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Top News In Intgam Today - Breaking & Trending Today
China's gaming regulator on Thursday granted publishing licenses to 86 domestic online games, including titles belonging to Alibaba , Baidu and ByteDance, according to an approval list published by the National Press and Public Administration. ....
As an $18 trillion economy home to 1.4 billion people, China is a natural font of statistical superlatives. The country’s internet giants, however, are dwarfed by American colossi like the $1.3 trillion Google owner Alphabet . The gap is only getting larger: prompted by a historically low valuation - and years of regulatory torment - Alibaba this week unveiled plans to break into six parts, paving the way for other local conglomerates to follow. Investors are cheering, but champagne jeroboams are probably popping in Cupertino, Mountain View and Seattle too. ....
Microsoft passed the first level of the UK’s antitrust game, convincing the country’s Competition and Markets Authority to drop one of its two main worries about the software giant’s $69 billion deal for video-game developer Activision Blizzard . The seller’s shares rose 5% on the news Friday, but hurdles remain. ....
Wall Street's main indexes fell on Friday as investors fled from risky assets on growing concerns that a contagion in the banking sector had not been fully confined despite assurances from key officials. ....
Ride-hailing giant Didi Global's move to withdraw from the New York stock exchange has put a spotlight on other U.S.-listed Chinese firms and whether more will jump ship to Hong Kong and elsewhere. ....