Coupang, the South Korean e-commerce site backed by SoftBank, booked a loss of nearly $520 million in the quarter ended in June, the Financial Times reported. Shares of the company are down more than 30% since its initial public offering in March, and the decline threatens to erase some of the gains SoftBank reaped from Coupang’s IPO. The newspaper said Coupang reported a loss after a fire...
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Apple Poised to Gain More Market Share Amid Chip Crunch, New Survey Shows
As Apple prepares to release the latest generation of its iPhone this fall, it is starting to feel the pinch Android makers have been feeling for months from the global chip shortage. Still, new survey results suggest the chip crunch is hitting other manufacturers of high-end phones such as Samsung Electronics much harder, and the problems are becoming more widespread, at least in the U.S. In a...
Murdoch Revives Plans for Fox News-Like UK Channel
Chinese Smartphone Giant Oppo Cuts Jobs After Merger With OnePlus
China Slows Videogame Approvals After Imposing New Limits on Minors
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