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Walmart has agreed to purchase a 7.5 per cent stake in TikTok as a complex deal to keep the social media giant operating in the US is receives President Trump’s…
Read MoreTikTok rejects Microsoft deal, chooses Oracle instead
TikTok has allegedly chosen software maker Oracle as its “technology partner”, putting an end to Microsoft’s bid for the social media giant.
Microsoft on Sunday posted an update to its…
Read MoreJD.com smashes analyst estimates and sees shares rally despite Trump’s Chinese crackdown
JD.com smashed analyst estimates during its last quarter as its self-run logistics operations powered through the pandemic.
In its first quarter since launching its $4 billion secondary listing on the…
Read MoreJD.com raises $4bn in 2020’s second largest listing
JD.com has successfully raised $4 billion (£3.2 billion) in its secondary listing in Hong Kong, marking the world’s second largest share sale this year.
The Chinese ecommerce giant’s shares jumped…
Read MoreTrump told staff to “screw Amazon” out of $10bn government contract awarded to Microsoft
Donald Trump is understood to have instructed his secretary of defense to “screw Amazon” out of a $10 billion cloud contract, which was awarded to Microsoft on Friday.
Amazon Web…
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