By JAKE COYLE, AP Film Writer NEW YORK (AP) — Before the pandemic, the theatrical and digital markets for entertainment were roughly similar in size. Last year, however, digital revenue was more than three times that of global box office, according to a new report by the Motion Picture Association. […]
Technology
By Fanny Potkin and Aditya Kalra SINGAPORE (Reuters) -E-commerce and gaming firm Sea Ltd said on Monday it is withdrawing from India’s retail market just months after starting operations there, the second pullback this month in an overseas expansion drive, as the loss-making firm faces a weak growth outlook. The […]
By Akanksha Khushi and Krystal Hu (Reuters) -Instacart Inc on late Thursday cut its valuation by nearly 40% to about $24 billion due to recent market turbulence, in an unusual move that shows how public market volatility affects high-flying private companies.The new valuation marks a substantial drop from last March, […]
By Jane Lanhee Lee and Chavi Mehta (Reuters) – Nvidia Corp on Tuesday announced several new chips and technologies that it said will boost the computing speed of increasingly complicated artificial intelligence algorithms, stepping up competition against rival chipmakers vying for lucrative data center business. Nvidia’s graphic chips (GPU), which […]
By Fanny Potkin and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) – Indonesia is readying tough new rules that will allow it to fine and criminally charge internet and social media platforms, sources with direct knowledge of the matter said, potentially slowing online firms’ rapid growth in a $70 billion market. The rules, […]
BANGKOK (Reuters) – Chinese automaker Great Wall Motor has signed an agreement with Thailand’s government to slash retail prices of its electric vehicles, an executive said on Tuesday, a move aimed at boosting domestic EV sales and production. The agreement, which involves a government subsidy and reduction in value-added tax, […]