Fitch Ratings said profits will grow slower at major Chinese tech companies Alibaba, Tencent and Baidu as they ramp up investments in technology, content and access to new markets. Alibaba’s operating earnings before interest and taxes will increase by low single-digits through the financial year ending March 2022, Fitch said, as it tries to expand its annual active consumers to more than 1...
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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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