Apple held its annual WWDC24, with the world eagerly anticipating updates on its AI strategy, especially as it is perceived to be lagging behind Microsoft and Alphabet. Disappointingly, Apple did not announce any groundbreaking AI advancements. However, Apple excels at branding, and true to its bold nature, it rebranded AI as Apple Intelligence. Apple made …
Alibaba sold 72.5 million shares in Singapore Post (SingPost) (SGX:S08) for S$33.3 million on 7 June, Friday at about S$0.46 apiece. The transaction lowers Alibaba’s stake in SingPost, Singapore’s national postal service provider, from14.56% to 11.34%, and trims Alibaba’s holding to about 255.1 million shares. It previously held approximately 327.6 million shares. Why is Alibaba …
Alibaba sold 72.5 million shares in Singapore Post (SingPost) (SGX:S08) for S$33.3 million on 7 June, Friday at about S$0.46 apiece. The transaction lowers Alibaba’s stake in SingPost, Singapore’s national postal service provider, from14.56% to 11.34%, and trims Alibaba’s holding to about 255.1 million shares. It previously held approximately 327.6 million shares. Why is Alibaba …