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Phoenix New Media Reports First Quarter 2021 Unaudited Financial Results


Phoenix New Media Reports First Quarter 2021 Unaudited Financial Results
Live Conference Call to be Held at 9:00 PM U.S. Eastern Time on May 10, 2021
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BEIJING, May 10, 2021 /PRNewswire/ Phoenix New Media Limited (NYSE: FENG) ( Phoenix New Media , ifeng or the Company ), a leading new media company in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.
Mr. Shuang Liu, CEO of Phoenix New Media, commented, During the first quarter of 2021, we adapted to the evolving advertising landscape and implemented active measures to increase user traffic, enhance user engagement, and improve user retention. Those measures include producing more exclusive, premium, and original content, leveraging social media distribution to reach a broader audience, and augmenting our premium content pool operations. In addition, we continued to explore new business initiatives t ....

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China's capital probes cryptocurrency mining -sources


By Reuters Staff
3 Min Read
BEIJING, April 29 (Reuters) - The Chinese capital city of Beijing is conducting a check on data centres involved in cryptocurrency mining to better understand their impact on energy consumption, according to sources and a document seen by Reuters.
The Beijing Municipal Bureau of Economy and Information Technology on Tuesday sent an “emergency notice” to the city’s data centre operators to report if they’re involved in bitcoin and other cryptocurrency mining businesses.
If so, they need to report the amount, and share, of power consumed by cryptocurrency mining, according to the notice.
An official of the bureau, who declined to be identified, said the probe was directed by city authorities, adding that recipients of the notice include China’s three biggest telecoms operators. ....

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Costa Rica becomes a space watchman with powerful radar


Costa Rica on Thursday inaugurated a powerful radar capable of detecting objects as small as 2 centimeters transiting in low Earth orbit and that are a threat to the safety of ships and satellites.
The instrument was developed by Silicon Valley firm LeoLabs and its local partner Ad Astra. It is located in the town of Filadelfia de Carrillo, Guanacaste province, about 200 km northwest of San José. The investment amount was not disclosed.
“Only nine months after breaking ground in Costa Rica, it is gratifying to announce full operational status for the most advanced commercial space radar of its kind anywhere on the planet,” said Dan Ceperley, co-founder and CEO of LeoLabs. ....

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