursday it would reduce its stake in JD.com to a little over 2% from the current 17%.and distribute $16.4 billion in JD stock as a dividend to shareholders. JD.com (JD) shares fell by more than 7% Thursday. Tencent (TCEHY) shares were up 4% on the news, though is down nearly 40% since its January high. The move follows technology stocks in China being under pressure because of uncertainty surrounding a regulatory crackdown … Continue reading “Tencent Cashes Out $16.4 Billion Stake in JD.com”

South Korea’s Amazon Coupang Report First Earnings Since Going Public

South Korean eCommerce company Coupang reported its first earnings report since it’s IPO Wednesday. CPNG reported mixed results with higher revenue but on a much wider loss than expected. Total Active Customers continued to grow., up 21 percent year over year to 16 million.

Cloud Computing Infrastructure Big Data Trends For 2019

Following the recent technology stock sell off and ahead of cloud enterprise software giant SaleForce.com (CRM) earnings let us revisit the CapEx spending with the major technology companies for data centers and cloud needs from their earnings calls.