Chinese e-commerce company Pinduoduo on Tuesday reported its first-ever quarterly net profit as revenue jumped 89%. But at the same time, the company said it would donate a total of 10 billion yuan ($1.5 billion) to China’s agricultural industry by giving away its quarterly profits until it reaches the donation target. As Pinduoduo and other Chinese internet giants grapple with Beijing’s...
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Let The Mixed-Reality Headset Games Begin
You don’t need special glasses to see why Meta Platforms announced its latest mixed-reality headset, the Quest 3, on Thursday, just days before Apple is expected to unveil its own entry to the field. CEO Mark Zuckerberg has literally bet the company, and its name, on the metaverse, but the results so far have been disappointing. It’s been almost a decade since Meta, née Facebook, stepped...
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