Alibaba gets strong demand for $13.4 billion Hong Kong listing: sources

Alibaba's order books for its $13.4 billion Hong Kong share sale have already been covered "multiple times," sources with direct knowledge of the matter said on Friday, as the ecommerce group kicked off its campaign for the secondary listing in the city gripped by protests.

from Reuters: Technology News https://ift.tt/32P4kXd

Former Apple chip executives found company to take on Intel, AMD

Three of Apple Inc's former top semiconductor executives in charge of iPhone chips have founded a startup to design processors for data centers, aiming to take on current industry leaders Intel Corp and Advanced Micro Devices Inc.

from Reuters: Technology News https://ift.tt/2KoUMMi

Apple could raise annual ad income to $11 billion by 2025: JPMorgan

The launch of Apple TV+, coupled with Apple Inc's foray into digital services, could help the company increase its income from advertising by more than five fold to $11 billion annually within the next six years, analysts from JP Morgan said on Friday.

from Reuters: Technology News https://ift.tt/32RqzM6