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BYTEDANCE CAPITAL EXPENDITURE
TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest personZhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index...- Tencent revenue and profit miss on higher AI investmentTencent Holdings announced first-quarter results below market expectations. Revenue and net profit missed forecasts. Gaming revenue saw gro...
- ByteDance targets 25% rise in AI infrastructure spendingByteDance has significantly increased its AI infrastructure spending by 25% to 200 billion yuan ($29.4 billion) this year, driven by rising...
- China tech giant Tencent logs 16% jump in annual net profitChinese internet giant Tencent on Wednesday reported a 16 percent jump in full-year net profit, with gaming still its main business driver ...
- Dow ends lower after topsy-turvy week, as Intel's outlook weighs on market sentimentU.S. stocks experienced a mixed close on Friday, with the Dow Jones Industrial Average falling due to Intel's sharp decline on a weak outlo...
- ByteDance plans to spend $23 billion towards AI infrastructure in 2026: FTByteDance, is planning major 2026 spending on AI infrastructure, signalling the TikTok owner’s growing push into advanced artificial intell...
- The AI frenzy is driving a new global supply chain crisisJapanese electronics stores have begun limiting how many hard-disk drives shoppers can buy. Chinese smartphone makers are warning of price ...
- TCS and Infosys reduce new H-1B visa filings as Google and Amazon top the 2025 chartsAmerica's largest tech companies are hiring more foreign skilled workers on H-1B visas. Amazon, Meta, Microsoft, and Google now lead in vis...
- Meta's profit hit by $16 billion one-time tax chargeMeta faced a substantial charge impacting its stock. The company is heavily investing in AI infrastructure, planning massive data centers. ...
- Brazil to offer tax breaks to lure data center investmentsBrazilian Finance Minister Fernando Haddad's trip to California on Friday includes a May 6 breakfast with tech executives in Palo Alto, whe...
- Market Wrap: Auto, IT slump weighs on D-Street; Sensex sheds 191 pts, Nifty holds 23,500Indian benchmark indices closed lower on Friday, pressured by declines in auto and IT stocks as investor sentiment turned cautious ahead of...
- Infosys layoffs escalate; Nvidia’s profit soarsThe union labour ministry has urged Karnataka’s state labour commissioner to investigate the controversial Infosys layoffs. This and more i...
- Alibaba to invest more than $52 billion in AI over next 3 yearsAlibaba said it plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence infrastructur...
- Alphabet plans massive capex hike, reports cloud revenue growth slowedAlphabet plans to spend $75 billion on AI buildout in 2025, significantly surpassing Wall Street's expectations. This substantial investmen...
- ByteDance plans $20 billion capex in 2025, mostly on AI, sources sayByteDance plans to invest over $20.64 billion in capital expenditure this year, mainly focusing on artificial intelligence infrastructure s...
- PEs seek access to majority stake in US healthcare BPOAdvent International, Blackstone and Carlyle are bidding to buy a majority stake in Access Healthcare, a Texas-based healthcare BPO. Hillho...
- From Shanghai to Mumbai, tech chiefs race to contain Silicon Valley Bank falloutIn the past days, the region’s tech luminaries and family offices have watched with a mix of fear and fascination at the meltdown that engu...
- Son rejigs InMobi bet ahead of $1 billion IPO, transfers shareholding to SVF 2SoftBank Group invested $200 million in InMobi in 2011, its first bet in the country.
- Tech powers S&P 500 to record closing high, Dow now positive for the yearAll three major U.S. stock indexes ended the week higher than last Friday's close, marking the fifth consecutive weekly gains for the S&P a...
- China’s $856 billion startup juggernaut gets stuckThis year, Chinese investors are involved in over $90 billion worth of deals, second only to the U.S. and up from only $11.5 billion five y...
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